Skip to main content

5 Reasons why we hoard - and they're wrong

"Less is More" is one of the catch-cries of downsizing. Often the fewer things we have the more we value them.

So it's a great title for a book that's basically a manual for how to de-clutter your home.

The introductory chapter of Less is More: How to De-clutter Your Life gives some great insights into why we find it so hard to reduce our stuff. Here are 5 of them - the last one is one of the biggest for me.

1. The cost of holding on.

We were raised by our parents and grandparents and in their day items were expensive and space was cheap. It made sense in those days to hold onto stuff just in case you ever needed it. But today housing is expensive and items are cheap. It's hard to change a habit, but now we save much more by downsizing.

2. Keeping it in the family.

For some reason we prefer to give things to those close to us. Again this was viable in the days of big families and lots of children to receive hand-me-downs. But these days we have smaller families and there are plenty of others to give (or sell) items to.

3. On sale.

Often when things are reduced we think it's a bargain. If we don't need it, it's still not a bargain.

4. Advertising.

I've blogged about this before. Advertisers' lives are about getting us to to buy things we wouldn't otherwise get. They try to convince us that our life will be better with more stuff. Often they succeed. But deep down we know we'd be happier with less.

5. Green reasons.

This one is particularly big for me. It seems such a waste to throw something away, especially if I haven't used it. But really, the environmental footprint from making it has already been made; and storing it in the garage forever is basically the same as landfill. The best thing we can do environmentally is to get it into the hands of someone who'll use it.

Comments

Popular posts from this blog

How to retire on a boat at 40

Irish Leonard explains how his family of four lives on a sailboat. No inheritance. No lottery. Just not wasting money - or his time. How does he afford it? He explains by showing the average Irish household expenses, converted into hours worked. Here's the result shown as a working week: We work a lot to pay for our cars. As he puts it: Almost 20% of our working lives is spent so that we can afford to get to our working lives. So Leonard eliminates or massively reduces most expenses. On the family boat, he sails "in a climate that requires no heating or air conditioning, doesn't own a car and generates what energy he needs using solar panels". Remove the unnecessary costs and you remove most of the need to work. He calculates that we can feed and clothe our family on 5 days work per month, or the equivalent. By contrast the average Irish couple devotes 19 hours a day to work, including commuting. Why all this focus on time? In Leonard's words "I...

You know what to do. Ignore this ad!

Yes, jewellery stores pump out the ads around valentine's day - that's no surprise. After all it's a made-up day designed to sell more stuff at higher prices. But this year they seem extra desperate to sell stuff we don't want, with the "You know what to do" campaign. I reckon the sales team are scared by the number of couples that have realised that love is not in physical merchandise but in quality time. So they've made an ad exactly about these people. The message seems to be aimed straight at guys to say "even if you and your partner agree not to waste money on jewellery, you should buy her some anyway". Apparently in a relationship it's important to ignore what your wife or partner says and do what profit-motivated corporations tell you to do. I tend to disagree. If you're interested have a look - it's interesting to see how transparent it is.

Why millionaires don't "feel" rich

We're wealthier than ever - so why don't we feel like it? Australia has gone almost three decades without recession. The stock market recently hit a record high. Our wages are record highs. Home loan rates are at record lows. We live in one of the richest countries in the world at the richest point in history. So what's wrong? Comparison Wealth is relative. So what do we compare to? Where we expect to be? "When your wages growth is only 2 or 3 per cent, you don't feel as well-off as when it's going up 10 per cent. That's that nominal distortion that people often suffer from" , says economist Shane Oliver, and that "expectations have grown a lot faster than reality." We're earning more than last year, but we want even more. So compared to our imaginary situation, we see ourselves as worse off. What we see around us? Shane Oliver again. "If you think about it - Australians today are a lot wealthier. They're living far ric...