Money is not just a way for you to buy happy moments. It is a crucial tool for safety, security, and stability.
Studies have shown that money can buy happiness. In fact, your happiness increases with your income.
In other words, making more money was associated with feeling better on a daily basis and liking life overall.
The primary benefit of making more money is to serve as a buffer when negative things happen in your life.
Writing in a gratitude journal or exercising also has a big effect on people's happiness apart from money.
However, research shows happier people are more likely to perform better at work and earn higher salaries.
Regardless of how much money you make, taking stock of your finances will help you plan how to achieve goals.
Apart from creating a budget and tracking your spending, it is crucial to review your credit status on your report.
Knowing where you stand with your credit accounts can help you strategize how to get to your goals faster.