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Can becoming a minimalist help achieve debt relief?

In recent years, there has been a significant trend toward living a minimalist lifestyle. The definition of “minimalist” is difficult to pin down, but the overall concept is to set aside material things and focus on only those possessions that serve a purpose or bring a true sense of joy. For those in Tennessee who are looking for debt relief options, the idea of a minimalist lifestyle can be very appealing.

Unfortunately, changing one’s way of life is not so simple. There are a multitude of television shows, books and websites that promise to help individuals streamline their lives and their living space. Of course, many of those resources also push the need to purchase special products and tools that promise to boost one’s minimalism. The irony of that concept should be obvious, but the fact that millions of dollars are spent on such products suggests that not everyone is in on the joke.

In an attempt to gain control over one’s debt, many people get caught up in the excitement of a new project. And what is more satisfying than gathering the tools needed to tackle something new? In reality, living a minimalist lifestyle requires getting rid of those belongings that are not fulfilling a purpose or bringing joy. Simply accumulating new belongings that claim to help streamline one’s closet, drawers or other areas of their home will not help minimalize anything other than the purchaser’s savings.

Shedding excess belongings can help during debt relief efforts. That is especially true in cases where high dollar items can be sold and the profits used to pay down financial obligations. Heading out and purchasing products marketed as minimalist necessities is not the best course of action. Debt relief involves serious effort and takes time, but the end result can be a much less stressful life for Tennessee residents and their families.  

Source: Forbes, “Five Life-Giving Truths About Living Simply And Saving Money“, Joshua Becker, July 11, 2017

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