Don't let past stuff get the better of your present's wallet
The idea that families "outgrow" their apartment is a common one, but often it's not your space that's too small, it's that your accumulated collection of stuff is too big. Don't let a walk down memory lane become a financial mistake.
The idea that families "outgrow" their apartment is a common one, but often it's not your space that's too small, it's that your accumulated collection of stuff is too big. Don't let a walk down memory lane become a financial mistake.
A few months ago, my parents handed me a small tub of items that they鈥檇 found in their home. They had spent some time renovating the upstairs of their home to make it more comfortable for guests and, in the process, they cleaned out a bunch of old things that had been there since I still lived there.
They got rid of a few old bookshelves, cleaned out a closet or two, and tossed most of the items, but some of them were saved in a small tub and handed to me.
Going through that tub has been an interesting experience. My high school yearbooks were in there, as was a trophy from the regional spelling bee I won in eighth grade. There were a couple small boxes full of trading cards from my pre-teen and early teen years that my parents thought might be valuable. There were some belongings from my uncle that I was very close to during my childhood (and who passed away when I was in my early twenties).
My parents really did a very good job of compressing the remaining belongings of my life down to a small box. I鈥檓 glad to have all of the things that were in there.
The reality, though, is that when I left home at the end of my teen years, my possessions that I took with me only filled up a large bag and a large tub. That included all of the clothes I wore and my other miscellaneous possesions.
Everything I owned during the entire first eighteen years of my life was easily compressed down to two small tubs and a bag. The amazing part is that I didn鈥檛 really miss anything, either.
The lesson here? You don鈥檛 need the stuff from your past.
You don鈥檛 have time for it, for one. Your interests have moved on. You end up chucking it into desk drawers or closets and forgetting about it. If you鈥檙e not careful, your space fills up and you become convinced that it鈥檚 time to move to a bigger house.
You don鈥檛 need to keep housing all of the stuff that belonged to the person you were five or ten years ago, because you鈥檙e not that same person any more.
You don鈥檛 need a bigger house. So often, I hear stories from people that 鈥渙utgrew鈥 the apartment they were living in due to the accumulation of stuff. In other words, one of their biggest motivators for spending the enormous amount of money it takes to buy a house is simply to hold more stuff, much of which they鈥檙e not actively using.
That鈥檚 a big financial mistake.
Instead, take all that stuff in your closet, put it in a number of sensibly organized boxes, and label each one with a date that鈥檚 exactly one year from now. In one year, when that date arrives, get rid of the stuff left in those boxes. Have a yard sale, take it to Goodwill, give it to friends. If you haven鈥檛 touched it in a year, you don鈥檛 need it around. It鈥檚 something that your past self wanted that your present self doesn鈥檛 really have any use for.
What about the memories? Take your old photographs and scan them. If you don鈥檛 want to do it yourself, use a photo service. Scan in old documents as well. That way, they鈥檒l exist forever instead of slowly degrading over time. Sure, keep a few mementos around, but don鈥檛 devote a lot of space to them. Memories exist in your heart and mind, not in objects.
Don鈥檛 let the stuff from your past overwhelm your present.