More money snag
Making more money won’t help you like your job more – after a certain point money doesn’t make you any happier. This Science of Us article argues that getting paid to do what you love may mean that you grow to love it less, and if people are paid extra for their abilities, rather than the work itself, they may be more inspired.
How much would you cut your spending if your income halved? Would you raise spending by the same amount if you received a comparable boost in salary? This Bank Underground blog explains that actually people reduce spending in these cases more than they increase it. Potential reasons include uncertainty about future income, fewer assets and credit constraints.
Food for thought
Most people don’t think spending money on food or eating out is an important financial decision but because we do it almost every other day it adds up. A study finds that people who dine out frequently, including workers who eat out for lunch, struggle to control their budgets and often underestimate how much they spend every week.