The Surefire Way to Convert Money Into Happiness

This is article is such an eye opener. Although I consider myself a good financial manager, I still learned loads from this piece.

Momon says this is just the same-old wants vs needs concept, but I beg to disagree. I think what Martha Beck shows here is that wants and needs do not need to compete, and that there are ways we can still get want we want even if we do not need them. I also like how it helps us determine how much part of our income can we allot for each quadrant in the matrix.

Now, let me see how I applied the matrix into my wedding stuff, and how Momon and I can apply this to our finances as a couple. Please do read on.

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The Surefire Way to Convert Money Into Happiness
By Martha Beck
O, The Oprah Magazine | July 15, 2010

Long ago, so long ago that I was practically still a gill-breather, I noticed a magazine ad that claimed the average person earns $700,000 over an entire lifetime. I have no idea how they came to that number, but I never forgot the words splashed in big, bold letters across the page:

WHAT WILL YOU DO WITH YOUR $700,000?

I was lucky to encounter this question so early on, because it's lurked in my mind ever since, reminding me that I want to spend my life's earnings creating the most satisfying experiences I can. That might mean buying and using certain objects, paying someone for life-enhancing services, or donating to good causes.

This is a type of wealth management, but the wealth isn't money; it's happiness. And to reap as much of it as possible, I've come up with a little system to maximize the joy dividend in all my money decisions. This strategy may sound odd to actual financial advisers, but when I've ignored it—even to make what appear to be fiscally sound choices—my joie de vivre has declined. I've learned that sticking to my rules makes things turn out far better, and I'm hoping that if you adopt this system, it will work for you, too.

Discovery Weekend (Ros' Account)

Momon and I attended the Discovery Weekend last July 2-4. It is a marriage preparation workshop conducted by the aptly named Marriage Preparation Foundation, Inc.

Much of what Momon and I experienced during the weekend cannot be put into words. So I acknowledge that this account is completely inadequate in sharing what we have gained in the workshop. Still, I will try my best to write down some thoughts with hopes that you will also decide to invest in your marriage and partnership, the way we did, with Discovery Weekend.

Discovery Weekend (Momon's Account)

I have to admit that I had my doubts with DW. I felt that it was going to be a waste of time and money. There are many successful marriages that did not go through DW. I felt that we could use the money elsewhere since there are cheaper and less time consuming alternatives.

Also, guys have a hard time sharing their feelings, even to their partners. I’m not exactly the expressive type. So why pay for something that I don’t even like doing?

Another thing, Ros and I have been together for almost 9 years. What else is there to know about her? What else is there to talk about and share? I thought that this was going to be a useless exercise.

After the DW experience, I admit that I was wrong with my initial impressions. First, regarding the fee, the organization is nonstock and nonprofit. The money will be used for future DW and other outreach programs. For two night’s stay and plenty of food and snacks, the fee is reasonable. The experience is also, as cheesy as this may sound, priceless.

Regarding the sharing of feelings, you won’t actually share with the other couples. You will only share your thoughts and feelings with your partner. There is no other venue or opportunity to share your innermost thoughts like DW.

I found out that length of time as a couple is relevant with DW. Ros and I are together for almost nine years. During the weekend, we affirmed our past experiences. We revisited special moments and determined what made it special for us. We also shared with each other our expectations for our future as couple.

I would recommend DW to all couples getting married or having plans of getting married. This experience won’t change your life, but it’s a start.


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For more information, please visit: http://www.discoveryweekend.org/

Monthly Amortizations, Done!

Finally, napuno na ang chart! Imagine, a chart that was started in December 2007--that's almost 3 years ago; a chart that we go to every month logging on payments and always making sure it balances with the bank records and keeps with the prescribed wedding budget.

Puno na! Dati we got excited that it's at 50% or 60%, now it reads 100%!

We have 3 months to go. We have also each made 50% payments to our deficit (discussed in previous entry). Pag nakabayad na kami sa deficit, all the rest we'll be earning will go straight to savings or as addition to the start up money we need. Hay, this is a nice feeling. Nung una akala namin we're in trouble, ngayon... it's looking positive naman. I am so proud of myself and Momon.

We will keep this system of making monthly amortizations. It's a great way to discipline ourselves with money, learning to prioritize savings, and living within our means. Perhaps the first months/year will be difficult since it's both our first time to live completely, as in 100%, apart from our parents and not relying on them for dinner, water, electricity, etc. But we are together, and that's what matters. :-)