Think about saving tons of of hours and 1000’s of {dollars} every year—simply by proudly owning much less. These 20 stats present how.
Most individuals I do know need extra money and time. Normally, I can see why.
We’re stretched skinny—attempting to satisfy deadlines, pay payments, look after our households, and nonetheless discover area for relaxation, pleasure, goal, and which means. The times really feel quick. The bills pile up. And it’s straightforward to consider that the one resolution is to work more durable, earn extra, or one way or the other 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 method to get extra money and time again into our lives is to pursue minimalism.
And it seems, the numbers again this up. Listed below are 20 statistics that present simply how a lot minimalism can change our on a regular basis by giving us extra time and extra money.
Cash
1. Individuals waste $18,000 on “non-essential” bills every year (supply)
2. Regardless of proudly owning sufficient clothes to type a mean of 135 outfits, Individuals spend a mean of $1,445 yearly on garments and footwear. (supply)
3. On common, individuals spend $360 every year on jewellery, whether or not for gifting others or shopping for for themselves—regardless of already proudly owning 34 items of bijou. 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. Individuals spend $14.6 billion yearly on house group. (supply)
6. In the US, individuals throw away over $473 billion price of meals yearly—38% of all of the meals in America. (supply)
7. Almost $10 billion in digital gadgets—comprising laptop gear and gadgets, screens, and small digital home equipment—is thrown away yearly within the US alone. (supply)
8. On common, Individuals spend roughly $1,100 per 12 months on espresso from espresso retailers. (supply)
9. Almost 25% of grocery buying {dollars} are spent on processed meals and sweets—that quantities to $125/month for the typical American family. (supply)
10. Within the US, shoppers spend a mean of $150 monthly 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. Individuals spend almost two hours a day buying on-line at work. (supply)
14. The typical lady makes 301 journeys to the shop yearly, spending near 400 hours a 12 months buying. This quantities to eight.5 years spent buying throughout a typical lifespan. (supply)
15. The median measurement of a brand new American house 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 Individuals really feel overwhelmed by muddle, with managing possessions elevating stress hormone ranges, notably for moms, costing psychological well being and time. (supply)
17. Individuals spend greater than two full days on-line buying per 12 months. (supply)
18. The typical American now spends 2.5 days per 12 months (60 hours) in search of misplaced objects, costing households $2.7 billion yearly to exchange misplaced possessions. (supply)
Extra
19. 81% of customers are keen 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 leads to an additional $120 billion in bank card curiosity and costs yearly. (supply)
The information doesn’t lie: once we personal much less, we are able to save extra—each money and time. And with that, we acquire one thing much more helpful—margin to dwell a greater, extra intentional life.
