This post may contain affiliate links. Read my full disclosure here
Minimalism has become very
Something that most people personally only learn after embarking on this journey to decluttering their possessions.
A huge contributing factor in this rise of people seeking a more simplistic lifestyle has been a direct result of a book. This book that was recently turned into a Netflix series, and has since been on many televisions across America.
The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing by Marie Kondō.
One of the benefits of minimalism is the way that it changes your views towards money.
The Financial Benefits Of Minimalism is an unanticipated reaction to decluttering and organizing your home. One that honestly- is pretty great.
When you first embark on the task of decluttering your homes, it can seem exhilarating. The rush you feel as you get rid of old things, mixed with the excited anticipation of what your home will look like once done, is an adrenaline high.
After a while it starts to wear down and you can feel like decluttering is in fact- a chore, and not some life altering event.
This is where you’re wrong.
There are 5 steps on the minimalism ladder. To enter into exhaustion mode is only ladder step #2.
Pass through this step and you’ll arrive to the conscious consumer step #3.
This is where your mindset changes and the financial benefits of minimalism start to kick in. At this point you have officially decluttered your possessions and settled into a happy routine.
All of your belongings have a place, and you are happy. You’ve found a great balance in life with your meal planning and fancy folding. You truly love yourself and the space around you. No longer feeling obligated to buy things for other people. You don’t buy for who you want to be, or to impress others.
You view money and stuff differently.
After having gone through everything you own, you are left with items you need or have deep sentimental value to. You no longer buy things just because you want them.
Chances are, if you can’t visualize a proper place for it- you don’t buy it.
It’s easier to avoid temptations at the store. Walk in and out of Target with only the 3 items you entered for. And not have a giant fur pillow for the sake of owning it, just because it was soft.
By viewing your purchases differently, you are not only helping to keep your home life less stressful, but you also keep your budget in check. Which helps you to live below your means and that can lead to paying off debt even if you’re low income.
After removing unwanted physical possessions from your life, you start to take on the task of looking for more. Moving on to things such as paid subscriptions and paid members-only clubs (gym memberships.)
If you can’t see yourself using them within the next few months, you cut them out of your life too. Saving you more money.
[Related] 3 tips for selling used stuff online
Minimalism makes you prioritize your spending
Whether you are making the conscious efforts to do so or if its just a natural response to the lifestyle change, it happens as a benefit of minimalism.
Realizing that it has done so and that you are more aware of your money is a great aid in paying down your debt. You are able to gain the
Organizing your finances so well that you can add sinking funds and not misplace money.
Removing cable, internet or daily coffee stops from your life won’t seem so scary or difficult. Neither will bring your bills down to the bare necessities.
Getting rid of these expenses will give you a bigger shovel to tackle your debts as well.
So, to recap- The financial benefits of minimalism:
- You only shop for yourself, and no longer shop to impress others
- Less impulsive shopping, because everything has a NEED or PLACE to go
- You gain focus and clarity with your budgeting skills and can stay on target
- Actively seek out more ways to organize and destress your budget
Minimalism can be a great life changing event to undertake. If you’d like to try your hand at removing some clutter and adding clarity to your life, I have included a special 20-day Struggle Today Minimalism Challenge for you.
If you try this challenge, make sure to come back and post in the comments about how it went!
What are some other benefits of minimalism?
Have you benefited from minimalism in any way?
I’d love to hear about it in the comments below!
Like this post? Pin it to save it for later!