Minimalism is a very popular lifestyle to declutter life from non-essential stuff and truly enjoy life. It may suit some people, while others are not comfortable with such an extreme change. Though, they can still learn a lot from it to reduce the unnecessary expenses.
Financial literacy teaches us to save money to achieve long-term goals. You try every possible way to increase savings while living a healthy lifestyle. These minimalistic hacks might help you save some more money without much of an extreme change.
Cold Water Laundry
Coldwater is recommended to wash clothes as it prevents them from shrinking and retain colour. The additional benefit here is the money saved on the utility bills. You might not have noticed it, but heating of water cost you a substantial amount of money each month.
It may seem a little too extreme at first, but the results are worth the trouble. The clothes will last longer, the bill will be reduced, and you will help the environment as well. You will see no difference after a few wash cycles.
Buy a Water Filter
There are some serious benefits of buying a water filter instead of plastic water bottles. The combined price of these bottles in a month can far exceed the total investment for a water filter. It is a one-time investment to increase savings hundreds of pounds each month.
The negative impact on the environment is a major reason to eliminate the use of plastic water bottles. Carry a bottle with water from the filter to save yourself the trouble of spending money on water. You can take loans for bad credit with no guarantor, no fees and get instant decision.
Reduce the Wardrobe
Some shopaholics spend a surprising amount of money on clothing each month. It is critical to limit the visits to the mall and control your urge to shop. Start buying clothes when it is necessary, not whenever you want.
You can always rent clothes for events instead of buying. Also, you should get rid of unused clothes lying in the wardrobe. There are plenty of websites and local store to sell the gently used clothes and accessories.
Reduce Takeaways
It is time to start packing your lunch instead of buying food daily from some restaurants. The takeaway food is a serious dent on your budget, and you know it already. However, the limited time and cooking skills make us not dependent on outside food.
You can find numerous recipes online that are delicious and only takes a few minutes to prepare. An occasional sandwich is always a good idea for your time and wallet. In the end, cooking is quite an essential skill that every human must learn at some point in life.
Bulk Shopping
Make a list of daily-use items that can be bought in bulk. Toilet papers, detergents, soaps, and paper towels are some example of items that can be stored for a long time. You can save up to 30% on the individual cost on these products when bought in bulk.
However, make sure there is enough storage space to place items you buy in bulk. Also, often the items bought in bulk go unused. Do not buy products that seem heavy on discount but low on the frequency of use.
Items with Multiple Use
Look around your house, and there will be many items that can serve a secondary purpose as well. It is the smart use of items that are cheap and similarly effective to some specialised products. Baking soda is a prime example which can easily replace the cleaning supplies.
Items with multiple uses not only shorten the shopping list but also help declutter the house. From storage to utilities, you will find some creative solution to the requirements.
No Spending Day
No Spending Day is an intuitive way to increase savings money each week or month based on your goals. You have to manage the whole day without spending a single penny out of your pocket. This may seem a little intimidating, but it will surely help you create short-term goals and achieve them.
Prepare for the day in advance to make sure wallet is not used throughout the day. However, you should not spend needlessly on the day before as it will lose the whole purpose.
Target the Credit Card Bills
Credit cards are the modern debt traps that cost you a fair share of income each month. For some people, it is a lifelong struggle to repay the debt from credit cards because of unplanned spending. Therefore, you must target the credit card bills and then minimise their use.
Pay off the bills every month to avoid instalments and interest at any cost. It is not recommended to cancel these cards as it will reduce the available credit. However, its use should be kept at least as possible to avoid credit exploitation.
To sum up, there are certain ways to enjoy minimalization without completely changing the lifestyle tips. They help increase savings and create a healthy lifestyle.
