You might even find some old clothes or belongings you totally forgot about. You can probably tackle rearranging your closet within the span of a day, freeing up space you never even knew you had. Instead of diving headlong into a full renovation of your home, practice on a small project first. Unnecessary appliances can run up your energy bills, uneaten food can spoil over the course of time and those unread newspapers in the corner cost you money that could have been spent elsewhere. Apart from resulting in a messy appearance, this can actually cost us money. Some of us are living with too much clutter in our homes. Not only does it help you track and pay your monthly bills, but it lets you manage any bank or credit card accounts, too. One of the most popular solutions is “ Mint: Budget, Bills, Finance,” which was developed by Intuit. There are countless apps available for consumers who need help controlling their spending. The final 10% of your budget, known as “fun money,” can be spent however you see fit. Place an additional 10% in reserve for short-term savings, which can cover unexpected medical expenses, automobile repairs and even gifts for your loved ones. Instead, the 60 percent solution goes on to allocate 10% of your income toward retirement and another 10% toward debt reduction and minimization. Many consumers have a tendency to stop budgeting after these things are taken care of, but this could result in financial issues in the future. This includes your monthly rent or mortgage payment, food, utility bills and transportation. One of the simplest budgets, known as the 60 percent solution, has great user success rates.Īccording to this format, you should reserve 60% of your income for common monthly expenses. This is much easier said than done, but it’s critical when trying to do more with less and fully embracing the minimalist lifestyle. You’ll also want to establish a budget and, more importantly, stick to it. Apps like “ Trash Nothing!” can help you find others in your area to trade used goods with and share in the lifestyle. Popular among those who are interested in donating their used goods or receiving donations from others, it’s a trend that’s important to the minimalist mindset. The act known as freecycling is also gaining momentum. Using reusable or washable dishes around the home and at work can save a significant amount of money over buying disposable goods. Some electronic appliances can be repaired with little knowledge, including modern computers. Learning how to sew, if you don’t already know, can come in handy when mending and reusing your old clothes. Reuse What You Already HaveĪ fundamental component of recycling, the simple act of reusing what you already own is a great way to stretch out the lifespan of your belongings without having to stretch your wallet.Ĭrafty types can easily come up with ways to reuse most of the items found around the home, but there are some basic tips to keep in mind, too. Mobile connectivity has also resulted in a greater reliance on apps and utilities than ever before, many of which are aimed at helping you do more with less. The increased accessibility of modern technology and innovative software solutions make it easy to live a minimalist lifestyle. Studies like this prove most people value their free time over money or expensive possessions. Recent research at the University of British Columbia indicates that most would prefer a shorter commute to work to owning a more expensive house. You might think that you want that new cell phone or laptop computer, but your subconscious is really more interested in the act of purchasing the item than actually possessing it.Īdditional studies have shown that personal hobbies also result in more long-term enjoyment than material possessions. According to their results, the vast majority of humans find more happiness in the act of doing something as opposed to having something. Psychologists have taken their studies into hedonic adaptation one step further by analyzing what happens when people stop acquiring new stuff. This is a bad habit to get into, but it affects many consumers around the world. Once the novelty wears off, most of us revert back to the state of wanting more, newer things. Not only will the act of learning to do more with less save some of your mental health, it will also save some of your hard-earned money.Īccording to the laws of hedonic adaptation, humans tend to get used to their new belongings after a short while. While this may be true in some social circles, the field of modern psychology has actually proven otherwise. Some people are under the impression that having more stuff results in increased happiness.
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