Managing Money In A Minimal Manner
Whether through choice or circumstance, more and more people in the modern world are starting to identify as minimalists. Stripping their life of all but the very basic things they need to live, along with one or two extras to keep them going. If you fall into this category, adopting a lifestyle of very little possession, you’ve probably experienced the financial challenges which can come with it. To help you out with this, this post will be exploring some of the ways that you can manage your money without it impacting the minimal nature of your home.
Basic banking can be hard if you’ve limited yourself to a phone for your computing needs. A lot of these organisations have mobile apps which perform some of the regular online banking tasks you’re used to. Of course, though, these devices are limited, and this could leave you without some of the crucial elements of a paperless service. Overcoming this issue can be achieved with the power of telephone services, with most banks offering loads of options through their call centers.
Along with not being able to run certain features, your mobile device is also quite unlikely to be able to perform like your desktop computer, and this could leave you without the accounting tools which you used to use. Thankfully, options like Freshbooks have been built with mobile use in mind. This gives you access to a host of tools which can enable better money management, and you don’t have to pay to get the chance to use it. Instead, for at least a month, most of these services will give you the chance to trial their solution.
When you’ve deliberately shrunk the possessions you own down to nearly nothing, it’s unlikely that you’ll have anything with a significant value. Of course, in normal life, this isn’t an issue, and it will be rare that someone passes comment. When it comes to finances, though, it can cause some problems. The biggest of these will be attempting to apply for a loan. Without any possessions with high value, you won’t be able to put a physical bond down. Instead, having to use unsecured loans if you want to borrow money for anything in life. This can limit your options, while also making it harder to find something which is right for you.
Choosing to live a minimal lifestyle will always impact the choices you can make in life. Limiting yourself to just a handful of belongings certainly makes a statement, even if it does make times harder for you. Once you have the ball rolling on something like this, it should get much easier to manage. While you’re learning, though, will be the hardest time of all.
Hopefully, with all of this in mind, it will be easier for you to take control over the time you spend managing your money around your minimal lifestyle. With more and more people adopting this way of living, it’s going to become easier to make it work as time goes on. For now, though, you have to put in the work to make it happen.