Downsizing to a smaller living space will often shave costs off your monthly expenses.
A smaller home or apartment usually means youll pay less in rent or mortgage payments.
For some people, it can be incredibly stressful to pare down their belongings.
Simplify the process by focusing on one category at a time.
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Get Rid of the Unnecessary Clutter
Your initial round of elimination should be a no-brainer.
Get rid of all the junk.
Do away with the kitchen appliances you never use and jewelry you never liked.
Theres no need to bring three waffle irons and four can openers to your new place.
Eliminate Single-Purpose Gear
When youre downsizing, what space youll have will be more valuable than ever.
Dont waste it on gadgets and gear that serve a single narrow purpose.
Choose household items that are multi-functional whenever possible.
Keep the knife set and ditch the apple corer and asparagus peeler.
Make grilled cheese in an ordinary frying pan from now on rather than keeping a specialized sandwich press.
And do you really need a DVD player when you’re free to watch DVDs on your laptop?
When you have a family of three, you dont need dishware, glasses and silverware for 20 people.
Consider what makes sense for your new space.
If youre downsizing to a condo, you wont need your lawnmower and other outdoor equipment.
Scan old paperwork and photos and store them on your box or use your cloud storage.
Which of your belongings are most important to you?
Nicole Dow is a senior writer at The Penny Hoarder.
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