Spend Money on Experiences Rather than Things

Spend Money on Experiences Rather than Things

Spend Money on Experiences Rather than Things 1478 1299 Donna Skeels Cygan

We can cultivate greater happiness and financial security by making some intentional changes in our lives.

Research has shown that experiences have a far greater impact on our happiness than spending money on things and possessions. We often settle into routines that start to feel stale and predictable. Planning a day with family or friends and including experiences such as visiting a museum, exploring a section of town you don’t frequent, taking a hike together, or going to a park or a concert may enrich your life and increase your happiness.

It is not essential that you include others in your experiences. Often, carving out time for solitude can also increase our happiness. You may decide to try some new experiences alone, and this can result in solitude and relaxation.

Also, think about how much money you spend on things and how much you spend on experiences. Things would include items such as clothing, household items, and electronics. Experiences would include travel expenses, meeting a friend or family member for lunch or dinner, and spending money on special activities (such as concerts, plays, or whitewater rafting) or money for classes (such as photography, cooking, or painting). Be aware that buying more things will probably not make you happier, whereas having more experiences can significantly increase your happiness.