Whether you’ve just read ‘The Magic Art of Tidying Up’ or watched an episode of Hoarders, you’ve probably noticed that clearing clutter is hotter than ever. This is part of a larger movement towards minimalism: tiny houses, ‘capsule’ wardrobes with a limited number of clothing items, and other cultural phenomena have emerged from this trend, showing us we don’t need so much stuff.
While most people want more than 100 square feet with limited possessions, minimalism usually saves money. Here are some of the ways less stuff is more savings:
Less Storage Costs
Think about how many containers we buy to store items… not to mention people purchasing larger homes, building garages/sheds, or renting storage units to hold their stuff. According to an article in New York Times Magazine, one out of ten Americans rents a storage space and it is one of the fastest growing segments of the real estate market.
The less you buy, the less you throw away. According to the Huffington Post, the average American throws away 65 pounds of clothing a year. Why is there so much waste? Many of our daily products are built cheaply and lack durability, making us more likely to throw them away.
Fewer But Higher Quality Items
As a fashion person, I thought this was interesting. According to Forbes, in the 1950s, the average woman had nine outfits. Now, the average American woman has thirty. Think about it: If you had only a few staples in your closet, you would feel much better investing in them, which is what minimalists do.
Whether it’s time spent looking for lost items or worrying about people stopping by, having a cluttered house is more stressful than having an uncluttered house.
According to Mint, being a minimalist forces you to be practical. You can’t have oddly specific kitchen gadgets or other one-purpose items on any kind of large scale. This forces you to get creative and work with what you have.
There’s tons of scientific research that shows experiences make us happier than stuff. By spending less on stuff, you can spend more on experiences.
Regardless of whether you want to jump right into a minimalist lifestyle or just get rid of a few things around the house, minimalism is something to consider if you are looking for ways to save time and money.
Here are a few additional resources if you want to learn more: