Experiential Purchases

A few choice quotes from the awesome paper written by Dunn, Gilbert, and Wilson: If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right

…thinking of our purchases in experiential terms; if we view a new car not as something we have, but as something that expands what we can do, then discovering that a shinier, faster, less expensive model has just come out may be a little less frustrating.

But as long as money is limited by its failure to grow on trees, we may be better off devoting our finite financial resources to purchasing frequent doses of lovely things rather than infrequent doses of lovelier things. - Dunn, Gilbert, and Wilson If Money Doesn’t Make You Happy Then You Probably Aren’t Spending It Right