Spending money on experiences rather than material goods tends to bring more immediate and lasting happiness. Researchers Amit Kumar from the University of Texas at Austin, along with colleagues from the University of Pennsylvania and Cornell University, conducted experiments showing that people derive more satisfaction from experiential purchases—such as dining out or attending events—compared to buying material items like clothing or furniture. This is attributed to the enduring nature of memories and the fleeting value of possessions.
Three categories of spending that have been shown to boost happiness:
- experiences
- time-saving services
- and health-related investments.
Buying experiences, such as travel or dining with friends, leads to more long-term satisfaction than material goods. Paying for time-saving services, like house cleaning or meal delivery, reduces stress and creates more free time for enjoyable activities. Lastly, investing in health, whether through fitness equipment or wellness programs, improves both physical and emotional well-being, contributing to overall happiness.
https://www.newtraderu.com/2023/06/10/3-things-to-buy-to-be-happier-according-to-science/
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