Experiential vs material purchases
By terryh on Aug 26, 2005
A study a couple of years ago suggested that people on average are happier after experiential purchases than after material purchases. That is, spending money on things like vacations, live entertainment, and so on is more likely to make a person happy than buying new clothes, ornaments or gadgets. I don't think I spend much on experiential purchases — maybe I should consider doing more along those lines. Of course, many of my purchases are "mixed" in some sense - I buy a bicycle, but the point is not just to have the cool new bicycle, but also to ride the heck out of it. I do buy a National Parks pass every year, and this year we bought season tickets for the Palm Springs aerial tram. We're planning on going up there tomorrow for a hike, and since it's months since we spent the money, it will seem like it is free. Cool! I think the next step will be to hunt out some decent live music. We'll see.