The 30-day minimalism challenge: Part 1

Decluttering is boring as hell, let’s face it.

This month, I’ve been trying to liven it up a bit by joining in with the MinsGame, aka the 30-Day Minimalism Challenge.

The idea is simple: you get rid of one item on the first day, two on the second, three on the third and so on.

Trouble is, in hindsight it was a bit daft of me to leave it so late in my ‘decluttering journey’ (Ew, I just heard myself. Sorry, I won’t say that again) to give this a go.

It may be a great introduction to minimalism, easing people into getting rid of a lot of their possessions, but I’ve been throwing things out willy-nilly for over a year now and I really don’t know if I’ve still got enough unwanted stuff to be able to make it through this game.

Anyway, here’s what the first ten days looked like.

1_guitar

One guitar: sold for £50 on Gumtree by my lovely wife, who bought me the guitar in the first place. How’s that for supportive?

2_bottles

Two bottles

3_shotglasses

Three novelty shot glasses (because I am no longer 19)

4_dvds

Four DVDs

5_books

Five books

6_badges

Six badges (and can we just take a moment to reflect on the 90s-tastic gems that are the Fast Forward badges of Gary and Jason from Take That?)

7_cassettes

Seven cassettes (ditto the 80s-tastic cassette at the front which is a bootleg with Kylie on one half and Jason on the other. I shit you not. That is about as 80s as a Rubik’s Cube wearing legwarmers)

8_boxsets

Eight boxsets

9_clothes

Nine unwanted items of clothing

10_beauty

Ten beauty-themed nicknacks

So how much further can I go before I have to give up? Does ’18 grains of rice’ count? Tune in next week to find out!

My finances: Great advice I live by, great advice I don’t

poundsWe all make money mistakes. That’s just life. Some we can learn to avoid in future, some we can’t avoid without a crystal ball. I’ve documented my biggest money mistakes on this blog before, but to cut a long story short, I ended up in a right debt pickle.

I’m now powering my way out of this mess and in the process, I’ve been doing a whole crap-ton of research on personal finance.

Certain bits of simple-to-follow advice just keep cropping up all over the place, so I thought I would share them here for anyone who thinks their finances could do with some fine-tuning.

Some of these ‘money rules’ I now live by (hooray!), some I hope to follow one day and some I frankly don’t find that useful. But hopefully there will be one or two tips here that might work for you.

 

FIRST UP, THE GREAT FINANCIAL RULES I LIVE BY

 

Live below your means

The rule: We’re starting off with a simple one – spend less than you earn – but it is pretty much the bed-rock of a sound financial footing. If you can get this one down, you’re way ahead of many people.

Why I stick by it: After years of not just living paycheque to paycheque, but spending more than I earned each month, I ended up with thousands of pounds in credit card debt. It’s a mistake I’m literally still paying for now. Living below my means now allows me to pay back those debts and when I’m done it means I will be able to start saving for the first time.

 

plugsmallAutomate your bills

The rule: Never get a red reminder letter through the post again. Sign up to direct debit payments for all your bills, and set them to come out of your account a few days after payday. Worrying about bills becomes a thing of the past.

Why I stick by it: Life is too short to spend on admin, so getting these automated was a no-brainer for me. Quite a few firms offer discounts for direct debit payments, so I can save money as well, and increasingly it’s now given as the only option when you sign up with a new utilities company.

 

Shift credit card debts onto 0% deals

The rule: Credit card interest rates can be eye-watering, and if you have debts you can end up seeing the costs spiral. So, shift them using zero per cent balance transfer offers and you can effectively get a free loan (although small transfer fees usually apply) for up to a year or two. It means you’re now properly paying back your debts rather than just paying whopping amounts of interest.

Why I stick by it: I used to pay around £800 a year in interest alone on my consumer debts. No wonder I wasn’t paying them off very quickly. This is one of the most important moves I made when I started to get serious about becoming debt-free.

 

Challenge all your outgoings

The rule: Go through all your regular bills and payments and see if you can get better deals elsewhere. Use comparison sites to make this easier. Cut anything you don’t need any longer and don’t be afraid of calling up your current providers to haggle better deals. People who haven’t done this before will save a lot of money.

Why I stick by it: It’s a really simple way of saving cash without feeling deprived. Honestly, who cares where your electricity is coming from? I wouldn’t dream of not shopping around now, it’s become an ingrained habit and I’m pretty sure it’s one that will stick with me forever. Haggling lower prices over the phone is also really satisfying.

 

Save into a pension and take full advantage of any employer match

The rule: If you work for the man, chances are the man will have a company pension scheme. If you’re lucky, the man will match any contributions you make towards your retirement. Take the man’s money, for goodness’ sake.

Why I stick by it: My employer offers a match of up to 6 per cent, meaning that if I pay in 1 per cent of my earnings, I get another 1 per cent thrown in free, but if I pay in 6 per cent of my earnings, I’ll get another 6 per cent thrown in free. Guess how much I pay in? Up yours, the man.

 

Pay yourself first

The rule: If you want to either save money or pay off debts, decide how much you want to set aside and then take that immediately from your paycheque when you get paid. Don’t save what’s left after spending, spend what’s left after saving.

Why I stick by it: Like the ‘automate your bills’ rule, this is just a great way to keep things simple. If I pay my debts early, I’m not worrying about whether I’ve got enough money to pay them at the end of the month. Also, it is a statement of intent: my debts are my priority, and they will be gone from my life!

 

Track your net worth

The rule: Take a regular snapshot of your overall financial wellbeing by totting up your total assets and subtracting your total debts. This is your net worth. Monitor once a month/quarter/year to see how it is changing over time.

Why I stick by it: Firstly, it’s really easy. Secondly, I’m an utter gimp and I like plotting graphs to chart my progress on things. As I’m also a big fan of oversharing, my current net worth is £14,720.

 

AND NOW, FOR THE GREAT FINANCIAL RULES I DON’T FOLLOW

 

Have an emergency fund

The rule: Put aside around three to six months’ expenses in an easy-access savings fund. Then, if the boiler breaks or you write off the car, it’s a minor niggle rather than an all-out fecking catastrophe.

Why I don’t stick by it: I know I need one of these. But I’ve been prioritising paying down debts for the past few years. It’ll be my priority after that, promise??!!

 

Save at least 10 per cent of your income

The rule: Put aside a big chunk of your wage. You know it’s the responsible thing to do. You’ll reduce your reliance on debts, accrue interest and generally be a boss at life.

Why I don’t stick by it: As with ‘have an emergency fund’, I just haven’t got here yet. No, one’s perfect, right? Right?

 

Invest in the stock market

The rule: If you leave your money in the stock market, for long enough, it sprouts new money. How awesome is that? Returns tend to be better than with savings accounts, but that’s because you’re taking greater risk. After all, no returns are guaranteed and you may even end up losing money. One top tip is to diversify your investments (ie invest a bit in bonds as well as stocks, and/or invest in lots of different companies by choosing some kind of fund rather than shares in specific firms). Another is to see the stock market as a long-term thing, and a third is not to panic and withdraw your investments if the market takes a tumble.

Why I don’t stick by it: So I was investing a bit of money in the stock market once a month for a year, until recently, when I decided to pull it out to pay off some debts. I made a fraction of profit (I think it was £10?) but nothing to write home about. In hindsight, I went down the investing route too early. This should really come after I have an emergency savings fund in place.

 

Have a budget

The rule: Give every £1 (or $1 or whatever) a job to do at the beginning of the month. This one will pay the phone bill, this one will be on food, etc. You can set up lots of separate bank accounts to divide up your money in advance so you know you’re not overspending in one area.

Why I don’t stick by it: Honestly, life is too short to obsess like this. By automating my bills and ‘paying myself first’ I know that once that’s done, I can spend the rest on food or petrol or class A drugs* or whatever.

 

Run a side-hustle

The rule: You have a main wage packet, but what if you could supplement that by making extra money on the side? AirBnB hosting, filling in surveys, freelancing, blogging, mystery shopping, Uber driving and starting a small business are all common side-hustles. It means you have a back-up income if your regular job hits the skids, and side-hustles can even become a main job, given time.

Why I don’t stick by it: Honestly? I have neither the time nor the energy. I have tried various survey websites and found them an utter waste of time, given the hours you have to put in. Ditto mystery shopping.

As for blogging, well, yes, I do already do that, but I make no money from it (in fact, it costs me a little money). I dislike blogs covered in adverts and I particularly hate those that carry advertorials, so I’ve never wanted to take that route for my blog, especially given that I’m blogging about saving money and wanting less stuff.

I’m sure there are better ways to make extra money, but I’ve never been that motivated to pursue one.

 

brickssmallOverpay your mortgage

The rule: You can save thousands in interest by paying off your mortgage early. Then after that, you have a house, for like, free.

Why I don’t stick by it: I really want to do this. I really want to. And I will. Just not right now, ok? Stop hassling me, perfect internet finance peeps, with your shit together.

 

So there you have it. Have I missed any big tips that you live by, or ones that you find just don’t work? Tell us in the comments section!

 

*I don’t really buy class A drugs.

My biggest challenge to date: the childhood bedroom

stuffsmlI take it all back. I’m a terrible minimalist. I’m no good at this at all.

Last week, I went through the clear-out to end all clear-outs: my old room in my parents’ house.

And despite all the advice on minimalism I’ve been peddling on this site for nearly a year, I found it REALLY hard.

The room is by no means a shrine to my childhood self, it’s now a fully functioning guest bedroom. But lurking under the bed and in a few boxes at the side of the room were artefacts of a previous existence, one of Take That scrapbooks, silly teenage fanzines and tap dance exam badges.

I went in with a solid game-plan. I had four big boxes of stuff, a few bags and some other items to sort out, because my parents wanted my stuff gone (and why the hell shouldn’t they?? I am 33).

So, I planned three piles: bin/recycle, donate, keep. I blog about this, I thought. This will be a piece of piss.

I started strong: all my university work, bar a few key bits of paper, went straight in the recycle pile. My mum said it was a shame after all that work, but I hadn’t looked at it for over 10 years so I knew I didn’t need it.

Next was a pile of CDs. This was easy, straight in the donate box. My dad came in and started flicking through the stack looking for CDs to pilfer.

“Don’t bother, Dad,” I told him. “They’re all bloody Robbie Williams.”

“Ah,” he said, backing off. “A lovely chap.”

There were a good few items where taking a photo meant I could let go for good. A beer bottle that served as a prop for my high-school musical, photographed and gone. A clock I made in school during a design class, photographed and gone. Three Beano and Dandy comics I had kept in the misguided off-chance they would be worth something one day, photographed and gone. A lighter from the sweaty rock club I used to go to with friends before I was legally old enough to go out drinking, photographed and gone.

fanclublightersml

But then I hit the skids.

Photographing my old art projects and binning them was a real struggle, but I made myself do it.

Things were starting to get harder. It was almost like I had a reserve of willpower for throwing away sentimental goods, and I was running out of it fast.

I stumbled across a box of mix-tapes lovingly made by friends when I was a teenager. Photographing those was hardly going to work, was it? I shut the lid and shoved it to one side.

My mum came up to my room half-way through the day to see how I was getting on, and she  suggested getting rid of a cuddly horse that came with an accompanying story on cassette.

I clutched it and pulled a comedy sad-face.

“Not Bobbin,” I said.

bobbinsml

Bobbin went in the end, but I was losing my grip on what was worth keeping.

I discovered a heap of magazine articles about my favourite bands as a teenager, and instead of throwing them away I wanted to read them all, then keep them so I could do the same in another twenty years’ time. I found autograph collections, letters from friends and photographs. This task suddenly felt incredibly daunting.

I decided to put the most heart-wrenching items in a box and leave them for another day. I talked my parents into accepting this, and hid the box back under the bed. I also brought home a few treasured items I know I’ll want to keep.

Now, if I force myself to look on the bright side, then first off, I did get rid of A LOT of stuff last weekend. More than three-quarters of it was discarded.

Secondly, if it hadn’t been for this minimalism kick I’ve been on in recent years, I honestly think I would have kept far more if it and found this all the harder.

But this was my most difficult de-clutter so far, and I’m not sure I passed the test at all.

The hidden downside of wanting to turn your life around

Hillside in sepiaThere’s a dark side to wanting to improve your life.

It’s a depressing one, but it’s one I want to talk about today.

Many people get to a point where it hits them: this isn’t the life they want to live. For me, I realised stress and debt were pulling me down.

You might then start to wonder how your life, once so carefree and full of spontaneity, friendship and joy, somehow became all about the daily grind, paying the bills and doing the chores.

You might start to question everything: what you do for a living, how you spend your time, what your home looks like or even where you live.

You might start, as I did, researching different ways to live. You might start reading about people who retire in their 30s after saving like mad and drastically cutting their expenditures. You might start reading about people who sell almost everything they own and start travelling around the world, living out of a backpack. You might start reading about people who make their fortunes by setting up their own businesses after leaving low-paid jobs. You might start reading about people who, conversely, packed in highly-paid but soulless jobs to pursue their creative passions despite earning peanuts by doing so.

Many, if not all, of these ways of living might sound very appealing indeed, even the ones which directly contradict each other. You fantasise about every life but your own.

Wanting to make big changes to your life is a worthwhile goal. But it can have the effect of making you even less happy with your day-to-day reality. Very few of us can just flick a switch and retire early, or go travelling, or create a lucrative business empire. These things will take years, if not decades, so if your goal really is happiness, you need to find a quicker way of getting there.

This week, I tried something a little different. I called it my ‘reverse bucket list’. I didn’t make a list of all the high-falutin’ goals I wanted to achieve or things I wanted to do. Instead I listed loads of cool, interesting and impressive things I’ve already done.

This included flying in a helicopter, experiencing an earthquake, partying at a cherry blossom festival in Tokyo, watching an event at the Olympics, getting my MA, kayaking around a tropical island, taking part in jury service, dying my hair purple and (one I can add from just last week) sitting in the cockpit of a commercial airliner.

It wasn’t an exercise in boasting. Other people will have done different cool things – perhaps things that would terrify me, like getting a tattoo or skydiving or even (gulp) having children.

Instead, it was a reminder that life isn’t something that starts when I’ve got that dream job, or I’ve quit the rat-race, or I’ve moved abroad, or sold all my stuff. It’s happening now and it can be bloody awesome.

A total f***ing life-ninja

harmonicasmallDitching stuff, beating debt, getting a life.

That’s the sub-heading I chose for my little blog when I set it up last year. It was these three areas where my life was falling woefully short: I was up to my eyes in consumer debt, drowning under crap and had little time, energy or money to get out of the house, meet people and have fun.

Now my piles of rubbish have subsided and my debts are a third of the size they were a few years back.

But there’s one area I’ve been neglecting: getting a life.

As a result, my life (and by extension, this blog) has been pretty po-faced and serious. Sitting at home poring over the latest zero percent credit card offers has been really important in busting my debt pile, but my god it’s been dull.

I’ve been reining in my spending for longer than I remember, which has put a serious dent in my social life. Restaurant trips, fitness classes, hobbies and nights out drinking all took a hammering.

Now things are going to change.

I’ve just finished a great little book called Level Up Your Life by Steve Kamb. He describes how he realised he was living vicariously through characters in action movies and computer games rather than getting out there and experiencing things for himself.

So he started his own ‘Epic Quest of Awesome’ by hiking the Inca Trail, living like James Bond for a weekend in Monte Carlo, and all sorts of other great things.

His passion for grabbing life by the balls was infectious.

As a self-confessed nerd, Kamb has peppered his book with references to action films and video games. He talks about harnessing the principles which make computer games so addictive (small challenges, frequent rewards) and using them to improve your life. This can push you to do things you otherwise wouldn’t, like exercising or mastering a new skill.

And it’s not just about doing awesome ‘bucket list’-style things.

I’ve now created my own ‘Epic Quest of Awesome’, with loads of challenges in areas like hobbies, travel, having fun, finance, learning and fitness.

Some examples (complete with my own cheesy titles):

WALKING DEAD: Take part in a real-life zombie adventure

I’ve enlisted my wife and a friend to join me on a 5k run with a twist in October, the twist being you’re chased by zombies. Most other friends recoiled in horror at the idea. All I can say is, they will be the first to the wall come the zombie apocalypse.

SHE’S ELECTRIC: Learn how to change light switches and change at least two

This is something I’d always been too afraid to do myself, for fear of it being ‘game over’. But a friend inspired me, I did lots of research into how to carry out the work safely and now I’ve updated three of our light switches and counting.

THE MUSICIAN: Play the harmonica in a band

I’ve bought a cheap harmonica and instruction book off t’internet and I’ve started teaching myself. At the minute, I well and truly suck (pun intended).

I’ve also been trying to say yes to new opportunities as often as I can, even if they are daunting.

For now, I’ve decided my challenges can’t break the bank or involve buying a lot of stuff, as it’d throw all my other hard work off-course. But that still leaves me with loads of other ways to have fun, meet new people and learn new skills.

As I keep enthusiastically proclaiming to my long-suffering wife this week, I’m going to be a total fucking life-ninja!

A beginner’s guide to minimalism

DSCF4591smallSo, you want to get rid of some stuff but don’t know where to start? Hopefully, this FAQ-style post will help you out.

What is minimalism?

Minimalism can refer to pared-down, simple styles in art, architecture and other areas but in this context we are talking about living with fewer material possessions.

Why would someone want to live with fewer material possessions?

For all sorts of reasons. Here are some of the main ones:

  • To save space. If you have fewer things, you need less space to store them. Simple.
  • To clear your mind. A cluttered space can be distracting and stressful.
  • To save time. Possessions need to be kept in good condition, cleaned and tidied. If you reduce them, you reduce the work required.
  • To save the planet. The stuff we buy takes energy and resources to make and often ends up in landfill or an incinerator. If we don’t need the stuff in the first place, this is incredibly wasteful.
  • To save money. Buying stuff is rarely a money-spinner, is it?
  • To prioritise other areas of your life. If you’re not shopping for the latest gadget or pair of shoes, you can be doing more interesting things instead.
  • To make your life lighter and more flexible. Stuff can tie you to one place but having less of it means it’s easier to move.

How many things can a minimalist own?

Right, let’s nip this one in the bud right here. Minimalism is not a competition. Yes, there are people with fewer than 100 things, who can put them all in a rucksack and go travelling the world, but minimalism is more of a mindset than a badge of honour.

Essentially, minimalism is about getting rid of the stuff you don’t need. But for goodness’ sake, keep the things you do need. You do not have to get rid of everything you own to be a minimalist. Everyone needs some stuff to function and you’ll probably also want to hang onto a few things which have no real purpose but light up your life.

What should I get rid of?

Well, this is the tricky bit, isn’t it? There are things you definitely need (say, a toothbrush) and then there are things you definitely know you can get rid of (say, clothes that don’t fit). But in real life, most things fall in that grey area in the middle. How far you go is entirely up to you.

What if I live with other people?

Then don’t get rid of their stuff. Even if you’re married to them. That’s not cool. In a similar vein, you can’t make someone else become a minimalist if they don’t want to. Instead, concentrate on yourself and your household may be inspired to follow suit, or may not.

Where do I start?

Start at the easiest point. This is not the time to tackle the huge cupboard teeming with belongings. Try one drawer or shelf to begin with and organise stuff into different piles: keep, bin, donate, sell.

What about sentimental stuff?

This is the most difficult area, so it’s probably not something you would start with. But in my experience, getting rid of your clutter will cause you to question why you’re sentimental about some items and make it easier to let go. You can also take photos of possessions which have memories attached to them, then give up the objects themselves.

I’ve hit a plateau, what do I do now?

There are loads of challenges out there to inject a bit of fun into this admittedly quite dull process. You could try wearing just 33 items of clothing in the next three months, in Courtney Carver’s Project 333 fashion challenge. There’s the month-long MinsGame, where you try to get rid of one thing on the first day of the month, two on the second day, and so on. Or try my own five-minute five-in-five decluttering challenge, where you have to beat the clock or a rival player by rounding up a quick five things to get rid of.

Isn’t this all a bit self-obsessed and inward looking?

Well, yes. But so is buying and accumulating all the things. The idea is to get this bit out of the way and start doing better things with your time.

Where can I find out more?

Here are some resources I have found useful:

  • Video: The Story of Stuff
    A quick film which helps explain why materialism is destroying the planet
  • Podcast: The Minimalists
    Best friends Ryan Nicodemus and Joshua Fields Millburn host a show about minimalism, with some great Q&A segments
  • Blog: Becoming Minimalist
    There are lots of blogs about minimalism out there, but this is one of the biggies. It’s by Joshua Becker, who writes about how his family-of-four in the American suburbs became a minimalist household

Smartphones and me

phoneUntil a few days ago, I had never owned a smartphone.

This wasn’t some kind of hipster statement. It’s just that I had a non-smart mobile phone, and it worked. Gosh, I also had a home phone. And if I wanted to go on the internet, I would use a computer.

(Perhaps this is the reason why mine is the only lifestyle blog not populated with endless photos of smartphones-lying-next-to-cups-of-coffee-on-rustic-tables?)

I was on pay-as-you-go so I had no contract to worry about. No danger I’d accidentally rack up a £500 bill by checking a few emails on a Thai beach. I paid less than £10 topping up on credit each month, which fitted in with the extreme budgeting I’ve been doing to get out of debt. All was well with the world.

People under 25 were always utterly incredulous that I could go without such a device, but here I was, still functioning as a human being. If anything, I enjoyed not being disturbed by my phone. I didn’t look at it in bed. It didn’t join us for dinner. I didn’t take it to the loo.

Eventually, my employer lent me a smartphone to use for work, but I still pretty much never used it. It all seemed so needlessly complicated and fiddly: passwords, settings, account names, push notifications.

Then I did something very silly and left my trusty dumb-phone in a crowded cafe. I had to buy a new one.

Technology has come a long way in the four years I’ve owned my phone, and I picked up my first smartphone – a 4G, 4.5in, Android handset – for just £35. And, do you know what, I love it. I’m no Luddite, and I’m looking forward to using Uber and WhatsApp for the first time, posting smug holiday photos on Facebook with a few clicks or checking emails without having to turn my computer on.

But yes, I have found myself looking at it when I should be enjoying a meal with my wife. I have taken it to bed. Modesty prevents me from saying whether I’ve taken it into the bathroom… but you can probably guess.

My budget meant I could only get a handset with a teeny, tiny bit of storage. This could be really frustrating for some people – I tried downloading fancy games and didn’t get very far before having to delete them all again.

So I’ve now used this as a prompt to set up a really minimalist phone. I’m still avoiding contracts, so the finances are kept really simple. Meanwhile, out go all the notifications, bleeps and buzzes, and in comes a small selection of hand-picked apps I know I’ll use.

It’s going to suit me just fine. I don’t want to spend all my time staring at another screen, playing silly, never-ending games. I don’t want to feel tethered to my phone or anxious when I don’t have it near me. My years without a smartphone have taught me to be smarter than that.

But it has meant I can finally take that lifestyle-blog money shot. Here goes:

table

Aaaaah… that’s better, isn’t it?

I’ve done a very silly thing

purse

There’s one thing I never plan for: making a really, really idiotic mistake.

How’s this for stupid: taking a break from a long car journey to stop in at a crowded cafe for lunch, then walking out without your bag, phone and purse, getting in your car and not even noticing you left your stuff behind until you’ve got home, nearly 200 miles away?

I really have excelled myself this time.

I’ve had to give everything up for lost. Being a broke (aspiring) minimalist means I don’t have a spare bag or purse, so this week I’ve been replacing my lost items with a kind of mad, resentful grimace on my face, which I’m sure has alarmed one or two shop assistants.

I’ve also had to go through the hassle of calling the phone company and banks to get my sim blocked and cards stopped.

And do you know what, I have found out the hard way that I really need to simplify my finances. I lost count of all the credit cards I had to cancel, and I’m pretty sure there were three different current accounts I had to sort out as well. It was a massive hassle.

I have had to pay cash for everything all week, until my new bank cards arrived. I felt decidedly nervous going out and about with just a few quid in notes and no phone to boot. I kept worrying about what I would do if my car broke down. It was all pretty unsettling.

Looking on the bright side, my stuff wasn’t worth much – it’s cost maybe £100 to replace it all. The fact I write a blog called ‘Want Less’ may have given you a clue that my handbag was unlikely to be a Prada one and my phone was definitely no iPhone 6s. A stroke of luck meant neither my keys nor my glasses were in my bag too. They would have been a real pain to replace.

But in future I must remember to budget for stupidity. I never know when it will strike me.

Don’t let your life get overgrown: creating a low-maintenance existence

garden - webMy garden is in a real mess. There’s a loose fence panel, broken plant pots, litter blowing in on the wind, grass where there should be flowers and weeds where there should be grass.

It’s not a big garden, but it was evidently too much for me because I’ve let it get out of hand. I wanted the sweeping flowerbeds, the fruit-laden trees, the welcoming barbecue patio and the rows of produce growing in the vegetable patch, but I simply didn’t have the time and energy to make this all happen.

So this weekend, I’ve started turning the vegetable patch back into a lawn. I’ll soon be looking for other ways to simplify the garden so it’s something I can comfortably maintain. I want to set myself up for success rather than stretching myself too thinly with an overly ambitious plan and inevitably failing.

How many other areas of life do we try to do too much, rather than do a few things well?

There’s a fine line between having enough to do that you feel driven, and having so much to do that you feel paralysed and overwhelmed.

There will be lots of people who, like me, often feel themselves being pulled in too many directions. Developing a career, looking after children or pets, maintaining a home and a car, looking after your health, helping others, sorting out your finances, spending time with loved ones – it all takes time, energy and money.

And don’t forget those harder-to-spot, insidious commitments: checking social media throughout each and every day, keeping up with the Joneses by having the right house, the latest clothes and the picture-postcard holidays, carrying out all the beauty regimes expected of you, keeping up-to-date with current affairs so you appear informed, watching the hottest TV series and being at the right social gatherings.

You can get to a point – I know I did – where it all completely gets on top of you.

Getting into debt and having too much stuff were two symptoms of an underlying problem I had with my life, and I think many others do too.

Paying off the debts and clearing out the junk will be really helpful, but it won’t be the end of the story.

I also need to make my life as low-maintenance as possible so I can concentrate on what really matters.

Ways you can simplify your life:

  • Try using a capsule wardrobe
  • Grass over a flowerbed you’ve been struggling to maintain
  • Run one car instead of two
  • Close social media accounts you don’t value (see my post Simplify your online life)
  • Downsize your home
  • Get rid of your crap
  • Decline commitments you don’t want to take on
  • Turn off the TV
  • Pare down your beauty regime
  • Unsubscribe
  • Stop playing games on your phone
  • Read one book at a time
  • Close unused bank accounts, credit cards and store cards
  • Don’t buy more houseplants than you can look after
  • Leave work at work
  • Resist the latest kitchen gadget

What the Budget means for side-hustlers, financial independence geeks and debt-busters

CashSo today was Budget day (non-UK readers, you have my permission to skip this post!), and I sat through the speech so you don’t have to.

I have plenty of opinions about the government’s priorities, but this blog isn’t about that, so I’m going to take an unbiased look at what the changes could mean for those who, like me, are approaching personal finance in a decidedly unusual way. I’ll give each one a thumbs-up, a thumbs-down and a thumbs-waving-about-in-the-middle as I see fit.

For those desperate to quit debt, build savings, escape the rat-race and distance themselves from consumerism, there were some really interesting announcements.

Firstly, there’s going to be a new £1,000 tax allowance for side-hustles. Becoming an Airbnb host, an eBay seller or a loft storage space renter are all opportunities touted by those trying to become debt-free or financially independent. But they have also been pretty awkward in terms of tax. You’d have to register as partially self-employed, fill in an annual tax return, etc.

Now, we’re told we don’t have to worry about the first grand, fill in any forms or anything. To be honest, the spectre of paperwork has always put me off pursuing a side-hustle, so this opens up a few opportunities for me. All in all, this one gets a thumbs-up.

In other news, the government has announced it is raising the annual ISA allowance per person from just over £15,000 to £20,000. This means the interest you get on savings or investments up to this level will be tax-free (mostly – it’s complicated). Now, you may be thinking, who the hell saves £20k each year??? And you’d be right to think this. But what seemingly only benefits the rich can also benefit those who are mad-frugal with huge savings rates.

Having said that, I’m guessing even the very frugal will struggle to put aside £20k each year. Hell, most people barely take home that sort of money. So, I call bullshit on this new ISA raise. It gets my thumbs-down.

Ever look at your pay packet and curse at the amount of money you never even see before it’s whisked away by the tax-man? This next one may be for you.

The amount people can earn before they start getting taxed is going up a bit. It’s £10,600 now and we knew it would be going up to £11,000 next month. Now, in April ’17, it will go up to £11,500. My little brain has worked out that it means we’d pay £100 less tax a year. Well, it’s something, I guess. But the point where you go from paying 20% tax to 40% tax is taking a far bigger leap, of £2,000, saving higher earners £400 a year.

Personally, I think this is the wrong way round. We need the biggest tax breaks to hit all earners, not just the high earners. But every little helps, I guess, and this will make a small but tangible difference to people’s finances without making them jump through any silly hoops, so this one gets a thumbs-waving-about-in-the-middle.

Capital gains tax is being cut. This is the tax you pay if you make money on shares, for instance. It’s a thumbs-up for those investing money in the hope of retiring early.

Then, we were told about a new thing called a Lifetime ISA. It’s a kind of spin on the Help to Buy ISA that gives people a boost when saving for a house deposit. Under this scheme, you can save up to £4,000 a year and for every £4 you put in, the state will add £1.

Sounds great for savers. But there’s more than a few catches. You have to be under 40 to start one, when they launch next year. You only get to keep the bonus if you put the money towards a house deposit or leave it sat there until you’re 60. If you take it out early, you lose the bonus and there’s a 5% charge. Etc, etc.

I’ll be honest, my little heart leapt when I first heard about this one. I thought it was ideal for those pursuing financial independence, like I hope to one day, once I’ve beaten my debt mountain. But the more I think about it, the less useful I think it’ll be. For a start, limiting access until you’re 60 sounds pretty dismal. This is definitely about saving for proper retirement, not early retirement.

The government says it wants to support savers and strivers, or whatever its latest awful buzzwords are for the financially responsible. But there must be simpler ways of rewarding saving.

So, I’m not sure whether this gets a thumbs-up or thumbs-down yet. The devil will be in the detail.

God, I hope that was more interesting to read than it was to write. Pass the wine…