Exploring new experiences can be enriching, but it often comes with a financial cost. Studies show people who invest in experiences rather than material things tend to have greater life satisfaction. However, whether it is traveling to a new destination, picking up a hobby, or pursuing further education, thoughtful financial planning is essential to keep these pursuits enjoyable rather than stressful.

In the financial domain of exploring, Kirtly Jones, MD, and Katie Ward, DNP, are joined by Elsa Osborne, an accredited financial counselor and program coordinator at University of Utah's Financial Wellness Center. Together, they discuss the cost of pursuing new explorations, how to budget wisely, and how to make financially sound decisions without sacrificing a sense of adventure.