It’s 6:41 am and I’m in my fleece Ghostbusters pajamas without a coffee. (I’ll grab the coffee after I’ve worked for a while- it makes a nice reward.) I’m sitting here on my kneeling chair, facing my computer with excellent posture. I’m here to pay myself first.
Good advice: Pay Yourself First
“Pay yourself first” is common advice in the financial independence (FIRE) community. Usually, it refers to putting money into savings, or better yet, investment accounts. The idea is to save some of your money right when you get it- before you have the chance to see that bright shiny item that you just have to spend it on.
Most people seem to do the opposite: pay the bills, buy the groceries, buy whatever they start to “need” during the month, and then consider saving whatever remains. Unfortunately, it tends to turn out that, with this method, there is simply nothing left.
So, to “pay yourself first” is to make savings a priority. It is the top priority.
I was thinking about this concept recently (while spiralizing zucchini) and it occurred to me that the same principle can, and should, be applied to time.
Today, I’m paying myself first in a different way: with time. Instead of waiting to have time to do the things that inspire and motivate me, I’m going to do them right away, before all of the time is spent.
Just like you, no doubt, I am busy. I am a stay-at-home mom. I homeschool 3 great kids, two of whom have difficult-to-manage health conditions. I am going through a divorce.
Around our house, there is always something to do. We have an expansive garden and 14 fruit trees on our ½ acre property. 3 of the 4 of us living here have Hypokalemic Periodic Paralysis– a genetic disorder that requires a special diet, which means a lot of cooking. A lot of cooking means a lot of cleaning. It seems that I always have a long list of boring-but-important tasks to keep me busy.
While I’m harvesting vegetables, freezing tomatoes, organizing the house, and putting stuff away, I listen to podcasts. I discovered podcasts years ago when I realized that my mundane daily tasks weren’t feeding my hungry mind. I started with Dave Ramsey, then Suze Orman, then finally discovered the Financial Independence/ Retire Early (FIRE) podcasting crowd. ChooseFI was an early FIRE favorite.
I noticed that if I listen to podcasts while working I don’t resent my housework. I am happy to work as long as I am learning at the same time. There was just one problem: these podcasts are incredibly motivating. More and more, I felt the desire to actually do meaningful work to contribute to society. I knew that raising super-impressive kids was a great service to the world. But, what else could I personally do?
I decided to collect all of the wonderful information that I acquire through podcasts (and life) and share it. I decided to become a blogger.
Sounds easy enough, right? But here was the problem: I didn’t have time. More accurately, I didn’t make time. Each night at about 11 pm, I found myself cleaning the house, making homemade bread or yogurt, doing some last-minute processing of garden produce before it could spoil, etc. There was no time left to blog or do anything else. I wouldn’t even read at night or watch a favorite TV show- I’d just climb into bed exhausted.
That’s exactly what happened last night, and I told myself it would be the last time. I set an alarm for 6 am and labeled it: start blogging.
Before sunrise, I woke up to a cold house. The mornings are cold here in Utah right now, as the hot summer weather transitions to fall. I have a self-imposed rule that I don’t turn on the heat and the air conditioning on the same day, so I have to buck up on these cold mornings. Usually, I cope by staying in bed way too long, browsing Facebook or surfing the Internet.
This morning, I threw on my Ghostbusters onesie. It’s like footie pajamas, but there are no feet on it. I like it that way because I can still wear socks and shoes. I bought it for a Halloween costume last year at my kids’ insistence. It’s warm and silly and fun.
I don’t plan on waiting for my coffee every morning, but today that was the deal because I procrastinated getting out of bed and it was already nearly 6:30. There was no time to get coffee and still get my “me time” before the kids would wake up. Besides, I can easily multitask making coffee and answering my kids’ questions, but it’s much more difficult to write while doing that.
Tomorrow, I hope to wake up at 6 again (or maybe even a little earlier) but jump right out of bed. I will have my coffee already waiting for me (cold brew). Every morning, I will “go to work” in my little loft office, (which overlooks both the garden and the kitchen,) and enjoy the beautiful morning silence.
I’m still a divorcing, single, stay-at-home mom of 3. I’m still homeschooling my kids and I still have yard and house maintenance, cooking, cleaning and shopping to do. Those things will take up most of my time for the foreseeable future. But today, I took on one more role in order to pay myself first: Starting today, I am a writer.
Long before I found the FIRE (Financial Independence/ Retire Early) movement that inspired the title of this blog, I discovered minimalism. Minimalism, to me, is a study in less and a pursuit of the answer to the question, “What is enough?”
Vicki Robin analyzes the concept of “enough” in her iconic book Your Money or Your Life. One interesting graph, “The Fulfillment Curve,” shows how things bring happiness until one achieves a particular peak happiness point. From there on, having more things diminishes joy.
I’ve been a bit of a natural minimalist all of my life, so when I found out that there was a popular movement, I was naturally drawn to it. For me, the appeal has always been a neat, clean space: I love for my surroundings to be peaceful and inspiring. I’ve noticed that the less I own, the easier it is to achieve that goal.
Unfortunately, I also enjoy the adrenaline rush of buying a nice, new, shiny thing. So, I have to constantly ask myself when do I already have enough (of any given item, or of items in general.) Minimalism is a lifestyle and a constant journey.
Minimalism has many benefits, but there are three that really stand out to me:
Minimalist decor is beautiful and can be inspiring.
Time is your most valuable asset, and the less stuff you have, the less time you spend maintaining stuff.
Minimalism can save you money.
The study of “enough” and the general pursuit of balance has enriched my life and made me happier.
Good advice: adopt minimalism to achieve the elusive “enough.”
Let me tell you more:
Minimalist Decor is Beautiful and Inspiring (#1)
I love “house porn.” I could spend hours watching HGTV (Home and Garden Television) and reading Real Simple magazine. I love the images of beautiful, clean houses. All different types of home decor are appealing to me: I love modern, country, shabby-chic, and other styles. One thing that I’ve found in all of the decorating styles is that the decorator knows exactly when to stop. The rooms are stylishly furnished with the perfect amount of stuff; they have precisely “enough.”
I enjoy decorating my own house and sometimes it’s hard to quit. Minimalism has taught me that adding more items to a room doesn’t necessarily make it look better. In fact, sometimes the best way to spruce up a space is to remove something from it.
Have you ever tried that? Occasionally, I clear everything out of a space just to see how it looks empty. Then, I add back only the things that I really want to look at. The result can be very beautiful.
Time Is Your Most Valuable Asset(#2)
When we were newlyweds, we were very excited to see what we could make of our lives. We had the typical interest in collecting things: maybe one day a boat, a camper, or a jacuzzi? Luckily, we talked it through and paid attention to the experiences of others who owned those things. Eventually, we came to the conclusion that we didn’t want a jacuzzi and that we’d rather just temporarily rent a boat or a camper.
The people we know who own these things say they like them. However, after the shiny newness wears off, I notice them spending much more time and money maintaining them than enjoying them. Boats need a lot of cleaning. Campers need to be stored, fixed up, and then repaired when things go wrong. Jacuzzis require a lot of work to keep clean with balanced chemicals in the water.
When we moved to our current house in Utah, there already was a jacuzzi in the backyard. It had a nice cedar building around it. Maybe this would have been a great bonus to someone else, but to us, it was unwelcome work. Some cedar planks had fallen off the building and many wasps nests lined the walls and ceilings. I probably could have gotten the whole thing cleaned out and ready to use within a week- after many, many hours of work. Then I could have found a way to repair the missing boards and I could have mastered the art of checking and adjusting water chemicals. I could have periodically drained and cleaned the hot tub and removed wasp and spider nests from the building. After and between all of that, we could enjoy a hot tub a few times a week for the first month (before getting bored with it and tired of all of the work it involved.)
So, we sold it. I think we got a few hundred and someone hauled it off for us. When it was gone, we celebrated how much nicer the yard looked to us without a big “to-do” list sitting in the middle of it.
Maybe you’re a hot-tub person and you think I’m crazy. I will concede that if someone absolutely loves jacuzzis and plans to use one several times per week, they might enjoy owning one. In our case what matters is that we recognized that it wasn’t right for us.
Everything you own costs more than money: It costs time. Because time is your most valuable asset, it is important to spend it wisely. Which things are truly worth your time? Joshua Becker, a star of the Minimalism movement, wrote about his garage full of stuff. This is on his blog and is quoted from his book, The More of Less:
“The sentence reverberated in my mind as I turned to look at the fruits of my morning labor: a large pile of dirty, dusty possessions stacked in my driveway. Suddenly, out of the corner of my eye, I noticed my son, alone in the backyard, still playing by himself. The juxtaposition of the two scenes dug deep into my heart, and I began to recognize the source of my discontent for the first time.”
(Ad link to the book The More of Less)
You see, even our smallest, most mundane possessions can own us. We spend time sorting them, dusting them, storing them, and cleaning around them.
Even worse, in some cases, we actually pay to store them in storage units. Of course, there are some good purposes for storage units, but there are also reasons to avoid them.
Why Avoid Storage Units:
1. They cost money!
2. You have to drive to the storage unit to access your stuff. So, you mostly store things you won’t need often (or at all). “Out of sight, out of mind” comes into play here.
3. Storage units make it possible to push the natural limits of what fits in your home.
I think one day I will start an experiment tracking how much of my time I spend maintaining, organizing, cleaning up, and fixing our family’s stuff. Watch for that in a future blog post. Unfortunately, I can already predict that the answer will be “way too much!”
How much time do you spend on your possessions? Do you own them or do they own you? Would minimalism save you precious time? Owning less saves me time, but so does shopping less. Minimalism could be the answer to our overpacked schedules.
I already have my “enough.” I don’t need anything else, except for the occasional new clothes when kids outgrow them or mine wear out. I would like to take the time I spend shopping and instead spend it at a park, in the garden, or playing board games with my kids. Would you benefit from the same?
Minimalism Can Save You Money(#3)
Is there anything you own that currently needs repair? I have a white picket fence that is tipping over, a tree limb that is threatening a different fence, and a porch swing that needs rebuilding. Why haven’t I already fixed these things?
Okay, harsh reality time: I haven’t yet made these repairs because I don’t have the time, and I don’t have the money. But that’s not true. Really, I have enough time and enough money to do these things, but I am “too busy” shopping and my money is tied up in the new things I’m purchasing. The repairs seem big and daunting to me, but buying a new pair of garden boots is easy.
Yes, I “needed” the new garden boots. My old boots flaked and the rubber failed, so water could enter them. I also “needed” whatever else I bought this week. But, I spent time shopping. I spent money on things that were less urgent than my home repairs. Sometimes it’s easier to acquire something new than to take care of what you already have.
Buying new stuff is expensive. It doesn’t matter if I “save” money by using coupons, promotion codes, sales, or even buying used. Those things help, but I’m still consuming. I’m still spending money, often on things I don’t even need. One prime example is the impulse buy: when a bright, new, shiny gadget pops out at me in the store and I suddenly “need” it. How can it truly be a need if I had lived without it just fine?
Since discovering minimalism, I have been practicing a new skill: repurposing. Often, if I “shop” in my own house, I can find something that perfectly fits my purpose without buying something new. This has dual benefits: it removes the need to go spend money, and it gives a job to something that was otherwise just taking up storage space in my home.
Some bloggers that I follow have tried taking a month or more off of shopping. I love this idea. Basically, you promise yourself that you will only buy food and necessary consumables for the next month. If you “need” something, you just wait. The result is almost always a large pile of saved cash.
Another great technique is to wait for the alley to provide. I learned this phrase while listening to the ChooseFi podcast. They were interviewing Mrs. Frugalwoods, and I heard her say, “the alley will provide.” It was said with humor, but it’s really great advice. Mrs. Frugalwoods will wait a pre-established length of time before buying something that she wants or needs. If she still wants it after the waiting period, she buys it. She said that most of the time she no longer wants or needs it. On the other hand, it often magically shows up in the alley at the curb or somewhere else for free. I love both the idea of the waiting period (which I need to instigate in my own life) and the advice to watch for it to appear for free. Here is the Frugalwoods’ post about 12 Tips For Finding Roadside Treasures.
This has worked in my life. I always wanted a porch swing on a stand. That’s a decent-sized purchase, and luckily, I waited. Just last week, “the alley” provided. I found a porch swing offered up for free on Facebook Marketplace. My kids and I rushed over to find it at the curb. It took two trips and we had to learn how to use ratcheting straps to hold it in the truck bed, but we did it: we got a free porch swing! Okay, so it’s not 100% free, because I’ve decided to rust-proof it and paint it. And, I’m going to refinish the fabric part. But, when it’s done, it’ll cost a total of about $30, and it will be 100% personalized. That’s a lot more fun than buying it new.
I knew I wanted the porch swing because I had wanted it for a long time. It was a smart acquisition. Other things gather for less appealing reasons. For example, in the past I might have purchased cheap lawn chairs to use while I waited to afford the porch swing. It wouldn’t matter that I didn’t even like the lawn chairs, because they were convenient and quick to buy and were “good enough” in the meantime. Now that I am a student of minimalism, I would rather wait for what I truly want and go to the effort to get it.
Minimalism means finding your perfect “enough.” That’s a constant effort for me, but it pays off in money, time, and beautiful surroundings.
What is your “enough?” Do you currently have everything you need? Do you have too much? How could finding this balance improve your life? I’d love to hear from you.