How Money Really Can Buy You Happiness

1. Talking About Money Can Expose Hidden Feelings

It's impossible to know how someone feels every second of the day, but we probably all think we have a good understanding of the people we're close to. But people are capable of hiding how they feel about something or burying their discomfort until certain situations 'expose' them. Why does it seem like money has a way of doing this?

Both Irwin and Dunlap agree that "money is taboo," leading people to avoid conversations about it. "Data tells us that we are more likely to talk about any other taboo topic—sex, politics, religion, even death—before we’ll talk about money," says Dunlap. West agrees and says, "Money is like that one friend who’s incredibly helpful but totally untrustworthy—everyone likes what they bring to the table, but no one wants to talk about them directly." Did you think of someone specific? It's okay because I did too!

The problem is that money can make "hidden insecurities come out, old sibling rivalries rear their heads," and more, according to West. "Even something like 'who paid for what' can suddenly become a life-or death conversation," she says. It's strange because Irwin says a Wells Fargo study shows that "many Americans across all ages are worried about money," proving we're all thinking about it, despite our avoidance issues.

2. And Money Can Also Create Unease In Conversations

"When we don’t have open conversations about money, we’re left to navigate it on our own, which can keep us feeling underpaid, overworked, or unsure about our financial situation," Dunlap points out. She feels "discussing money requires a huge amount of vulnerability" which "isn't easy for everyone." You may have seen how other topics are swept under the rug by family members or friends based on reasons they're not ready to talk about.

Though Irwin believes saying something like saying, "'Here's what's keeping me up at night' or 'here's what my goals are' could strengthen connections," Dunlap knows that "shame, comparison, or fear of judgement" can cause people to remain tight-lipped about their finances.

If you've experienced a weird moment because of money or had to be the unfortunate witness of an awkward conversation, my apologies. It's not fun no matter who's involved because, unfortunately, "money carries layers of emotions, like pride and insecurity, that turn simple conversations into potential minefields," says West.

Dunlap says there's a silver lining if people are willing to be open, however. "The key is respecting each person’s comfort level, and encouraging openness if they're willing to meet you there. It’s not going to be perfect at first, but by starting to share more about your own financial experiences, you can start to break the cycle of shame and fear around money. You might be surprised at how quickly others are willing to open up too."

3. Making Assumptions About Other’s Money Status And Financial Situation Can Lead To Disrespecting Boundaries

No one's saying you should never lend friends money, but being mindful about the decision is worth noting. West feels "it's complicated" while Dunlap believes the issue "can be tricky." There's a chance a low-key loan becomes an expectation that you should dish out money every time someone needs help, even if you're trying to maintain your own bills. "Lending money to a friend is like sharing your Netflix password—simple in theory, but one wrong move, and things get weird," West forewarns.

Dunlap also says, "When you lend money to someone close to you, there's always the chance that you won’t get it back. You want to be mentally prepared for that! Otherwise, it can strain your finances and your relationship. The emotional toll can be just as heavy, as unpaid loans can lead to resentment or awkwardness." It's not unusual to hear about certain friends being unreliable in more ways than one after you've let them borrow something. Unfortunately, Irwin indicates this happens because some people "don't expect to give something back that they've borrowed."

Because of this, Dunlap thinks "it's best to avoid loans if possible." Should you decide to move forward with helping out a friend who's in a bind, make sure you're both in agreement about repayment and what to expect moving forward. West says "having clear terms" or "gifting a small amount if you can afford it" is like "buying their friendship insurance." The latter is something Dunlap agrees with because it "helps prevent resentment if they can't pay you back as planned." Plus, she feels it also "keeps the loan within an amount you're okay with potentially losing."

4. Lending Money Is A Slippery Slope That Can Lead To Distrust And Resentment

It's amazing how money can lead to a friendship breakup if boundaries aren't created or respected. "Money is a sneaky little devil who can push everyone’s buttons. It can cause resentment if one person feels taken advantage of or someone’s 'casual loan' becomes an epic saga of unpaid IOUs," West says. Not only that, but Dunlap knows "money can strain relationships between friends and family by highlighting differences in how we value it, expect to use it, or feel about sharing it."

Friends and family members shouldn't take each other's kindness for granted, but human nature is fickle at times. That's not an indicator that someone you love is a "bad" person, but they may feel like you owe them your time and money. However, Irwin says this isn't "de facto that that person is entitled." Still, Dunlap is more than aware how this can play out. "For example, it can lead to resentment if one person is always the one picking up the tab, while another might feel uncomfortable or indebted because they’ve been helped financially," she says.

On the other hand, it can show up a little differently in families. She adds, "Issues like unequal inheritance or constant requests for financial help can lead to deep emotional tension. Money can also become a tool for power imbalances, where one person feels in control and the other feels dependent, and that can mess with trust and respect."

When certain negative patterns show up in relationships, it can make people decide to take a step back from being available. "And once distrust settles in, it’s hard to shake; nobody wants to be 'that friend' who’s forever dodging a Venmo request or getting side-eye from relatives at every family BBQ," West points out. How many times have you built up a wall with the people you love because of repeated unreliability or the expectation that you're supposed to help them whenever they ask? If you didn't hesitate to think of a moment, you're living proof that distrust can affect even the closest relationships.

Dunlap says, "When money becomes a main factor in a relationship, it can overshadow the connection, making it difficult to maintain genuine trust and understanding. You can avoid this by having open conversations with friends and family about your financial situation. Clear communication can help keep the focus on the relationship, not the money."

5. You Can Worry You're Not A Good Friend Or Family Member For Setting Money Boundaries

Worrying about how other people feel can keep us from setting boundaries. There's a difference between being an empath and a people pleaser, but it's easy to blur the lines. You can absolutely empathize with someone's hardship while knowing you're not in the position to lend the amount they may be looking for. I'm a huge fan of saying that two things can be true at once — because they can.

Irwin says you need to "address the conversation head on" if a friend does ask you for a loan. Your response may depend on if their ask was "emotionally-charged or "in an uncomfortable environment," but Irwin doesn't recommend ignoring it. If you're not in the space to respond, here's what she suggests saying in a "timely" fashion:

1. "Hey, I need time to think about this. Let me get back to you."
2. "We can help you, but here are our boundaries."
3. "We see and understand you, but we're unable to help because we're trying to pay off debt or save for _______."

Yes, Financial Boundaries Are Essential

Don't think you need to create financial boundaries for yourself and your friends? Think again. West says, "Establishing some ground rules is a lifesaver—think of it adding airbags to the friendship. Setting boundaries early on, like when you’re still in the happy, non-monetary part of the relationship, can protect both sides if things get sticky."

Here's how she advises you proceed with creating boundaries:

1. Keep it light and be honest; you’re not making a prenuptial agreement here, just letting them know you’d like to avoid “financial fireworks” later.
2. Say, “I’m your friend, not your ATM.” It’s funny but helps set the tone that your wallet isn’t a free-for-all.
3. Set a gift cap, such as, "I'm happy to chip in for brunch or a birthday, but let’s not get into home-loan territory.”
4. If you do lend, draw up a repayment plan. Think of it as adulting with a side of accountability to avoid “accidentally” becoming their financial fairy godmother.
5. Limit talk of big financial choices unless you’re genuinely invested together. After all, nobody needs to know how much their friend spends on avocado toast or scented candles, let alone home renos.
6. A little humor and some boundaries go a long way. You’ll save yourself a lot of awkwardness and keep the friendships intact, one “non-loaned” dollar at a time!

Tori says, "It's so important to have transparent conversations about money, set clear boundaries, and ensure that relationships are prioritized in any money exchange." Here are a few things you can try:

1. Communicate about your budget with a “gratitude sandwich.” Say you’re invited to an outing—a dinner, or a sports game—that isn’t within your budget right now. You can respond with the “gratitude sandwich.” The “pieces of bread” are positive, and the “meat” is the money thing you’re scared to say. Thank that person for the invite, let them know it’s not within budget right now, and then offer a cheaper alternative, reassuring them that you’d really love to see them. Offering an alternative reminds that person that declining their invitation isn’t about them, and you still care about them. In doing so, you prioritize your budget AND your relationship in the process.When in doubt, remember that no is a complete sentence. You don’t need to overcomplicate things, and sometimes a simple “no” is all you need.
2. Set expectations early. When planning trips with friends, discuss the budget and how costs will be split upfront. Having these conversations ensures that everyone is on the same page and helps avoid any misunderstandings. It creates a supportive, stress-free environment where everyone can enjoy the experience together without any added worries!

The Final Verdict:

Once you've weighed your options and considered what you need, you can decide to loan your friend money. However, Irwin wants you to consider being formal about it. "You can absolutely draft a promissory note or loan agreement so that your friend knows how serious you are about your boundaries. If you want, you can also put an interest rate on it," she says.

It's not to hurt your friend's feelings, but it is a boundary you can put in place so they think to themselves, "This is truly a loan because I'm borrowing money with the intent to pay it back," Irwin says. It could change the dynamics of your friendship, but it's more about being "purposeful about the language being used" so you and your friend can both move in the "right direction," according to Irwin.

If the idea of creating a 'loan agreement' sounds icky to you, Dunlap wants you to seriously consider it as "an extra bit of protection." She says all you need to do, again, is "try setting up a simple contract to outline repayment terms" because it "can help both of you stay on the same page and avoid misunderstandings down the road."

Her ultimate piece of advice? "Only lend what you're comfortable giving and potentially losing, and keep open communication to maintain trust and respect in the relationship."

How Do I Pay Off Credit Card Debt?

If you're serious about reducing your debt, you'll have to cut back on your nonessential spending by setting a realistic monthly budget for expenses like dining out or entertainment. Come up with a payment strategy that works best for you and your current financial situation. For example, focus on paying off the card with the highest interest rate first while making minimum payments on others. Once the highest-interest debt is cleared, roll that payment into the card with the next highest interest rate. This approach reduces the overall interest you pay and can help you become debt-free faster.

What Is A Debt Snowball?

A debt snowball is a debt repayment method where you focus on paying off your smallest debts first, regardless of interest rate, while making minimum payments on larger debts. The debt snowball method is popular because it builds momentum and motivation, giving you a psychological boost as you see debts disappearing one by one. Once the smallest debt is paid off, you take the amount you were paying on it and apply it to the next smallest debt. This creates a "snowball effect," where your available payment amount grows as each debt is eliminated, helping you pay off larger debts faster over time.

How Do I Get Out Of Debt?

When it comes to getting out of debt, the method that works best for you might be different than what works best for someone else. To get started, list all your debts, including balances, interest rates, and minimum payments. This gives you a clear picture of what you owe. Analyze your income and expenses to see where you can cut back and direct any extra funds toward your debt. Avoid new debt: Shift to a cash or debit-only system to prevent accumulating more debt while paying off what you already owe.

There are a variety of factors, from financial situation to income to dependents, but no matter what your life look like right now, here are some realistic ways to help you conquer your debt.

Create An LBD (Little Budget Library)

A little budget diary is a way to take stock of all your monthly and annual expenses, such as subscriptions, streaming services, and groceries — and write them all down in your LBD, says Brit + Co's Money School instructor Nicole Lapin. "You'll reference this all year — weekly is best — so you'll want to start off on the right foot with an easy-to-reference LBD. Don't make it hard. It's an easy task that will help you get organized quickly," she says.

Be Realistic About Your Expenses

"Do not be aspirational with your numbers," says Skye Kelly. "Pay attention to how you ACTUALLY live and how you ACTUALLY spend and work from there." Track your expenses for a month to create an accurate budget, review your paycheck and follow the 50-20-30 rule. These are the percentages you should spend on essentials, your future, and your lifestyle (non-essentials) with the goal to live within your means and eventually start saving and investing.

Check out Brit + Co's Teach Me Something Newpodcast with finance pro Tonya Rapley for breaking out of the paycheck-to-paycheck cycle.

Set Your Sights On Big Goals

Whether it's that dream bucket-list trip or a buying your first home, think about what your long-term goals are and think big when planning a budget. "When we are committed to a massive financial goal (retiring early and traveling the world with your life partner) suddenly the decision between roses or calla lilies as a wedding bouquet seem meaningless, and we are more inclined to find ways to spend less so we can meet our long-term financial goals," says Skye Kelly. She adds: "Create a budget for the milestone, stay resourceful and use points, seasonal sales, and help or hand-me-downs where you can."

Check out Brit + Co's Teach Me Something New podcast with The Points Guy for credit card tips and travel hacks.

"Spring Clean" Your Finances

Take a moment to organize your expenses. Dedicate a weekend afternoon and delete unused subscriptions, close and consolidate accounts, check in with your savings and retirement plans to make sure they're working for you, reduce auto-renewals, and unload credit card debt byconsolidating them into a single low-interest personal loan. It will feel as good, if not better, than spring cleaning your house, plus think about the money you'll have saved in that afternoon.

Find Your Side Hustle

Beyond just reducing your expenses, look at ways you can increase your income so you can start saving andinvesting to grow your wealth. "Increasing income might look like side jobs, part-time employment, creating an income stream, selling clutter around the home, or creating a product or service that meets the demands of the marketplace," says Skye Kelly. Look at selling clothes on resale sites, having a garage sale come spring, selling books online, starting an Etsy shop if you have a creative interest... anything that will add some extra cash in your pocket each month.

It's OK If It's Not Perfect

"Because budgets are rooted in math, we tend to see everything as right or wrong, which *shudder* brings up a lot of grade-school math class shame for many of us," says Skye Kelly. "If you plan your budget at the beginning of the month and at the end of the month it was only 80% accurate, you are likely killin’ it financially. I’ve asked hundreds of financial experts over the years ‘how many times did you get the budget exactly right?’ and every single answer has been ‘zero times.’"

Avoid Making Money Decisions During Hard Times

Mental wellness plays a big role in how we view our expenses and often we can make decisions in order to make us feel better (retail therapy, anyone?) instead of making healthy long-term financial decisions. "Having a line item in the budget for guilt-free spending is critical if you can afford it," says Skye Kelly. "This guilt-free spending money is there for times you want to splurge even though you might not be able to justify it."

Skye Kelly says it's best to avoid major financial decisions if you can for at least 6 months:

• After a significant death or when you are grieving
• While you or a loved one are experiencing a critical illness or at the onset of a new disability
• After a major breakup or divorce
• When you’ve entered into a new romantic relationship
• If you’ve been diagnosed with or suspect you have a mental illness and are awaiting treatment

"During these times we are highly likely to make emotional or impulsive decisions. Give yourself time to regulate some of the higher intensity emotions that might be driving the urge to spend."

Curious about crypto? Check out Brit + Co's Teach Me Something Newpodcast with finance pro Nicole Lapin for a primer on how to make your first crypto investment.

My Favorite Face Moisturizers For Dry Skin

Kiehl's Ultra Facial Cream

I've been using Kiehl's Ultra Facial Cream for the past 3 years and it's been a miracle for my confused skin. IMO, it's not greasy despite having a richer texture than I'm used to. It actually feels soothing to me and I think that has everything to do with the 4.5 percent Squalene and Glacial Glycoprotein that's in it.

I typically use a hyaluronic acid serum in addition to this, but this facial cream is my go-to moisturizer.

Why Other Customers Love It

Other customers have a lot to say about this thick moisturizer, but the standout Amazon reviews are:

• "By profession I'm a cosmetologist so have decades of experience not only with hair products, but also with those concerning skin care. I've tried almost every item on the market and this is my favorite. It isn't heavy, yet provides plenty of moisturization. My face feels so soft! I'm a senior citizen and my skin tends to be dry, but just a little of this smoothes and hydrates it. You don't even need a primer. Makeup glides on."
• "This is the only moisturizer that doesn’t break out my extremely sensitive skin. I have rosacea and other products burn my skin and make my face even more red. I’ve been using this and it’s the only thing I can use."
• "This moisturizer feels great on the skin! I have mixed oily and dry skin and it has done so well. I recently switched from Tula to this brand and I have not regretted it. It does not cause breakouts and I feel like my face is hydrated the whole day. i would definitely recommend."
• "Nice product that gives some sun protection. A little thicker consistency than regular moisturizer but the convenience of not using sunscreen for daily errands. My DIL gave me this once for a birthday & I have been using ever since."

La Roche-Posay Triple Repair Moisturizing Cream

Okay, this moisturizer is a little pricier than the others I've mentioned, but it's La Roche-Posay! If you're looking at me with a blank stare, I'll do my best to explain. This is hands-down one of the best skincare brands I've come across in my 30s because a handful of their products have a seal of approval from the National Eczema Association.

It has shea butter and niacinamide in it, which are double threats against icky environmental elements that cling to dry skin. Plus, you can use it on your face, body and hands!

Why Other Customers Love It

Here are some of the best reviews on Amazon about this luxurious moisturizer:

• "This lotion has literally no fragrance. It leaves my skin feeling soft with a subtle glow without being greasy. It is also extremely hydrating. I have very sensitive skin, and the fact that babies can use it too is what made me decide to try it."
• "The first application was wild. It’s thick and feels pretty slippery on the surface. But the next morning, I didn’t want to stop touching my face. The flakes became way more manageable and allowed me to continue the retinitis treatment. I’ve been using this for a few weeks, and my skin texture has improved tremendously. It is great that you can use it on your body as well. I lather it on at night and then put a very light layer on under my sunscreen in the morning. It doesn’t make me look greasy if I let it soak in before applying makeup."
• "It instantly alleviated my dryness, leaving my skin radiant, glowy, and remarkably hydrated. As we transition into the winter months, I’m confident this cream will be a lifesaver against the harsh, windy weather we often experience in the Midwest."
• "As someone with sensitive and acne-prone skin, this has been a game changer. I can't imagine going without this product since starting tretinoin and tazarotene. I use it as a final step in my routine to seal in moisture and any active ingredients. La Roche-Posay has consistently made sensitive-skin-friendly products. I'm not sure how you may react to the high shea butter content, but my skin doesn't seem to have any issues with it. The thickness is unlike any lotion I've tried. 10/10 would recommend."

Olay Complete+ Rich Moisturizing Cream

Having sensitive skin isn't a death sentence for your face. It just means your skin is picky and only wants the best products to touch it, so technically it's like having a superpower. If you're still not convinced, let Olay's Complete+ Rich Moisturizing Cream persuade you.

It has vitamin B3, vitamin E, and ceramides in it that work together to provide all day hydration. Also, these powerhouse ingredients work together to promote healthy cell turnover so your gorgeous moisture barrier is in tip-top shape. P.S. It's recommended by the Skin Health Alliance.

Why Other Customers Love This Facial Moisturizer

Check out what these Amazon customers had to say:

• "I have extremely sensitive skin and this doesn't irritate my skin. I've tried and given up using many products (I'm 71). This cream makes my skin (face and neck) soft and hydrated. I use it several hours before bed and again in the morning. I alternate using it with another face skin care product."
• "I find this to be every bit as moisturizing, creamy, and long-lasting as any of the more expensive face creams that are all the rage these days. I have tried many of the face serums, creams, and lotions and do not think any of them work any better than this Olay Face Cream."
• "My mom used Olay products and her skin was immaculate! I started using it in my 30s and switched to other more popular, more expensive brands. I should have never stopped using it. I love this new moisturizer too! It feels amazing and makes my face look so smooth! I'm back Olay!"
• "Tried this because my husband’s dermatologist has the most beautiful skin. I asked the dr what he used and this was it. After using so many different moisturizers for years I always had red rough skin. Now after all these years the redness is gone!! Its definitely worth giving it a try."

My #1 Favorite Body Moisturizer For Dry Skin 

Palmer's Shea Formula Body Lotion

Since it's a little colder, I need something that's going to keep my skin moisturized without triggering eczema flareups. One of the top moisturizers that gets the job done is Palmer's Shea Formula Body Lotion.

I personally opt to get the value size of this because it lasts a little over a month for me. Why? Well, a little goes a long way because this dermatologist-approved formula is thick. But once I rub it into my skin, it provides the silkiest shine I've ever seen. Besides shea butter, it has Marula, oatmeal, grapeseed oil, and vitamin E in it to provide the radiance I love so much.

It's usually $16 on Amazon, but it's currently on sale for $13!

Why Other Customers Love It

According to Amazon, over 5,000 customers have purchased Palmer's Shea Formula body lotion this month. Also, it has a 4.6 rating which means I'm not the only one who loves using it. Here's my favorite 5-star reviews:

• "As someone who battles dry skin year-round, finding a reliable moisturizer has always been a challenge—until I discovered Palmer's Shea Formula Raw Shea Body Lotion. This lotion has been a game-changer for me, and I'm thrilled to share my experience."
• "The smell of this is amazing, makes my skin silky and smooth. great everyday lotion & the smell is subtle enough that it doesn’t overwhelm when I put my perfume on. My skin is plenty hydrated using this and I don’t notice any stickiness once it dries down."
• "So we are on our 4th bottle now. Loving the product? Yassss!"
• "We live in far Southern Az, where it is extremely dry (except during the monsoon). So we have had to start using skin lotions to make our skin feel better. This stuff is really great! And it lasts quite awhile."

Another Body Moisturizer I Love Using For Dry Skin

Aveeno Skin Relief Moisturizing Lotion

If I feel like switching things up, I'll buy Aveeno's Skin Relief Moisturizing Lotion. It has a triple oat (oat flour, extract, and oil) and shea formula that work wonders for anyone who knows how it feels to have dry skin you suddenly have to scratch all the time. It's basically tough on things that cause dry skin, but gentle on the sensitivity of it!

Why Other Customers Love It

This lotion actually has a slightly higher rating than Palmer's and has been purchased over 6,000 times this month. The only reason it's not my first go-to is because I have fond childhood memories of Palmer's. Aside from that, Aveeno is pretty d—n amazing!

Customers are saying:

• "My derm recommended it, my skin is now so soft, not dry anymore as long as I keep applying daily."
• "Love this lotion. I am super sensitive with lifelong relatively dry skin, and also super picky about my lotion quality and what I need."
• "I've tried high end lotions and they have nothing on this stuff! This lotion is incredibly soothing, providing instant relief and long-lasting hydration that keeps my skin feeling soft and smooth all day. The formula is gentle, fragrance-free, and absorbs quickly without leaving any greasy residue, making it perfect for daily use. I’ve noticed a significant improvement in my skin’s texture and overall comfort since I started using it."
• "I’ve tried so many - This is the Only lotion that keeps the moisture in my skin. I put it on in the morning and my skin is still soft and dewy at night and even the next morning."