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Are You A Financial Minimalist?

Recently heard the term "financial minimalist," and realized I've been one all of my life based on this definition:  "Spending your money intentionally on things that bring value to your life."  

 

What do you think of this term? Do you have a definition or understanding that is different?

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I have a different understanding of a "financial minimalist" - my definition has more to do with money management than spending - but the end goal would be the same - like you said, "bring value to your life" 

 

A financial minimalist may only have (1) bank, or one place where they have their retirement acct or accounts.  They may tend to stick with the stuff they have been use to like Certificates of Deposit rather than a Brokerage Account with mutuals or exchange traded fund [EFT].

IOW, they keep their financial matters simple or as simple as they can understand and keep up with.

 

 

It's Always Something . . . . Roseanna Roseannadanna
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@GailL1 , Having a trusted financial advisor can help satisfy that end of things too.

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@Rhymesometimes wrote:

@GailL1 , Having a trusted financial advisor can help satisfy that end of things too.


Not always for the Financial Minimalist - my definition.  

 

 

It's Always Something . . . . Roseanna Roseannadanna
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