It’s impossible to ignore the financial benefits of decluttering, downsizing, and owning less. For our family, financial freedom was the single greatest gift we experienced when we chose to own less and pursue a minimalist lifestyle. Our path to minimalism began when our son was young. Over time, we’ve sought to set an example by teaching the importance of debt-free living, owning less, and being intentional with our resources, especially money. These are character traits we hope he’ll inherit from our example. Debt-Free Living The process began with a personal finance class my husband and I took together. I was motivated to declutter anything that wasn’t nailed down in our house and never buy anything ever again. Meanwhile, he was motivated to accelerate our retirement savings and reduce our spending in several areas. This led us to realize that step one was to eliminate every penny of consumer debt we had. We cut up our credit cards, closed a $45,000 home equity line of …
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