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Budget

7 Things You Can Downsize Right Now


A lot of people in metropolitan areas have recognized the need for downsizing the materialistic things they posses. The intent behind downsizing is to save space, energy, and money. You can call it a frugal living tactic, but downsizing is the only way to upgrade your lifestyle living in an urban area.

 

Here are the 7 things you can downsize right now. Don’t forget that it can also out some extra cash in your pocket.

1) Furniture

Make a list of furniture in your home that is either unused or oversized. The things on this list could be removed from your house or replaced with smaller alternatives. For instance, a family dining table is a surplus if you have only two people living in your home. Downsizing furniture will create more space for other important things in your home.

2) Vehicles

Getting rid of fuel consuming vehicles will save you a lot of money. You can sell your car or motorbike to an auto dealer and get a good price for it. Also, it is a lot cheaper to have a motorbike than a car for a person with no family.

3) Books and magazines

It is true that good books are meant to read again and again. But there are some books like reference guides, magazines, academic books, etc which become outdated after a couple of years. Keeping these books in your home will not do any good for you.

4) Wardrobe

Cupboards and wardrobes are closets used for storing clothes. Ideally, one wardrobe should be sufficient for each person in your home. But, since you are thinking of downsizing, you could share one wardrobe with another family member and save your space and money.

5) Musical instruments

Like good books, musical instruments are tough to let go off. Get rid of any musical instruments from your house that you do not intend to learn or play in the future. You could donate it to a charity or sell it for a good price on an online buy/sell platform like eBay.

6) Home appliances

Home appliances like refrigerator, toaster, kettle, microwave, blender, etc are really great to have in the kitchen. But when left unused, they can occupy a lot of space. Also, some of them consume power and increase your electricity bills. If possible. they should be sold online.

7) Footwear

Your footwear collection needs to be regularly downsized as you could easily rack up a lot of them in your shoe cabinet. People usually buy shoes for activities like running, weight lifting, calisthenics, etc. If you are an active person, you need to check which pair of shoes to keep and which to discard. Getting rid of shoes that don’t fit well, worn out, or are surplus can free up a lot of space in your shoe cabinet.

 

Conclusion

Downsizing has always been related to a home or office space. But, you can also downsize other things like your debt, credit card usage, going out on weekends, etc. Since the goal of downsizing is also to save money and energy, you can achieve it by avoiding things that are outside of your budget.

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Erin Thompson

Erin Thompson spent years managing her own blog about budgeting and debt. Because of that, she has great insights not only about managing spending and borrowing but also about running websites profitably. When she's not writing articles for us, she's traveling and looking for new types of wines to try.
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The content on Cashblog.com is for informational and educational purposes only. It is not financial advice and we are not certified financial advisors. Cashblog.com strives to keep its information accurate and up to date, but it may differ from actual numbers. We may have financial relationships with companies listed on our site. We may receive compensation for the placement of sponsored products or services. We work hard to write authentic and accurate articles.