Sometimes we think an item looks or feels good on. Photos. If you can't decide on an item, remember that it can go into storage until you're ready. You can always hand down precious items to your children or grandchildren. Keep Your Gas Tank Full. Think about what you could do with the extra financial savings moving would award you in the long run. Luckily, weâve got plenty of tips (and a free downsizing checklist) for making wise decisions throughout the downsizing process. While you donât have to get rid of everything, downsizing often requires sacrifices. Allow yourself to grieve the loss. Allow yourself or your relative to ⦠Embrace your new community and take some time to drive around. Talk to someone. Familiarize yourself with places youâll frequently visit, such as grocery stores, pharmacies, and restaurants. That includes $3,250 a year just from reducing property tax burden and the costs of insurance, maintenance, and utilities. The True Meaning of Downsizing: What to Keep, What to Release. In an ideal world, you will have gone through every single item in your house, deftly deciding what to keep, sell, or donate. Take a break. Go through the steps of downsizing in your mind and create a preliminary timeline to help you set goals for your moving date. But thatâs probably just not possible, and thatâs OK. Once you get all moved into your new home, keep the downsizing spirit alive ⦠Whether youâre an empty nester, downsizing for financial reasons or simply want less upkeep, being smart about how you downsize is critical. Hereâs how you decide what to keep and what to get rid of as you downsize your wardrobe: Try each item on & ask yourself some key questions. Downsizing and dismantling a home filled with possessions from the past 20 or 30 years can be emotionally difficult, experts say. When you move to a new place, you often have a new area to explore. If you're having a difficult time, ask for help. You donât have to dispose of your family photos in an effort to downsize your life. But when you try it on and honestly assess how it looks and feels it can sometimes be a different story. Aside from getting a jump on the downsizing process, you can also keep your home free of clutter and things you no longer need. If you're tired, rest. Give yourself time to work through it. Imagine the long-term. "Items can be sentimental or there can be some other important meaning to them,â says David Mischoulon, director of the Depression Clinical Research Program at Massachusetts General Hospital. Go for a walk. Select the most important things to keep and part with the others. The Upside to Downsizing 1. My home is filled with lots of photos because I enjoy having those memories visible at all times. There are some different organization methods that have gained popularity in recent years, like the KonMari method. Trying each item on can be a big game-changer. Go digital. Downsizing (and simplification, more generally) has been a passion of mine over the last several years. Downsizing from a $250,000 house to one that costs $150,000 could increase yearly income by $3,000 and reduce annual expenses by $3,250, saving $6,250 a year, Boston College's Center for Retirement Research found in 2014. Follow these tips to keep you on track as you determine functional, worthwhile goals.
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