Itâ€™s so easy to get caught up in the daily grind of our fast-paced world. Sometimes it can be tough to appreciate whatâ€™s right in front of you.
Around Thanksgiving, thankfully, we are often forced to pause and reflect. To think about all that we have, and what we are grateful for. Itâ€™s a good thing. In fact, quite a bit of research suggests that slowing down to recognize what youâ€™re thankful for can improve your emotional and physical well-being.
But what about your financial health? Can gratitude beef up your bank account? Turns out that it might. Hereâ€™s why:
You might just spend less.
Research has found that reflecting on what youâ€™re grateful for can help make you less materialistic. And the happier you are about what you have, the less likely you are to waste money on â€œretail therapyâ€ â€“ buying new things you donâ€™t need just to help make yourself feel better.
A better chance of success.
The same study found that a sense of gratitude can inspire you to take a step back and examine a problem with a fresh perspective. This can help you be more focused, creative, and productive â€“ all traits that may bring about greater success. After all, who wants to work for someone whoâ€™s grumpy and ungrateful?
The happy factor.
Yet another study found that self-described â€œhappyâ€ teenagers had greater life satisfaction at age 22 and earned more money by the time they were 29. And a Psychological Science article cited by Today noted that thankfulness can trigger financial patience â€“ the ability to resist short-term gratification, so you can hold out for long-term monetary gain.
So there you have it. A lot of studies! But they all point to the benefits of being grateful.
Building up your gratitude muscle is good for you. Whether itâ€™s Thanksgiving, New Yearâ€™s Eve, or any holiday â€“ stopping to appreciate what we have can help in a lot of ways. Of course, itâ€™s suggested that we do it more often â€“ even nightly.
How do we do it? Well, some people write what theyâ€™re grateful for in a notebook. Others use apps or meditation. Whatever works for you. But by building a gratitude regime into your daily routine, you may find that as your happiness increases, your bank account balance does as well. And hey, at the very least â€“ it just feels good.