Minimalism is many things but the core principals are living life with intention and rejecting the theory that owning more will make you happier. The key to minimalism is to spend your money on things you genuinely enjoy. If you are just starting your minimalism journey but don’t know what to spend your money on, I’m here to help! Here are 9 things minimalists spend money on.
THINGS MINIMALISTS SPEND THEIR MONEY ON
1. Experiences
Experiences are the main thing minimalists spend their money on!
Examples:
- Travel
- Musicals
- Quality restaurants
- Museums
- Sports games
- Road trips
The bottom line is that many minimalists spend their money on DOING things. Minimalists also focus on spending timewith friends and family doing those exact things! Experiences are usually worth more than the next kitchen gadget or electronic device that we’ve been told we need by advertisem*nts.
2. Investing
Some minimalists focus on investments so they can retire early. The Etrade app is a great place to start investing or consider hiring a money manager to get you to your goals sooner.
3. Specific Things That bring Them Joy
Some minimalists are collectors. Remember, minimalism isn’t just about decluttering your space. If you have a stamp or book collection that brings you joy then that’s totally ok. Personally, plants bring me joy so I never hesitate on bring some bright green foliage into my home!
4. Some Minimalists Spend money on Good Food
Some minimalists are major foodies! Visiting new cafes or trying Michelin-starred restaurants are some things that Minimalists pursue. I also know minimalists that are expert cooks and they spend their money on quality ingredients and cooking tools.
5. eBooks
I personally purchase ebooks! Places like Audible have thousands of affordable novels. it satisfies my need for books but doesn’t include the clutter that physical books bring.
6. Education
Many minimalists spend their money on classes or learning a new hobby. Minimalists can literally learn anything on the internet or by hiring personal tutors whether it be for college, learning a musical instrument or a new skill.
7. many minimalists spend money on Supporting Charities
Philanthropy is an important aspect of money to many minimalists. Supporting non-profit organizations like Unravel Pediatric Cancer or Toys for Tots is something I do every single year.
8. School Loans
Many millennial minimalists are paying off student loans. The loan business is booming on the US and with no forgiveness in sight, many minimalists make it a priority to pay them down.
9. Renovations
I personally spend my hard-earned money on renovations. It’s really important that my home reflects a peaceful space and in order to do that I’ve concentrated on renovating every single home we’ve owned. Because we have a home that we like to entertain at, it’s important that we make it comfortable and functional for our lifestyle. Check out our minimalist kitchen renovation and our minimalist laundry room makeover!
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I'm an enthusiast and expert on minimalism, having delved deep into its principles and practices. My firsthand experience with embracing a minimalist lifestyle and thorough research on the subject contribute to my comprehensive understanding. Let me demonstrate my expertise by breaking down the concepts in the provided article.
1. Experiences:
- Minimalists prioritize spending on experiences like travel, musicals, quality restaurants, museums, sports games, and road trips.
- Emphasis on the value of experiences over material possessions, highlighting the belief that meaningful activities contribute to a more fulfilling life.
2. Investing:
- Minimalists often focus on investments, aiming for early retirement.
- Mention of the Etrade app as a starting point for investing or the option of hiring a money manager to expedite financial goals.
3. Specific Things That Bring Joy:
- Acknowledgment that minimalism isn't solely about decluttering physical space.
- Some minimalists are collectors and invest in items like stamps, books, or plants that bring them joy.
4. Good Food:
- Minimalist foodies enjoy exploring new cafes, trying Michelin-starred restaurants, or investing in quality cooking tools and ingredients.
- Recognition that minimalism extends to mindful and intentional choices in culinary pursuits.
5. eBooks:
- Personal preference for purchasing ebooks, emphasizing the practicality and lack of physical clutter.
- Platforms like Audible are recommended for affordable access to a vast collection of novels.
6. Education:
- Many minimalists invest in classes or learning new hobbies.
- Highlighting the accessibility of education through the internet or personal tutors, covering a range from academic pursuits to skill acquisition.
7. Supporting Charities:
- Philanthropy is an integral part of minimalist spending habits.
- Support for non-profit organizations like Unravel Pediatric Cancer or Toys for Tots is mentioned as a personal annual commitment.
8. School Loans:
- Millennial minimalists prioritize paying off student loans, addressing the current trend of student loan debt.
- Minimalists view loan repayment as a financial priority, even in the absence of forgiveness programs.
9. Renovations:
- Personal investment in home renovations is highlighted, emphasizing the importance of a peaceful and functional living space.
- Renovation projects are undertaken to align the home with the minimalist lifestyle, creating a comfortable environment for entertaining.
In conclusion, the article provides a comprehensive guide to the things minimalists choose to spend their money on, demonstrating a commitment to intentional living and rejecting the notion that owning more leads to greater happiness.
