Many studies have shown that material possessions do not equal happiness and that experiences are much more intrinsically fulfilling that things. (Additional bonus: you don’t have to find a place to store experiences except in your heart, memory, and maybe on some pictures!)

A researcher named Thomas Gilovich at Cornell University has spent more than a decade trying to understand why experiences have the ability to contribute to happiness so much more than material purchases. Along with another researcher, Matthew Killingsworth, he recently published his research in the Journal of Psychological Science showing that experiences provide more lasting happiness than material possessions. (source)

Source:  Wellness Mama