It has become the norm, it seems, here in Great Britain that our younger generation is comfortable with being in debt, unfulfilled and unhappy. Credit especially has become so easy to obtain, from so many different platforms simultaneously, that millennials can get into serious money troubles in no time at all. A car on finance, a maxed credit card, a 0% balance transfer card, a loan, the current account overdraft and a phone contract to name but a few.
Furthermore, we have so many monthly subscriptions these days that writing a proper monthly budget becomes a monumental task. Once you have factored in your Netflix, Amazon Prime, Spotify and a monthly magazine, you can clearly see how our monthly bills rocket up uncontrollably to a point that we struggle to support our credit-dependant lifestyles.
Brian Milligan, who is a Personal Finance reporter for the BBC, wrote an article about a study published by the Money Advice Service (MAS) that showed that 16 million adults in the UK don't have savings more than £100 (http://www.bbc.co.uk/news/business-37504449). Can anyone deny that these findings and the preceding statements are connected for many people in Britain?
We as a modern society are under a spell of overindulgent consumerism. In America, the average household has around 300,000 items in it according to the LA Times (http://articles.latimes.com/2014/mar/21/health/la-he-keeping-stuff-20140322). Although I do concede that the average American house is three times larger than the average home here in Britain; a case could still be made that we Brits have hundreds of thousands of items in our homes. Everything from kitchen equipment, sentimental items that have been in storage for the past ten years, clothes, gadgets, paperwork, photos and more. Why do we need all this stuff and why cant we let it go?
The above description was me once too. Now, thanks to a little thing called Minimalism, I have started taking steps to becoming debt free, uncluttered and moving towards a more intentional way of living.
Minimalism is a word that has many different meanings dependant on to whom you’re speaking to. Some would tell you that minimalism is only for the poor, or the rich, or people who literally only own twelve things which doesn't include a car or a property.
This, in my judgement is all wrong. I personally subscribe to the type of minimalism that put Joshua Fields Millburn, Ryan Nicodemus and Colin Wright on the map. I call myself a ‘minimalist' but, to the uninitiated, I would describe myself as a ‘essentialist’.
This blog will never be able to contend with Joshua Fields Millburn, Ryan Nicodemus or Colin Wright and thats not the intent anyway. The above mentioned men are giants in this field. My blog will only record my own journey and observations. Due to Minimalism being by definition a perspectival continuum, I will have to revisit the subject to share with you how I am progressing and the pitfalls I encounter.
With all this said and done, I appreciate it’s a lot to take in at once. First thing I would encourage you to do is go to ‘theminimalists.com’ to find out more or watch ‘Minimalism: A documentary about the important things’ which can be found on iTunes/Movies.
To be continued