Finally, it’s proved by science that it is totally okay to spend money on travel
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Finally our vague thoughts are backed up by science. You cannot argue with the facts. Now it will be easier to make parents understand that it is totally fine to spend money on experiences than on things.
Recently, a research at Cornell University, New York revealed that – We should spend our money on experience, not things. “One of the enemies of happiness is adaptation,” says Dr. Thomas Gilovich, a psychology professor at Cornell University who has been examining 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 accommodate to them.”
There is normal nomenclature that we should spend money on things that last long. The idea behind spending is that these things will give us benefits for longer years then spending on experience which last only for some days. Actually this assumption is totally wrong. When we bought something we become really happy and excited but as time passed by we get used to it and the excitement comes down. Whereas for experience it is totally opposite. The satisfaction went up with time with regards to experience.
As study conducted by Gilovich- “Our experiences are a bigger part of ourselves than our material goods. When we take a chance to talk about our experience, every time the assessment of that experience goes up. And whatever happened in the past may be scary, but it becomes a fun story to tell at a party or get together with your friends. Only if you bought things, then you cannot every time flash I- Phone or BMW and makes a level out of it.
Another reason is that shared experience connect us more to other people than shared consumption. You much likely to feel connected to people you took vacation with then with whom you bought I-Phone or a costly watch.
One study conducted by researchers Ryan Howell and Graham Hill found that it’s easier to feature-compare material goods (how many carats is your ring? how fast is your laptop’s CPU?) than experiences. And since it’s easier to compare, people do so.
Finally Gilovich said: “We consume experiences directly with other people.”
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