Why Downsizing Your Home Can Save You Money
Why Downsizing Your Home Can Save You Money Skip to content
Motley Fool Stock Advisor recommendations have an average return of 397%. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. 30 day money-back guarantee. Sign Up Now So I understand completely how attached we can become to our things, as well as why so many of us buy big homes or spend money on storage units to store all our stuff. Many of our things help give us a sense of identity. For instance, that tower of books helps reaffirm that, yes, we love to read (and it proves how intellectual we are to our friends). Our closets full of clothes reinforce our individualist sense of self. Our antique furniture might help us feel grounded in a way modern furniture just can’t. We also might inherent stuff from family and friends. These items can have a powerful hold on us. Many times, we can’t let go of these things because they’re a crucial link to a person we love. Stuff can take on a life of its own, especially if it’s given or left to us by someone special. That’s understandable. The problem occurs when we don’t self-regulate our consumption of stuff or get rid of stuff we no longer need. Instead, when we buy stuff to fill a void in our lives, to make ourselves feel better after a bad day, or because we don’t have anything else to do. This kind of consumption easily leads to packed homes that require significant investments to keep up. We spend time cleaning around this stuff. We pay a bigger mortgage for a bigger home to store it all, along with the bigger utility costs that come with it. Or we pay monthly for a separate storage unit, where we keep our stuff out of sight and largely out of mind, simply because we can’t let go of it. In a sense, the stuff we own ends up owning us. The good news is that you can hop off the consumption train any time we want. And if you do, you just might find you’re happier, have more time, and have much more money in your pocket.
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By Heather Levin Date September 14, 2021FEATURED PROMOTION
Just this week, I trimmed down my living space by at least 1,000 square feet. I went from a suburban home with tons of storage to a downtown city loft with practically none. It was one of the best decisions I ever made, and my life has become not only so much simpler, but also way less expensive. What many people don’t realize is that downsizing and decluttering can save you a ton of money. In addition, it makes your life considerably more stress-free. So why is it we’re so attached to our “stuff”? Here’s a look at why we can be resistant to downsizing and how letting go of your stuff can save you big money.Our Attachment to “ Stuff”
Before I became a full-time writer, I owned a thriving professional organizing business. My job was essentially to help people declutter and organize their homes.Motley Fool Stock Advisor recommendations have an average return of 397%. For $79 (or just $1.52 per week), join more than 1 million members and don't miss their upcoming stock picks. 30 day money-back guarantee. Sign Up Now So I understand completely how attached we can become to our things, as well as why so many of us buy big homes or spend money on storage units to store all our stuff. Many of our things help give us a sense of identity. For instance, that tower of books helps reaffirm that, yes, we love to read (and it proves how intellectual we are to our friends). Our closets full of clothes reinforce our individualist sense of self. Our antique furniture might help us feel grounded in a way modern furniture just can’t. We also might inherent stuff from family and friends. These items can have a powerful hold on us. Many times, we can’t let go of these things because they’re a crucial link to a person we love. Stuff can take on a life of its own, especially if it’s given or left to us by someone special. That’s understandable. The problem occurs when we don’t self-regulate our consumption of stuff or get rid of stuff we no longer need. Instead, when we buy stuff to fill a void in our lives, to make ourselves feel better after a bad day, or because we don’t have anything else to do. This kind of consumption easily leads to packed homes that require significant investments to keep up. We spend time cleaning around this stuff. We pay a bigger mortgage for a bigger home to store it all, along with the bigger utility costs that come with it. Or we pay monthly for a separate storage unit, where we keep our stuff out of sight and largely out of mind, simply because we can’t let go of it. In a sense, the stuff we own ends up owning us. The good news is that you can hop off the consumption train any time we want. And if you do, you just might find you’re happier, have more time, and have much more money in your pocket.