How I Spend As A Minimalist

Minimalism in general sounds a bit odd to most people. Most of the time they tend to think that minimalism means being too miserly or living on a tight budget. But the reality is not even close to anything like that. Of course we do run on a budget, but certainly not on tight budget. Likewise, we spend quite a bit where we think it makes sense. Where we don’t see value, we tend to spend less. Minimalism is not about being a miser or not spending at all but about spending on stuff that is important to you. Minimalism … Continue reading “How I Spend As A Minimalist”

More Ideas On Minimalism

I have already written a few articles on minimalism. Yet, from time to time people still ask me to teach them how to get started on minimalism. Unfortunately I don’t know how to help them. There are perhaps some books and youtube videos on the topic. May be that will help. But here is one way to go about it. Instead of adding stuff to your life, think of removing things one at a time. See how far you can go. Minimalism is not about saving money. It is about how you can live a perfectly happy life with the … Continue reading “More Ideas On Minimalism”

The Minimalist Wardrobe

If you have read the post on my expenses, you would have noticed “wardrobe” expenses conspicuously missing. I quietly shoved them into the miscellaneous expenses. Still, a few people noticed and asked me — “what about your clothing, shoes etc expenses”. Well, I am not much of a shopper and after the brush with minimalism, the desire to buy more clothes has vanished into oblivion. As you probably already know, once or twice a year, we do a clean-up of all the things we own. We go through everything and donate, recycle or throw away anything that was not used … Continue reading “The Minimalist Wardrobe”

Leaving Inheritance To Children

When I said I have enough money in my previous post, it was made possible by the fact that I did not account for many things that most Indian’s generally consider bare minimum. Take inheritance for example. We did not plan on leaving anything substantial for our daughter. Our thought process is that she should go through the basic difficulties of life to achieve things that she desires. We are probably atypical Indians that think this way. I know this because people have asked if I thought about leaving an inheritance for my kid. Indian’s are obsessed with leaving a … Continue reading “Leaving Inheritance To Children”

What Does Minimalism Mean To Us

Like many things in life, what something means to you may not mean the same to others. Take minimalism for example. It has a different meaning to different people, but the core tenets remain the same. Some people confuse minimalism with cheap or frugal. While it does help to be frugal, it does not necessarily mean minimalist. What does minimalism mean to us then? We’d like to think that minimalism means owning or buying the minimum amount of things that will let you lead a comfortable but simple life. That’s a mouthful. Lets break it down. Things you don’t need … Continue reading “What Does Minimalism Mean To Us”

Year In Review – 2019 Expenses

This is the continuation of my 2019 year in review series. See my previous post if you missed my returns report. As you probably know, I maintain two set of expenses — one for monthly expenses and another for annual expenses. The monthly expenses include expenses that occur more frequently than once a year and the rest of the expenses go into annual expenses. Lets dive deeper into the report. Monthly Expenses I have allocated a monthly budget of Rs. 53,000 for the year 2019. Below is the consolidated view of my budget, the actual expenses incurred on average per … Continue reading “Year In Review – 2019 Expenses”

Sold My Car!

I might have mentioned in passing on this blog that I own three vehicles. Now, having started on my minimalist journey, I have been wanting to get rid of an expensive and yet not so used car. And that finally happened yesterday! It is sort of a bitter sweet moment really. On the one hand I feel like a part of me is gone now and all I am left with are the memories. On the other hand, I am happy to have reduced “stuff” from my life. Read on to know the whole story. The collection I have been … Continue reading “Sold My Car!”

Practice Minimalism

After watching my talk on early retirement, one of my friends tells me that while the audience asked a lot of questions, no one asked me “How do I practice the art of minimalism without compromising much on what your heart wishes for?”. Well in this case, I am not really sure if minimalism is a personal trait or if it is something that can be acquired. You already know how I started, which was basically after reading about Stoicism. Are you a minimalist at heart? I think the best way to figure out if you are already inclined towards … Continue reading “Practice Minimalism”

My Annual Expenses Explained

In my last post, I went over my monthly expenses. In this post I will go over my annual expenses so you too can plan your annual expenses along those lines. For the year 2018, I budgeted an annual expense of Rs. 3,60,000. That comes out to Rs. 30,000 per month. Annual expenses are those expenses that occur less frequently than a year. So things like property tax, buying a car, painting your house etc will come under annual expenses. My annual expenses planning is shown below. The first column is the list of expense types. The second column is … Continue reading “My Annual Expenses Explained”

My Monthly Expenses Explained

In one of my previous posts, I briefly mentioned that I planned my monthly expenses to be around Rs. 50,000 per month. In this post, I want to explain a bit more on how I arrived at those numbers. May be it will help you figure out your own expenses in your retirement. Before nearing retirement I never kept a meticulous record of my expenses, but I was keeping track of where they are going in general. But come 2017 (a year before my retirement), I finally decided to sit and write down what I thought my expenses ought to … Continue reading “My Monthly Expenses Explained”