Quality of Life: What Is It?

Many financial decisions heavily factor in quality of life, a highly subjective indicator of pleasure. The elements that contribute to one's quality of life might vary depending on personal preferences, but they frequently include things like safety, health, happiness at work, family life, and financial stability.

When making financial decisions, it's common to have to make trade-offs between earning more money and saving more money. On the other hand, spending more money can result in a higher quality of life.