If you have surplus cash it’s better to spend that money on experiences than buying objects. That is, if you want to live a happy life. Researchers who have looked into what makes us happy over our lifetime have concluded that experiences contribute more to happiness than objects. You might nor remember buying that neat computer, but you do remember that crazy time at that place somewhere.
Personally, I’ve been putting of buying furniture for the last six months because I prefer travelling. So even hearing that this research backs up my thinking makes me happy.
“One of the enemies of happiness is adaptation,” says Dr. Thomas Gilovich, a psychology professor at Cornell University who has been studying the question of money and happiness for over two decades. “We buy things to make us happy, and we succeed. But only for a while. New things are exciting to us at first, but then we adapt to them.”
So rather than buying the latest iPhone or a new BMW, Gilovich suggests you’ll get more happiness spending money on experiences like going to art exhibits, doing outdoor activities, learning a new skill, or traveling.