Have you ever heard of hygge?
The concept of hygge has been around for centuries, but it has recently resurfaced as a popular lifestyle trend. In fact, the word hygge was on the short-list for Oxford Dictionary’s Word of the Year in 2016.
So, what does hygge mean? While it can’t be directly translated into English, this well-known word in Denmark loosely means “coziness.” It’s the practice of slowing down and prioritizing time spent with the ones you care about and doing more of the things you love the most. Incorporating hygge into your life can help you find more joy, but it can also improve your finances.
Read on to learn more about how practicing hygge can help you can spend less, save more, and prioritize your financial future.
Does hygge lead to happiness?
Hygge is a Danish concept (pronounced hoo-ga). According to Visit Denmark’s website, hygge is described as “creating a warm atmosphere and enjoying the good things in life with good people.” Visit Denmark goes on to say: “The warm glow of candlelight is hygge. Cozying up with a loved one for a movie – that’s hygge, too. And there’s nothing more hygge than sitting around with friends and family, discussing the big and small things in life. Perhaps hygge explains why the Danes are some of the happiest people in the world.”
And they must be onto something. Denmark has been named one of the happiest countries in the world for the last four years, according to studies done by the World Happiness report.
So, it certainly doesn’t hurt to incorporate some hygge into your daily life.
What does hygge have to do with your finances?
The concept of hygge means trying to find joy in the little things in life – and usually those things are cheap or even free.
You don’t need a fancy lifestyle in order to be happy. You don’t need an enormous house, expensive cars, or luxury vacations to find joy or peace. You can find hygge by slowing down, taking in the moment, and spending more time doing the things you truly love.
How to embrace the concept of hygge this year
There are dozens of ways you can incorporate hygge into your life – for free. Here are a few tips to get you started:
Stay in instead of going out
You can have just as much fun spending an evening at home as you can going out to a fancy and expensive restaurant. So, try having a hygge-ful evening by lighting the fireplace, baking some cookies and reading a book.
By staying in, you won’t just sneak in your fill of hygge, but you could save a good chunk of change simply by not going out on the town.
Give hygge-related gifts
Gifts can not only be expensive, but can often be forgotten after a year or two. Maybe it’s time for you to give the folks you care about the gift of hygge.
Gifts like candles, cozy socks, books, and gourmet coffee make great gifts and these presents also give the gift of well, presence. These gifts won’t break your budget and your loved ones will also get the chance to incorporate hygge into their lives.
Enjoy a home-cooked meal
What could be more hygge than a home-cooked meal? By cooking at home more often, you’ll get to regularly enjoy the benefits of hygge.
Not only can you eat dinner in your favorite and most comfortable clothing, but you can create a warm and inviting ambiance by lighting candles and dimming the lights. As if this isn’t enough, you’ll save a boatload of cash.
So, instead of going out, invite your friends and family over for a home-cooked meal. Or, lower the cost and increase the hygge even more by hosting a potluck, where everyone can bring over their favorite, home-cooked dishes to share.
Decorate with frugal, hygge decor
With winter just around the corner, now is the perfect time to invoke a sense of coziness in your home and practice hygge while you’re at it. Fortunately, home decor doesn’t have to be pricey – there are plenty of frugal ways to liven up your home.
You can decorate with candles, family photos and plants. From there, get creative. These items are easy to find, don’t cost much money, and up the hygge level of your home.
Prioritize time with family and friends
The bottom line: the idea behind hygge is to spend time doing more of the things that are truly important to you.
As you can see by the examples here, you don’t have to plan extravagant get-togethers or even leave the house in order to enjoy time with your loved ones. In fact, most people can claim that the best memories spent with family or friends are the times spent just sitting around, catching up at home.
Now it’s your turn to up your hygge ante. So, invite guests over, crack open a bottle, and enjoy shared plates around the fireplace this winter. By doing so, you’ll save money while creating memories that will last a lifetime.
This page is for informational purposes only. Chime does not provide financial, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for financial, legal or accounting advice. You should consult your own financial, legal and accounting advisors before engaging in any transaction.