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What makes you happier? Experiences or possessions?

posted 2 years ago in Wellness
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    1.
    Hostess
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    Buzzing bee
    chelseamorning    November 1, 2008   Washington, DC/Atlanta

    I am an editor by trade, and currently I'm editing a fascinating psychology article that's so relevant to wedding planning. The subject is the relative enjoyment of material possessions versus experiences. The authors did a bunch of experiments to determine that people are happier in the long term with their significant experiential purchases than with their significant material purchases (controlling for type of purchase, cost, time since bought, etc.; experimentally manipulating purchase type as well as getting correlational data).

    Our long term happiness has to do with how much we experience decision regret after the fact, which is tied to our decision-making strategy. They state that we tend to use different decision strategies when purchasing material things or experiences (they were looking at major decisions---things you were spending at least $50 on). For material goods, we are more likely to maximize our choices----evaluate every option and try to pick the absolute best one. For experiences, we are more likely to satisfice---pick the first or any option that meets our baseline criteria (which may be stringent, mind you). The maximizing strategy leads you to agonize over little details, even after the decision is made, and even if you can't take it back. The satisficing strategy leads you to make a good decision and then not worry about the rest. This divide happens because it's easier to compare two material goods than it is two experiences. You can't really imagine what it would be like to have a different wedding day, but you can easily imagine what another dress would be like (hello, two-dress brides!). Memories are also more precious and a part of us, so we're less willing to potentially give them up or seriously think about alternatives.

    This got me thinking about weddings....how we agonize over little details. For me, especially how I agonized over my dress. I bought the first dress I loved, but then afterward I was seized with dress regret. What if there was a better dress out there? I still look at wedding dresses and I've been married for almost 9 months! Yeesh, it's shameful. But then I think of my overall wedding day and declare it one of the most wonderful days of my life and that I wouldn't change a thing! 

    I started feeling better about my dress when I changed how I looked at it. When I viewed it more as an experience---as the dress I wore on that wonderful day---than as a possession, I feel so much more fond of it! (The authors studied this phenomenon too, and concur). When I thought of the other details too as more "experiences" than possessions, I also feel happier about my choices.

    What about you? How do you see "things" versus "experiences" as being a part of your wedding day? Does one make you happier than the other?

     
    2.
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    Buzzing bee
    IA_Snowflake    August 29, 2009   Missouri Valley, IA

    This conversation is pretty relevant to me right now.  Last week I was pretty much ready to throw the whole wedding away when FH and I were arguing over expenses, none of it was worth it when we were arguing.  We got over it and it was mostly because although he hates the expense, he's doing it to make me happy and so that I have the experience of this wedding - that is worth it to him.

     
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    Helper bee
    Miss Cherry Limeade    10/9/10  

    Definitely relevant to me right now too!  We spent a small fortune (gasp) on our photographers.  We definitely went outside our budget, and I went back and forth for weeks comparing her less expensive packages, thinking that I would be able to forego the album, DVD, etc. so that I could pay less.  But, then a fellow bride-to-be of mine reminded me that in ten years time, these photos will be some of the only material things I have left to remember my wedding day.  When I look at it like that, I feel a million times better about spending more money on my memories.

     
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    Helper bee
    Appleblossom    April 24, 2010  

    I read a summary of that article ahile back, and thought about it a while... and it is so true!!

    We are focusing on our guests' experiences rather than "things", which is why we're spending more on the DJ and extra time at the venue, and less on the flowers, favors, etc.

    We're also using that as a guide to getting gifts for our wedding party. A mani-pedi gives more satisfaction than a necklace (IMO)!

     

     
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    Buzzing bee
    MsHymanRoth    October 24, 2009   Boston

    I'm really worried about the chairs! It has been so hard for me to finally make up my mind, which I haven't done yet. So ... what does that mean? Lol.

    My dress ... I love it. I never had dress regret even once. Cannot wait till I can see it at last.

     
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    Valerie1400      

    It's exeriences all the way with me !     I've kind of always been a hippie though and learned that early on.     I actually hate stuff in a way!    I feel like it bogs me down, makes me less mobile ,  and just loses value/needs maintenence.     I like to save money on stuff to indulge in stuff I enjoy ( travel, great meals, theatre movies ect.).

     

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