How to embrace minimalism and save money in the process
You may not realise it, but having a lot of stuff can cause overwhelm, adding to a feeling of mental clutter and anxiety.
Minimalism, or adopting some minimalist habits, can help you feel more at peace, and less consumed by all of the things you own.
But the benefits don’t end there. A minimalist mindset can help you save money, clear debt, and stay out of it, too.
Minimalism can be a fantastic tool to teach you what the important things for your life truly are.
When every item that you buy has a purpose, or value that it brings you, you begin to be much more selective with what you spend your money on, and therefore saving money is a happy consequence.
Contrary to what you might think, minimalism isn’t about not buying stuff – but in fact being more intentional with what you do buy and using more of what you own.
It is not a lack of things – but not accumulating things that you don’t need or won’t use. It is making space for things that bring value to your life and not buying things without intention.
Saving money becomes a way of life when you adopt minimalist behaviours.
Of course, firstly because you’re not buying as many things, but on a deeper level, you begin to not want new things or more things. Not buying things on impulse can contribute to saving money without any effort or hardship and these habits will become second nature as you become more intentional.
Prioritise quality over quantity
When you have fewer things in your life, the things you do have become more important.
We’ve all heard ‘buy cheap, buy twice’, and for good reason.
Rather than getting the best deal or the cheapest price, a minimalist would choose a product that brings the most value to them and for it to last longer, this often saves money in the long run.
Sell your stuff
Stop collecting and make money from selling your things, instead.
Once you start letting go of things that don’t serve you, and selling things that you no longer need, you’ll not only be able to declutter your life but you’ll make money from it, too, which can be used to pay off debt or save for something important.
Minimalist habits that help you save money:
- Spend with purpose and intention.
- Make do – don’t buy new if you can mend what you have
- Recognise your needs vs wants.
- Buy things that bring you value, not to impress others
- Shop second-hand
- Buy more premium items that need replacing less.
- Be creative with things – use what you have to create new things such as reinventing outfits or upcycling things
- Spend less than you earn.
- Simplify your life: Less stuff, less overwhelm.
Ask if purchases bring you joy or have a purpose
Living with less is important for saving money. Once you get to the point of only allowing things into your space that bring you joy or have a purpose it helps you revaluate each decision you make.
Before making any purchase, ask if it genuinely brings you joy or will make your life noticeably better.
You’ll often find a lot of impulse buys don’t really fit that criteria, and the less you buy, the more you can save.
Spend on experiences over things
Minimalists often believe in spending their money on experiences over things – which is proven to make you happier.
Shifting your priorities from owning the latest phone or high spec car to investing in valuable experiences and making memories with loved ones is a worthy exchange.
Focus on your health
Your health is wealth – when you cut out the noise around you, whether that is the physical clutter around you or simply the extra time you have because you’re not shopping so much, you can focus on your health.
Health is wealth – repeat that as your mantra. Focus on your health, whether that’s keeping fit, or simply cooking meals from scratch.
Taking time to spend an afternoon walking rather than at the shops can help your physical health as well as your bank balance’s.
Minimalism can offer a sense of freedom. Freedom from debt, bad habits, money worries or just from the never-ending cycle of living pay cheque to pay cheque.
Once you start spending more intentionally, living more mindfully and being more minimalist, saving money will be easy, because you wont have the urge to spend your hard earned money collecting things to take up precious space in your home.
But it wont just help you save money, it will help you live a more peaceful life and make room for what’s important.
Don’t forget to head over to my blog, my YouTube channel and Instagram for daily money saving advice, tips and hacks for living your best life on a budget.
For more money-saving advice as well as chat about cash and alerts on deals and discounts, join Metro.co.uk’s Facebook group, Money Pot.
Source: Read Full Article