You struggle with getting ahead financially because you have no clue how you could possibly cut back any more than you already have. Comment below to share what part of the frugal living journey you're on.Frugal living tips for the not-so-frugal people - does that sound about right? I think the principles of minimalism can benefit many people and not work for others.ĭo minimalism and frugality work for you? Adopting frugal and minimalist habits is beneficial to many people. They know the kind of activities they are planning to do for the rest of their life and probably not raising children. They found the thing that they want to do with their life. I think minimalism works best for people that are set in their life. What type of person do you think minimalism works best for, and can it work for everyone? I'm thinking about those YouTube videos where they have thumbnails, and everything they own is on the floor in their thumbnail. When I'm thinking about extreme minimalism, I think about having all your worldly possessions in your backpack. I think minimalism can look a lot of different ways, but it's about being mindful of the things you have in your house and not keeping things that you don't love and are not useful. I also don't want to be stressed about having only 30 books. I want to be mindful of the things we bring into our home and not have excess things cluttering our lives and minds. What is the difference between minimalism and extreme minimalism? Then you realize there's no wiggle room in your plan, so you blow your budget, and you don't get closer to your financial dreams because you decided to be extreme. Yo-yo budgeting is one day you're saying you're not going to buy anything. I also think this extremeness can lead to burnout and yo-yo budgeting, as I like to call it. I think it can be a great short-term goal. If you are into hand-me-downs and keeping stuff from your older kids to use with your younger kids, you can save a ton of money, but it does take some space. I think frugal minimalism can work with kids if it's about spending as little money as possible. You have the least amount of possessions humanly possible, which means that if you have more than one child, that coat is not in the closet waiting for another one to grow into, so then you have to buy another one. Minimalism itself could work with kids, but it could be pretty expensive because you're not saving anything extra. Keep it, love it, gift it again, donate it, whatever. So what you do with that item should be technically totally your business. They made the gesture of love, gave you the token, and now it is released into your care. So it doesn't have anything to do with them anymore. I do not have the best answer for this, but when someone gives you a gift, it leaves their possession and is now in your possession. What do you do with gifts that you don't like? So we often meet in the middle, trying to figure out how to reach our goals together and still be happy with our quality of life. I am much more willing to do extreme minimalist things than him. This is a complicated question because I'm married to another human being, and he has different opinions than me. What is extreme minimalism to you, and how far would you go? It's not necessarily a money goal, but it's a relationship goal, and I think those can be just as important as financial goals. We are meeting one of our goals by going on vacation. One of our goals is to bond as a family and have fun times as a family and go and do fun things. It was more expensive, but it lasts forever, so I'm definitely into buying more expensive things that will last longer.Īnother non-frugal thing we do is go on vacations, visit our family, and go on trips. My non-frugal habit would probably be buying Portland Leather. What are your non-frugal, non-minimalist habits? It should seem normal that you were clever and saved a lot of money. I don't want to be frugal because I want people to notice. I get the idea of having no objects, but I value comfort. Would you ever do the no-furniture, extreme minimalist idea?įor me, the answer is a hard no. So the amount of money does not necessarily equate to the amount of fun. We love camping, and we found a spot where we can camp for free, and we have a great time doing that, too. If we were rolling in money, we could spend $2,000 a night in a hotel.ĭo you have to spend that much money to have fun? No. It depends on how much value it would add to your life. I think this goes along with the last one. Would you ever stay in a luxury resort for $500 a night? It's about how you got them and what is relative to your income. The first question is, would you ever buy a designer bag, like a Dior bag, for $5,000? My answer is, yes, I would if we made enough money and I wanted it.įor me, it's not really about having or not having nice, expensive things.
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