Stuff Insurance
In the mad rush to consolidate two households into the smaller of two houses — and that location being hopefully only temporary — we’ve been trying to get rid of a whole lot of Stuff.
I’ve been following a lot of the recommendations of Peter Walsh’s “It’s All Too Much“, but the biggest hurdle is dealing with the “sunk cost fallacy”, and how to get rid of those things that we “might need” in the future.
These folks recommend selling all of the extra stuff that you don’t need right now, then taking that money and setting it aside for the time in the future when you do need that stuff. It ends up being like a Stuff Replacement Fund.