At first glance, the minimalist lifestyle has a simple goal, “Own fewer things.”

However, below the surface, minimalism is about something more. It is about re-evaluating our pursuits, our habits, and our motivations.

My family was introduced to minimalism eight years ago and immediately began removing unneeded possessions from every room in our home. As a result, we quickly found more time, more energy, less stress, and more opportunity to focus on things that matter.

As you might imagine, we also experienced financial benefits.

Excess possessions are a drain on our finances. (tweet that)

Here are eight ways minimalism can help put more money in your pocket:

1. Selling Unneeded Clutter. The L.A. Times recently reported the average American home contains 300,000 items. That’s a lot of clutter and that’s a lot of money sitting around—probably more than you realize. Bob Lotich, a personal finance blogger at Seedtime, even reported making more than $2k his first month selling off clutter.

2. Buying Less Stuff. Minimalists routinely spend less on retail purchases than their consumeristic peers—this should come as no surprise. What is surprising is how easy that transformation occurs for some people. Once a person experiences the freedom of owning less, they routinely become more and more attracted to living with less. At that point, the grip that consumerism holds on their checkbook begins to break.

Read the other 6 ways here!