How to be a Minimalist and Save Money

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It feels like life is becoming pretty hard for almost everybody, and many people are searching for ways to help them transform their habits and homes. 

Minimalistic lifestyles continues to gain popularity across the world with higher value being placed on essentials and fewer personal items. 

Minimalists strive to use things that serve a purpose and not over consume on everything they come across. 

In other words, minimalism involves living simply and having the things you only need (essentials) for your daily life. 

For instance, you can decide on a no-spend challenge or just focus on buying the items you need. 

This will save you not only money but also time for cleaning and organizing. 

The practice is an ongoing process, and with time, you will always find ways of improving your minimalism. 

As a matter of starting, first, evaluate what you see serves your life a purpose and what is unnecessary. 

How to live as a minimalist and save money

Minimalist lifestyle tips

Here are the essential go-to tips for kick-starting your minimalist journey:

Shop quality and not quantity

Being minimalistic does not mean you cease going shopping or forgo spending. Instead it means spending money on quality things that will assure you long-term usage. 

Minimalism means being intentional about your purchases. Regardless of what you wish to buy, be it a fridge or running shoes, ensure you invest in quality items that last for a long time. 

This will save you not only money but also time and hassles associated with shopping. 

You might be compelled to buy something at a low price, but remember cheap is expensive. The cheaper the product, the lesser the durability; it is better to buy something worth $1000 that will serve you for ten years than buy something worth $10 but replace it every two months. 

However, with the minimalist mindset, remember to cut your coat according to your cloth. 


Eliminate the things you don’t need

Minimalism means cutting down what you don’t need and keeping what is essential. Before you begin decluttering, identify what is necessary and of purpose and what is not. And then see ways you can reduce the items and do away with them. 

Start with your wardrobe. It might be very tough to part with items at first but things will get easier as you progress. Ask yourself what you really need and if you actually use it regularly. 

Very quickly you’ll start to feel unburdened and free. Plus, you’ll start to cherish the items you hold on too.


Invest in reusables

Not everything can be done away with or be disposed of, quite often you can reuse most things. Reusing items can help you cut down double costs. For instance, you can buy a reusable glass water bottle rather than buy a plastic one you will need to throw away. 


Spend intentionally

Sometimes people find themselves spending unintentionally and therefore end up buying things that they did not really want. To ensure you are shopping intentionally, always have a budget to work on. A budget will guide you to avoid wasteful spending and buying stuff that does not comply with your values and needs. Assess every item you ought to buy if you need it and if it aligns with your values and needs. 

Before purchasing an item, stop to think for a few seconds. Ask yourself why you are buying it? Those few seconds help to take a breath and stop over consuming impulse purchases.


Keep your expenses lean

As a minimalist, invest in things that fit your situation. Always assess your investment choices based on what works for your finances and needs. Give your expenses a good spring clean. Perhaps there are subscriptions to magazines or internet services you don’t really use? 

Another way to manage your expenses as a minimalist is to clear as much debt as possible. Debt is expensive, it takes money from your pocket each month. By spending less as a minimalist you may find it quicker to pay off debts and add to your savings.


Be mindful before spending

If you want to be a minimalist, you should be mindful of your expenditure. You should question everything you buy to ensure you do not spend lavishly. You might buy something without giving a second thought, just to realize later that you didn’t need it. Therefore spending mindfully will help you achieve your minimalist goals and save money in the long run. 


Go digital on most things like books and movies

You want to be minimalistic? Right? 

This means you want to reduce the house clutter and the amount of money you spend on your daily expenses. 

For instance, if you are a bit of a bookworm, you can opt for digital books. Instead of having piles of books on your house shelf, consider reading on a tablet. There’s less clutter and you can keep thousands of books right in your pocket. 

Plus there are plenty of free online books that you can read at no expense. Likewise to movies, you can access them online. Finally, digital copies usually cost less so you’ll save a bundle of money.


Cut unnecessary expenses

Averagely, an average human can spend more than $18000 per year on unnecessary expenses. So, to avoid this extravagant expenditure, review your budget and cut down on these expenses. If, in your budget, there are things that you don’t want to avoid, you can find cheap alternatives to them. 


Limit the things you need or want

If you want to become a minimalist, check out your wants. What you have at hand determines how you are going to satisfy your needs and wants. Becoming minimalist focuses on what you own and do. Limiting things that you need can start by cutting off the expenditure on what you like. Or, in one way, you can decide to cut off entirely or for a while the things that you need to buy or purchase. This idea takes in the point of having extra coins left that you put in savings.


Consider selling your stuff

Selling your items or belongings can be challenging, but it is a good idea if you want to become a minimalist and save. You may have items that consume a lot of energy and money; for example, consider your car. Your car may be spending much more than what it brings back to your pocket; you have to buy its fuel every time and take it to service. Take another good example, your motorbike; it needs fuel and service too. You can save the money consumed by these machines if you decide to sell them to cut off such expenses.


Turn TV to free mode

If you are using the subscription channels on your TV, use free channels if you want to become a minimalist. You may be spending a significant number of extra coins that you can as well save. Start using free TV channels to cut off a lot of spending of your money.


Conclusion

Living as a minimalist is simple, but in a way, it can be challenging if you are not ready for it. To become a minimalist, you have to choose to live a simple life, cut off or avoid some unnecessary activities that spend your money. It can become simple to be a minimalist and start saving your money to practice the above tricks.

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