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You’ll need to draw the line regarding how minimal you want to be, which varies. If you want to cut back entirely and live in a hut in the wilderness with no smart TV set, or if you only want a few luxury items to create an incredible lifestyle that looks expensive but is low maintenance, it is entirely up to you.
Being minimalist can help you achieve different visions, whether for your décor or a travel and financial security lifestyle. It doesn’t have to be what the media tells us, what big corporations want us to believe, or what politicians want us to know.
Smaller homes can force you to live a more minimalist lifestyle and help you make the most of what you have instead of extending your reach. And contrary to popular belief, being healthy and warm doesn’t have to cost a lot. If you head to the right part of the country and buy a small property, you could potentially pay off a mortgage in just a few years.
Combining that with a minimalistic lifestyle and some self-sufficiency, you’ll have everything you ever wanted in a few years while barely spending on living costs every month. You could even quit your 9-5 job if you find a way to make a small amount of money online. Life really can be how YOU want it!
Creating a Budget for Your Minimal Lifestyle
It all comes down to having a clear vision of what you want to achieve for your home. Having a clear vision will help you create a budget and spreadsheet to map your income and expenses. You can then use financial modelling to see if you are on track to reach your goals.
Whether travelling the world or building a home spa, having a clear vision is important. Once you have this goal in mind, look at how much money you have leftover on a weekly bases or month and how much money you will save or spend on other things. Use your budget to see how long it will take to earn the money you need.
If you want to shorten the time frame, consider cutting back on unnecessary expenses and selling non-essential items. Reducing your outgoings will help you live a minimal lifestyle, but it will be worth it when you reach your great goal. In the meantime, find free or low-cost activities to do in your spare time that are more fulfilling than watching TV or browsing the internet. But I agree it is hard to give up your home movie night. Spending time with family and friends is also a great way to relax and stay on track. Add your home magazine bookshelves in a spot easily reachable. That brightens up your home living room.
Fred White was born on the Caribbean Island of Dominica and grew up in the village of Marigot. He worked in broadcasting for almost 30 years, which included radio and television. He got involved in developing websites from 1996 and is the owner of the CAKAFETE Family of sites. Fred relocated to North America in 2003 and now living in Canada. He is a proud Canadian Entrepreneur.
