Spending money on experiences provides a bigger and more consistent happiness boost than buying material goods.
June 10, 2026 at 5:00 a.m. EDT
“Democracy Dies in Darkness”
As a personal finance columnist, I have dedicated my career to advising people on how to save. I discuss where to cut back, methods to avoid sales tactics, and caution against financial overextension.
What I am about to say next could surprise my readers.
Many studies indicate that spending on experiences instead of material items leads to greater and more sustained happiness. This insight demands a shift in how we think about our purchases and financial priorities. Experiences tend to enrich our lives by creating memories, building social connections, and providing personal growth opportunities.
Material goods often lose their novelty quickly. In contrast, experiences offer stories to tell and moments that endure. So, shifting focus from accumulating possessions to creating memories may just be the key to a happier life.
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