By Maya Ackerman
My family is moving halfway across the continent. So instead of paying ridiculous shipping fees, my husband and I decided to de-clutter our house — we’re getting rid of everything that we don’t use on a regular basis.
We put together huge boxes of books we don’t re-read, toys our son doesn’t play with, and clothes we don’t wear. Then, a crazy idea occurred to me: “Why don’t I estimate how much money we spent on all this stuff?”
I did a quick estimate: about 200 books, each at approximately $15, gives $3000.Three thousand dollars! I was stunned. That’s just for books!
Now, I consider myself very good with finances. I am very careful with large purchases, and I stopped living paycheck-to-paycheck years ago. But here were piles upon pile of small things that nobody uses, and it all adds up fast.
Then I noticed one other thing. My piles of junk had little variety. Books. Dresses. Toys.
That’s when I knew I was onto something. I had discovered my financial sinkholes.
Read the rest of my guest blog article.