When I first got into minimalism, I got rid of a lot of stuff. Then, I used that as a justification to buy new stuff.. Yeah, that’s not smart. I would definitely say that I used to be a bit of a shopping addict.
Minimalism isn’t only about living with less, it’s also about being an informed and conscious consumer, and being intentional with your time and money. But how does one go about doing that?
Do you need it?
This is a pretty straightforward question, but bear with me. I notice that sometimes when I’m out shopping, instead of asking myself do I need it, I start justifying the purchase for myself.
- I deserve to treat myself
- It’s a very cheap item
- It’s on sale
- I’m sad and I want to make myself happy by buying something
- I can always return it
By stripping away all of these justifications and being completely honest with yourself, it becomes much easier to decide if this item you’re about to buy truly has a place in your life.
Reduce your exposure to anything that’s trying to sell you something
Unsubscribe from mailing lists! Seriously, it might take you 10 minutes in total, and it will absolutely change your life for the better. Personally, I also stopped watching haul videos on YouTube. Seeing other people buy a bunch of stuff didn’t help me when I was trying to not spend money.
But you might also be sensitive to people showing off their pretty homes, walk in closets or expensive vacations, it really depends on the person. I didn’t actually unsubscribe from many YouTubers that do hauls or trigger me to buy stuff, I just choose not the click on specific videos in my subscription box. Continue reading “How To Stop Shopping And Save Your Money: 7 Tips”
Saving money should absolutely be a priority in your 20s, but for many people it’s not. Around 45% of millennials aged 18 to 24 have as little as $0 in their savings account, or they don’t even have a savings account.
Saving money when you’re young is important, because one day you’ll want to buy that house, fancy car or even retire early. These strategies will help you get started with saving. Believe me, starting out is the hardest part, once you get going and you see that number grow every month, it becomes a bit addicting!
Send some of your paycheck directly to your savings account
If you have a fulltime job, it’s important to know how much money is going in and going out every month. Ideally, you will have some money left. Whatever is left can be put in two categories: ‘fun’ money and savings. Figure out how much you want to put into your savings every month, and set up a direct deposit, so it goes directly in your savings account.
Wait before making big purchases
Do you really need those $200 shoes? that $500 handbag? I know that voice in your head tells you to treat yoself, but it might be better to wait a little – even if it’s just 24 hours. I started doing this a while ago, and it has helped me a lot – I usually don’t even want the item anymore after a few hours.
Don’t cheap out on insurance
Wherever you are in the world, I believe you shouldn’t cheap out on insurance. It might suck to pay the monthly bills, but it sucks a lot more to pay for something out of the pocket when you need it. You never know when you will need that trip to the emergency room or you accidentally set your apartment on fire. Continue reading “Saving Money In Your Early 20s: 5 Tips To Get You Started”