2 Minimalists Show You How to Master Debt ReductionJan 17, 2019
There are certain times of the year when you realize how expensive life can get, and how quickly the personal debt can pile up.
For families, summer holidays, back-to-school season and the December festivities can drain the bank pretty quickly. Now that January has arrived, you might be feeling the residual glow of the holiday season, as well as the residual anxiety of consumer debt.
But ‘tis the season to make big moves, and practicing minimalism can help you get your personal debt under control.
Check out these two minimalist bloggers to see what tips and tricks they have for living a simplified, clutter-free and debt free life.
Rachel Jonat is the voice behind Minimalist Mom, and since starting a simple blog outlining her experiences, she’s written three books on the subject.
Have you ever walked into a store and immediately identified about a dozen things you want to look at and touch all at once? That’s what visiting Jonat’s blog feels like.
There are so many blogs and stories about what her family tried and what worked for them that the excitement can almost overwhelm.
Let’s face it, when you have a family, decluttering and cutting back on personal debt can feel pretty challenging. Everyone has needs (and wants) that seem to outpace the work you can do to lower your debt.
That’s why Jonat and her husband are so motivational. With three boys and a pile of debt between them, they knew they had to start somewhere.
Here’s a short entry about how they paid off $82,000 in consumer debt in well under two years. Her blog is riddled with more details and tips.
Some of her best posts cover topics like:
One bedroom for three boys
How to build a capsule wardrobe (and stop overspending on clothes you don’t need)
Paying off your debt
A minimalist baby registry guide (spoiler alert: you don’t need every expensive baby product being pushed at you)
How to declutter when you’re a clutter bug
This blog on seven easy ways to add a little minimalism to your life and save money too is a great place to start if you want to begin decluttering but are feeling overwhelmed.
The benefit is that while you’re trying on a little minimalism, you’ll be saving money (which means you can put that extra cash towards reducing your consumer debt).
Trying a “no spend” challenge is a great way to “cleanse” yourself of overspending in the new year (and it may be a lot more beneficial to your long-term health than some of the other “cleanses” so popular in January!).
One of the great tips in the post talks about getting rid of one thing a day.
That’s much less overwhelming than trying to tackle an entire household, or even a whole room, at a time.
Chances are, you can look around your house each day and easily find one item you rarely or never use. This is a great opportunity to turn that item into cash. Get on an online marketplace and sell it. Every penny you bring into your home as you get clutter out of it will help you reduce your debt.
For young families, the article on how to save money while on maternity leave (or paternity leave or any other family leave) can be a real debt-saver.
Minimalism is a great way to reset your mind this new year after what may have been a season of shopping and overspending. In the process, you may find that you’re able to refocus on your priorities and reduce your personal debt
Are you interested in minimalism? Tell us on Twitter. #LeaveDebtBehind #FamilyFinances #ChangeYourMind