How Much Cash Do You Need To Be Happy?

How Much Cash Do You Need To Be Happy?
15 October 2017

Could you do with some extra cash in your pocket. Of course you could; who couldn't?!

But according to SunLife's Cash Happy report, an additional £167 per month is all the extra cash we need to be happy.

The Mirror reports:

Researchers found that while the average family has an average of around £44 a week in spare cash, the happiest people in the country have £82 a week to enjoy once the bills have been paid.

This means that far from needing millions to be 'happy', the average adult only needs to find £38 a week to be content - around £5.50 a day.

Ian Atkinson, of SunLife, said: “Does money make us happy? Well, our Cash Happy study shows that happiness and money are linked, but the good news is that it is spare cash rather than income that has the greatest effect on our happiness. It is even more encouraging to discover that you don’t need to be a millionaire for money to buy you happiness. Our study shows that if a household has any more than £507 a week in spare cash, there is no significant increase in happiness.”

I'm not too sure about this. When I was a kid, my Dad always used to say that having more money just means you spend more money. So I reckon if I had an extra £167 a month suddenly burning a hole in my pocket, I'd soon get in the habit of spending that little bit more, until the extra didn't really seem noticeable anymore.

Isn't the nature of life and finance that we'll just *always* feel like we could do with a bit more cash?

We'd love to hear your thoughts on this story. Do you think £167 would make a big difference to your life or sense of happiness? And if we could magic another few bucks into your bank account tonight, what would you spend it on?

Leave us a comment below or come and join the conversation over on our Facebook page.

2 comments

  • Claire C.

    £82 a week to be happy, as if :money_mouth::joy:

  • Anna M.

    How much cash do I need to be happy? Enough to pay all my bills and have some leftover for a rainy day.

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