Money Tip: Spend on Experiences vs. Stuff

iVillage Member
Registered: 05-15-2009
Money Tip: Spend on Experiences vs. Stuff
7
Wed, 12-29-2010 - 12:18pm

I was just reading this feature on spending money on experiences rather than material items, and it makes sense that money spent on something like a family trip will make you happier than that new smartphone.

iVillage Member
Registered: 10-05-2009
Wed, 12-29-2010 - 1:00pm
I'm not more likely to spend on an experience, but this Christmas, my kids got a blend of experience and practical things. I'm not horribly likely to splurge on anything!
iVillage Member
Registered: 05-15-2009
Wed, 12-29-2010 - 1:05pm
I'm not a splurger either. I was thinking about how much I'd really like a new vehicle instead of a family trip somewhere this year. I think, for us, a new car would make us all happier because it wouldn't be as crowded (less fights) and the kids could each bring a friend along if they ever wanted to. Right now, only the four of us can fit into the car and I dread going anywhere that takes an hour or more. So...maybe a material purchase would lead to happier experiences?

Avatar for kathy_s14255
iVillage Member
Registered: 03-27-2003
Wed, 12-29-2010 - 2:02pm
I love this! I would much rather have experiences vs stuff...within reason of course. I think my children will remember our trips to Disneyworld and camping along the Blue Ridge Parkway far more than the latest toy or video game.
Now I am going to save some money so my dh can ride in a nascar on his birthday. I know he will remember that; I can't even remember what I gave him for his birthday last year :-P
iVillage Member
Registered: 10-05-2009
Wed, 12-29-2010 - 5:54pm
I think you are right, it depends on what the material thing is vs the experience. my kids would happily give up a trip to disneyland in trade for a new house or a better car, not that either one is in the budget.... But we camped all last summer, I was there for literally 3 weeks (the kids were there for part of it, my honey was there for part of it, my parents were there for part of it but at no time was everyone there all at once! LOL) and that was an experience they will never, ever forget, and it was one of the best camping trips I've ever had. It was also an expensive experience, but if I spent equal money across 3 kids, they wouldn't get much. Like $300 spent on the family trip is a big deal, but split that 3 ways and they really don't get much, maybe 1 really cool thing each...
iVillage Member
Registered: 10-15-2001
Thu, 12-30-2010 - 8:09am

I hadn't treally thought about it that way.

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Registered: 07-25-2007
Thu, 12-30-2010 - 9:59am

I much prefer to spend on experiences rather than stuff.

iVillage Member
Registered: 05-15-2009
Thu, 12-30-2010 - 10:02am
I agree. It's definitely more than just vacations. My 6 year-old goes to tae kwon do classes twice a week, and I think that's money well spent. I'd find something else to remove from the budget before I'd cut that, and it's definitely more useful than the latest toy. He gets so much out of it, and it's something he'll use and remember for the rest of his life.