LAST WEEK!!! This post completes our Journey to Minimalism!
Decluttering our finances is so important. I received a comment on part 4 YouTube video that made me head nod! She mentioned how our minimalism in our home and finances goes hand in hand.
They absolutely do!
Before we dive into all the details, let’s chat about the previous week’s progress.
Reflection on Part 1-4
The kitchen and pantry are still rocking it. I’m shocked about this, but it’s really been a sustainable change that made me so freaking happy.
The bedroom has been great. While it’s cleaner, I have found myself tossing things on my nightstands. Thankfully, it’s not very much stuff, because I don’t have as much surface area anymore, but it’s something I am constantly working on.
The bathroom is still going pretty well. I haven’t added my hamper in there yet, but I’m trying to find something that works for the space and my clothes tossing messiness.
The garage has been incredible! I actually feel like I can walk in there barefoot. It’s been a really great change and even Tony has commented on how much he likes it. #missionaccomplished
That leads me to this week’s project, part 5.
Decluttering Your Financial Life
Decluttering your financial life sounds difficult, but it’s actually really easy (on paper).
Step 1: Cancel subscriptions not serving you any longer
First step is getting rid of monthly or yearly subscriptions that you aren’t using any more. It can feel really overwhelming if it’s a membership you sort of enjoy, but remember, the beauty of subscriptions is you can ALWAYS sign up again if you miss it that much.
- Read my post on apps that can help you cancel subscriptions and save money
Step 2: Automate your bill pay
You have a million things to worry about and frankly, bill pay should be the last thing on your mind. It’s important that you automate your bill pay because you won’t have to worry about late payments and wondering if you actually paid that bill. We have a limited amount of decision making power in a day, do you really want to waste yours on manually paying your bills?
Step 3: Automate your savings
Similar to the bill pay section, it’s really important to make your money work for you. Automating your savings is a great way to stash some money without even realizing it’s gone.
You might know that I’ve been using Qapital since January 2018 and have already saved $500 towards my vacation fund. It’s been great and honestly, I don’t even miss the money at all.
- Try the 52 Week Savings Challenge to save almost $1,400 in one year- read how to set it up
- Try Qapital out today for FREE and get $5 immediately added to your savings account #moneywin
Step 4: Pay down debt
Getting rid of debt helps you simplify your financial life big time. It reduces the number of line items on your budget, so you aren’t looking at 30 monthly expenses, and it frees up cash flow. Paying down debt is critical for minimizing your financial life and being able to allocate more towards experiences and things that matter to you.
I hope you’ve enjoyed this journey to minimalism series. If you did, comment below and tell me what your favorite part was. I’d love to hear how your own journey is going too. 🙂
TIP: Want to revisit this series later? Pin it on Pinterest to find it again.