Achieving FINANCIAL independence is the dream of many Brazilians. This dream may be closer to minimalism, a way of life that helps people escape excess and
Learn what financial minimalism is and see how you can apply it to your life to plan better, be independent and organize your finances.
Financial minimalism: what is it?
Financial minimalism is a lifestyle that includes the idea of applying minimalist advice to your personal finances. The objective of this style is to simplify people's financial lives and help them spend as little as possible.
Although based on “less is more”, the philosophy of financial minimalism is not about giving up material goods forever, but investing in what really matters.
Why minimalism in today's world?
We live in a world where consumption is touched and stimulated every day. As a result, resistance has become increasingly difficult and impulse buying can damage your wallet.
Therefore, in the current situation, minimalism is a way to avoid excessive spending that can create debt and other financial problems. As this habit changes, in addition to spending less, you can allocate the remaining money to more important investments or expenses.
How to maintain financial minimalism?
1. Meet your needs
As we said before, minimalism is not about eliminating consumption, it's about living how you want. For example, you may want to have the best car of the year, but the question is: if you only have one car, do you need to buy more?
2. Organize your finances
Financial minimalism preaches the importance of simplifying your budget and paying fewer bills. This way, most of the money you earn will go towards your plan.
To reach this level, you must have a financial plan to control everything that comes in and goes out of your bank account.
3. Think twice before buying
You may have asked yourself, “Where is the money here?” We often forget where, where or when we spend our money. However, most of the time, this forgetfulness indicates an impulse purchase.
After all, if you can't remember where or where your money was spent, this fee doesn't matter to you. It's worth remembering that the good feeling you get when you achieve something good lasts for a while, and you may regret it after it passes.
4. Know how to manage your money
By adhering to financial minimalism, you will have more money left over this month. That's why it's important to know how to manage excess money.
The most interesting option is to invest. There are several types of investments to choose from, but remember that you must invest in assets that match your investor profile.
Did you like these tips?
There are many ways to achieve financial minimalism and gain independence. You can adjust the best strategy based on current conditions and goals.
We hope these tips are useful to you. for the next!
