FREE SHIPPING on orders over $50!

The Key to Happiness? Investing in Experiences, Not Possessions

May 28, 2018

The Key to Happiness? Investing in Experiences, Not Possessions

With the majority of the millennial generation now in the workforce and accounting for over one-fourth of the U.S. population, studies show this group is increasingly spending their hard-earned dollars and time on experiences, not possessions. More than 3 in 4 Millennials are choosing to spend their money on experiences over tangible goods, and 55% say they’re spending more on experiences now than ever before. But what about the experiential life has captured the heart of this generation? Perhaps this group has found that leading a more fulfilling life is about creating, documenting, and sharing meaningful experiences with others.

Here are a few of the many reasons why spending your money on experiences can help you lead a happier, more simple life.

Deeper Relationships
Create a memorable experience by choosing to do something out of your comfort zone – cooking classes, camping, skydiving, or a treating yourselves to a couple’s massage. Nearly 8 in 10 millennials surveyed by Harris Poll said that attending live events with friends and family has helped to deepen their relationships. By prioritizing experiences over possessions, we show our loved ones that we value their time and company. Investing in shared experiences can challenge you, teach you valuable life lessons, and help you build deeper emotional bonds.

Less Clutter
With the rise of minimalism, we’ve all heard that decluttering our homes of items that don’t bring us “joy” can help simplify our lives. It’s hard to unwind and decompress after a long day in a home that we find less than restorative. Choosing to spend your money on experiences instead material goods will not only lead to less physical clutter in your life but less mental clutter as well. One study revealed that a cluttered, disorganized home could have negative impacts on stress levels, cortisol levels, and mood.  Make conscious decisions to buy only what you need and rid your closet of what you don’t. You will you slowly begin to lose that “keeping up with the Joneses” mentality and, in turn, will free up the extra cash to try that new barre class or restaurant.

A Sense of Community
Experiences, by nature, are more social. Social media platforms have adapted to give us an avenue to document and share our experiences by calling our friends and loved ones to action, joining in community events, and participating in fundraising efforts.

Experiences create priceless memories that last a lifetime. On a social level, they can help us to bond, engage, and create a more profound sense of community. On a personal level, experiences can help shape our identity and world-view. As the experience economy grows and evolves to meet rising demands, how will you choose to spend your money?

The BEingWELL Team





Also in BEing WELL Blog

4 Major Causes of Acne + Tips for Clearer Skin from the Inside Out
4 Major Causes of Acne + Tips for Clearer Skin from the Inside Out

March 06, 2019

For many of us, achieving clear skin is about as simple as finding a needle in a haystack. I have news for you – it doesn’t need to be this difficult.

Continue Reading

Advice for Brides to Be: 5 Stress-Reducing Tips for Wedding Planning
Advice for Brides to Be: 5 Stress-Reducing Tips for Wedding Planning

February 27, 2019

Weddings are stressful. You want everything to be flawless –– including yourself. Ironically, all that stressing about perfection does way more harm than good. I’ve witnessed so many women fall into the trap of working so hard to make everything “perfect” that they get consumed by it...

Continue Reading

Better Together: How Changing Up Your Workout Regimen Can Increase Longevity
Better Together: How Changing Up Your Workout Regimen Can Increase Longevity

February 25, 2019

What if we told you that simply changing up your exercise regimen could potentially add a decade onto your life? While it’s no secret that exercise of any kind is beneficial to our health, new research suggests 

Continue Reading