By Sharna Goldseker
Whether working hard in school or at our respective jobs, all of us can agree that our time off is precious and much anticipated. Some of us may have spent recent vacations visiting and reconnecting with family, celebrating friends’ special events, taking vacations with significant others or family, or even indulging in a stay-cation and enjoying our own time. Recently, I went on a 3,000 mile road trip with my family down to Georgia and back. Most people I told quickly responded verbally (or with non-verbal expressions of shock on their faces) that my husband and I were crazy to drive so many miles and hours with our two little children, who are 6 1/2 and 3 1/2 now (they are at the age when they definitely include the “half” in their birthdays).
Before leaving, I had only focused on the joy that I imagined I would feel exploring the unknown such as the little ferry we stumbled upon on a gloriously sunny day in North Carolina, or the tacos we ate overlooking the revitalized RiverArts District of Asheville.
What I hadn’t anticipated, were the untouched coloring books and CDs my Mom had bought for my kids to use in the car rides, as my children ended up enjoying the discovery of the journey more than the new stuff they had acquired for it. Their list of road trip favorites would include playing at the Children’s Museum of the Low Country, scootering from the Lincoln Memorial to the Washington Monument, and creating their own chocolate bars at Chocolate World in Hershey, PA.
So when a woman I met told me about this article, it resonated with me. The Science of Why You Should Spend Your Money On Experiences, Not Things…
“‘One of the enemies of happiness is adaptation’ says Dr. Thomas Gilovich, a psychology professor at Cornell University who has been studying 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 adapt to them.’ So rather than buying the latest iPhone or a new BMW, Gilovich suggests you’ll get more happiness spending money on experiences like going to art exhibits, doing outdoor activities, learning a new skill, or traveling.”
The article goes on to say that he tested people reporting on major purchases and experiential purchases and they were equal at first, “but over time, people’s satisfaction with the things they bought went down, where their satisfaction with experiences they spent money on went up.”
As I thought about the stuff we thought my kids’ needed to distract them in the car, (let alone in their closets at home), it seems obvious now that their interest in the material would wane over time. But what I hadn’t fully appreciated was how much the experiential would generate lasting satisfaction.
“‘Our experiences are a bigger part of ourselves than our material goods,’ say Gilovich. ‘You can really like your material stuff. You can even think that part of your identity is connected to those things, but nonetheless they remain separate from you. In contrast, your experiences really are part of you. We are the sum total of our experiences.’”
Given our shared value of giving, it feels poignant to me that an experience is something we can offer our family, friends, organizations and causes, beyond the more materials things. As I reflect on my memories of the road trip, I’ve started to wonder how we as funders and more basically, as members of our community, continue to build on our experience together, so that our learning and the positive change we’re trying to achieve gets absorbed by the heart, the brain and the body?
I’m thinking about what I’m going to do with my kids this Memorial day weekend, but I’m also now looking at today and wondering what of my experience will become a lasting part of who I am. It certainly makes me keep my eyes open all the more.