Every Thursday, I share one action, habit, or project you may want to undertake in order to improve your health, happiness, and sense of well-being.

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PROJECT OF THE WEEK

Author’s Note: While this blog was originally written in December 2022, it was, and remains, one of the most popular. As we immerse ourselves in the holiday season, I would like to encourage you to think about what memories you can make this year, rather than what latest gadget to buy.

Prioritize Spending Money On Experiences Over Things

We live in a world where we are inundated with the message that we need the newest gadgets, the latest clothing trends, and the chicest home decor.

When we research an item online, we kick-start future advertisements for those items, potentially 100s of times, over the next few weeks. It's amazing how something you didn't care much about becomes so much more appealing after you have seen repeated advertisements for it. Marketers are good at their jobs!

Sometimes I have to laugh at the algorithm and how wrong the ads go.

Last month I googled the word "crochet", so I could spell it correctly on a label in a client's apartment. The next day, I started getting advertisements for classes on learning how to crochet. Good effort, though!

It turns out people don't actually care about the car you drive, how fancy your house is, or the brand of clothing you wear. I read a great example (I can't remember where I read it) about the thought process that is actually taking place when we notice something that someone else has and we want. When you see someone driving a car you aspire to own, your thought process is to imagine how cool you would be if you were driving that car, not how cool they are for owning that car. Keeping this in mind has helped me better value my purchase decisions.

With so much focus and attention on our stuff, what we have, and what we want, it's easy to forget that the research continues to show that we find more value in our experiences, not our things.

“Research from San Francisco State University found that people who spent money on experiences rather than material items were happier and felt that the money was better spent." - Forbes

Getting Started

How can we make this shift?

Step 1:

Think about what experiences add value to your life and your children's lives. Make a list of at least 10 experiences, big and small, that matter to you.

Below are some ideas:

Going to the movies
Going to museums
Taking a writing class
Painting / Pottery / Art
Playing an instrument
Trying new restaurants
Eating at your favorite restaurant
Hosting dinner with friends
Weekend Getaway
Visiting an out-of-town friend
Going abroad

Step 2:

Create a wish list of things (i.e. presents) you want. At the bottom of this list, have your list of experiences that matter to you.

Create an additional list for each of your kids.

You may also want to do this for anyone you routinely buy presents for. You will need to ask them what experiences they value. Bonus: this is a great opportunity to connect and learn more about them.

Step 3:

Before buying anything new for yourself that is a "want", I recommend adding it to your "presents" list for at least 24 hours. If it's a large ticket item, you may want to wait a week before making the purchase. This is valuable because it allows you to compare the "thing" you want to purchase to the other "things" and "experiences" on your list.

For example, you may want to purchase the newest iPhone. After adding the iPhone to your "presents" list, your thought process might be that your current iPhone works well, has the features you need, and you would rather take that $1,000 and plan a weekend trip with your best friend.

Step 4:

For the times of the year when we receive presents, such as birthdays and holidays, I would recommend listing a gift associated with each experience. This will help your friends and family know what gifts are the most meaningful.

Below are some ideas:

Going to the movies - Purchase a gift certificate to the local movie theatre or buy an annual subscription for a "Move Pass".
Going to museums - Purchase an annual museum membership.
Taking a writing class - Pay for your registration to a class you want to attend.
Painting / Pottery / Art - Pay for your registration to a class you want to attend.
Playing an instrument - Purchase lessons with an instructor you like.
Trying new restaurants - Plan a monthly dinner at a new restaurant and pay for your dinner or split it.
Eating at your favorite restaurant - Purchase a gift certificate.
Hosting dinner with friends - Order in and pay for dinner or coordinate a potluck.
Weekend Getaway - Plan a weekend getaway for you to enjoy together and split the costs.
Visiting an out-of-town friend - Pay for your airfare to visit or split the cost.
Going abroad - Pay for the hotel, your airfare, or an excursion while you are away.

It's important to note that there is value in planning the experiences. These don't have to be expensive. Having a friend plan a weekend trip, so that all you have to do is show up and split the cost, may be one of the best presents you get all year.

An added bonus to purchasing experiences over things is that it adds less clutter to your life. This is especially true with kids. So, if your parents keep purchasing toys for your kids that drive you nuts, cost you hours a week to clean up, and take up more space than you like, give the grandparents a list of experiences they can purchase for the grandkids and be sure to share pics and videos of all the joy they are experiencing thanks to their gift. Or, send your kids WITH the grandparents and take an afternoon to yourself!

What experiences do you value the most?

Happy Spaces’ Tips & Tricks

Keep a Google Doc. I once had a friend tell me we are thankful to those who create registries for their upcoming wedding or new baby, but we don’t encourage a “registry” for birthdays or other gift-giving events - like buying a house! This has always stuck with me. So, create one. Then, when a friend asks what you’d like for your upcoming birthday, you can refer to your list and/or send a link.

Ready to Get Started?

If you feel excited about implementing this strategy and want some additional accountability and support to get started, the It’s All in the Planning Starter Pak was designed for you!

get started

A Note from Happy Spaces

The goal is to add value to your life. If you think this project will add value:

Estimate how long you think it will take. I would recommend doubling the time you estimate.
Look at your calendar over the next week and pick a date and time to get started.
Make an appointment on your calendar for the estimated time.
If you estimate that completing this project will take longer than one hour, I recommend doing it over multiple days. This will support you in getting started!
Prior to starting this project, take a few minutes to make a step-by-step list of EVERY action you need to take to complete this project.
It's not all or nothing. You can choose to implement only the parts of this project that add value to your life.
An Accountability Partner can be a great support in following through on your goals and commitments.

Creating a life you don't need a vacation from! ®

Sincerely,

Sarah Weingarten

Meet Sarah

Growing up as the oldest of nine siblings in Upstate New York, I learned to use organization to create sanity among the chaos. Today, I work together with individuals, families, and small businesses to create habits, systems, and spaces that support their needs, goals, and dreams. Clients often refer to our work together as "life-changing" and "better than decades of therapy". What I love most about my work is the lasting impact it has on real people's lives. Nothing makes me happier than hearing the many success stories of clients I have worked with.

Buy the Experience, Not the Thing