Spending money is something that we all do whether we like it or not, but it’s how we spend our money that defines us. We all have a limited income each month and how we allocate this resource determines what type of life we lead, and how much we are saving or paying down debt.
The happiness of The United States is decreasing and when experts look at why this and try to figure out why people are becoming more and more unhappy it is apparent that it is because we are just generally accumulating more stuff. We are buying more things, saving less, taking on more debt just so we can fill up our homes with things we don’t actually need.
Acquiring things that are unimportant temporarily fills the consumerism void that is ingrained in our culture. However, after a couple of days this wears off and we are back to square one. We aren’t any happier and we have more stuff to in our homes that we have to put away and clean.
If you’ve ever walked into a store and had that desire to buy something, chances are the marketers of that company are doing their job well. They are enticing you to buy that item right now and the salesmen or saleswomen are swaying you by telling you that their is scarcity with that product when that simply isn’t the case.
If you were to go home and think about a) whether you could actually afford the item and b) whether you actually needed it, chances are 48 hours later you wouldn’t end up buying it. More than likely by the time you got to your car, you would have completely forgotten about the item all together.
If we are always spending money on things to make other perceive us as well off we have a spending style that will eventually catch up to us. We aren’t going to be happy in the long run and more likely than not we won’t have achieved our personal or financial goals.
At the end of the day spending money on experiences and not stuff is what is going to make us happy. We build memories with people we care about by doing that and it is that mindful spending style that is going to be sustainable in the long run.
So the next time you are online shopping or you step foot into a store try and be mindful of your long term happiness. You don’t have to buy everything you set your eye on, overspending and going into debt will make you more miserable than the items you acquire in the process. Spend your money on experiences that will make you happy, not stuff.