What Brings You More Happiness: Saving or Spending?
An 80-year-old man who lives in one such rental flat leads a frugal lifestyle. Yet, unbeknownst to many, his personal savings amount to a staggering SGD $1 million! Perhaps saving money has become a source of joy in his life. Rather than using his savings to improve his living conditions, he finds greater satisfaction in the sense of security brought by a substantial bank balance. ------------- Which spending and saving philosophy resonates with you more? Do you have strict saving plans like the 80-year-old man? When will or when did you achieve SGD 1 million savings?
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The Happiness Equation: Savings vs. Spending The age-old question of whether saving or spending brings more happiness has perplexed philosophers and economists alike. While both practices have their merits, the key to true happiness often lies in a balanced approach. The Joy of Spending Spending money can undoubtedly bring immediate gratification. Whether it's indulging in a delicious meal, purchasing a desired item, or taking a dream vacation, spending can boost mood and provide a sense of pleasure. However, the happiness derived from spending is often fleeting, and excessive spending can lead to financial stress and anxiety. The Serenity of Saving Saving money, on the other hand, offers a longer-term sense of security and peace of mind. Knowing that you have a financi
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