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How Decluttering can Help Your Finances

I used to be the world’s worst packrat. My closets, cabinets, and drawers were crammed with everything imaginable. We had things we didn’t even know we had. And that added to our financial problems. One of the most important things my husband and I learned during our financial makeover is that when we kept our home decluttered, we could manage our finances much easier.

Having a cluttered home often means you don’t know where things are and you have forgotten what you actually do have. If you can’t find something, you might assume you no longer have it, and you buy another one. This used to happen to me constantly with groceries. My kitchen cabinets were so cluttered and full that I was almost scared to open them. I would think of a recipe I wanted to make, open the cabinets, and take a quick survey of items that I could actually see. There was lots of food that I couldn’t see. I’m ashamed to think of how much money I wasted buying food that I didn’t need to buy. It took hours and hours of hard work, but I decluttered and organised the kitchen so that I would know what food we had. You’ll be amazed at how much money you can save by just finding out what food you already have in your kitchen. After I organised my kitchen, I spent only 25% of what I used to spend on groceries for a full month.

This same concept goes for everything else in your home, too. If you buy clothes like I used to, you have more clothes than you would ever want to admit having. If you can’t see what clothes you have, it’s easy to forget what you already have in your closet. You might end up buying one more white shirt when you already have eight similar shirts. If you keep seasonal things stored out of view when you’re not using them, make a list of everything you pack away so you’ll know what you have. Then you won’t end up buying a duplicate. It’s never a good deal if you didn’t need it to begin with.

If you find lots of items you don’t need any more, think about trying to sell them on eBay. This will be a great way for you to get back at least some of the money you spent. A yard sale might be a good way to generate cash from your extra items, too. If you’re not up to spending the time needed for eBay or a yard sale, donate your items to a charity or give them to family and friends. Just get rid of them!

My suggestion for you:

Slowly work your way through your house and get rid of items you don’t need and organise what you keep. You’ll be able to tell what items you have and can avoid buying duplicate items. You can sell, donate , or give away items you no longer need.

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Posted 21st May 2009 at 2:26 pm

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