If you are working hard to be able to buy more, you will never be happy.
Working hard because you love your job and working hard because you want money are two different aspects. Of course, we all need money at the end of the day but making money your driving force will deprive you of the essence of life: happiness. What’s worse, this desire will keep growing each day and you won’t be able to manage your money properly. As a result, you will work more, not have enough money, and not be happy anyway. Is it worth the struggle?
In order to be able to manage money efficiently, you should learn to be happy. Smart money management requires you to spend less and start investing so that you are rich at a later stage in life. Now, if you are not happy spending less because your desires are out of the roof, being smart won’t do the job for you. Eventually you will give in to your desires and spend your money. Therefore, the most sensible way to stop spending too much is to be happy and to appreciate what you have.
Satisfaction and gratefulness are very effective in this regard because the moment you are satisfied with your possessions and what you have achieved, your desires will reduce. You will not have the constant beckoning of new things to purchase and that will automatically help you manage your money. This is probably the most effective and sensible way of not just saving money but also of being happy.
Thus, to sum this up, there is really no secret to happiness or to money management. Both of them are interconnected, which is where the key is. Another way to stay happy, to manage money, and to have everything you want is to cut corners where you can. For example, if you have enough money for something but you don’t really need it, why would you spend on it? Instead, you can invest the same amount of money in something that you need or truly desire so that you buy the best in that niche. Thus, even though you have a fewer items, you will own what you need and you will own the best.
Lastly, you can use technology to your advantage to manage money and keep a track of all your expenditure. When you are constantly aware of where the money is going, it will have a psychological impact on you and you will automatically refrain from overspending.
If you are having a hard time managing money it is probably because you are not able to get a grip on your desires. Buying new things will not make you happy. Being satisfied with what you have is the open secret to happiness, which in turn is the open secret to money management.