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Weekly Wellness Newsletter

Can You Buy Happiness?

When you think of "Financial Wellness", things like investing, budgeting, saving, and paying tithing are likely what next enter your mind. While those undeniably play a part in your financial wellness, another element of financial wellness you may not think about is intentionally spending money.

In this TED Talk 'How To Buy Happiness', Michael Norton talks about the common adage "money can't buy happiness" and how that may not be true depending on how you use your money. As it turns out, several studies and experiments indicate that spending money to benefit others, or pro-social spending, has profound effects on your own happiness, while spending money on yourself has no effect.

What you could take from this is that while budgeting, investing, saving, and paying tithing are definitely all important, true financial wellness also includes intentional spending, specifically pro-social spending.

Think about the last time you paid tithing. With increasing accessibility to the internet and improving technological resources, it's likely that you paid online without thinking about it. Perhaps that process is automated for you. Even if you didn't pay online, you filled out a slip with your 10% and gave it to your bishop. While you filled out that tithing slip, did you remember what tithing is used for? Tithing is used to provide welfare, fund humanitarian efforts, aid missionary work, maintain temples, and many other things that benefit a lot of people around the world. To make this righteous expenditure more meaningful or impactful for you, perhaps spend more time thinking about how your tithing and generous fast offerings are going to help someone who desperately needs help!

When you spend intentionally to bless others' lives, you will we be filled with joy, whether you consciously realize it or not. Part of that is related to knowing you had a positive impact on someone else. Though it can be very difficult depending on our circumstances and situation, finding ways to engage in pro-social spending, no matter how small those ways are, and viewing money as a tool with which you can serve others will benefit you, your financial wellness, and your relationships with others.