Put your money where your happiness lies. This is probably the best financial advice I've ever read. The writer of the article (from Self Magazine) suggested that in order to know whether you expenditures are making you happy, you should list down the things that cause you happiness and put across each item the amount you spend in a week for that item. Interesting. So I made my own list and this is how it looks like.
Having coffee/dinner with friends ---- P2,100/week (on the average, I go out with my friends at least three times a week and spend around P700 each time. Not bad, considering the benefits I get out of it)
Communicating with my mom through text/phone calls--- P 100/week (because I always text but I rarely call. Guilty!)
Reading a good book--- P125.00 (I buy at least one book worth around P500+ a month so if I divide that to 4 weeks, that's about P125.00 per week.)
Community activities---- P600.00 ( equivalent to my transportation expenses)
Blogging/surfing the net--- P300.00 (My monthly internet bill is P1,200, hence, P300 per week)
Chocolates/desserts for lunch --- P 300/week ( I try to limit it to this amount)
Watching DVDs--- P140 (that is, if i buy at least two DVDs a week, which i usually do. Pirated nga lang. hehe)
After making this list, I realized that though I'm happy with most of my expenses (community activities, coffee with friends), I haven't really been investing on the things that truly bring me joy, like talking to my mom and reading a good book. I also realized that I spend too much on items that don't even rank among the things that make me happy, like shopping for new clothes or shoes, or eating at fast-food restaurants which can also be expensive, when you think about it. Likewise, this exercise strengthened my resolve not to enroll in a gym or in any fitness program because no way will that ever make me happy, all health considerations notwithstanding.
But what i really find interesting is the fact that the things that complete my joy, like hearing a good homily, or spending time at the blessed sacrament, or turning in a good work, or knowing that my family is complete and healthy or having a meaningful conversation with the person I love, are absolutely free. For that, I'm truly grateful.
My resolution, therefore, is to spend on things that I've always wanted to do but was always hesitant to spend on, like traveling and taking up dance lessons, or simply redecorating my room. And maybe I will watch more plays and go home to Mindoro more often or dine out with my siblings regularly. Though I still agree that money can't make me happy, I know that I should make it work for me, at least to the extent that it can. It may not be able to buy me joy but it can certainly buy me my favorite coffee. And sometimes, that's all i need to make me happy. 