Is happiness truly something that money can buy?
According to a survey by Expensivity–a consumer website that covers the ins and outs of money, how to spend it, and where to invest it–Filipinos require at least P110,000 a month to be happy.
What makes Filipinos happy
It's important to comprehend how Filipinos view happiness. For many, it encompasses more than just material belongings; it also includes ties to family, the community, and a feeling of purpose.
However, to survive, one must have a minimum income to pay for necessities like food, shelter, healthcare, and education. Financial security also reduces the stress of having to pay for necessities, paving the way for happiness.
Up to a certain degree, income and happiness appear to be correlated, based on research. The additional pursuit of wealth beyond fundamental needs may not always make a big difference in happiness.
Striking a balance
The capacity to achieve one's financial and personal objectives is also linked to happiness. Having the resources to realize goals, whether they involve travel, home ownership, or education for kids, enhances one's sense of contentment in general.
The quest for happiness involves striking a healthy work-life balance and financial gain. Understanding the value of recreation, family time, and personal fulfillment greatly impacts life happiness in general.
Making experiences a priority over material belongings can increase pleasure by highlighting the value of spending valuable time with loved ones. Moreover, improving financial literacy is essential to helping Filipinos make wise financial decisions.
