Think about all the everyday items in your home, do you have more of them than you really need at any given time?
Clothes ~ Towels ~ Sheets ~ Food ~ Stationary Items ~ Small Hardware Items ~ Cutlery ~ Crockery ~ Glassware ~ Toiletries ~ Cleaning Supplies ~ Storage Containers and the list could go on.
What advantage is there to having more of any of these things than you need…
- Having enough to cater to guests ~ But do you have enough for yourselves and your guess with still plenty to spare.
- Stocking up when on sale ~ If they are on sale now they will be again.
- Variety is the spice of life ~ Too much variety is a waste of space in your cupboards and in some cases the items may even perish before they are used.
- I won’t ever run out and need to dash to the store ~ How often do you grocery shop, perhaps once a week or every two weeks. So there is no need to have a back stock of anything that is likely to last more than that length of time. Therefore you don’t need a six month supplie of toilet paper.
- I won’t run out before the dishwasher finishes its cycle ~ That is a fine reason except if you own enough to fill three dishwashers.
Here is a little exercise to help you see this another way. Make a list of items in your home that go over an above what you really need. Use the list above as a simple guide but then add in anything you think of that I didn’t include. Now guess the cost of each item and calculate the value of your hoard of stuff sitting there not appreciating in value. Now think of how many years the long lasting items will sit in your cupboards before they will every wear out and add 5% to their value for every year they are likely to be around. I am sure that I already have your head reeling so don’t bother to add in the rental cost of the square footage of the space they are wasting in your home.
Lastly, think about how that money could be sitting in a long term investment account accumulating interest. Or perhaps paid off the credit card debt that you never should have racked up in the first place buying all this unnecessary stuff. No matter how justified these purchases seemed at the time you would have been far better off to put the money aside for a rainy day.
The moral of this post is ~ Don’t buy more than you need. Don’t buy things just because you like shiny new stuff. Don’t cater 350 days of the year to the larger population that may inhabit your home for the other 15 days a year. Don’t waste money now (regardless of the sale price) on things you don’t need when it could be invested and growing for your future needs.
If you suddenly find yourself catering to a large crowd that your reasonable excess allows borrow from a friend or relative to make up the deficit of what you require. Do the same for them when they need it and all will be even.
Today’s Declutter Item
These Tupperware containers were excess to my needs now that I store less ingredients and there are less people at home to feel. They spent most of the time empty on the top shelf of my pantry. I sold them on eBay on the weekend for $25.00. I was glad to recoup some of the money spent on them.
At the post office today one of my eBay parcels was 8g over the 500g pushing it into the next price bracket which I hadn’t budgeted for. The lovely man behind the counter manually keyed in the weight at 500g for me which saved me $5. That’s what I call customer service. 🙂