If you want to make your kids happy long term, you better invest on vacations than buying them toys. This is according to a research from the University of Toronto. Gifts of experiences are more meaningful to your children than expensive toys. Here’s why.

A study published in the journal Applied Research in Quality of Life shows that even the simple act of planning a vacation shows a large boost of happiness in a person. After the vacation, most people’s happiness would drop back to baseline.

This may explain why children often look forward to family holidays. Psychologist and best-selling author Oliver James explained "Family holidays are valued by children, both in the moment and for long afterward in their memory. It's all about talking nonsense with your parents, sharing an ice cream and moments of time in which your interests are genuinely taken into account. So if you're going to spend money on something, it's pretty clear which option makes more sense."

Also, traveling with kids can be beneficial to their brain development. "An enriched environment offers new experiences that are strong in combined social, physical, cognitive, and sensory interaction," says child psychotherapist Dr. Margot Sunderland.

Another thing: A research conducted back in 2015 by the Family Holiday Association says that the happiest memory of 49 percent of those surveyed was on family vacations. 1/3 of the respondents even say they can still clearly remember their childhood family vacations. Director of the Family Holiday Association John McDonald says that "reflecting on our happiest memories of joyful time spent together as a family can be extremely powerful in bringing relief and respite when faced with the darker times that life can bring."

So parents, what are you waiting for? Start researching for that Spring Break ASAP!