The Perks of Spending on Experiences Instead of Things

In recent years, trends in consumer spending have leaned away from products and more towards experiences. Instead of investing in objects that may lose value with changing technology and styles, consumers are beginning to see the benefits of experiencing an exciting activity or new destination in interesting and unique ways. Taking another look at the benefits of buying experiences that can make the most of your paycheck while allowing you to enjoy the variety of adventures the world has to offer.

Photo: Zocha Group

 

Escapism

In a fast-paced, modern world where many are never officially off the clock, it’s easy to make work a priority and put quality time with friends and loved ones to the side. Taking the time to experience something outside of the ordinary, day-to-day routine can give you a much-needed break. Indulging in a vacation may not be a wise choice if done too often, but setting aside some time to relax after working hard can be beneficial in quieting a buzzing world with a refreshing, dreamlike getaway.

 

Photo: Zocha Group

Irreplaceability

Whether it’s a new tech gadget, piece of jewelry or clothing trend, there will always be something fresh on the market to make you feel like what you already own isn’t good enough. “Keeping up with the Joneses” makes for a never-ending cycle of replacing items that are obsolete or no longer in style. When you instead direct your spending towards an experience, it won’t ever fall out of fashion or need replacing—the happiness you get from visiting an exciting destination is yours to keep forever.

 

Photo: Zocha Group

Memories

While opening gifts can be fun, the experience of spending time with loved ones can often be what we remember most. Looking back on meaningful events from the past helps us to define who we are in the present. Having a unique experience creates unforgettable memories that bring us joy when we recall them years later. From energetic nights out on the town to romantic, sunset dinners with significant others, memories are there to become a part of our life story.

 

Photo: Zocha Group

Personal Growth

Making progress with personal, financial or career goals can help us to feel more value in our day-to-day lives. When you opt for a new experience, you’re choosing to learn more about the world around you and in turn can learn more about yourself. Whether you’re spending a birthday racing Formula 1 cars at the racetrack, riding a donkey along the Greek hillsides, or parasailing in the Bahamas, you are sure learn more about your own likes and dislikes through trying something new. Meeting new people and being inspired by your world will only be beneficial in the long run. The things we experience present challenges for us to learn from helping to shape us into who we are.

 

Photo: Zocha Group

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