You’ve probably read a lot about minimalism recently, and I’m sure you’ve been hearing about the benefits of frugality basically your whole life. Minimalism and frugality are separate philosophies, but they can work together well in order to help you live your best life. (Zero waste can be a nice addition to this mix, but that’s another post!)
But first – what is minimalism?
Minimalism is the practice of ensuring you don’t have excess stuff in your life. The core idea is that you keep the things that you love in your life and eliminate the rest. While this mostly applies to the physical objects we surround ourselves with, it can also be a helpful tool for really focusing your attention on what matters to you in your life and what you really need to achieve your goals.
And what’s frugality?
Frugality is all about living on the cheap while still living well. It means something a little different for everyone. For some people, frugality is all about pinching every last penny. (The Tightwad Gazette is a really famous example of this kind of lifestyle.) For others, it’s about saving on the little things so that there’s money to enjoy the big things.
Living frugally is a necessity for many people, but it is also a helpful way of thinking about making purchases and living life. Frugality isn’t necessarily about deprivation. It’s meant to help you stay in control of your finances so that you can live the life you want without the stress of debt or living paycheck-to-paycheck.
So, how do they work together?
Both minimalism and frugality force you to think about things a little differently. Our current culture is fast-paced and we’re often under pressure to make decisions quickly, especially when it comes to making purchases. Minimalism and frugality both emphasize slowing down and really thinking about how you’re spending your time, energy, and money.
I talked a bit about the beginnings of my minimalism journey here. I have always been a frugal person by nature, as I just don’t find it logical to spend extra money on things I don’t need to, but minimalism is sort of new to me. I’m a total collector who is slowly trying to get out of a book hoarding habit. But I have realized that most of the stuff I have is just… there. Gathering dust. Making it harder to focus and clean and live. So I’ve stopped bringing stuff into my life that I know I’m not going to use or that won’t improve my life, while also slowly getting rid of the things that are filling up my apartment. It’s completely changed the way that I make purchasing decisions, even when I’m buying things for other people.
For example, I’ve gotten great at regifting things. A well-chosen book makes an excellent gift. Those piles and piles of yarn I have that I’m not currently using for a knitting project? I can use them to fill up the rest of a gift bag for a friend who likes to crochet. If I do need to purchase a gift, I focus on buying consumable gifts like food, wine, soap, or a bath bomb. When I’m shopping for myself personally, I always make sure to have a list, even if I’m shopping for clothes. I also have a 24-hour waiting period for most random purchases. You’d be surprised how many things you realize you don’t actually need or want after mulling it over for a bit.
Frugality is all about using your money in ways that are effective. Minimalism is all about clearing all the extra junk out of your life. By combining the two, you basically make it your goal to live frugally but well, and you give permission to yourself to ignore some of the less important things in life. You can breathe a little and remember that you don’t have to keep up with the Joneses or give in to FOMO.
You don’t have to change your entire life, but taking a few moments to slow down and make sure that you’re focusing on the right things can be incredibly beneficial. We gotta take the time to appreciate what we have!