One important benefit of minimal living is the simple reality that it costs less. As you accumulate fewer things, you spend less money. Additionally, it costs much less to store them, maintain them, repair them, clean them, and even discard them. And as your affection for physical possessions begins to fade, you’ll find far more opportunity to use your finances in other ways.
Many people believe the secret to financial freedom is earning more money. Unfortunately, when we begin to make more money without spending restraints in place, we just spend more money… this truth has proven true over and over again (maybe even in your own life). Conversely, the reverse is probably more true: the secret to financial freedom is actually spending less. It’s the simplest solution to (almost) all your money problems.
Live a life that accumulates only the essential often results in the financial freedom you’ve been searching for.