Saving Spending

Being Minimalist? What about your finances?

Minimalists and Minimalism are a cultural phenomenon that we cannot ignore. Born closely related to visual arts and music, now spread as a lifestyle, even (and specially) in cultures where consumerism prevail.

One way of saying is that Minimalists live with less of what they don’t need and more of what they value: “Minimalism is a lifestyle that helps people question what things add value to their lives”. They spend money, but in things that they care about.

A 20-year-old male in a rural town might have a different life style from a 40-year-old mom in a big city, but they could both be minimalists. Different people might still be minimalists and have completely different profiles. If one thinks a last model phone is important (say, for work), it is worth. The other might think that a cell phone is a complete waste of time and freedom (think social media), he or she won’t even have a phone. Same thing for a car: if a bike is enough, better to save thousands (and spend somewhere else).

Although some die hard minimalists might get more specific, a main point that is useful for anyone: what is important for you? You should be the one deciding it.

You can start your garage sale today.

Minimalists are not just cutting on everything, but they are making their constant choices consciously, weighting the pros and cons: can you live better if you owned less material possessions? They are letting some things go in order to have more of other things they value more.

We can also have minimalists approaches in only specific areas of our lives. Financial habits are one of those. At the core, good financial habits share some of the same basic principles behind minimalism: more time, more money, and more freedom leads to a more meaningful life.

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IMMI Financial Solutions

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