Living a Simple Life With Little Money

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Living a simple life with little money is possible, and this article will get you started with some easy tips you can begin using today.

Living a simple life full of purpose without unnecessarily spending money in the process.

living a simple life with little money


It’s a lifestyle that for a time was forgotten in this modern age of electronics and techy gadgets. But it seems lately that more folks are dipping their toe in the water. Looking for ways to cut back, slow down, and enjoy life just a bit more each day.

But many times, when people start to change the way they live, they buy things to get them there quicker. And maybe that is the irony of all of this. Simplicity means slowing down and getting there quickly, goes against the core belief of what this lifestyle offers.

What does living a simple life mean?

Living a simple life means living with less. It’s about decluttering your physical space, as well as your mind and your schedule. It’s about finding contentment in the little things and not constantly chasing after material possessions.

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What does simple living NOT mean?

Simple living doesn’t mean sacrificing quality of life or happiness. In fact, living simply can often lead to a more fulfilling and meaningful life. It also doesn’t mean living in poverty or depriving yourself of basic needs. Simplifying your life is about finding a balance between having what you need and not being consumed by the desire for more.

Benefits of Living a Simple Life

There are many benefits from simplifying here are a few of our favorites.

#1. Less financial stress

By living simply and spending less, you can reduce your financial burden and have less debt to worry about. This also means having more control over your finances and being able to save for the future.

#2. More time for what matters

When you’re not constantly working to make more so you can afford the latest and greatest, you have more time to focus on the things that truly bring you joy, such as spending time with loved ones or pursuing hobbies.

woman looking out at the snow with a cup in hand

#3. Reduced environmental impact

By consuming less and being mindful of your consumption habits, you can reduce your carbon footprint; doing your part to help protect the environment.

#4. Improved mental well-being

Simplifying your life can also have a positive impact on your mental health by reducing stress, anxiety, and feelings of overwhelm. It can also help you focus on the present moment and increase overall mindfulness.

#5. Increased gratitude

Living simply allows you to appreciate what you have instead of constantly wanting more. This leads to a deeper sense of gratitude and contentment in life.

Tips for Living a Simple Life With Little Money

Living simply with little money doesn’t have to be difficult or overwhelming. Here are some tips to help you get started in each area of a home.

Simplifying Finances

  1. To simplify your finances, start by creating a realistic budget. This will help you track your spending and identify areas where you can cut back.
  2. Consider eliminating unnecessary expenses, such as subscriptions or memberships that you don’t use regularly.
  3. Be realistic with your income and work hard to cut back on spending. Make it a game to see how much you can save one week to the next.
  4. Save as much as you can. Open up several accounts and start funding them for the future.
  5. Eliminate non essentials. Consider downsizing your living space or cutting back on unnecessary purchases, such as expensive coffee drinks or dining out frequently.
  6. Research frugal living tips and incorporate them into your lifestyle. This can include meal planning, buying bulk items, and seeking out free activities for entertainment.
  7. Practice mindful spending. Before making a purchase, ask yourself if it is a need or a want. If it is a want, consider holding off on the purchase for a designated amount of time to reassess its importance in your life.

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Simplify Your Lifestyle

  1. Focus on experiences rather than material possessions. Plan budget-friendly outings and activities with friends and family instead of buying expensive gifts.
  2. Remove unnecessary items to make room for things that make you smile. A large collection of figurines crammed on a shelf often only serves to collect dust. In contrast, a single figurine on a shelf, one you received from a beloved uncle when you were a child, can trigger joyful memories each time you see it.
  3. Consider a minimalist lifestyle. Focus on owning only the essentials and reducing waste in all aspects of your life. This can lead to a more organized and stress-free living space, as well as saving money.
  4. Evaluate your subscriptions and memberships. Cancel anything that you do not use or can live without.
  5. Practice gratitude. Instead of constantly wanting more, take time to appreciate what you already have. This shift in mindset can help curb the desire for unnecessary purchases and lead to a happier and more content life overall.
  6. Find free or low-cost alternatives to expensive hobbies or interests. For example, if you enjoy reading, consider borrowing books from the library instead of purchasing them. If you enjoy traveling, look for budget-friendly destinations or try camping instead of staying in expensive hotels.
  7. Declutter your digital life as well. Unsubscribe from unnecessary email newsletters and delete unused apps on your phone to reduce distractions and data usage.
  8. Spend time with loved ones and focus on creating memorable experiences rather than constantly buying gifts for them.
A woman painting a flower onto the front of a blue box

Simplify Your Wardrobe

  1. Focus on essential pieces. Invest in quality basics that can be mixed and matched, rather than trendy items that will only last for one season.
  2. Donate or sell clothing that you no longer wear or do not fit into your current style. This will also make getting dressed in the morning much easier and quicker.
  3. Consider a capsule wardrobe, which consists of a small collection of versatile, high-quality clothing items that can be worn in multiple ways. This can save space and time when it comes to choosing outfits.
  4. Avoid impulse buying and, instead, take the time to think about whether you really need a new item of clothing before purchasing it.
  5. Do a clothing swap with friends. This is a great way to refresh your wardrobe without spending any money and also helps reduce clothing waste.
  6. Take good care of your clothes to make them last longer, such as following care instructions and repairing or altering items when needed instead of automatically buying new ones.
  7. Remember that less is more – having a smaller, curated wardrobe can actually bring more satisfaction than a closet overflowing with clothes that are rarely worn.

Simplify Your Home

  1. Start decluttering one room at a time. Donate or sell items that you no longer need or use, and only keep what is essential.
  2. Find storage solutions for items that you do want to keep, such as using baskets or bins to organize belongings in closets and shelves.
  3. Consider a minimalist approach to home decor, focusing on simple and functional pieces rather than excessive decorations that can create clutter.
  4. Create designated spaces for items, such as a designated area for keys or mail, to help keep things organized and prevent them from being misplaced.
  5. Invest in multi-functional furniture, such as storage ottomans or coffee tables, to maximize space and reduce clutter.
  6. Develop a routine for regularly decluttering and tidying up, such as spending 10 minutes each day organizing a specific area or doing a weekly deep clean.
  7. Remember that simplicity can lead to a clearer mind and less stress in your living space.
  8. Consider the concept of hygge (pronounced “hoo-ga”), a Danish term that encompasses coziness, contentment, and well-being. Incorporate elements of hygge into your home, such as soft blankets, warm lighting, and comfortable seating areas to create a peaceful and inviting environment.
  9. Utilize natural light and indoor plants to bring life and vibrancy into your space without the need for excess decor.
  10. Regularly reassess and declutter your belongings to avoid accumulating unnecessary items in your home. Embrace the idea of quality over quantity when it comes to possessions.
  11. Don’t be afraid to let go of sentimental items that no longer serve a purpose or bring you joy. Take photos or create a memory box instead to honor those memories without cluttering your space.
  12. Consider implementing a “one in, one out” rule when purchasing new items for your home. For every new item you bring in, donate or get rid of an old one to maintain a clutter-free environment.
  13. Incorporate storage solutions into your decor, such as decorative baskets or shelves, to keep small items organized and out of sight.

Living a simple life with little money does not mean sacrificing comfort or style. By practicing minimalism, decluttering regularly, and incorporating elements of coziness into your home, you can create a peaceful and inviting space without breaking the bank. Remember to prioritize quality over quantity and let go of unnecessary possessions to make room for more meaningful experiences in your life.

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