Saving Money By Maximizing and Minimizing

When it comes to saving money, if you want to do the best you can, you can utilize the two separate goals of maximizing and minimizing. Sticking to middle-of-the-road habits and behaviors are going to keep you pretty much where you are currently when it comes to spending habits. If you want to do some serious saving, then you have to go to extremes.

A few examples of maximizing and minimizing to save money would include learning how to optimize space, minimizing repeated payments, maximizing your healthy habits, and minimizing your wardrobe. Each of those has a lot of value when it comes to extreme focus on the money-saving aspects.

Maximizing Space

Everybody wants to buy a big house, right? But the thing is, big dwellings cost lots of money. Wouldn’t it make more sense to maximize small spaces to make it feel big, but without having to pay all that extra money for the actual square footage? So, if you minimize the amount of area that you take up in a living space, and maximize what you do with it, that’s a fantastic way to save money on the idea of space itself.

Minimizing Repeated Payments

Sometimes, you only loosely pay attention to how much money is automatically being subtracted from your bank account every month. You have a subscription to a streaming service over here. You have a subscription to a gym membership over there. And you don’t use all of it to your advantage. Instead, you feel like it’s just not worth it to cancel those subscriptions. However, if you want to save money, you have to look hard at all the subscriptions that you have, and cancel the ones that you don’t utilize cost-effectively. It may feel like you’re losing something initially, but eventually, you’ll appreciate that extra cash in hand.

Maximizing Healthy Habits

Then we come to the idea of maximizing your healthy habits. When something goes wrong with your body, it costs money to fix it. It might be that you get cavities in your teeth. It might be that you’re overweight and end up with problems with your joints. If you had just developed healthy habits earlier in life through the maximization process, then you wouldn’t have had to pay those costs later.

Minimizing Your Wardrobe

There are a few different ways that minimizing your wardrobe saves you money. First of all, excess clothes won’t take up space. In a way, if you have lots of clothes, it’s like you have to rent the room to store them. Beyond that, if you’re not constantly buying new outfits, all that money is saved as well. There are seasonal approaches to having clothes available or in storage that can help you with the minimization process too.

Posted in: Money Saving Tips