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Your Two Cents: Is Financial Security the Key to Happiness?

Mo money worries, mo problems? A recent study found a link between financial security concerns and satisfaction with one's life. No doy, right? The study concluded that women who spend a lot of time worrying about financial matters were less likely to be happy with their lives — no matter how financially secure they were. The women who said they didn't spend much time thinking about savings, tuition for college or just making ends meet, reported being the happiest of the group.

"Even if you are making a hundred grand a year, if you are constantly worried that you are going to get fired, that you are going to lose your health insurance or that you are simply not sure you are going to 'make it,' you are not going to be happy."

Do you think financial security and the ability to not worry about finances are the golden ticket to happiness, or do you think there are too many other factors that play into your overall contentment with life?

CoralAmber CoralAmber 8 years
Financial security would make me happier :) It would give me much more freedom in my life.
lilkimbo lilkimbo 8 years
I think this is an interesting question. I believe you need financial security to be happy if financial security is defined as having enough money to buy the things you need. I emphasize need because I mean things like food, transportation, shelter, etc., kind of like Maslow's hierarchy of needs. But, I don't believe being well-off is necessary to be happy.
Budderflie Budderflie 8 years
I dunno. My husband and I are better off then anyone else in our entire family and we seem to live the most stress less life. Could be the fact too that our family lives 7.5 hours away and its just us, the kitties and our soon to be kiddo. Any time something comes up that money is needed, like one of the cars and their many "surprise you bought a high maintenance car" that needs something or a baby on the way, we rest easy. Its not the key really but helps get to that "key". Its nice not to stress over money but instead stress over making sure Im ready for this baby. Haha
heatherhas heatherhas 8 years
I had a psych teacher who used to say: "Money can't buy happiness but it sure as hell puts a good down-payment on it." I think that about sums it up!
le-romantique le-romantique 8 years
When you have money you stress about losing it... then you can't enjoy the things you'd like to... or people spend it the WRONG ways and have nothing and are back at zero. Can't have a perfect life, i'd rather have a poor to decent financial status than have problems in another section of my life... like health!
GlowingMoon GlowingMoon 8 years
Financial security is important, as finances is the way to secure food, shelter, health care, etc -- necessities. In my opinion, financial security is conducive to happiness. It sets the environment for it.
redegg redegg 8 years
I've learned that this definitely helps with peace of mind. I do envy sometimes women who do not have to worry about the money.
kscincotta kscincotta 8 years
I don't think having a lot of money is the key to happiness. I think feeling like you are in control of your finances rather than vice versa that makes people content.
ilanac13 ilanac13 8 years
i know that they say that you can't buy happiness, but you can buy a bit more ease in your life. i know that in general i'm pretty happy right now - i have most things that i could want, however....i'm not really making ends meet financially. my fiance hasn't had a job since november and i have to pay for EVERYTHING and i can't really afford it since we live in NYC - and if i had just a little more money i would be soooo happy.
laurelm laurelm 8 years
I think if you are dependent on money for your happiness therein lies the problem.
hithatsmybike hithatsmybike 8 years
making $100 grand a year ISN'T financial security, that's a just a good income -- in my opinion, anyway, not sure how this term is "officially" defined. Financial security is having enough money to meet your needs and wants, even at times of crisis (job loss, loss of health insurance, etc). What good is a $100K salary if you're $200K in debt? Earnings says absolutely nothing about financial security, only how you manage your money and prepare for the future does.
Spectra Spectra 8 years
This is a tricky one. I think if you have to worry all the time about meeting your basic needs on a day-to-day basis, lack of money could really stress you out. However, just because you don't have a lot of money doesn't automatically mean you'll be stressed about it. Some people learn to love living with very very few possessions and earthly pleasures and are very content. And then there are people that probably have quite a bit of money that are worried about how they're going to make the payments on their new Jaguar or whatever. I think people are the happiest when they live within their means--meaning that they know what they can afford and what they can't and stay within those limits.
miss-malone miss-malone 8 years
"No, there are too many other life factors. Money is a major factor, but not the key." Very true.
aimeeb aimeeb 8 years
Not the key to it but it helps...
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