I Took A Pay Cut Ive Never Been Happier

I Took A Pay Cut Ive Never Been HappierI Took A Pay Cut Ive Never Been Happier According to Tolunas Women at Work survey of 1,000 women aged 25 to 35, only 30 percent of respondents currently hold what they would consider to be their Dream Job. Whats mora, 55 percent say that they would take a drastic pay cut to land it. We hear from a woman who did just thatThis isnt a story about how money cant buy you happiness, although I might touch on that a little. Its about how halving my salary meant I could finally afford designer shoes. Its about learning to spend well. Its about a very smug term that keeps coming into my head recently - mindful spending.When I quit a full-time job to go freelance , I had expectations to be happier, have more time to myself and actually see my son when hes awake. What I didnt expect welches to feel richer. I thought I welches swapping money for time - finally, at 33, realizing the latter was the more precious commodity. I expected to b e poorer and I made my peace with it.But something happened that I never expected - now that I earn less, I have nicer clothes and better holidays. Ive swapped debt for a savings account and I enjoy spending more than ever.I first started earning real money when I was 21 and got a job in an advertising agency. They offered me $22,000 I took the job immediately (funny how we feel okay admitting what we first earned, but become sheepish as we get older). Even 12 years ago, a$22,000 salary in London was tough. An older colleague told me, In advertising, youre underpaid for the first half of your career and overpaid for the second half. He was right. After a few years, a job move meant doubling your salary. Jump agencies a few times and youre earning very good money. Not that I knew it - I thought everyone was earning the same kind of money. I had no idea the advertising industry paid well until I left it.That was the crux. I was earning a hefty amount of money each month but didnt know it. If you had asked how I felt about my salary, despite being in the top one percent of UK earners, I would have said it wasnt enough. I rocketed through thousands a month, with little to show for it at the end other than a pile of once-worn H&M shirts. I earned enough to never really have to think about money. Enough to buy cocktails and notlagelage drink them. Enough to book holidays I never went on. Enough to never send back anything I bought on the internet. It was mindless spending.I never budgeted or planned how to spend. Money just plugged holes I created. Id quickly buy a new pair of sneakers I didnt particularly like because Id left mine at home and there was a lunchtime run at work. It was almost like I gave money no value. It was just something to churn through until it was replaced at the end of the month.But you must have bought loads of nice clothes? friends now exclaim. I didnt. Nice things require time, attention and a thought process. When you give yourself 20 minutes to buy a pair of jeans because you find yourself in front of Liberty between meetings, you are not going to come out with something nice. Theyll be made with lovely denim, the selvedge hard stuff. But they wont fit. Youll still buy them because you need new jeans and you feel like you deserve a treat, and dropping $300 on a whim is doable. Then theyll sit in your wardrobe, youll try them on every morning and always take them off just before you leave the house because they dont fit. Another $300 bites the dust.It sounds like you had zero respect for money, diagnoses Dr. Joan Harvey, a psychologist who specializes in occupational psychology. Its true. You would think because I worked really hard for the money Id respect it, but the only consequence of spending stupidly was having to go to work every day, which Id already resigned myself to. Dr. Harvey continues Which means you probably didnt respect your time, either. People often dont realize that budgeting doesnt just me an they could have spare money. It could mean more spare time. Nail on the head, Joan. It sounds ridiculous but it took me a long time to realize my spending habits were keeping me trapped in a stressful full-time job . Theres a lesson here - if you dont respect how you spend your time, youre not going to respect your money, because they are completely interlinked.Before I left full-time work, I heard my 22-year-old nephew talk about time the way my peers talked about money. He negotiated time off in his new job the way I had negotiated my salary . He works four days a week and has long holidays when he can tour with his band. Theres nothing like seeing your little nephew rock life to make you realize youre not quite living the dream. That and the realization I hadnt seen my young son awake for four days in a row were the wake-up calls I needed to quit.Once I knew money wouldnt be flowing in with any regularity, I put myself on a strict budget. I started challenging myself to get through a day and only spend a fiver. The thrill of succeeding was greater than any buzz Id gotten from whacking down my credit card. It also taught me what I could survive without - Bounce protein balls, M&S prawns, black cabs, ASOS deliveries and flat whites among them. And the things Im happy to work for - Kiehls moisturizer, beer and childcare.Right now Id rather have time to spend with my son or on passion projects that dont pay well than buy another pair of jeans. I see that plonking my card down for a round of Aperol Spritzes no one really wanted actually cost me an hour of sitting in a boardroom. Freelancing allows me to dial up or down how much I work, so now when it comes to spending I always think, Am I willing to work an hour or a day for this? My conversion rate is time.This article was originally published on Refinery29 . It is reprinted with permission.