Minimalism and simple living have so many benefits. Living a simpler life, decluttering your home, and embracing experiences over things can lower your anxiety, give you more free time, and generally help you live a more fulfilling life.
Minimalism can also save you a lot of money, even if you are not a “frugal minimalist”. It is just one of the many unexpected benefits of minimalist living.
This week marked my 1 year anniversary from quitting my job!!!!! It has been the most amazing, penny-pinching, fun experience for our young family so far! Giving up over half of our income was not easy, but I attribute much of our success to minimalism and simpler living.
If you want to read more about my journey, I would love it if you checked out my post on embracing a simpler life.
For more ideas on how you can save on overall monthly expenses, check out my most recent post: How to Save Hundreds of Dollars on Monthly Expenses.
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Here are 10 ways minimalism saves our family money:
1 – We only buy clothes we need.
With minimalism, you stop buying clothes solely because they are on sale, cute, or because you are bored with the 50 outfits already in your closet. You create your own version of a capsule wardrobe, and you wear those clothes until you NEED something else.
I usually buy higher quality clothes, knowing I need an item to last for a long time. Ultimately, I get more for my money, as I don’t have to buy clothes as often.
Do you know how many clothes end up in landfills each year? The US sends billions of pounds of textile waste to landfills every year! That’s crazy.
Even with all the KonMari rage and lessons learned from Marie Kondo, donations centers are overwhelmed and overfilled with clothing items they can’t donate.
If you are not motivated by the money savings of buying less clothes, then be motivated by the environmental impact.
Want an extra boost to get started with decluttering? Join our FREE 5-Day Declutter My Home Challenge to get small, actionable steps that get you well on your way to a more clutter-free home!
Related post: How to Declutter Your Closet Fast
2 – We spend less money on food because of minimalism.
Minimalism has taught us not to waste.
We created a minimalist pantry, and we try really hard to use the food we have on hand before going out and buying more food. Sometimes our fridge looks empty and sad, but really it is because we try hard to only buy what we need.
This practice creates huge food savings!
We also eat out a lot less because we have a plan for our food in our home. I’m a HUGE fan of the meal planning service, eMeals. It saves me money and time with my meal planning.
Emeals allows me to
If you are interested in eMeals, you can get a free 14-day trial. If you buy a plan for the entire year, it only costs you $5/month!
I save way more than that in time and impulse buys. Totally worth it, and you can even switch meal plans depending on your dietary needs that week, month, etc. For example, when we have low carb folks come to town, we switch to the Paleo meal plan.
Related post: Review of Emeals: Meal Planning for Busy People
3 – I don’t buy purses for fun.
I don’t know why I gave this its own category. Probably because I see so many women who love purses but have more than they really need. It seems like such a waste of money.
I have two purses. One for everyday use and one for formals parties. I guess I’m not cool in the purse world. 🤷♀️
4 – We don’t buy things just because they are on sale or shop for fun.
Yea, you know the clearance end caps at Target? I avoid those now. They used to be my favorite areas to shop while aimlessly walking around Target with a Starbucks in hand.
Buy things you need, not things that are just a good deal. If you like to shop for fun, try doing a no-spend weekend at home. Here is a list of activities you can do instead of shopping.
For a print-out of
5 – We buy practical, multi-purpose items.
Minimalism taught me to buy multi-purpose items and to stay away from single-use items. I love me a good kitchen gadget, but a melon-baller doesn’t have that many purposes!
6 – We limit the number of toys we buy our kids.
My kids get toys twice a year, Christmas and birthdays. They play outside…a lot.
Minimalism doesn’t mean your kids have to go without toys, but there are a ton of benefits to kids having fewer toys. Minimalism taught us this, and it saves us money.
7 – We are cord cutters.
We simplified our TV watching by cutting cable. This
When you don’t have 1000 channels to watch, you watch a whole lot less TV!
Related post: How to Limit Screen Time for Kids (Our kids watch 4 hours or less per week.)
8 – I consolidated my hobbies.
I no longer try to sew, scrapbook, knit, crochet and all the other things that bring me joy by creating. This doesn’t mean I am no longer creative now that I am a minimalist.
Instead, I try to focus all my efforts on one or two hobbies. If I bore of them, I can use up the materials, finish my projects and then move on to the next hobby.
9 – I buy high quality items.
I buy fewer, higher quality items, which saves us money in the long run.
For example, my kids wanted a Dora backpack for back-t-school. Instead, we took them to TJ Maxx and presented them with choices of backpacks that have lifetime guarantees. No new backpack every year in our house. They are ok with it. They have nice backpacks not falling apart before the end of the year. They are also learning the value of buying higher quality goods.
10 – I embrace reusing and re-purposing items.
Minimalism taught me to be creative, especially if I don’t want to go out and buy more stuff. This practice saves us a ton of money.
We try not to have duplicates in our house, and we try to buy items that have more than one purpose.
Minimalism saves us money
Minimalism and simple living made me a happier person. My home allows me to breathe again and feel relaxed. Yet, minimalism also saves us money every single day.
Minimalism and the money it saves us is the reason we can enjoy the life we live now. I wouldn’t have it any other way.
How has minimalism saved you money? I would love to hear from you!