Our financial priorities tend to change as we move through life. The good news from AMP’s 2018 Financial Wellness Indexi is that only 7% of Australian retirees aged 65 or over report being stressed about money. So if you’re feeling the pinch earlier in life there is light at the end of the tunnel.
Spending more than what you intended on is a familiar scenario for many people entertaining kids, whether that’s at the movies (you swear you’re bringing your own Maltesers and drink next time), or sporting events (where you often fork out more on hot chips than you do on the tickets).
If managing life's everyday complexities only seem achievable when you're daydreaming about the chef, cleaner, personal assistant or nanny that you don't have, you're probably not alone.
This is the view of Dr Michael Norton from Harvard Business School. Michael's research indicates that money can indeed make you happy if you use it to buy experiences, time, or invest in others.