January is National Financial Wellness Month. Fittingly, Washington Post finance columnist Michelle Singletary is examining the relationship between clutter and debt this month with her #NoDebtNoMess Challenge.
You may not realize all the ways clutter costs you money:
- When you buy things you already have because you can’t find them
- When you throw away spoiled food because you forget what you have
- When you pay late fees because you lose track of bills
- When you buy duplicates of things because you’re afraid they’ll get lost in the clutter
- When you miss discounts because you don’t pay attention to expiration dates
- When you use shopping as a way to escape the clutter in your home
Spend 10 or 15 minutes a day letting go of clutter and you might discover money, like Michelle did (and like my clients often do). You might find things you can sell on craigslist or ebay.
And you might be eligible for a tax refund if you donate your excess stuff to charity. At the very least, you might recognize where you waste money and figure out a way to stop.
Are you ready to take the challenge? What would encourage you to start decluttering now?