We recently featured a post about how more than half of Americans skip out of their vacation days. Why do so many people avoid taking time off? Possibly because they are behind on saving for retirement, and figure that the wise thing to do is to earn as much, and save as much as possible.
When we do spend money, our first thought is usually to purchase possessions. Because they last, we tell ourselves they bring the most value to our lives. As much as you might want to spend money on an epic culinary adventure, a possession is worth more in the end than a fleeting experience, right?
Maybe not. Research actually shows that, in the long run, spending money on experiences has the potential to make us far happier than buying more possessions.
Why? Experiences may be ephemeral, but the memories they create can last forever. You can probably still taste the most delicious foods you’ve eaten on vacations from years past – even though you only tried them once.
Not only that, but over the long term, we tend to look back on only the best in our memories. You won’t necessarily remember that hassle with the luggage check at the airport, but you will remember the incredible fresh-caught seafood you shared with friends at that enchanting Croatian restaurant overlooking the sparkling Adriatic Sea.
Experiences also have the power to change our lives for the better. Maybe while you are on vacation, you won’t just sample delectable foreign delights, but you’ll also take a cooking class to learn how to make them yourself. At that point, you open the door to a whole lifetime of culinary experiences in your own kitchen.
Check out the infographic from InvestmentZen below to learn more about why spending money on experiences (culinary or otherwise) is always worth it!