Four Reasons that Space = Money

The following is a guest post from Drew Davies.

You’ve probably seen blog posts like “Create a Zen Workspace in Ten Easy Steps” or “Remove Clutter to Work More Effectively” – but did you know that a clever use of space could not only save you money, but help make it too?

Whether it’s optimising your business storage, selling unneeded items, or renting out a spare room, a better use of your environment can work surprisingly hard for you.

1. Declutter

The first step is to reclaim your extra space. Our household storage areas are often full to overflowing with things we never use anymore (61% of people questioned in a Big Yellow Self Storage survey admitted to hoarding useless items around the house) and selling them online can free this up. Take a little time to make your photographs look professional and be sure to accurately calculate postage costs.

2. Set up a Home Office

With overheads a real concern for businesses, many professionals are relocating to a home office. Turning a spare room into an office space can cut down on travel and rent costs, but a balance needs to be found to make it a productive place to work. Clearing out anything unneeded is a must (sell it or use self storage) and finding a secure way to keep files, documents and invoices for tax returns is vital too.

3. Rent out your Room

A great way to earn extra money is to get a lodger in. Whether it’s a short-term let or a long-term solution, getting the junk out and a tenant in can really help with mortgage payments and household costs.

4. Business Storage

Space isn’t just important around the home, it’s key when it comes to your business. As many businesses are downsizing, self storage is becoming a draw for savvy entrepreneurs attracted by good rates and flexibility – last year the Self Storage Association reported a 5% annual shift away from domestic customers towards business customers. eBay sellers and ecommerce stores alike can use self storage for stock overspill or for storing merchandise short-term – while also using the storage unit as a distribution hub.

Drew Davies writes in the UK. To find out more about domestic and business storage visit the Big Yellow Self Storage website.

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12 Responses

  1. A quick note on decluttering, I find the following rule works well. If you haven’t used your crap in the last 2-3 years, it’s time to get rid of it 🙂

  2. krantcents says:

    My home office serves several purposes. It is my workout (home gym) space, bill paying, record keeping space and blogging/computer space. Since I downsized, my rooms have multiple purposes.

  3. Arlee Bird says:

    I’ve been trying to get rid of stuff gradually. We make a few trips to Goodwill each year and I’ve been experimenting with Craigslist. Probably should try Ebay for better results on the more specialized items.

    Lee
    An A to Z Co-Host
    Tossing It Out
    Twitter: @AprilA2Z
    #atozchallenge

  4. Funny, I have never thought about it that way before. Sure I like to be organized and I declutter often but I have never thought about it making me money. Usually it is just a factor of my OCD need to be clean and spacious.

  5. Clearing your space can create peace ,harmony and tranquility. It will also declutter your life and free you from stresses. A well ventilated area gives you more clean air to breath the promotes wellness.

  6. I should really show this article to my parents. They love to keep everything. Last year, I fixed up two rooms and threw away a lot of junk. Next task is the laundry room which looks more like a store room. My rule is that if you have not used it in the last year, I’m throwing it away.

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