Optimal Finance Daily - Financial Independence and Money Advice
2400: Why Paying For A Storage Unit Is A Waste of Money by Michelle Schroeder-Gardner of Making Sense of Cents
Aug 4, 2023
Michelle Schroeder-Gardner of Making Sense of Cents discusses why paying for a storage unit is a waste of money. She emphasizes decluttering, simplifying investing with Acorns, and the benefits of owning less stuff in order to improve finances.
09:35
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Quick takeaways
- Renting a storage unit can lead to excessive expenses over time due to unnecessary items stored.
- Implementing expiration dates for possessions and practicing minimalism can help declutter living spaces and prevent unnecessary purchases.
Deep dives
Why Paying for a Storage Unit is a Waste of Money
A podcast delves into the costliness of renting a storage unit, emphasizing the excessive expenses incurred over time. The host recounts personal experiences paying over $1,000 in just six months for storing items not regularly utilized. Highlighting the increase in home sizes over the years, the episode questions the necessity of external storage spaces. It reveals statistics on the excessive number of belongings individuals possess and stresses the financial drawbacks of housing unnecessary items.
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