How Minimalism Can Improve Your Finances

How Minimalism Can Improve Your Finances

Minimalism is meant to be a tool in your life to help you focus on what’s truly important- having your finances in order helps you not be distracted by money.

But there is this idea out there that you can’t start minimalism unless you have lots of money. It’s the idea that it costs a lot of money to BE a minimalist. (However much a “lot” is.)

I’ve read blog posts about how minimalism is an exclusivist lifestyle for the rich and that it’s only a way to flaunt your money.

I actually feel bad that those bloggers had those kind of encounters with so-called minimalists, because that is not what it’s about. Good grief, minimalism is about NOT buying things, so I’m not sure how they’ve gotten the idea its about flaunting your wealth.

What minimalism is NOT:

  • It isn’t about only owning a few super expensive clothing items that are a status symbol.
  • It isn’t about getting rid of everything because you have enough money to buy it brand new anytime you want.
  • It isn’t about creating an envious lifestyle.
  • It isn’t about being a snob.

If you are pursuing minimalism because you want people to see how amazing you are, and how filthy rich you are, than you’re simply seeking notoriety.

Sorry, but it’s true. Minimalism is about providing us with more freedom and less stress in our own lives, and not worrying about other people’s opinions of our lifestyle- broke or not.

So if you think you have to have money to become a minimalist- think again!

(The following contains affiliate links. 🙂 )

How Minimalism Can Improve Your Finances

I can say this with authority. When I began learning and implementing minimalism, I was 22 years old, pregnant with a second baby, my husband was finishing college, and I was paying for groceries with my change jar.

(I wish I could say I was exaggerating about the change jar- but I’m not. If you need tips on how to survive when you’re flat broke, send me an email, I’ll help you out. 😆)

 

How Minimalism Can Improve Your Finances:

You Stop Buying.

Minimalism helps you be intentional about what you buy.

Trust me, when you go to the work of removing all the clutter from your home, you’re going to think twice before you bring more stuff in.

BECAUSE you are intentional about what you have in your house, you tend to be more careful about what you buy. You get to ask yourself if you truly want something before you buy it.

When you’re not buying things spur of the moment, you’re finances are going to be way better off. No more impulse shopping!

You Make do.

Sometimes as a minimalist, you still think that, “oh yeah, having an ice cream maker would be great at this moment.” There are still moments where some things would be fun to have- for a little while.

Instead of rushing out to the local Target, you find ways to make ice cream with your kids a different way.

And there is a way you can each make your own ice cream in a bag.

This is a random example. But you see the point I’m making. You don’t need expensive space consuming gadgets to enjoy life, or enjoy doing things with your kids.

There’s almost always a way around a specific gadget that would only be used once a year.

You make money.

When you sort through all your things and begin setting up your “get rid of” piles, you can actually make money from it.

List your items on craigslist, Poshmark, Facebook, etc. If you want to learn more places where to sell your stuff, read about it here.

But getting rid of things can help you make some extra money on the side.

Sell your clothes, your furniture, unused appliances, etc!

You have better health.

One of the main benefits of minimalism is it lowers your stress levels. When you’re home and life are in order, you won’t feel stressed or worried about it.

The less stuff you have, the less you have to worry about.

So, what does this have to do health and finances????

Did you know how many health problems can be triggered by stress?

Heart attack, aneurisms, high blood pressure, some experts even link it to cancer, gallstones, depression, etc!

I don’t know about you but that’s a lot of money in medical bills!!

You have more time to spend on side hustles or jobs.

When you spend less time taking care of stuff, worrying about stuff, and buying stuff, you have a LOT more time.

If your finances are tight- this is perfect for you, because that means you’ll have more time to work!

You’re like, “Yay Carina. Just what I want to do with my extra time.”

I hear you.

BUUUUUT, we’re talking about how to minimalism can improve your finances. And this is one of the best ways. Find some kind of side job you enjoy, and do that in your spare time.

Sure you could use your spare time to focus on frugal living things like couponing, DIY’s, etc. But I think you’ll find it’s more financially lucrative to spend that time EARNING money rather than SAVING it.

I’m a big fan of frugal living but, if you spend 1 hour trying to save $5 or your spend 1 hour working and earn $20, which would you do? If you need some work ideas, check out this list here!

How Minimalism Can Improve Your Finances

What are ways that minimalism can improve YOUR finances?

Would these ways be applicable to you??

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