What does it mean to live a life of financial simplicity?
Our philosophy is to help you achieve financial freedom through financial minimalism. That means freedom from fear, financial worries, stress, guilt, and anxiety related to self-inflicted excesses. Finally, it means having more freedom of choice, because when your finances are simplified, you have more headspace to conquer the rest of your life.
So, how do I go about achieving financial minimalism?
We believe that everyone should be responsible with their money, but we’re also here to assist (because we know that if we’re going to talk about problems, we’d better have some solutions as well). In this regard, we’ve divided it into four main categories:
Taking control of your finances
It’s simple to see why people feel overwhelmed and guilty about their money: we’re wired to sacrifice what we need for what we want, and we’re prone to making rash purchases that add up (the media cycle blaming housing affordability on a specific weekend brunch isn’t helping either). However, financial minimalism is taking responsibility and deliberate efforts toward financial management, such as recognizing how you spend and making small adjustments when necessary.
Taking the initiative
It’s simpler to bury your head in the sand than it is to learn fresh knowledge (especially when you think it means sacrificing the things you love). Financial simplicity entails motivating and assisting others in taking action. Taking charge of your finances allows you to make better informed decisions (which more often than not mean you can keep living the life you want, while saving for your bigger goals).
For instance, we created Free2Spend (our cutting-edge in-app feature) to condense all of your money into a single figure that is unique to you. This is the amount you can spend each day on whatever you want while still knowing you’re on pace to meet your financial objectives.
Having a sense of control
The concept that millennials should be penalized or made to feel bad for their purchasing decisions has worn us down culturally. The shackles of financial responsibilities are both common and readily controlled, whether you’re drowning in debt or merely struggling to manage your day-to-day costs. Financial minimalism entails taking control of your money and your life to free yourself from the stress of circumstance. It’s quite simple once you get the hang of it.
Finding a happy medium
We’re always comparing our life to others’, which leads to harmful social pressure. We design our life around the desires of others, rather than our own ambitions and needs. Financial minimalism entails leading a balanced lifestyle, understanding where you are and what is best for you – and being content with it. It’s about having the courage to defy conventional wisdom if it doesn’t seem right for you, and focusing on what matters (free from social guilt and judgement).
This is only the beginning of your quest to uncover a more authentic and financially secure version of yourself.
