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CAN MONEY BUY happiness? We’re often told that it can’t, but as Bo Derek said, ‘Whoever said money can’t buy happiness simply didn’t know where to go shopping’.
While that’s a bit flippant, there is an element of truth to it – there has been a lot of research around money and happiness and it’s been found that it’s not how much money you have necessarily, but how you spend it that counts. And even more than that, how you save it.
According to a survey by a US bank, there is a strong link between saving money and happiness. The survey found that of people who had a savings account, 38% felt extremely or very happy. Only 29% of those without a savings account felt that way.
According to the survey, 84% of people felt that having savings boosted their sense of well-being and life satisfaction more than eating healthily, work satisfaction or regular exercise.
Here are the reasons why people said having savings made them happier:
So, should you save every penny you earn in order to be happy? Absolutely not. It’s all about…
Research has also been conducted around spending money and happiness. According to Elizabeth Dunn, who wrote a study (with Lara Aknin and Michael Norton) called ‘Spending Money on Others Promotes Happiness‘ which she then expanded into a book, ‘Happy Money: The Science of Smarter Spending’ (with Michael Norton), money can buy happiness – just not the way you think.
It’s not just about what you buy, but how you feel when you buy it. So buying a one-off large purchase (such as a car or expensive item of furniture) may not give you as much satisfaction over the course of its life, as buying multiple €3 coffees and spending time with friends over the same period of time.
According to the research there are five core principals of smarter (and better) spending:
Human beings are rewards-oriented animals and tend to live our lives (unless you’re very Zen) striving for the next bright and shiny thing (or pay rise) that will make our lives better. More often than not the things that we strive for are, in fact, objects. So a new house or car rather than a holiday or even a weekend away. But research has shown that buying experiences can make you happier than buying things.
Whether you buy experiences or things may actually depend on your personality and spending in the ‘right for you’ can also increase satisfaction.
Another study by researchers at the University of Cambridge, analysed 77,000 financial transactions of 625 participants, and found that there are five personality traits (the ‘Big Five’) which correlate to people’s spending habits. So, if you’re a highly extroverted personality you’re more likely to spend more on nights out in the pub, while conscientious people are more likely to spend more on health and fitness, and so on.
If all that wasn’t incentive enough to save, how about the fact that a survey of 2,500 people has found that saving even £50 (approx €59) per month has a direct impact on mood and state of mind? No matter how much money you’re on, making an effort to save some of it, and seeing it grow over time, contributes significantly to peace of mind and feelings of stability. And who doesn’t want that?
Everyone knows saving money can be challenging, but there’s persuasive evidence that it can help happiness levels in the long run.
Whatever your current spending habits, the long-term savings at Electric Ireland are always there for you. Electric Ireland are offering loyal customers rewards for staying with them – a yearly saving of 8.5%. Stay happy with Electric Ireland, the energy provider that’s here for you long-term.
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It should be banned.. Too many greyhounds suffer because of this trade . The mass graves around the country prove that there is no love for the animal here. It’s all about money. These greyhounds are a living breathing creature. Amount of greyhounds needing homes in this country is very high and they are complete pets. Don’t support this industry. It’s a cruel one
Totally agree, so many dumped bodies of Grey Hounds found here in Limerick and no one to answer to it. Our local Animal shelter is full of them, a lot are extreme cruelty cases. Usually the dogs ears are cut off so the authorities cannot identify the owners tattoo/ Brand that racing dogs are given.they suffer so badly after they no longer win races. Should be banned end of story.
My posts with facts are being removed, but please look the stats up – how many greyhounds are killed in pounds, how many dumped, how many estimated killed and dumped. In just one year on a small island. And then make your decision if this industry is worth supporting in any way.
Just know when you go the track that the few select greyhounds in the trap, came from mass breeding and the other dogs who didn’t meet the grade get dumped.
You bet they die!
And they make great pets! I know first hand! Rescue a pointy!!!
Derby was held last week..not standing room at shelbourne park..packed out. Brilliant sport. Ya always have the doom and gloom club.
Are you involved in rescue???Coz I presume you don’t so therefore the doom and gloom club are most likely the people picking up the horrible pieces to this industry. And the ones going to these places are the ones keeping it going… Do you even know half of what goes on in this seedy business?
Systemic problem from Alabama to Limerick!! It’s not an isolated incident and to think so is just delusional.
The statistics for Greyhounds destroyed in Ireland don’t even have to be released! Strange that! I wonder why? All the pounds release the figures for other breeds.
But sure who cares once a couple of fat guys have a flutter and add to their beer bellies at the track right?
http://www.greyhoundfriendsforlife.org/press_release.htm
http://www.thejournal.ie/mass-grave-for-racing-greyhounds-discovered-in-limerick-413486-Apr2012/
Amazing, I provided stats for how many greys are killed in pounds and my posts were removed.
Can the journal please explain this as I seen your posts ! Put the stats back on the comment section.
Hi Gastrophase – stats on the number of greyhounds being killed in pounds are fine, but personal comments about those involved in the industry are not. Here’s our comments policy if you want to have a quick read: http://www.thejournal.ie/comments-policy/
427 greyhounds killed in 2013 in pounds alone. Huge numbers dumped into overflowing, stretched rescues. Who knows how many killed and buried… reports of mass graves. Dogs dumped in the fields with their ears cut off to remove ID tattoos.
See section on greyhounds: http://www.animaladvocacy.ie/pound-statistics-2005-2013/
If I’m not allowed to name such practices please everyone arrive at your own conclusion as to what kind of person does this and what kind of person associates with them.
If you want to make a difference please support a greyhound charity instead.
Just because a small minority treat greyhounds badly doesn’t mean you can brand the whole industry cruel. If that was the case you should ban people from having pets just because some ignorant people treat their pets badly. Prosecute the individual don’t punish the whole group
John, this is usually a noble sentiment I often tend to agree with, but if you compare the number of greyhound racing owners in Ireland and the huge numbers of dogs killed/dumped I quoted, it’s easy to see that far from being an exception, the cruelty seems to be widespread and the industry is demonstrably either unwilling or incapable of purging itself of such owners.
I totally agree with you modern day Ireland
‘Modern Day Ireland’, and others that have commented. Thank you,it’s good to see people tell the truth about this so called ‘sport’. When those that claim this is humane etc realise the truth behind the marketing nonsense, they too will realise what cruelty and abuse is involved. Look at the countless videos on YouTube that show the truth behind this money making business, and you too will, I hope, realise there’s only one thing that drives this industry… Money, no different to $eaworld in the US and circuses forcing wild animals to perform tricks in a tent with loud music and screaming ignorant people applauding. The wilful ignorance of certain members of the human race never fails to astound me. ‘It’s all about me, I don’t care about the animal suffering, once I have an enjoyable day out at their expense’. Lovely sentiment!
“…Joe Lewins said the partnership was a “win for all involved”…” yep all except the dogs! Here’s an example from just this week of the cruelty commonly inflicted, this greyhound was lucky enough to end up at Deise Animal Sanctuary http://goo.gl/yzQKG1 & http://goo.gl/4EsVvr
The greyhound industry as a whole is vile and cruel. Between doping the dogs to manufacture the odds, and the murdering of countless dogs every year because they are deemed useless, numerous cases of greyhounds ears being cut off when they’re dumped so they can’t be traced, and most recently a hound had its tattoo burned off with acid… it’s absolutely disgusting. The sooner it is outlawed the better. People need to wake up. The rescue centres are on their knees trying to clean up the mess the igb have created. If people want to watch racing, or bet on a sport try formula 1 or football, and don’t bet on an animals life…
Hare coursing is the worst scandal affecting the greyhound “industry…and the government blithely supports it. On August 13th, the minister for arts and heritage was quoted in the media, and on her department’s official website, as condemning the illegal shooting of a protected peregrine falcon. She stated “It is intolerable for birds of prey and other wildlife to be persecuted, poisoned or shot.” She also expressed concern that the incident might impugn our international image as a nation that treasures its wildlife heritage.
Less than forty eight hours later, Minister Humphreys issued a license permitting the capture of hares for coursing, in which they will serve as live bait for greyhounds. Thousands of the timid creatures will be netted in the Irish countryside. A percentage will die as a result of bone breakages and other internal injuries sustained when they become entangled in the nets and struggle to break free.
Some hares will die in captivity- an unnatural situation for an animal accustomed to the freedom of the wide open spaces. Others again will be found dead in the small cramped boxes in which they are transported to the coursing venues. And on coursing day a percentage will be mauled or forcibly struck by the muzzled but hyped-up greyhounds.
The minister issued the hare coursing license despite numerous appeals from animal protection and conservation groups not to do so and several online petitions that attracted thousands of signatures from people around the world. It would appear, to paraphrase one of the characters in Orwell’s Animal Farm, to be a case of “Two claws good, four legs bad” as far as the minister’s attitude to our wildlife heritage is concerned.
I think I can safely predict that hare coursing will be banned SOME DAY in Ireland. It amounts to a form of deliberate cruelty to animals in the name of “sport” and has no scientific or pest control value. It has already been banned in several jurisdictions that once allowed it, such as Australia, New Zealand, Scotland, England and Wales, and most recently, Northern Ireland.
I also predict that a future government here, after banning it, will apologise for the fact that such a barbaric practice took so long to abolish. Where would we be without the good old Irish government apology that comes late in the day… when it is safe to render and won’t cost a single vote?
In the meantime, the hares must continue to run for their lives thanks to our present crop of cowardly politicians.
Anyone reading this who believes this vile , cruel and ignorant sport is about the dogs needs to wake up, the majority of greyhound trainers and owners in this country dont give a toss about the dogs … Look at the figures , its all about money, thomas Brophy , wakey wakey do you not see the disgusting images and stories carried here and on other social media re the plight of greys in this country ,
Ban greyhound racing , disband the IGB and close the tracks. , then maybe the dogs will have a chance.
Clearly plenty people here have bigger gobs than any actual real knowledge about anything to do with greyhounds. Plenty people who have greyhounds treat them very well just like any other family pet. Just because some people are heartless and couldn’t care less about the dogs or anything doesn’t mean the other 99% them should be treated with the same brush!
Well statistics show another side to it… Do you race your pet??? I know plenty of greyhound owners who are fantastic owners they do not race them.. Have you every had to pick up a poor beaten down soul abandoned in the middle of no where or witness one being dumped out of a car. These dogs are getting an awful doing just educate yourself with the rescues .. We are voicing our concern of what the gambling industry has done to these beautiful creatures and how man does not view them as anything but a quick bet. There are mass graves all around the country. This industry is not good for the welfare of the greyhound. They serve their purpose and then that’s it.. Most don’t have a good life after this… So if you love your greyhound like a pet you will understand why we are frustrated at this old sport still equals countless of abuse cases…
Stop there only dogs here for our fun nothing else
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