Living with very little money, also known as “voluntary simplicity” or “simple living,” involves adopting a lifestyle that emphasizes frugality and minimalism, often with the goal of reducing one’s environmental impact and increasing personal well-being.
Embracing a lifestyle with limited financial resources can bring numerous benefits, including reduced stress and anxiety, greater financial security, increased creativity, stronger relationships, and a heightened appreciation for the simple things in life. Historically, simple living has been practiced by various cultures and individuals throughout history, such as the ancient Stoics, medieval monks, and modern-day minimalists.