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Yes, because whenever I buy something that I enjoy or whenever I buy something to improve what is around me, like something in my room, it makes me happier.
Money can buy things that can improve your mental health, but money itself is not going to improve mental health. Like, it can buy you the necessities in life, but like nah.
Some people yes, some people feel like they need to have money, others, for me I feel proud of myself because I have money but I don't absolutely need money to be happy.