When things have taken over your life, minimalism puts you back in control.
In 2014, the LA Times published an article on the amount of “stuff” that we Americans surround ourselves with. Back then, the average American family had 300,000 things in their home, from bedbugs to toasters. And while the number of children in the United States was less than 4% of the total number of children on the planet, American children owned nearly half of all toys and books. Considering how many additional items we have purchased to comfortably shelter us over the past year, it is fair to assume that we have even more of these today than in 2014. Here we will discuss the resumption of our homes by embracing minimalism and the five ways the practice can save money.
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What is minimalism?
In short, minimalism is a design in which the fewest (and simplest) elements are used to create the maximum impact. Think of a model house. One of the things that makes the space attractive is the minimalist design. The furniture in each room has a purpose, and the art is simple yet impactful. There is no extra furniture thrown in for “flair”, no trinkets lining the shelves, no mental mess.
Minimalists strive to keep only the things that serve a purpose. They have everything they need for everyday life without being surrounded by all the possessions they “may” someday need or the wastes they have become emotionally attached to.
The benefits of minimalism don’t stop at being able to clean the house faster. Being minimalist can also fill your wallet.
Earn money by selling goods
Before you save money, a minimalist lifestyle allows you to Make money. This is additional funds to consolidate your emergency savings account, start investing, or pay off existing debt.
Walk around every room in your house, including the basement, garage, and attic (if you have items stored there). Take a moment to touch each item and try to remember the last time you used it. If it’s been a while, there’s a good chance you can live comfortably without it.
Host a garage sale or advertise on Facebook Marketplace or your neighborhood website. In the easiest way for you, sell the things you haven’t used. Why continue to house things that are of no use to you?
Once you’ve thrown the extra stuff out of your life, here are five ways to save money.
1. Fewer duplicate purchases
Have you ever bought a birthday present but can’t remember if you had birthday cards or wrapping paper at home? Because minimalism leads to only keeping things that serve a purpose, you’ll have a much clearer picture of what you already have. This means reducing duplicate purchases and saving money in the process. Every saving means more opportunities to invest in your future.
2. Intentional purchase
Sifting through your possessions, removing things you don’t need, and selling them to someone who might find a use for them takes effort. After you’ve put all of that work into the project, you’re less likely to want to fill the space. Maintaining simplicity requires intentional purchases, and intentional purchases do not mean unnecessary purchases.
3. Focus on needs rather than wants
One of the benefits of minimalism is the way you get to know yourself. After a while, you’ll have a better idea of what you value – including the things you “want” and the things you “need” to live your best life. Just cutting back on wants and focusing on needs can benefit your monthly budget.
4. Look for quality
Let’s say you need a new winter coat. Rather than buying the first discount jacket you see, you are looking for quality. You want something built to last. It may cost more at the time of purchase, but if a high-quality coat lasts several years longer than a discount coat, you’ve got the money up front.
5. Savings on housing
If you’ve been thinking about increasing your height because you have too much stuff to comfortably fit into your current home, or if you’re sure you can’t downsize for the same reason, going minimalist can remove this barrier. Think about your life without all the extra stuff you lug around. If you kept only the goods that serve a purpose, how much less space would you need? The ability to comfortably live in a smaller space gives you the opportunity to save money on housing.
If you decide to adopt a minimalist lifestyle, don’t be discouraged if you can’t do it all at once. Minimalism is an ongoing process. You can spend years refining what works best for you and ditching the assets that are slowing you down. The whole concept behind the practice is to find a healthier, happier way to live. If it’s taking you a little longer than expected, so be it.