THE BLOG
05/08/2014 08:29 pm ET Updated Dec 06, 2017

Who Knew? Being Grateful Is Good on the Budget

A study found that gratitude and materialism are inversely related. In short, this means that people who have a high level of gratitude were more likely to have below-average cravings for material things.

Learning about this study came at a good time since my husband just texted me his ailing car needs $605 worth of mending.

Breathe deep, I told myself, and keep that mantra of yours on gratitude.

Kidding aside, there is something to this study because I found the same thing when I did my 30-day challenge, endeavoring to be grateful for 30 days straight despite the obstacles of everyday life.

When I reached the finish line, I realized having a daily gratitude practice was key to my happiness, while having stuff - even nifty gadgets - was inconsequential to my happiness.

With this in mind, gratitude makes good economic sense for the budget-minded. Give it a go. Develop a daily gratitude practice and see if you save any hard cash.

Gratitude may just be the best financial plan of all.

Check out our inspiring video at www.gratitudereport.com.