In our materialist society, there is a strong temptation to spend our hard-earned money on whatever the next best thing is, whether it’s a piece of technology, an item of clothing, or a type of jewelry. However, spending money on possessions isn’t always the best way to invest your income, for both financial and personal reasons. Here are 16 reasons you should spend your money on experiences rather than possessions.
1. Possessions quickly lose their novelty
What’s new and exciting today quickly becomes old and boring in our fast-moving society. While a new phone can provide days or even weeks of entertainment, the novelty wears off quickly.