Thrifty mum who saved £25k in one year reveals how decluttering your home could save you thousands01/18/2021
A MUM who saved £25,000 in one year has revealed why decluttering your home could be the secret to saving thousands.
Lara Joanna Jarvis, who is known for her budgeting tips and tricks, sharing them on her YouTube channel, committed to a “no buy” year in 2019, only spending money on essential purchases.
And with husband Stuart also taking part the pair were able to save £25,000 to put towards their first home together, and in a new video, Lara has explained how you can do the same in 2021.
In her latest video Lara says, “Minimalism does play a part in wealth building. A lot of millionaires are actually minimalists or they have some aspects of the minimalist mindset.”
She minimised everything from her kitchen to her skincare in her bid to cut back on her spending – here she reveals how doing the same will help you save.
Use your things
The key thing with minimalism is that it is not a lack of things but not accumulating things that you don’t use.
And that’s the key to saving money, you’re not buying the things in the first place from a minimalist mindset.
But it’s also about the things you do buy, really bringing something to the party, they’re bringing you value, they are saving you money or time.
Spend less than you earn
It’s really important to live within your means, especially when it comes to lifestyle inflation.
It can be very tempting if you get a payrise, or come into some money to buy a bigger house or a better car.
Lara’s new year spending habits
- Ditch impulse purchases – always sit on a purchase for 30 days, you will never still want it
- Take a food inventory before you do your shop – you probably already have it
- Shop your wardrobe – You have plenty to wear in your wardrobe
- Meal plan – Meal plan, meal plan, meal plan!
It doesn’t mean that you are better off. Say you were spending £20k a year, you get the pay rise and you’re spending £40k.
This means that you’re still living paycheck to paycheck to pay off the extra things you are buying.
And that’s where minimalism comes in, you’re not buying the things to spend the money on.
Live with less
As money-saving expert Dave Ramsey says, “stop buying all the stuff to impress people you don’t like with money you don’t have.”
Taking a step back and thinking, “who am I buying this for?” will overnight help to switch up your money mindset.
Surround yourself with success
I always say surround yourself with positivity and people who make you feel good but also with people who have done well in their lives.
Celebrate their success, it doesn’t take yours away from you, and you may find that you are inspired by them, and that could really help you.
Make smart decisions
As a generalisation, millionaires will not just drop £100k on a car. They might research it and see what they can get for their money
They may even look to buy that car second hand because as soon as you drive that car you’ve lost half its value.
They make these smart buying decisions and that’s not to say we can’t do the same thing.
For more information on money saving tips and home life you can follow Lara on Instagram or YouTube, as well as checking out her blogs for further details at larajoannajarvis.com
In other money-saving news, Lara previously revealed the things you should buy to save money in 2021.
And this is how the penny challenge could turn your spare change into £670.
Plus we tried six savings challenges that saved us hundreds of pounds – here’s how you could too.
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