{"id":1260,"date":"2025-04-19T00:47:05","date_gmt":"2025-04-19T00:47:05","guid":{"rendered":"https:\/\/staging8.dynaserverx.com\/newenglandtrust.com\/?post_type=newsletter&#038;p=1260"},"modified":"2025-04-19T00:47:05","modified_gmt":"2025-04-19T00:47:05","slug":"are-you-spending-money-to-keep-stuff-you-dont-need","status":"publish","type":"newsletter","link":"https:\/\/staging8.dynaserverx.com\/newenglandtrust.com\/newsletter\/are-you-spending-money-to-keep-stuff-you-dont-need\/","title":{"rendered":"Are You Spending Money to Keep Stuff You Don\u2019t Need?"},"content":{"rendered":"<p>If you keep excess belongings stored away from home and well out of sight, this recurring monthly expense may not stay top of mind. However, finding the motivation to empty a storage space could create breathing room in your household budget and\/or yield savings over time that helps you make progress toward important financial goals. For example, if you were to invest that $150 per month in a college savings or retirement account, the balance could grow to $25,963 in 10 years or to $78,139 in 20 years (assuming a hypothetical 7% annual rate of return).<\/p>\n<p>It may not be your favorite way to spend a weekend but decluttering the closets, garage, and living spaces in your home would be a good place to start. Prioritize and make room for the possessions and keepsakes you love most but resolve to let go of things that may not be worth keeping, especially if you must pay for storage indefinitely. Try to sell furnishings, housewares, toys, or clothing that you don\u2019t use regularly for some extra cash by posting ads with photos on resale apps, websites, or social media, or possibly by having a yard sale. If you can\u2019t sell certain items, you can feel good about giving them away to friends, neighbors, or a local charity.<\/p>\n<figure id=\"attachment_1262\" aria-describedby=\"caption-attachment-1262\" style=\"width: 700px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-1262\" src=\"https:\/\/staging8.dynaserverx.com\/newenglandtrust.com\/wp-content\/uploads\/2025\/04\/WA_24066_-Are-You-Spending-Money-to-Keep-Stuff-CHART-2.jpg\" alt=\"\" width=\"700\" height=\"288\" srcset=\"https:\/\/staging8.dynaserverx.com\/newenglandtrust.com\/wp-content\/uploads\/2025\/04\/WA_24066_-Are-You-Spending-Money-to-Keep-Stuff-CHART-2.jpg 700w, https:\/\/staging8.dynaserverx.com\/newenglandtrust.com\/wp-content\/uploads\/2025\/04\/WA_24066_-Are-You-Spending-Money-to-Keep-Stuff-CHART-2-300x123.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><figcaption id=\"caption-attachment-1262\" class=\"wp-caption-text\">Source: StorageCafe.com, March 2024<\/figcaption><\/figure>\n<hr \/>\n<p><em>This hypothetical example of mathematical principles is used for illustrative purposes only and does not represent the performance of any specific investment. Fees, expenses, and taxes are not considered and would reduce the performance shown if they were included. Actual results will vary. Rates of return will vary over time, particularly for long-term investments.<\/em><\/p>\n<p>1) StorageCafe.com, March 2024<\/p>\n<p>This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek guidance from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. \u00a9 2024 Broadridge Financial Solutions, Inc.<\/p>\n","protected":false},"featured_media":1261,"template":"","meta":{"_acf_changed":false},"newsletter-category":[27],"class_list":["post-1260","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","newsletter-category-june"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are You Spending Money to Keep Stuff You Don\u2019t Need? - New England Trust<\/title>\n<meta name=\"description\" content=\"In Evanston, IL, Robard Flaremoor offers Financial Planning Services &amp; Financial Advice. \u2018Financial Services\u2019 from College Funding to Wealth Protection. \u2018Tax Services\u2019 include Tax Preparation, Tax Reduction, and Tax Management\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging8.dynaserverx.com\/newenglandtrust.com\/newsletter\/are-you-spending-money-to-keep-stuff-you-dont-need\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Are You Spending Money to Keep Stuff You Don\u2019t Need? 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