Spending Money On Experiences Can Make People Feel Happier

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Research indicates that people who invest money to get experiences are happier

Do you spend more money on things or on experiences?

When you receive your paychecks in your bank account, are you tempted to purchase the new trendy clothes, the expensive designer bag, or the fashionable shoes? Even though the instant gratification can come from buying the fancy and attractive new items, those happiness might not last as long as you wished.

It seems that the happiest people in this world do not spend a lot of money on shopping addictions and unnecessary expenses. Instead, they invest their money into travel, learning, and meaningful experiences to create beautiful memories that can last a long time.

What do you think? What do you prefer to spend your money on?

Read the article below

Life is about memories, not diamonds.

Just think about it: At the end of your life, are you going to be reminiscing about the fact that you had an iPhone 6 Plus while everyone else was still using the 5, or are you going to recall golden memories you shared with the people who shaped who you’ve become?

A study published in the Journal of Positive Psychology shows people who made expensive purchases on products rather than experiential investments often devalued a new item’s worth directly after buying it, according to the Huffington Post.

The researchers from San Francisco State University found people do, in fact, understand life is all about the memories we create, but we get so caught up in trends and demand that we cave and make purchases we’ll inevitably regret.

Before they even made the purchases, study participants said life experiences would be more beneficial than buying the latest and greatest items on their wish lists.

After buying whatever their heart temporarily desired, participants soon realized they would much rather have put that money toward an experience, which would have increased their happiness for a more sustained amount of time.

Focus on what makes you happy, not what makes you famous.

Research from Cornell University shows Millennials are tempted to make many of their purchases from society’s influence, which makes things like diamond watches and gold chains not only super expensive, but appealing and trendy as well.

Read more at Elite Daily.


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