Minimalism is often associated with the idea of decluttering and simplifying one’s life. However, one can also apply it to their finances and create a minimalist budget.
Take the time to contemplate and decide what is truly important to you. Make a list of priorities so that allocating resources is easier.
Keep a record of your expenses for a few weeks to get an idea of where your money is going.
Consider canceling services such as cable or home phone service and stick with just one streaming service subscription.
Most people don’t set up savings or investment strategies because they feel they have too little wiggle room to make a difference.