Money, Less Stuff: 10 Minimalist Secrets to Supercharge Your Savings

Minimalism and simple living have so many benefits.

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Living a simpler life, decluttering your home, and embracing experiences over things can lower your anxiety, give you more free time, and generally help you live a more fulfilling life.

Minimalism can also save you a lot of money, even if you are not a “frugal minimalist”. It is just one of the many unexpected benefits of minimalist living.

This year marks my 4 year anniversary of quitting my job!!!!! It has been the most amazing, penny-pinching, fun experience for our young family so far!

Giving up over half of our income was not easy, but I attribute much of our success to minimalism and simpler living.

Related Post: Want to Can’t Quit Your Job?

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Here are 10 ways minimalism can save you money:

1 – Buy only clothes you need

With minimalism, you stop buying clothes solely because they are on sale, cute, or because you are bored with the 50 outfits already in your closet.

You can create your own version of a capsule wardrobe, and then wear those clothes until you NEED something else.

I usually buy higher quality clothes, knowing I need an item to last for a long time. Ultimately, I get more for my money, as I don’t have to buy clothes as often.

Another option is to try a no shopping challenge.

Do you know how many clothes end up in landfills each year? The US sends billions of pounds of textile waste to landfills every year! That’s crazy.

If you aren’t motivated by the money savings of buying fewer clothes, then be motivated by the environmental impact.

Related post: How to Declutter Your Closet Fast

2 – You will spend less money on food because of minimalism

Minimalism has taught us not to waste. Create a minimalist pantry, and try really hard to use the food you have on hand before going out and buying more.

Sometimes our fridge looks empty and sad, but really it is because we try hard to only buy what we need.

This practice creates huge food savings!

We also eat out a lot less because we have a plan for our food in our home. I’m a HUGE fan of the meal planning service, eMeals. It saves me money and time with my meal planning (and only costs $5/month).

Emeals allows me to cater the meal plans to our dietary needs, allows us to pick which meals we want to eat that week, and creates a shopping list for me. I can’t say enough good things about it!

If you are interested in eMeals, you can get a free 14-day trial. If you buy a plan for the entire year, it only costs you $5/month!

I save way more than $5/month in time spent meal planning and impulse buys. Totally worth it, and you can even switch meal plans depending on your dietary needs that week, month, etc. For example, when we have low carb folks come to town, we switch to the Paleo meal plan.

Related post: Review of Emeals: Meal Planning for Busy People

3 – Don’t buy purses (or other accessories) for fun

I don’t know why I gave this its own category. Probably because I see so many women who love purses but have more than they really need. It seems like such a waste of money.

I have two purses. One for everyday use and one for formals or parties. I guess I’m not cool in the purse world.