Consumerism, as the Australians would say, “does what it says on the tin.” It’s all-consuming, leaving people across the globe feeling like they can never have enough, even when they have too much. It’s suffocating for our financial future. So what if there was a way to break the shackles that bind? We have a few ideas: here are five frugal living tips that can help you take back what’s yours.
Know Your Needs vs. Wants
We have an awful habit of conflating something we want with something we need. Do you really need a new pair of shoes? Sometimes, the answer is yes, like if you truly don’t have any shoes. And thinking this way doesn’t even mean you can’t spend money on things you want: it’s more about being mindful and honest about why you’re spending.
If you have a habit of buying things you want because you “need” them, make a list of essentials, and only buy those when you shop unless you’re specifically using money for discretionary spending.
Love To Live With Less
Minimalism goes beyond just clearing your clutter; it’s a mentality that prompts you to concentrate on what counts. A minimalist lifestyle forces you to rethink what material possessions matter. It also helps you question the function they have in a space. The result is a more peaceful environment, free from distracting objects that can unknowingly take up even more space in your mind, and an appreciation for the few things that do bring you genuine joy.
Budget To Beat Consumerism
The enemy of excess consumption is measured consumption, and the only way you’ll ever get there is by making a budget and sticking to it. Before you budget, track your spending; notice where your money goes without changing a single thing. That data will be instrumental in shaping your spending going forward.
The goal here is to live within your means without tying the purse strings too tight. Reclaiming your financial freedom doesn’t have to equate to never having fun, so don’t forget to budget for the things you love, as long as you’re doing it with intention.
Find Enjoyment Without Consumption
When was the last time you went for a long walk in the park by your house? Or call a friend to come over and have a cup of coffee and talk? There is so much fun, peace, and enrichment around you at all times — you just have to know where to look! It’s another pillar of minimalism to consider experiences as more valuable. But more than that, it’s about saving money and time by focusing on what matters, and rarely do those things mean pulling out your credit card.
Surround Yourself With Like-Minded People
If all of your friends love to go out all the time, shop online, and generally buy every little thing they pick up, chances are you’ll fall into a similar trap. We’re not suggesting getting different friends. However, it might be worth your time to find local community groups or online forums to share your journey with others. You’ll get tips on how to be frugal and some confirmation that your sacrifices mean you’re heading in the right direction, even if you had to turn down a movie invite twice this week.
