Minimalism isn’t just a lifestyle. It’s a lifeline for those who need to be more responsible with their finances. Here are five lessons about frugality you can learn (and apply) from the minimalists who’ve mastered them.
You Can (And Maybe Should) Do It Yourself
One of the core tenets of minimalism is self-sufficiency.
Minimalists often embrace the DIY (do-it-yourself) mentality, and it’s saving them a ton of money. They aren’t intimidated by a leaky faucet or a dangling button; they know there are plenty of resources to help them make it happen. Start with small projects to build your confidence; even cooking more at home is technically a form of DIY, and one that most people are comfortable with to some degree.
Debt Isn’t Just a Four-Letter Word
In a consumer-driven society, debt is often viewed as a necessary evil—a tool to acquire what we want but can’t afford. Minimalists, however, have no problem openly challenging this worldview because they understand that debt can be a burden if not used wisely.
They’re advocates for living within your means, which is something any frugal-minded person should adopt. Debt has massive implications for your future financial health, so do whatever you can to set yourself up for success!
Mindfulness Equals Minimalism
Minimalism isn’t all about spending less. It’s about spending mindfully. It encourages individuals to reflect on their values and priorities before they spend. And once you do, you’ll realize that you’re often buying things that go directly against your values.
Be mindful about what you already have, too. Most minimalists ask themselves if they need something. They’ll take the time to assess the value that something new has versus what they already have. More often than not, they find that they’re spending just to spend, and that the new thing doesn’t spark much joy at all.
Walk It Off
Transportation is a budget sinkhole. It’s also another expense that many people view as necessary. But minimalists aren’t afraid to take themselves somewhere on their two feet. Minimalists often advocate for walking, biking, or using public transportation as a way to save money and reduce environmental impact.
Walks are frugal for other reasons, too. Taking a walk to clear your mind before making large purchases can do wonders for making sound judgments instead of buying something on impulse. Plus, it’s a great way to kill some time and doesn’t cost a dime.
Budget, Budget, Budget
Minimalism sounds simple, but the truth is it isn’t sustainable without some guardrails, especially if it doesn’t come to you naturally. Every minimalist will tell you that their budget is their north star, helping them make smart decisions in moments where it’s not so clear whether something is “worth” it or not.
Anyone interested in becoming a minimalist or just living a more frugal lifestyle needs a budget. But remember, budgeting isn’t about depriving yourself; it’s about making intentional choices that align with your values: a common thread with the minimalist mindset.
Read More:
- 15 Minimalist Frugal Living Tips To Help You Become More Financially Independent
- 12 Ways To Save Money on Groceries
- 30+ Best Frugal Living Tips To Help You Save Money Now
