Vacations are often seen as a luxury or an indulgence, but research shows they are vital for our well-being. However, how we spend our money during these getaways can significantly impact the overall happiness derived from them. Vacations can be categorized into two types: Relaxations and Adventure-cations. I'm more of a relaxation kind of person but this year I definitely lived in my adventure-cation era. Let's delve into the science of spending on a vacation and how it impacts your mental health.
1. The Joy of Experiences Over Material Goods
Psychological research suggests that spending money on experiences, like vacations, generally makes people happier than buying material goods. A study published in Psychological Science found that experiences provide more enduring happiness because they become part of our identity and create memories that we can revisit over time.
My take: You always get to cherish the experience later by looking at the pictures or simply by telling someone about that particular experience.
2. Spend on Activities, Not Luxuries
When planning your vacation budget, prioritize spending on activities that will enrich your experience. If you're visiting a new city, instead of splurging on a fancy hotel room, consider allocating more funds towards exploring local attractions, trying local cuisine, or booking a unique tour.
My take: Use your hotel space just for sleeping if you're on a adventure-cation.
3. Prepay Your Vacation
Prepaying your vacation can enhance your enjoyment. A study in the Journal of Retailing found that when people pay upfront, they're more likely to enjoy their vacation because it feels "free" when they're actually there. This allows you to immerse fully in the experience without the constant worry about spending.
My take: Hundred percent! Prepaid vacations for the win!
4. Prolong the Pleasure Through Anticipation
According to a study published in Applied Research in Quality of Life, the anticipation of a vacation can boost happiness levels. Booking your vacation well in advance not only helps with budget planning and availability but also gives you more time to look forward to the trip.
My take: Think ahead of all the content you're going to record on your vacation and jot down all those ideas in your notes app.
5. Splurge on Convenience
While it's important to be mindful of your budget, splurging occasionally on conveniences like direct flights or airport transfers can reduce travel-related stress and make your vacation more enjoyable.
My take: Especially on an international vacation, pre-book your transfers for ease of mind.
6. Invest in Local Experiences
Immerse yourself in the local culture. Engage with locals, try traditional food, learn about the history and customs. These authentic experiences often provide more satisfaction than typical tourist activities.
My take: Try to learn some basic words of the local language when in a foreign country.
7. Create Unforgettable Memories
Whether it's a boat ride at sunset, a cooking class, or an adrenaline-pumping adventure sport, invest in experiences that create unforgettable memories. These memories often become priceless over time.
My take: Going solo? Grab a selfie stick or not but record videos of yourself enjoying your vacation. Totally worth it!
8. Balance Your Spending
While it's enticing to indulge in luxury, balance is key. Allocate your funds across different aspects of your vacation - accommodation, activities, food, souvenirs, and emergency funds.
My take: Plan in advance so you don't have to live hand to mouth when you return from your vacation.
9. Memories Over Material Souvenirs
Instead of spending heavily on trinkets, focus on creating memories. They're often more cherished and evoke the joy of the vacation long after it's over.
My take: I'm a "collect the keyring" person so every new country/city I visit, I make sure to get a keyring which are usually very cheap, doesn't take too much space and fulfills the souvenir checklist for me.
In Conclusion The science of spending on vacation suggests that it's not merely about consumption but about creating experiences and memories that contribute to our happiness and well-being. So, as you plan your next vacation, remember to spend wisely, focusing on experiences that will enrich your journey and create lasting memories. After all, the goal of a vacation is to return home with a rejuvenated spirit and a heart full of joy.
Until next time, Peace 🛫