Minimalism has become a popular practice in recent years. When you live minimalistically, you strive to only use things that serve a purpose. It's about simply living and only having what you need for your daily life. For example, some people start a no-spend challenge or just fill their home with things they absolutely need. Not only do you save money, but you also save time on cleaning and organizing.
Practicing minimalism is an ongoing process. You will always find ways to improve and modify your minimalism. First, assess what is currently serving a purpose in your life and what may be redundant. When you practice a minimalist mindset, you are opting for a more focused life. You can start by cleaning up your budget and then move on to organizing your home. Taking the first steps to decluttering your life is a big step, but you may need a game plan to help maintain these habits.
Many of us may have too much stuff and even spend too much on unnecessary purchases. Establishing a consistent and healthy budget should help you cut down on the things you don't need and can even reduce your anxiety and stress. To keep track of your minimalist budget, download our app for easy access. If you're looking to tidy up a bit this season, skip to our infographic or read on for in-depth tips on how to live a minimalist lifestyle.
Minimalist lifestyle starter tips
When starting your journey it is important to start small. From changing your shopping habits to making a purely digital switch, there are many ways to change your routine. Here are our tips to get you started on your minimalism journey.
1. Shop quality, not quantity
Minimalism doesn't mean that you never shop, it just means that you are more conscious of your purchases. Regardless of whether you need a new pair of running shoes or work trousers, invest in high-quality pieces that you will enjoy for a long time. While a higher price may not be ideal at this point, you will likely save money in the long run by reducing frequent purchases. Not to mention reducing waste – a garbage truck of clothes is thrown away every second.
2. Digitize films and books
If you are a big reader or movie watcher, consider digitizing your collection. This saves space in your home and ensures that you always find what you are looking for. Instead of having to go to the store for your next read, you can have it at hand with just a few clicks. If you want to physically feel the book pages every time you turn the page, be sure to check your local library. You can find all kinds of books for free.
3. Eliminate, eliminate, eliminate
One of the most important aspects of minimalism is cutting down on things that you don't need. To start clearing out, identify what is and what is not for a purpose in your life. From there, start by seeing how you can cut down on things that don't add value to your life and then get rid of them completely. You can test the water by completing a mindful money challenge before clearing out your entire life.
4. Invest in reusable products
When you start tidying up your home, think about which products could be reused. A simple change could be to swap out your disposable water bottles for a reusable glass bottle. Or bring your reusable takeaway coffee mug every time you visit your local coffee shop. Not only can you get a discount if you bring your own mug, but you also help cut down on single-use items!
5. Give everything a place
Once you've found a rhythm, give each item a place. Get creative with storage bins and organizers to make sure you can store exactly what you need. If you don't have room for some of your extras, it may be time to consider whether they are items that you really need to keep. If your minimalist space is fine, it is your responsibility to put items away when you are no longer using them.
5 Money-Saving Minimalism Best Practices You Should Follow
It is one thing to start your minimalism journey but another thing to keep your practice going. There are a few simple practices to lead a conscious life. Read on to see where this can help you save more time, money, and stress.
1. Invest in experience
A popular practice in minimalism is to prefer experiences over purchasing material items. Some people cherish the memories made by traveling or taking classes about the latest gadgets or fashions. Determine where you are and spend on purpose.
Since minimalism can reduce your "extra" budget spending, you may have more leeway for other things as well. With this extra budget, be aware of where you want to invest your money. Save your budget on take away coffee to invest in a family weekend away. You may find that you are saving more and spending less time doing things that are on your budget.
2. Re-examine your life frequently
Take the time to evaluate your current spending habits and then review them consistently. Always cut out things that take up space or events that use up your energy. As you become more comfortable, you may want to get rid of things that you thought you couldn't live without. For example, your cluttered kitchen can be useless if you reach for the same items every time you cook – cut down on the things you haven't used to make more cooking space.
3. Reduce pointless spending
It turns out the average American spends $ 18,000 a year on unnecessary purchases. Checking your budget can potentially save you a large portion of that expense. For things that you may not want to eliminate entirely, find inexpensive alternatives. You can trade a county vacation for a stay in your backyard.
4. Let go of what you cannot control
Letting go of things that you cannot control may seem easier said than done. To find this balance, first focus on things that you enjoy doing or having. When you have narrowed down what is most important to you, focus your energy on it. Gratitude for what you have can even reduce your budget. You may find yourself reusing what you have instead of wanting more.
5. Appreciate what you have
Practice gratitude and focus on the positive. Instead of scrolling through social media, write down three to five things that you are grateful for. Practicing gratitude in the morning can put you in a positive mood and help you prepare for the day ahead. Being grateful for what you have might even reduce your urge to spend on things you don't need.
Living like a minimalist may take some getting used to, but the rewards can be worth it. As you clean up your life, you may find yourself less stressed about small things. You may even find that your budget is easier to manage and you gain more clarity in making decisions. Minimalism can shed light on what you do that you don't want to focus your time and energy on. Many areas of life can feel the effects of minimalism, such as your budget, your home, and your relationships.
Do you think you could be a minimalist? If so, check out our top TED talk tips on practicing minimalism and how you can benefit from it. It turned out that sometimes living with less can mean so much more.
Sources: Cents make sense | CNBC 1, 2
Sign up for Mint today
From budgets and bills to free creditworthiness and more:
Discover the effortless way to stay on top of things.
Learn more about security