Budgets: Let’s Take a Closer Look at the Category of Giving

Budgets: Let’s Take a Closer Look at the Category of Giving

We all know January is the perfect time for a fresh start. You may have already jotted down a few 2018 goals or made resolutions to get healthier and kick bad habits. Good for you!

In the spirit of fresh starts, let’s begin this year the way we ended last year—by giving! Take a look at your budget and your giving habits in order to think about ways to amp up the generosity in 2018.

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The Scientific Fact About Money That Makes You Happier

The Scientific Fact About Money That Makes You Happier

Toddlers aren’t exactly known for their sharing skills. They’re better known for their two favorite words: no and mine.

Maybe that’s why psychologists at the University of British Columbia decided to put their pint-size generosity to the test. During the experiment, toddlers received a pile of snacks and the opportunity to share with a puppet who “loved treats.” Time after time, they shared with the puppet.

In fact, they were actually happier sharing the treats than receiving them!

Another study by researchers at Harvard, UBC and Simon Fraser University tried this theory out on adults. Participants were given either $5 or $20 and asked to spend it by the end of the day. Half had to spend the money on themselves while the other half had to spend it on someone else.

Guess who was happier at the end of the experiment?

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2 Big Perks of Baby Step 7

2 Big Perks of Baby Step 7

You’re totally debt-free. You have no car payments, no house payment, no credit cards or student loans. Your retirement is well funded, and your kids have enough money for college.

Welcome to Baby Step 7 (also known as the good life).

It’s time to start enjoying more of your hard-earned income. Just remember, the point of the last Baby Step isn’t to escape reality. The point is to allow yourself some well-deserved freedoms in daily life.

How will you live and give like no one else?

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