Why saving is better than spending

Savers are optimistic about the future | What makes you happier: spend money or save?

Savers rate their future more positively than non-savers. Those who save at least 100 euros per month also see the future as particularly positive. This was the result of a current Forsa survey on behalf of RaboDirect Germany. But does money really make you happy?

Again and again there are reports through science and the media, according to which a net income of 60,000 euros means the optimum of happiness. With this sum, many material wishes could be fulfilled, an increase in income beyond that does not make you more satisfied. More important than that, however, are the position and the appreciation associated with it, knows economist Prof. Dr. Karlheinz Ruckriegel from the Technical University of Nuremberg Georg Simon Ohm. Because with this income a self-determined life is possible.

The majority of Germans have so much income that they are able to save. Almost 90 percent do it. And 81 percent of savers who put aside at least 100 euros per month every month have a particularly positive outlook on the future.

But why does saving make you satisfied?

Prof. Ruckriegel: “We are saving for two reasons, firstly because of the motive of prevention and secondly for a specific goal. The anticipation of the savings target and the security that savings give us lead to greater satisfaction. "

Can money motivate us?

Prof. Ruckriegel: “Money can only motivate us to a limited extent. If we do something that seems pointless to us, money can hardly make up for it. Income is a so-called hygiene factor, which ultimately has little effect on motivation. We get used to more income quickly. However, if we feel we are being paid unfairly, dissatisfaction persists. The work content and the working atmosphere, the direct superiors, are important for motivation in the workplace. "

Does a raise make us happier?

Prof. Ruckriegel: “Yes, but only for a short time. Then the habituation effect sets in. "

Doesn't more money make you happier at some point?

Prof. Ruckriegel: “First of all, you need a certain minimum income. After that, however, more income hardly contributes to happiness, as the demands simply continue to adjust upwards, a bigger car, a bigger house. "

In science this is referred to as diminishing marginal utility. That means: If a person just manages to get by and suddenly has more money available, his satisfaction increases significantly. But a person with a middle income earns more, he does not necessarily become happier.

Does it make spending or saving money happier?

Prof. Ruckriegel: “It is interesting that we feel happier when we also spend our money on others. On the other hand, saving in moderation creates a feeling of financial security. "

Above all, experiences create long-term life satisfaction. So if you spend money on trips or events with friends and family, you save these positive memories and can draw on them for a long time. Not only the opportunity to be able to afford a certain excursion brings happiness - but the experiences with familiar people.

Is it easier to save on a specific goal (e.g. a trip)?

Prof. Ruckriegel: "Yes, a specific goal triggers anticipation."

Do material possessions (house, car) make you happier than money in the bank?

Prof. Ruckriegel: “It depends on a certain balance. Overall, however, one should not overestimate the material aspect. It is important to have enough time for social relationships. "

Tips to get happy

  • 1. Remember beautiful things

    Consciously remind yourself again and again of situations in which you felt comfortable. Over time, you will find it easier and easier to generate positive feelings by recalling fond memories.

  • 2. Live in harmony with yourself

    Accept yourself for who you are. No self-judgment or self-rejection! Strengthen your self-esteem and self-confidence - an important prerequisite for satisfaction.

  • 3. Move

    Physical exertion releases the happiness hormones (serotonin, endorphin). Sport and sex pave the way for good feelings. Do endurance sports two to three times a week.

  • 4. Be active

    Find yourself a task, because we pay for comfort with bad feelings. Activity, on the other hand, brings satisfaction. WHAT we do doesn't matter. It is only important that we find a job that challenges us mentally and / or physically.

  • 5. Anticipation

    In anticipation of something beautiful, our brains produce dopamine, a happiness hormone. What can you look forward to?

  • 6. Friendships

    Maintain acquaintances and friendships. The happiest people are the ones with the best social relationships.

  • 7. Positive goals

    Find positive personal or professional goals that you are passionate about.

  • 8. Variety

    Provide a variety of pleasures for your senses - taste, smell, hearing, feeling, seeing. Try something new again.

  • 9. Have a purpose in life

    Give meaning to your life. If we fail to give meaning to our lives and our activities, how are we supposed to feel happy?

  • 10. Have a laugh!

    Surround yourself with people who are happy and like to laugh, who are satisfied or happy. Laughter is contagious. Satisfaction and happiness too.