It's Your Money: Research shows the secret to happiness

20 October 2012 Last updated at 11:43 ET Help

New research by NS&I (National Savings and Investments) has apparently shown that we will be much happier if we save an extra £50 per month.

But with many people in the country on tight budgets, how can we squirrel away that extra money?

Philip Hampsheir reports.

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