Does MONEY count? — The Minimalist view
Ah, money, your perfume encroaches on our pungent hearts like a never-ending crescendo. Where can I find a man who despises you?
Immoderation is something I despise and try to avoid. In everything, balance is essential. My religion, like a crazed preacher, has been minimalism so far, but I believe it is critical for anyone embarking on this journey or considering doing so to understand how minimalism affects money, both pros and cons.
Money is commonly associated with coins and paper bills, or, in our digital age, cryptocurrencies. However, I think of money in these forms: Material wealth or time-related wealth. So, how does minimalism play a role in affecting money?
Let us begin with the advantages.
As I mentioned in my previous story, minimalism is all about value and intention. You’re probably wondering what this has to do with money. I’ll show you-
- Expenses: As a general rule, indulging in this lifestyle necessitates a reduction in those costs. Essentially, you are committed to acquiring items that only serve a specific purpose at that time. Prioritizing your needs over your wants is one way to truly achieve this. You’re a person. Your desires are insatiable. Hindered nipping of desires will cause you to spend more, even if the desires are within your means. Remember the golden rule: less expenses equals more money.
- Active budgeting: When you cut your expenses, it becomes easier to budget. You’ll be able to keep better track of what you spend your money on, and more importantly, you’ll have a surplus of it to deal with unforeseeable circumstances that necessitate material wealth.
- Rethink impulse spending: Let’s face it, we’re all human. Most of us are afraid of missing out on anything. Quality persuasion can literally convince you to buy anything, even if you haven’t budgeted for it. Pure pleasure can drive you to do things you’d rather not do. If you fall victim to this, you should keep money in your custody attached to the items on your budgeted list.
- New time: When you have less clutter around you, whether physical or mental, you can focus more energy on things that are important to you and spend less time on things that add no value to your life. Your productivity (rather than your busyness) rises on a daily basis. And, as the saying goes, ‘time is money’.
- Quality: Because minimalism prioritizes value and quality over all else, a quality issue can easily arise. To be fair, quality is costly. Most people (including myself) would rather spend money on low-quality items simply because they are less expensive. You lose money in the long run, but you save money in the short run. Why, you might ask? Cheaper products are more prone to wear and tear.
This begs the question, ‘Is minimalism only for the wealthy?’ Is it solely for aesthetic purposes? No, not on a grand scale. Poor people (including myself🤕) are already minimalists because, when it comes to material wealth, we have less money must prioritize our needs and be resourceful (no shade rich people🤭). Unfortunately, not a lot of us poor folks can truly say we are minimalists in terms of time-related wealth.
- Extremism: There are a lot of gurus out there who preach a strict, almost sub-human minimalist lifestyle with ironclad rules. If you’re just starting out, you should define what this entire concept means to you. You don’t have to follow every rule. Go for it if it makes you happy (but don’t destroy yourself). To give you an example, I try to complete all of my daily tasks, so that I have time to watch anime. And I know it adds nothing to my life and, if anything, wastes my time and material wealth, but I do it anyway. You’re a human, not a machine. Just know when to call it a day.
Once you understand these, balancing what you consider to be ‘money’ should be a piece of cake for you.
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