Important Money Moves for a Happier Financial Situation

Key Money Moves for Financial Happiness

Do you know what makes the biggest difference between people being happy or unhappy with their personal finances?

1. Making more money

Earning enough money to support yourself and your loved ones can greatly impact your financial happiness.

Among financially happy individuals, 58% had earned enough to support themselves, compared to only 20% of financially unhappy people. To boost your earning power, consider seeking opportunities for a pay raise, promotion, or starting a side hustle.

2. Having emergency savings

Building an emergency savings fund is crucial for financial security and happiness.

48% of financially happy individuals had emergency savings, whereas only 11% of financially unhappy people did. Consider using budgeting apps or adopting money-saving strategies to enhance your financial resilience.

3. Having good credit

Maintaining a good credit score is key to unlocking financial opportunities and reducing costs.

65% of financially happy individuals had a good credit score, while only 29% of unhappy individuals did. Improving your credit score can lead to lower loan interest rates, better credit card rewards, and various financial perks.

Take proactive steps to prioritize these key areas and improve your overall financial well-being in 2024.