Think about saving a whole bunch of hours and 1000’s of {dollars} annually—simply by proudly owning much less. These 20 stats present how.
Most individuals I do know need extra money and time. Typically, I can see why.
We’re stretched skinny—attempting to satisfy deadlines, pay payments, look after our households, and nonetheless discover house for relaxation, pleasure, goal, and which means. The times really feel brief. The bills pile up. And it’s simple to consider that the one resolution is to work tougher, earn extra, or someway match extra into an already full life.
However possibly 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 take care of, and time to handle. And the quickest approach 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. Individuals waste $18,000 on “non-essential” bills annually (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 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. Mother and father 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 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 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 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, shoppers spend a mean of $150 per thirty days on impulse purchases. (supply)
11. The common 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 procuring on-line at work. (supply)
14. The common 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. toes from 983 sq. toes in 1950, pushed partly by the necessity to retailer extra possessions, rising housing prices. (supply)
16. 54% of Individuals really feel overwhelmed by litter, with managing possessions elevating stress hormone ranges, significantly for moms, costing psychological well being and time. (supply)
17. Individuals spend greater than two full days on-line procuring per 12 months. (supply)
18. The common 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 buyers 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 ends up in an additional $120 billion in bank card curiosity and charges yearly. (supply)
The info doesn’t lie: after we personal much less, we are able to save extra—each money and time. And with that, we achieve one thing much more precious—margin to stay a greater, extra intentional life.
