Though the recent string of posts focusing on sustainability might suggest a very specific focus, I also wrote a lot about money on the side. From NoSpendYear to why Emergency Fund is important. I’ve mentioned my goal to save up for a downpayment for an apartment more than once.
And you might be asking yourself:
What does money have to do with lowering my impact on the environment?
The answer is a lot.
Obviously, sustainability is not cheap, but that doesn’t mean advice on personal finance is relevant. I mean you don’t see minimalist blogs and zero wasters use their platform to share their financial stories with people. They don’t post about how to save money and that sort of things. And I really think they should.
Because while money does not buy happiness, as the common proverb states, it does make things easier.
We live in a linear economy with an almost obscene focus on capitalism. Simply deciding to spend less money on fewer things and being more mindful about our spending habits will not erase years and years of social conditioning we’ve been through that taught us to associate status and power with material possessions.
We need to actively oppose that conditioning and think critically about our financial situation and how it impacts the life we want to be living.
For me, personal finance lead to minimalism and I firmly believe that minimalism should also lead to personal finance.
Not spending money while we pursue minimalism could simply lead to that money languishing in our checking accounts, slowly losing value due to inflation. Worse, creating a huge pile of temptation that would sooner or later lead to spending all that money on something we do not need.
If my financial journey from terrifying debt into positive net worth had taught me anything is that you have to give every dollar a job. Your money needs to have a purpose. Be it an Emergency Fund, upcoming holidays or a downpayment on your dream home, you need to consciously decide what you want to do with the money you’re saving.
When you’re actively thinking about what you want to do with your money, it’s less likely you’ll spend it on the clutter that you’ll end up throwing out soon after.
Adopting a minimalist mindset will lead you to be more mindful about your personal finance, just like being more mindful about my personal finance has lead me to minimalism.
And exactly why I will continue to write about money on this website because it’s an integral part of my Path to Less.