Is it More Frugal to be a Minimalist or a Hoarder?
It seems that minimalism is a huge trend lately, especially among frugal people. Personally I am a fan of minimalism and can understand the benefits of decluttering and living a simple life. If you can sell some of your Stuff and make money to fund your emergency fund or pay off debt, fantastic! But stop and think about it- what is more frugal, minimalism or hoarding? There are benefits and drawbacks to both.
When minimalism peaks one’s interest, people tend to get rid of things, sell their stuff and make some extra money. They also save money because they try not to go out and buy new things. They have less possessions, which allows them to live in smaller spaces and save money on rent or mortgage payments, electricity, and reduces their carbon footprint. Chances are they shop at thrift stores, which also helps local economies and recycles items.
With hoarding, people already have tons and tons of things. They don’t need to go out and buy new Stuff because they already own enough possessions for themselves and probably many others too. When they need something new, they can just go to their stash and may be able to re-purpose an item into something they can use. One thing they do need is more space to keep their things, versus a minimalist.
I can honestly see where both minimalism and hoarding can be frugal. Truth be told, I sway more to the minimalism side. I can’t stand too much crap! It drives me crazy. I believe the less Stuff I have, the less I have to clean and take care of, and that makes me happy.
What do you think- is it more frugal to be a minimalist or a hoarder? Are you more of a minimalist or hoarder?