I don’t have many boring friends. With my closest friends, there are no topics off the table – finance, politics, and sometimes this blog. When I tell them that we spend less than $40k a year and still get to do everything we want, they believe that’s how I feel. The most common response I get is, “That’s great for you, and I might be a little jealous, but living like that isn’t something I could do.”
We are all being honest, and I can understand when they say “I like being able to walk into a restaurant or bar and order anything I want.” I’ve heard this same phrase from several friends, and I used to be the same way. I remember when happy hours were my reward, and I spent money without additional consideration. Now I consider the value of any purchase I make, and I’m happier for it, even if it seems like a pain to some friends.
I tell them to chalk it up to hedonic adaption – more money doesn’t make you happier. But after studying a bit more about hedonic adaptation, I realized there is more to it than just the part about money. Continue reading