In the last few years, minimalism has been something that I’ve become very interested. Minimalist living is on the rise thanks to the hugely popular The Life-Changing Magic and Tidying Up books and the accompanying KonMari Method. A minimalist lifestyle is highly rewarding and can help you find true happiness.
What is minimalism?
Many definitions exist of minimalism. Different people have different definitions of minimalism. Minimalism is about getting rid of things that don’t make sense in your life and eliminating clutter. It’s also about focusing on the things that bring you joy.
Minimalist living to me is about removing clutter and making your life, home and your wardrobe what you really want.
How a minimalist life can help you improve your finances
Living a minimalist lifestyle can make a big difference in your financial health. It can help you save money, get out of debt and build wealth.
A minimalistic approach will help you achieve your financial goals quicker and improve your outlook as you work through the process to build wealth. Let’s look at how a minimalist lifestyle can help you improve your finances.
Clarity around core values
Minimalist living means letting go and focusing on the important things in your life. Your core values will be the most important things in your life. Once you have identified your core values, you can begin the process of eliminating ( living with less) and adopting a minimalistic lifestyle.
Imagine that you love to travel. Instead, you spend endless hours at the mall shopping for things that you don’t use. Instead, put your spare funds into a travel account to spend on experiences that truly make you happy.
Living a minimalist lifestyle allows you to spend less
A minimalist approach to finances can help you spend less. You might disagree with me. Simply because you buy less, it does not mean that you spend less. Hear me.
Many times people purchase things simply because they are cheap or seem great deals. This can lead to purchasing too many or items we don’t actually need. Instead of focusing their core values (the things they truly value), it becomes a focus on the next sale or the next bargain.
Get rid of your debts faster
As mentioned above, minimalism is about buying less to have more money for the things you care about. Getting out of debt!
You can quickly get out of debt by putting more money against it. This will allow you to start investing more towards your financial and personal goals. This is a win-win situation: Buy less, Have More, Pay Off Debt, and Build Wealth.
Living a minimalist lifestyle allows you to live below your means
A minimalist lifestyle can help you to live below your means. This helps you to avoid impulse shopping, and it teaches you to enjoy experiences instead of focusing only on materialistic things. This will help you reduce your spending and allow you to save money.
Contentment and peace of mind
A minimalist lifestyle can lead to peace of mind and content. Eliminating clutter and unnecessary spending can reduce stress . You will feel happy and content because you only spend money on things that bring you joy.
It’s not necessary to worry about what you store or maintain, or how much you have to pay for items that you don’t really need. This helps to combat feeling devoid of contentment.
Living a minimalistic lifestyle will save you money
It can be difficult to make the decision to live a minimalist lifestyle. It takes time to adapt to a minimalist lifestyle. Even after many years, minimalism is something I still strive for in my daily life. This approach to life is extremely rewarding and completely worth it.