Focus on spending your money on experiences rather than material items. Putting your money toward purchases like a concert, picnic in the park, or vacation instead of spending it on pricey material objects gives you more happiness for your buck.
Researchers concluded that people are happier with experiential purchases over material ones irrespective of when you measure happiness: before, during or after consumption.
Experiences also provoke more satisfaction even though people typically spend more time using their material possessions. The researchers said a possible explanation is the endurance of experiences in people's memories, while the perceived value of material goods weakens over time. This fact reinforces that you should strive for more experiences. This especially applies to children. Instead of purchasing them a bunch of toys that they may not even use, give them season tickets to the zoo, aquarium, a weekend adventure or so many other options.
"If you want to be happier, it might be wise to shift some of your consumption away from material goods and a bit more toward experiences. That would likely lead to greater well-being." Amit Kumar, assistant professor of marketing.
Commentaires