Many people know that experiences will make them happier, and yet they continue to spend money on material objects because of their perceived greater value.
There is an ongoing debate between my husband and me about how we’d like to spend any extra money that comes in. He likes to acquire, slowly but surely, high quality items that will last for many years, such as cookware, chef’s knives, and winter coats.
While I can’t argue with his ongoing quest for quality, I would prefer to spend money on travel, to skip buying that gorgeous pot by Le Creuset and put that money toward a destination, an experience, and a lasting memory. We do a good job of striking a balance between our two preferences, but now I’ve come across some interesting research that I’ll have to show him as a way of boosting my side of the argument!
It has been shown by a recent study from San Francisco State University that greater happiness comes from seeking experiences, rather than material objects. Although this may seem like common sense to many readers, reality paints another picture – one in which people most often spend their money on material items because they mistakenly believe that they have greater value.
Read more here.