Happy Go Money: Spend Smart, Save Right and Enjoy Life

Happy Go Money: Spend Smart, Save Right and Enjoy Life

by Melissa Leong


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The Social’s finance expert connects money and happiness in this fresh, feel-good guide to financial well-being

Everything tells us that what will make us happy can be bought, whether it’s the latest gadgets, renovated kitchens, or luxury goods. But research has shown that having more money in the bank and more stuff around the house doesn’t necessarily correlate with being a happier person. With Happy Go Money, financial expert Melissa Leong cuts through the noise to show you how to get the most delight for your dollar.

Happy Go Money combines happiness psychology and personal finance and distills it into an indispensable starter guide. Each snappy chapter provides practical, easy-to-understand advice on topics such as spending, budgeting, investing, and mindfulness, while weaving in research, interactive exercises, and relatable anecdotes. Frank, funny, and empowering, this primer challenges everyone to revamp their relationship with their money so they can dial down their worries and supersize their joy.

Product Details

ISBN-13: 9781770414723
Publisher: ECW Press
Publication date: 01/08/2019
Pages: 304
Product dimensions: 5.50(w) x 8.40(h) x 0.50(d)

About the Author

Melissa Leong is a personal finance writer, keynote speaker, on-air personality, and bestselling author. She appears on CTV’s The Social as its resident money expert and was a staff reporter at the Financial Post. She lives in Ajax, Ontario.

Read an Excerpt

The magic number

We all need a certain amount of money to be happy. But how much?

For those of us who are on the verge of losing our homes, who fret about feeding our children, who cringe when the phone rings because debt collectors may be calling, without question, more money will make us happier. But for the rest of us, before connecting cash with joy, we need to talk about what we mean by “happy.”

Scientists in neuroeconomics (the study of how we make economic decisions) break happiness into two types:

Life satisfaction: an evaluation of your well-being as a whole (the kind of happy where you’re pleased with life in general).

Day-to-day mood: the highs and lows, the joy, stress, sadness, anger and affection that you experience from one moment to the next — how you feel today, how you felt yesterday (the kind of happy that most of us relate to — the right now happiness).

With life satisfaction, the richer people got, the more satisfied they were with their lives. In worldwide studies, people in richer countries reported higher life satisfaction than those in poorer countries. (We should also consider that wealthier countries are more politically stable, more peaceful and less oppressive — which affects well-being.) But according to a 2018 Purdue University study, there was a limit. That figure is $95,000 U.S. (pre-tax, per single-family household). After that, more money didn’t mean that you were more satisfied. With day-to-day happiness, the threshold is $60,000 to $75,000 per household, according to various studies.

The 2018 study showed that after these salaries are hit, life satisfaction and day-to-day happiness actually slightly decrease with more money.

What the what?

Well, apparently when all of our basic needs are met, we become driven by other desires such as chasing after more material stuff and comparing ourselves to others which makes us unhappy. Also, high incomes can come with high demands (more working hours, more stress and less time with family and for leisure).

This doesn’t mean that we should all go out and try to make exactly $75,000 US a year – our so-called feel-good financial sweet spot. The studies are averages and we all need different things to be happy. But ALL of us find joy in some simple things — kisses, laughter, getting IDed after the age of 25.

Marketing professor Hal Hershfield once told me: “Even if I have an amazing car in my driveway, a huge house and a big fat income, that doesn’t necessarily mean that I’ll be happier on a day-by-day basis because the types of things that influence happiness are who I interact with, how I spend my time and the things that I do.”

Think of some of your happiest times in the past week. Were you spending it with people? Were you taking time to enjoy an activity, going for a run or catching up with a good friend? Would a wad of cash have made those moments that much better?

Probably not. If you answered “yes” to the latter question, how much more then do you need to be happy? Read on.

Table of Contents

  • Introduction


    • 1: Banking on Happiness

    • 2: F*ck the Joneses

    • 3: More Stuff? Stuff It

    • 4: Buying Happiness (For Real)


    • 5: Watch Your Friggin’ Language

    • 6: Worries B-Gone

    • 7: Your Default Settings

    • 8: Sorry Not Sorry


    • 9: Train Your Happy Ninja

    • 10: Invoke the Dollar Lama

    • 11: Invest in Bonds

    • 12: Eat Play Snooze


    • 13: Balance the Bills and the Thrills

    • 14: Check Your Worth

    • 15: Goal Digger


    • 16: Save Right

    • 17: Make That Money Work

    • 18: Make the Silver Fox Happy

    • 19: Hooking Up with a Financial Advisor


    • 20: Show Me the Money

    • 21: Happy Hustling

    • 22: Couch Cushion Cash


    • 23: Debt: The Big Killjoy

    • 24: Bulletproof Your Happiness


    • 25: Give to Get

  • Happy Ending

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