8 EASY Minimalist habits to start saving money 💰
By Malama Life
Summary
Topics Covered
- Minimalism Channels Money to Values
- Declutter to Recover Cash
- Meal Planning Crushes Eating Out
- Repair Beats Replace Long-Term
- Research Slays Impulse Buys
Full Transcript
hi everyone welcome back to my channel my name is sophie and i make videos on slow living and minimalism one of the reasons why i wanted to adapt
to a more minimalist lifestyle was because the idea of living simple with less sounded really attractive to me this really helped me to become more intentional in all aspects of my
life including my finances over time i noticed that i was cutting back on my impulse purchases mindless spending
over consumption instead i'm able to now focus on my long-term money goals minimalism isn't necessarily about spending less money but channeling our hard-earned money
towards the things that we actually value in life by putting in a little bit of effort to be more resourceful and organized i noticed how big of a difference it really makes
so here are eight minimalist habits that can help you to save money consumerism becomes excessive when we buy beyond what's needed since adopting a more minimalist
approach i realized how much money i was spending towards things i didn't even need or even worse things i didn't even know i was paying for
from spending too much on clothes cute little decor items apps subscriptions memberships excessive utility bills this all started
to add up very quickly yet i wasn't any happier because of it i think that's how the vicious work to spend cycle begins
as lifestyle inflation starts to creep in we have to work even harder and longer to keep up with our spending habits and we spend because we want to treat ourselves or because
we feel like we deserve it but what we truly deserve is a life free of debt and free of financial worries i noticed a lot of my excessive spending
was out of carelessness having a budget frequently checking our statements being more organized and determining our priorities
can help us to restructure how we choose to spend it's not about obsessing over every little penny but more about being careful so we can
spend money on things that we truly value in life [Music] i made a whole video on the benefits of
decluttering and how we should implement this as part of our routine but what happens to all the things after we declutter [Music]
instead of throwing away everything i like to go through the items and see which ones i can sell first it's always a win-win situation because i can get rid of all the clutter in my
home while making some money back from these unwanted items for the past couple of months i've been listing my stuff on craigslist amazon poshmark facebook
marketplace to find a new home for my belongings it was kind of frustrating in the beginning i felt like i was spending more time on it than it was worth
but now i found a system to streamline the process if you can't sell your items then another great way to get some money back is by donating it to a non-profit
or a charity to get some money back from those unwanted items you'd be surprised at how many great organizations that are out there and the people who are in need of those
[Music] things one of the core principles of minimalism is to simplify all areas of our lives and i think we can bring this concept
into the kitchen as well meal planning has been a game changer for us it saves us so much money from eating out and also produce going bad and the
decision fatigue of always wondering what we're going to eat of course we all want to eat healthier and more home-cooked meals
but our busy schedules can prevent this by selecting our recipes ahead of time we can shop prep cook our meals and have it ready for us at any time
[Music] so that we don't get bored of the same meals i'll batch cook two or three meals and freeze some so we just need to heat it up when we come
home from a long day this way we're not always tempted to spend money by eating out
or gravitate towards junk food can take the concept of simplicity and bring it into our homes i used to always be in the hunt for the
perfect decor item or a painting or vase that would fit perfectly into my space but i came to a clear realization that i really didn't find
any value in these items because when i started to declutter these were the first items in the donate or sell pile more than ever i'm learning how to
appreciate the empty spaces in my home instead of trying to fill every room with something for simple decor i do like to have plants in my space
i love the green that it adds to my extended living space and also it acts like a privacy fence for my neighbors [Music] i've been propagating plants from my
cuttings and it's such an easy way to work with what i already have it's so easy to do this with my devil's ivy monstera pineapple succulents
and it's a great way to add life and green into my space without spending any money on other decor items [Music]
minimalism is all about living with less and i think that also includes eliminating unnecessary expenses repairing something might be more effort
and more time instead of just purchasing something to replace it but i think this mindset can help us to save a lot of money in the long run on an individual level
but also help to slow down product waste and reduce what goes to the landfills surprisingly so many things are simple
to fix and now we have the power of the internet to help us fix pretty much anything if you can't do it it might be a good chance to look up
different services in your community get to know your local tailor cobbler handyman electronic technician yes you'll have to pay the service fee but
it will most likely be a fraction of the cost of the brand new item if you were to replace it we just picked up these bikes from grandma's house and i'm so excited to ride them
it's not exactly the beach cruiser that i've always wanted but it's okay because i know that i will get the same value out of them
and i think that's what's important one of the ways that has truly saved me a lot of money is to take the time and do the research ahead of time
i found that the more informed and organized i am the less likely i'm able to make impulse purchases i try to do this with every purchase i'm going to make so something as small as
picking out the right shampoo or going to pick a restaurant we want to eat at to larger purchases like looking up reviews on a camera or a lens
or researching the market before we invest in a property i noticed that i have less regrets about my decisions and i cut down my impulse buying habits
by taking a little extra time to research it gives me the time to ask myself if it's worth the cost what will be the cost of use will i get
enough value out of it is it something i want to take care of is it worth taking up the space in my home after going through these questions i can really
filter out the things i need to purchase and sometimes i'll decide not to buy it at all [Music] shopping second hand is second nature to
me now before i buy anything i'll look at second-hand stores thrift stores garage sales to see if i can buy second hand
first [Music] if it's only going to be used once or twice
we can even borrow from our friends families neighbors or look into renting it [Music] if we can get the same value out of the
item i don't think it's necessary to buy it brand new at market price when there are people who are also trying to get rid of that same exact item
i feel like there are already so many things out there in the world and if we can do our part to try to look for a second hand or pre-owned item first then we can really
make a difference in slowing down product production and stop throwing away perfectly good items that could be used in someone else's home
my mailbox and inbox were always filled with promotions coupons discounts just unsolicited advertisement and this can feel really
overwhelming and exhausting not to mention really really tempting to want to spend money on that good deal that you are always missing out on if
you are like me and don't want to spend your time sorting through mails and emails or you don't want to be tempted by these sales and offers then i highly suggest taking an
afternoon to unsubscribe from the newsletters and email promotions from all the different companies if you want to stop getting
unsolicited mail emails and phone calls i'll leave a link in the description on how you can opt out of receiving them
not having the constant reminders of the black friday sales promotions discounts that's going on really help me to stop making impulse purchases if i need to buy an
item i want to be the one doing the research to find the company i want to purchase from and not the other way around these are the eight minimalist habits
that can help you to save money and the best thing about it is just little simple adjustments in our day to day and you will be able to see the effects in the long term
another youtube creator alex made a video on investing and minimalism which i thought it was a really interesting video so if you want to check it out then i will leave the link in the description below
thank you guys always for watching and until next time
take care bye [Music] you
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