Post # 18
I just need enough to not worry. Which we don’t make much combined but we never worry about bills or anything. I save a crap ton too because I try to be practical everyday. So does my FH. Those savings enable no worries and nice vacations. Not sure how I will feel when babies come but hopefully I still feel the same then.
Basically… “If you make $40k… live like you make $15k”. – My dad.
So I feel like I am loaded. I am not by combined salaries… but savings say otherwise. So… even if I have the money… I look for the best price like I am broke as a joke. So this doesn’t mean live in a crap hole or dumpy situation… Just don’t settle for full price tag anything.
Post # 19
The more you get the more you spend and the more extravagant your tastes get. So you want more money.
My income has more than doubled in the last couple of years and my tastes have just got more expensive. I do save a lot though.
Post # 20
I’m pretty content where I’m at right now. My husband and I do well, and we have enough for our needs and our reasonable wants.
We still have a huge mortgage. Still have a bunch of money we need to save for our kids’ college. My soon to arrive second baby will need a nanny and those don’t come cheap. Still need to build up our 401ks. If we got a fantastically huge sum of money to take care of all that, we’d be ecstatic.. but I’m not sure how long that would last! So in the meanwhile, I’m happy to still need our jobs. 🙂
While more money is always welcome, the best route to happiness is to be mindful so I’m working on that. I like to spend more on experiences than things. Some of the best, most memorable experiences are free.
We live in an increasingly materialistic, consumerist society, to the point where it drives me mad, because I’m not fully immune to it. Social media fuels this madness. Weddings have to be Pinterest perfect. Your closet and its expensive contents need to be YouTube ready at all times. Gosh, I recently saw a video on YouTube featuring this woman’s insane closet full of insanely expensive bags and clothes and shoes jewelry. All I could think was: ‘gosh, what a vulgar display. Does that actually make her happy??’ There was a time when society would have considered that kind of display crass, but apparently not anymore…and this isn’t helping any of us!
Post # 21
I honestly do believe that money can buy hapiness to a certain extent, if the root of the problem truly is financial. If you are having relationship or family issues money will not fix that obviously. My husband and I make a very good salary (~$150k combined) and for just the two of us it’s more than comfortable. We chose to live below our means in a small older house and drive used cars until they die, but we spend our money mostly on travel and saving for an early retirement. If we had different priorities we could comfortably start a family or afford a nicer house or luxury cars. For just the two of us, we could do down to around $100k combined like when we were first starting out and still be very comfortable. I will say that a good salary that is mismanaged or not spent wisely is not any better than having a low salary but good financial habits.
Post # 22
burrita : burrita : just enough not to struggle and feel.secure. Any more is just a cherry.
Post # 23
All of it.
Don’t worry, I will use it only for good.
Post # 24
Hard to say. When I made 25k as a grad student I was happy but there were moments of stress. When we made 10x that, we were happy and didn’t think we needed more. Now we make multiples of THAT and we are much more happy because it means even more opportunities for our family. So I don’t know what the ceiling is for “happiness”.
But there was a point when something besides money brought us more happiness than money could. Probably when income reached 2x the median for our area and savings goals were being met.
Post # 25
burrita : I’d like to have 15 million dollars. We live in NYC with 2 kids, eventually we will need a 3 bedroom apartment. Good school district, subway lines…. I would budget 2 million dollars for that. Then I want to make sure I can live off the investment and don’t have to work. I will always work, but it can afford me to do what I enjoy doing, no stress= happiness.
The idea of not dealing with unpleasant people makes me very happy.
I don’t think money buys people happiness, but it sure buys you lots of things that can make you happy, like a housekeeper, healthier food, a cab instead of the awful subway, better cleaning products that won’t kill me, a more comfortable sofa, a new bed…..
Post # 26
I love having enough money to pay all my bills with ease every month and to put money into savings and save for retirement as well as having money left over to play without stress or worry. Those circumstances contribute to a feeling of stability and well being in my life (though I recognize that economic downturns can wipe out those supposedly stable markers pretty quickly). I also love making chunk payments on large purchases I’ve made (or paying off moderate purchases in full) and I love pampering myself and others that I love.
The exact amount that I need to do that varies. Right now, I live in one of the most expensive areas of the country and I also have student loans (one of the recipients of those large chunk payments I just looooove making 😉 ) and a mortgage (where I pay extra toward the principle each month) so my minimum is more than the $75,000 that studies have indicated is the maximum that people need to feel good (after which, their happiness doesn’t show any additional significant increases).
I’d be extraordinarily excited about what I could do (for myself and others) with a couple million extra dollars (I have a really large family and a lot of friends who also have student loans and I fantasize about paying down or eliminating all of those debts for all of us). And I also manage to live well and be quite happy and secure and generous in my life without that much.
Post # 27
cherryberrypie : I’m with you! 15 million is a beautiful number!
Post # 28
I was very happy on my teachers salary,but I’m even happier after winning a lottery.
Post # 29
The happiest I had ever been, in my entire life, was when I was the most broke I had ever been in my entire life. Deciding which bills could be pushed while which ones needed immediate payment to avoid service cut off. Happiest I had ever been, hands down.
I’m still as happy, but money is much better now.
That time period was an amazing reminder that it’s never about money. We were broke, I was humiliated about it because we had a newborn who we planned to have, and our power had been shut off. I was humiliated and terrified. But I had never been so damn happy, in my entire life. I felt both extremes, at the same time.
Post # 30
I guess happiness isn’t the right word for me here. Anxiety would be a good one. I wouldn’t have money anxiety if all bills are paid and we have enough left to put some in savings.
We haven’t been able to put much in savings, but we are talking about ttc number two and the timing of when we will start to try means we will put away at least one year of daycare expense, which is about $1k a month. We are timing ttc with the end of my daughters daycare expense when she starts school.
That’s a huge swing from not saving too much to saving $1k a month. As much as I’m craving number 2, that savings will put us in an even better position
Post # 30
- Wedding: September 2019 - City, State
ZERO……money does NOT buy happiness. Some of the richest people in the world can sometimes also be some of the most miserable.
Post # 30
I was thinking about this the other day. In my situation, when i was a new grad and started working professionally. I didn’t earn much, lived in a crappy apartment, leased a cheap car but i lived within my means, no debt and more disposable income. I earn more now but spending more and honestly now thinking back i was pretty happy back then even though i didn’t earn much. Having more money doesn’t necessary make you happier.