Financial Minimalist was born out of a desire to share knowledge and a journey with others interested in walking a similar path. For years I felt there was something wrong with how I was living. As my time with the military drew to a close I realized what it was. We commonly think “If I get X I will be happy,” but there is always something afterward. We purchase items that provide short-term happiness before boxing up or discarding them. The non-discarded possessions pile up and add clutter to already stressful lives. This is in addition to the requirement that we then have more space to the store the items and more time to clean around them. What we as a culture need to realize is that possessions are not nearly as important as memories.
HOW I GOT INTO FINANCE:
My fascination with finance began after sustaining an injury in 2014. It was one of those eye-opening experiences that made me think, “What if it had been worse and I could never work again?” Before this, my budget had consisted of a post-it note jotted with recurring monthly expenses. After the first surgery, I spent three days in the hospital researching and creating a real budget in Excel.
Over time the budget evolved into the form I use now.
I know there are numerous apps and sites out there to help create and maintain a budget but I enjoy the flexibility of Excel. The ability to control exactly what information gets shown (and where) is appealing. My roommates would add I might have an Excel obsession (it’s not uncommon for me to have a spreadsheet open for one thing or another).
For my in-depth guide on how to budget, click here.
HOW I GOT INTO MINIMALISM:
Living with less is a philosophy I feel a strong pull towards. Continuously moving around the barracks of the Army, alongside field time, has taught me how little I need. Since moving to Colorado I have made quite a few donations, Craigslist sales, and trips to the dumpster. That PlayStation I hadn’t used in 5+ years? I sold it. Those 5 HDMI cables I was keeping in case I ever needed them? I really don’t need that many.
Living with less provides a plethora of benefits including:
- Easier cleaning
- Less clutter (and less space needed to store items)
- Ability to go mobile (move) much easier
- More financial freedom (less support of consumerism which in turn benefits the environment)
There are varying degrees of what less means and only the individual can decide. While I pare down in some areas (who needs 30 every-day shirts and 20 workout shirts), there are some areas that add a wealth of value. My adventure equipment for climbing, backpacking, biking, etc. is one such case.
For a more detailed post on defining Minimalism, click here.
HOPES FOR THE FINANCIAL MINIMALIST:
As this site evolves I hope it becomes a source of inspiration and knowledge for those interested or already working towards FI (Financial Independence) / Minimalism.