Gift giving is a hallmark of the holiday season, even though it often involves high levels of stress, long lines, and a drain on your wallet. So, make an impact: Instead of focusing on “stuff”—such as the latest video game, gadget, or toy—consider these alternatives and make your gifts more meaningful.
- Buy experiences, not things. Get tickets to a show, museum membership, or weekend adventure and invest in your connections and shared experiences with friends and family. Nothing can replace those special moments.
- Think: Less is more. Materialism is linked to lower well-being. When you try to “keep up with the Joneses,” focus on getting stuff, or compare what you have to what others have, you might experience the very opposite of the joy you expect to feel. Financial responsibility begins at a young age too. Are children on your gift list? Reduce “the gimmes” and increase gratitude by giving them less and teaching them to appreciate what they have more.
- Give where you live. Grab a friend, partner, or your kids and volunteer your time to a shared cause. You might not think of your time and talent as a gift, but volunteering fosters empathy and perspective. And these qualities are needed, especially during these times. Remember that volunteering is a two-way street: It can improve your sense of meaning, purpose, connection to something larger than yourself, and health while you help others in your community and beyond.
Material things can bring brief happiness, but shared experiences bring long-lasting satisfaction that’s more fulfilling. This holiday season, try to give non-traditional gifts that can ease your financial burden while strengthening the well-being of those around you.