Think about saving a whole bunch of hours and hundreds of {dollars} annually—simply by proudly owning much less. These 20 stats present how.
Most individuals I do know need extra money and time. Usually, I can see why.
We’re stretched skinny—making an attempt to satisfy deadlines, pay payments, take care of our households, and nonetheless discover house for relaxation, pleasure, objective, and that means. The times really feel brief. The bills pile up. And it’s straightforward to imagine that the one resolution is to work tougher, earn extra, or in some way match extra into an already full life.
However perhaps there’s a greater reply. What if the answer isn’t present in incomes extra, however in proudly owning much less?
Each merchandise we purchase has a price—and never simply in {dollars}. Our possessions value us time to earn, time to keep up, and time to handle. And the quickest solution to get extra money and time again into our lives is to pursue minimalism.
And it seems, the numbers again this up. Listed here are 20 statistics that present simply how a lot minimalism can change our on a regular basis by giving us extra time and more cash.
Cash
1. People waste $18,000 on “non-essential” bills annually (supply)
2. Regardless of proudly owning sufficient clothes to kind a mean of 135 outfits, People spend a mean of $1,445 yearly on garments and footwear. (supply)
3. On common, individuals spend $360 annually on jewellery, whether or not for gifting others or shopping for for themselves—regardless of already proudly owning 34 items of knickknack. Males, on common, spend extra on themselves than ladies do. (supply)
4. Households spent $24 billion on toys yearly. Dad and mom spend a mean of $240 on toys and video games yearly whereas grandparents spend $500. All whereas it’s estimated that 20-30% of toys are by no means performed with. (supply)
5. People spend $14.6 billion yearly on dwelling group. (supply)
6. In the USA, individuals throw away over $473 billion value of meals yearly—38% of all of the meals in America. (supply)
7. Almost $10 billion in digital units—comprising pc gear and units, screens, and small digital home equipment—is thrown away yearly within the US alone. (supply)
8. On common, People spend roughly $1,100 per 12 months on espresso from espresso outlets. (supply)
9. Almost 25% of grocery procuring {dollars} are spent on processed meals and sweets—that quantities to $125/month for the common American family. (supply)
10. Within the US, customers spend a mean of $150 per 30 days on impulse purchases. (supply)
11. The typical American spends over $1,000 a 12 months on subscriptions—$200 of it on pointless or unused subscriptions. (supply)
Time
12. On common we spend two hours per day shopping for issues and caring for the issues we already personal. (supply)
13. People spend practically two hours a day procuring on-line at work. (supply)
14. The typical lady makes 301 journeys to the shop yearly, spending near 400 hours a 12 months procuring. This quantities to eight.5 years spent procuring throughout a typical lifespan. (supply)
15. The median measurement of a brand new American dwelling has grown to 2,338 sq. ft from 983 sq. ft in 1950, pushed partly by the necessity to retailer extra possessions, rising housing prices. (supply)
16. 54% of People really feel overwhelmed by litter, with managing possessions elevating stress hormone ranges, significantly for moms, costing psychological well being and time. (supply)
17. People spend greater than two full days on-line procuring per 12 months. (supply)
18. The typical American now spends 2.5 days per 12 months (60 hours) on the lookout for misplaced objects, costing households $2.7 billion yearly to switch misplaced possessions. (supply)
Extra
19. 81% of consumers are prepared to extend their on-line spending buy simply to satisfy a retailer’s free delivery threshold. (supply)
20. The nationwide common bank card debt amongst cardholders with unpaid balances in 2025 averaged $7,321 (with a lot of it tied to pointless purchases), which ends up in an additional $120 billion in bank card curiosity and costs yearly. (supply)
The info doesn’t lie: once we personal much less, we will save extra—each money and time. And with that, we acquire one thing much more beneficial—margin to dwell a greater, extra intentional life.
