It is likely that in recent times you have heard of the KonMari method. It is an organizational method created by Marie Kondar that you can also apply to your finances.
Although this method is presented as an adequate system for the organization of our housing, it is easy to extrapolate its application to our personal finances.
The method, explained by the author in a book called The Magic of Order, is really to apply a good part of the basic rules of minimalism to correctly and efficiently organize your home . For this, Marie Kondar proposes that we free ourselves from everything that is not necessary to later organize everything we value and thus transform the space in which we live. According to the author, this transformation of the space in which we live will also help transform our mind and provide us with a more orderly and happy life.
As we said before, if you extrapolate those maxims to the management of your money you will see how they approach the concepts of minimalism and frugality that, in this article , you can discover.
In the first place, following the indications of the method, we will not carry out a gradual process of review of our finances. On the contrary, if we have not done anything in the past, it is clear that our personal finances need shock therapy. Leaving parts of the management of our money for later is to leave loose fringes that can influence the final result.
When you start a thorough review of your personal economy
Do it in a deep and comprehensive way. Get to the bottom of your expenses, thoroughly analyze the cost of your receipts, common expenses, fixed expenses and, above all, pay attention to ant expenses, those small daily expenses that we do not always pay attention to.
The KonMari method has a global vision of our home. Moving an object from one room to another makes no sense, therefore, the perspective should be general. The same thing happens in your finances. It will do no good to improve a part of the expense if we do not improve the whole. Therefore, once you have determined the categories in which your money goes every month, make a global and overall view of all the expenditure in relation to income.
Subsequently, in the same way, that you would sort your physical belongings by categories, sort the management of your economy by categories. In this way, you will have a quick view of your expenses, the money you can use to save for retirement, the cost of the credit card, etc. On the other hand, this vision will allow you not to repeat products and not accumulate contracts for unnecessary services or supplies.
Start you must do the cleaning of your economy in a deep way
it is interesting that you do it in a way that is comfortable and as aggressive as possible. If your first decision has to be whether or not to change the bank mortgage , you may find it complicated. Start with the simplest tasks and you can quickly visualize . For example, check the receipts of your common services and negotiate those in which you can save, even changing providers for such improvement. It first affects those aspects in which you have a direct decision, for example, spending less money on superfluous purchases. All this has fast results and is simple when putting it into practice , then you can refine the most complex aspects of your economy and the most serious decisions .
In the KonMari method an interesting reflection is proposed in which the order of our things is based on happiness . To do this, the analysis proposal before saving or throwing an object is simple, it is based on being able to say what that object provides us. If it makes us happy or your contribution is valuable we will keep it, if you raise doubts we will throw it away.
We will not waste our money
but if we decide to take advantage of the best. For this it is important that to the cleaning of your personal economy you add objectives, these objectives can be varied, from saving for retirement to changing vehicles. But, goals must be present and saving be the vehicle to achieve them.