If you have enough stuff already and want a way to spend less money, here’s a thought. Say you’re looking at a shirt, a movie, or a video game that you want to buy, but you had decided to spend less, so you shouldn’t buy it.
If you apply the one in, one out concept, you have to decide which of the items you already have at home to donate to allow you to buy this new one. Sometimes you’ll decide not to buy the new one because you like and value the ones you’ve already got. Just thinking about ‘one out’ may remind you how great the stuff you already have is.
On the other hand, if you do buy one and donate one, you gain by minimizing clutter in your home, and whoever you donated it to gains as well.
Marie Brack is the author of Frugal Living for the 21st Century: Adventures in Using Your Money Wisely. It’s available on Amazon.com in both Kindle and paperback versions.