Lifestyle

Why You Should Buy Stuff, Not Experiences

Why You Should Buy Stuff, Not Experiences

The science has come in and you will obtain more happiness by buying. However, I just don’t buy it (pun intended). I will admit that I’m guilty of a love for shopping and a love for stuff, but stuff needs a champion. The right stuff can make us happy. Consider the following.

The science has come in and you will obtain more happiness by buying experiences over stuff. However, I just dont buy it (pun intended). I will admit that I’m guilty of a love for shopping and a love for stuff, but stuff needs a champion. The right stuff can make us happy. Consider the following.

Stuff comes with experiences

Its not quite a binary choice. Sometimes stuff like souvenirs can count as a reminder of your experiences. Furthermore, the search for stuff – also known as shopping – can be pleasurable and an experience in its own rights. Some of my favorite memories of growing up are shopping with my mom and my stuff serves as a reminder of our relationship and those memories. And if shopping can count as an experience, then every “thing” is a souvenir.

You don’t need that many experiences

I’ve had lots of unforgettable experiences. Turns out, I’ve forgotten many of them. Your memory also isn’t that great. The more experiences you have, the less any one experience sticks in your mind. If you have #fearofmissingout or #youonlyliveonce thinking, each experience will have to vie with all the other great experiences for space in your mind. Souvenirs, photographs and Instagram can remind you of the good times but it’s not necessary to have a ton of great experiences in your memory; just a few may be enough. This is not to say that you can’t also have too much stuff (tons of books have been devoted to getting rid of your excess stuff), but you can also have too many experiences to think about.

Some experiences aren’t worth it

If you bought a new suit and later realize that you work in a casual office or you buy a wildly expensive widget and have a change in circumstances, you can return it to the store for money or credit. Even if you’ve opened or used an item, you can sell the item to recoup part of the cost.

If youre unhappy with your experience too bad. I dont want to scare you from going on that dream vacation but sometimes that dream experiences isn’t worth it. Worse, you can’t return it to the store.

I noticed this dichotomy when watching that seminal coming-of-personal-finance-age movie, Confessions of a Shopaholic. Sure, the protagonist gets into massive debt, but she pays it down by selling her stuff. Her bad decisions are (somewhat unrealistically) wiped clean because she has tangible objects of worth to barter for money. This would never happen if you tried to trade your experiences for anything. Yes, buying stuff can get you into financial trouble but because it is tangible, it can also be part of the solution to get you out of trouble. Experiences are priceless but only to you.

Your daily life is more important than your vacations

Two weeks is a reasonable number of vacation days for an average American. But there are 52 weeks in a year. What are you doing with the other 50 weeks? Even if you spend one hour every day going to fancy restaurants, movies and sold-out concerts, you still have another 23 hours in the rest of your 50 weeks.

Experiences will never take up most of your day (unless youre very liberal with the definition of experience). It’s your stuff that’s with you hour after hour, day by day. Upgrading your stuff can cause a real improvement in your life because it affects the majority of your life. It just makes sense to spend your money somewhat proportionally to how you use your time.

Stuff can bring you joy

Marie Kondo, international renowned unclutterer and author of The Life-Changing Magic of Tidying Up, asks her clients if an object brings joy. If it doesn’t, it goes. Of course, she uses this language to suggest that certain objects don’t bring us joy but it serves to highlight the fact that certain objects do bring us joy. Buying the most stuff or the most expensive stuff will not lead to happiness but buying stuff that you love can lead to joy.

Having and loving stuff has needlessly gotten a bad rap. People who love their stuff can be stereotyped as selfish or materialistic. However, studies have found that having strong attachments to our stuff is an indicator that we have strong ties to people. Its our stuff that reminds us of our most important relationships and milestones. It’s our stuff that reminds us of the people we once were and the people we want to become. Our stuff is our tie to our community, our past, our present and our future. Seen in this light, stuff can certainly be a good thing in our lives.

So next time youre choosing between a concert or a new coat, give it a fair fight. Yes the concert will be fun for a night but if the coat will make you smile every morning in the winter, then thats a good investment.

Readers, what things bring you joy?

About the author

Elizabeth Chan

Elizabeth Chan was born on a Tuesday during lunch and is now a lawyer, entrepreneur and blogger living in Arlington, Virginia. She writes about personal finance and health. She will defend to the death her beloved but downtrodden Knicks, Redskins and New Jersey (it really doesn’t smell that bad!).

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