Tag: Starting Out

10 Minimalist Lifestyle Tips to De-Stress and Save Money

Minimalism has become a popular practice in recent years. When you live as a minimalist, you strive to only use things that serve a purpose. It’s about living simply and having only what you need to go about your daily life. For instance, some people may start a no-spend challenge or only fill their home with items they absolutely need. Not only could you save money, but you can also save time on cleaning and organizing.

Practicing minimalism is an ongoing process. You’ll always find ways to improve and modify your minimalism. To start, evaluate what currently serves a purpose in your life and what may be superfluous. When you practice a minimalist mindset, you’re choosing to live a more focused life. You may start with cleaning up your budget and then move on to organizing your home. Taking the first steps to declutter your life is a big move, but you might need a game plan to make these habits stick.

Many of us may have too much stuff, and may even be spending too much on unnecessary purchases. Establishing a consistent and healthy budget should help you cut down on the things you don’t need and may even reduce your anxiety and stress. To keep track of your minimalist budget, download our app for easy accessibility. If you’re considering doing some decluttering this season, skip to our infographic or keep reading for in-depth tips on practicing a minimalist lifestyle.

Minimalist Lifestyle Starter Tips

When first starting out your journey, it’s important to start small. From changing your shopping habits to going strictly digital, there are lots of ways to switch up your routine. Here are our go-to tips for kickstarting your minimalism journey.

1. Shop Quality, Not Quantity

Minimalism doesn’t mean you never go shopping, it just means you’re more intentional with your purchases. Whether you’re in need of a new pair of running shoes or work pants, invest in quality pieces that will last you a long time. Even though a higher price tag may be less than ideal at the time, you’ll likely save money in the long run by cutting down on frequent purchases. Not to mention, you’ll cut down on waste — one garbage truck of clothes is discarded every second.

2. Digitize Movies and Books

If you’re a big reader or movie watcher, consider going digital with your collection. This will save space in your home and make sure you can always find what you want. Instead of having to go to the store for your next read, you could get it at your fingertips in a couple of clicks. If you like to physically feel the book pages every time you flip the page, consider checking out your local library. You can find all sorts of books at no charge.

3. Eliminate, Eliminate, Eliminate

One of the most important parts of minimalism is cutting down on things you don’t need. To start decluttering, identify what serves a purpose in your life and what doesn’t. From there, start to see how you can cut down items that don’t add value to your life, and then get rid of them entirely. You could test the waters by doing a mindful money challenge before decluttering your whole life.

4. Invest In Reusables

As you start to declutter your home, consider what products could be reused. One simple change could be swapping out your disposable water bottles for a glass reusable one. Or, even bring your reusable takeaway coffee cup with you every time you visit your local cafe. Not only could you get a discount for bringing your own cup, but you’re also helping cut down on single-use products!

5. Give Everything a Place

Once you get into a rhythm, give every item a place. Get creative with storage bins and organizers to ensure you’re able to store exactly what you need. If you don’t have a spot for some of your extras, it may be time to consider if they are items you really need to keep. As your minimalist space falls into place, hold yourself accountable for putting away items once you’re done using them.

Minimalist Lifestyle Tips In-Post Image

5 Money-Saving Minimalism Best Practices to Follow

It’s one thing to start out your minimalism journey, but another to keep your practice going. To live an intentional life, there are some easy practices to follow. Keep reading to see where this could help save you more time, money, and stress.

1. Invest in Experiences

A popular practice in minimalism is prioritizing experiences over buying material items. Some people value the memories created from trips or classes over having the latest gadgets or fashions. Determine where you stand and spend intentionally.

As minimalism may cut down on your “extra” budget expense, you may also have more leeway to spend on other things. With this extra budget, be intentional with where you choose to put your money. Save up your takeaway coffee budget to invest in a weekend away with your family. You may find yourself saving more and spending less time on things that drain your budget.

2. Re-Audit Your Life Frequently

Take time to assess your current spending habits and then consistently review them. Always cut out things that take up space or events that drain your energy. As you get more comfortable, you may find yourself wanting to get rid of things you thought you couldn’t live without. For instance, your cluttered kitchen may be useless if you reach for the same items every time you cook — cut down on the things you haven’t used to make more room to cook.

3. Cut Meaningless Expenses

Turns out, the average American spends $18,000 a year on unnecessary purchases. As you review your budget, you may be able to cut out a large portion of these expenses. For things you may not want to completely eliminate, find inexpensive alternatives. You may swap a vacation across the county for a staycation in the comfort of your backyard.

4. Let Go of What You Can’t Control

Letting go of things you can’t control may seem easier said than done. To find that balance, start by focusing on things you love to do or have. Once you have narrowed down what’s most important to you, focus your energy on that. Being thankful for what you do have may even cut down on your budget. You may find yourself reusing what you do have rather than wanting more.

5. Appreciate What You Have

Practice gratitude and focus on the positives. Instead of scrolling through social media, write out three to five things you’re grateful for. Practicing gratitude first thing in the morning may put you in a positive mood and help you prepare for the day ahead of you. Being grateful for what you have might even cut your urge to overspend on things you don’t need.
could be a minimalist? If so, check out our top TED Talk tips for practicing minimalism and how it may benefit you. Turns out, sometimes living with less could mean so much more.

Sources: Making Sense of Cents | CNBC 1, 2

The post 10 Minimalist Lifestyle Tips to De-Stress and Save Money appeared first on MintLife Blog.

Source: mint.intuit.com

How to Throw a Bridal Shower on a Budget: A Guide for the Frugal Host

Between impressive floral arches and customized sugar cookies, throwing a picture-perfect bridal shower aimed at being a social media showstopper can be pricey.

CostHelper.com, a website that compares the cost of services, reports that a typical bridal shower can run from $15 to $40 per person for a luncheon or party in a private room at a mid-range restaurant. If you’re going all out with an elaborate bridal shower, you could be talking $40 to $150 or more (gasp!) per person. Even a small, elaborate bridal shower (think 15 guests) could cost between $600 and $2,250—and that’s before invitations, decorations and cake.

The good news is you can actually honor the bride and your budget at the same time. A bridal shower with simple refreshments at the host’s home, for example, can cost $10 to $15 or less per person, according to CostHelper.com. You just need to employ some creative tips for budget bridal showers to make the event more affordable.

What is the best way to plan a bridal shower on a budget? Follow these six tips as you prepare to shower the bride, and there’s a good chance you’ll have more fun and less financial stress:

1. Zero in on important goals

Before you even begin to plan a bridal shower on a budget, you need to know the goals upfront so you can understand where you should be investing your time and money. Sit down with the bride (or, if it’s a surprise, consult a friend or family member of the betrothed) and establish expectations and a budget to match.

Personal finance coach Emma Leigh Geiser shares her starting tip for budget bridal showers: “Plan an event that honors who the bride truly is and what you can provide, without sacrificing your financial well-being.”

Geiser, who helps women in their 20s and 30s with personal financial challenges, recommends learning what the bride envisions for her celebration and which traditions are most important to her. Be upfront about how much you can realistically afford to spend on the bridal shower, Geiser says. And don’t be shy about saying the bridal shower is your gift to the bride.

If the bride’s priority is to have her bridal shower at a high-priced restaurant, find creative ways to lower other costs to still plan a bridal shower on a budget. Bring your own cake to the venue, for example, exclude alcohol from the menu or keep the guest list small. If the bride is a foodie and wants guests to dine on gourmet dishes, you could spend most of the budget on a favorite caterer, but then consider hosting the event at someone’s home and doing minimal decor so budget isn’t needed elsewhere.

Finding out what's truly important to the bride can help you plan a bridal shower on a budget.

2. Delegate tasks

If you’re wondering how to throw a bridal shower on a budget, know that you don’t have to foot the entire cost of the party yourself. Consider co-hosting with the rest of the bridal party or one of the bride’s family members, or delegating specific tasks to willing volunteers.

When personal finance blogger Becky Beach had her bridal shower, catering was delegated to her sister-in-law. “She knows how to throw a bridal shower on a budget,” Beach says. Deputized to handle the food, her sister-in-law served inexpensive bites purchased from a wholesale club, including sausage-roll appetizers, crab cakes, apple crisp tartlets and cream puffs. (With this lineup, who needs a main meal?!)

Assigning smaller purchases to other bridesmaids and close family members is a good tip for budget bridal showers because it can make the overall cost of the event much more manageable for the host. For example, if you delegate tasks or items that cost $30 each to six people, you’ll save $180. Some popular responsibilities to dole out include:

  • Appetizers
  • Dessert
  • Drinks
  • Invitations
  • Favors
  • Games
  • Prizes for games

3. Let the theme choose you

You don’t have to necessarily come up with a theme first. Among the tips for budget bridal showers is to take inventory of what props or decorations are available to you for free. Do you know someone who threw a bridal shower and has leftover decor or favors? Perhaps a friend’s home decor items will fit the bill—like globes and vintage-inspired items, which can be transformed into an exotic travel theme.

If you're wondering how to throw a bridal shower on a budget, keep an eye out for decor items that can create a theme−not the other way around.

Even store clearance items can be repurposed to help dictate your theme’s direction. For example, a home decor or craft store might have steeply discounted artwork. The trick is to look past the art and focus on the frame, Beach says. Can you replace the artwork with a picture of the happy couple? Maybe you can remove the glass altogether, glue twine to the back and use it for hanging wedding wishes from the guests.

Learning how to throw a bridal shower on a budget becomes easier if you’re able to snag off-season items from a party or outdoor store—such as tiki lamps or beach house decorations—which could make for a wonderful fall island or Hawaiian theme.

When planning a bridal shower on a budget, don’t forget to ask friends and family members if you can borrow other party items, such as cake stands, vases and tablecloths. They might even have unopened gifts or stationery sets that you can use as prizes for games.

4. Do the invitations, games and decorations for less

Sending out mid-range traditional invitations by mail can cost $3 to $4 per guest, according to data from CostHelper.com. Invitation costs can add up quickly when you are trying to plan a bridal shower on a budget.

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“Plan an event that honors who the bride truly is and what you can provide, without sacrificing your financial well-being.”

– Emma Leigh Geiser, personal finance coach

If you’re open to skipping snail mail, you can leverage online invitation services that allow you to create your own designs and send to however many guests you’d like for free, Geiser says. You can easily save around $100 on invitations for a guest list of 30 by going the route of a free online invite. Some services may provide you templates to choose from, or they may include advertisements, but they do the trick nicely.

If you’re wondering how to throw a bridal shower on a budget and still keep guests entertained, search online for bridal shower games that can be printed for free or a nominal cost. You could also go the DIY route if you’re so inclined. For example, have guests try to guess what is in the bride’s purse—it’s even more fun if the bride doesn’t know this game will be played.

As far as decorating goes, focus your efforts on one area that will make the biggest impression. If the bridal shower is hosted in someone’s home, go all out decorating only one room. If the bridal shower is at a venue, like a restaurant, work on fancying up only one wall. Whether at a home or a venue, this area can serve as the focal point of the event and give the bride and guests the perfect spot for photos.

5. Make low-cost venues work

When you’re planning a bridal shower on a budget, opt for a low-cost venue that has built-in unique characteristics. “Choose a space that is its own fantastic backdrop,” Geiser says. She recommends a house with natural light and great landscaping in order to cut down on decorating costs.

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Hosting the party at a bride’s friend’s or family member’s home is ideal, since it would be free. “We all know at least one person who has a killer house; ask them if they wouldn’t mind hosting,” Geiser says. (Be sure to preview the site in advance of the bridal shower.) Another good choice: Apartment buildings and condos often have clubhouses or event rooms that can be used for free or rented for a nominal fee. See if any of your bride’s family or friends have access to these areas.

Other local resources can serve as low-cost venues when you’re working on how to throw a bridal shower on a budget. A park, for example, might have a nice garden or even an indoor space that could be used. Research your town’s online municipal pages for tips on how to secure local venues. Some sites might require a nominal fee, early bookings or have other restrictions, so work on booking a space as soon as you have a bridal shower date in mind.

6. Cut food costs by keeping things simple

Whether you are hosting the bridal shower at a restaurant or at someone’s home, schedule a morning brunch or appetizers and salads in the late afternoon when guests are in-between meals. Breakfast dishes, such as an egg casserole or French toast bake, can often cost less to make than a meat-centered entree, Beach adds.

Keeping food simple is a great tip when you're trying to plan a bridal shower on a budget.

If you are in charge of preparing food, stick with quick and easy options as a tip for budget bridal showers. “You don’t have to cook and create everything yourself,” Beach says. “There are so many beautifully crafted hors d’oeuvres you can get prepackaged.”

If you are hosting the bridal shower at a restaurant, ask if they offer a buffet option instead of sit-down catering: Choosing a buffet meal is typically about 30 to 50 percent cheaper than a sit-down meal, according to Eventective, which helps you find venues and event services.

If you’ve got your heart set on sit-down dining, narrow down the menu options in advance. You or the restaurant can make a simple printout of a few entree choices and not share full menus with guests. (Adding the bride’s name to the top of a personalized menu is also a nice touch.) In addition to being a tip for budget bridal showers, this strategy can also streamline the ordering and serving process so you have more time for games and opening gifts. Win-win!

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Choosing a buffet meal is typically about 30 to 50 percent cheaper than a sit-down meal.

– Eventective, special event and venue services

Keep track of the expenses when planning a bridal shower on a budget

You can master how to throw a bridal shower on a budget if you determine the guest-of-honor’s goals from the start. Another tip to remember when you plan a bridal shower on a budget is to track your expenses throughout the planning and hosting process to make sure you’re staying on budget.

If you are splitting costs with friends and family, remember to get reimbursed—preferably before the event, so you don’t have to worry about tracking people down to talk about business while celebrating.

As Geiser says, “What actually makes the event are the attendees, the conversation and the fun you create as a group celebrating the bride.”

The post How to Throw a Bridal Shower on a Budget: A Guide for the Frugal Host appeared first on Discover Bank – Banking Topics Blog.

Source: discover.com