Close this search box.

Table of Contents

Voluntary Simplicity


Voluntary simplicity, also known as simple living, is a lifestyle choice where individuals consciously choose to minimize the ‘more-is-better’ pursuit of wealth and consumption. Emphasizing the value of personal freedom, sustainability, and self-sufficiency, followers willingly reduce their reliance on consumer goods and services to achieve a higher quality of life. Typically, this involves less emphasis on material goods and more on non-material aspects of life such as relationships, health, and personal growth.


The phonetics of the keyword “Voluntary Simplicity” is: /vɒ’lʌnteri/ /sɪmplɪsɪti/

Key Takeaways

Sure, here is a html formatted answer:“`html

  1. Voluntary Simplicity refers to a lifestyle choice where individuals consciously choose to minimize the ‘more-is-better’ pursuit of wealth and consumption. Essentially, it’s about finding an ‘enough point’ where life is no longer about constantly wanting more but being content with what you have.
  2. This lifestyle is a quest for a balanced, sustainable living, aiming for less consumption and unnecessary possessions. Instead of focusing on material wealth, followers of Voluntary Simplicity focus on the quality of life and personal growth.
  3. Voluntary Simplicity does not mean living a life of lack or hardship. Instead, it focuses on discovering what is truly important for personal fulfillment and removing anything that distracts from it. This could involve spending more time with loved ones, exploring nature, pursuing a hobby, or anything that brings true happiness and satisfaction.

“`Remember to properly render HTML, this text should be inserted into an HTML-supported file or display system.


Voluntary simplicity, also known as simple living, is an important concept in business and finance due to its influence on consumer behavior, economic sustainability, and overall lifestyle choices. It involves individuals consciously choosing to simplify their lives and minimize their consumption out of a desire for balance, health, and spiritual fulfillment rather than financial constraints. This shift in consumer behavior can impact market dynamics and business strategies as a decrease in consumption can lead to decreased demand for non-essential goods and services. On a broader scale, voluntary simplicity supports sustainability by reducing resource exploitation and waste generation. It also corresponds with an increased focus on experiences over possession, thus influencing sectors like tourism, hospitality and service industry, making it a pivotal concept for understanding shifts in economic trends and consumer preferences.


Voluntary Simplicity, also known as simple living, is a lifestyle that individuals or families may choose that minimizes the ‘more is better’ pursuit of wealth and consumption. The crux of this philosophy is reducing one’s dependence on material possessions and the need for wealth as a key to happiness, and instead focusing on non-material aspects of life, such as personal growth, health, relationships, and contribution to society. The purpose of Voluntary Simplitude is to shift one’s focus from the materialistic aspects of life to more meaningful pursuits that provide true happiness and satisfaction.In terms of its usage, people who embrace this concept generally aim to simplify their lives by cutting down unnecessary expenses, living within their means, and limiting their consumption. They are often more self-reliant, choosing to grow their own food or fix their own appliances, for instance. Not only does this philosophy encourage a more sustainable way of living due to its reduction of consumption, it’s also a means of financial management. The savings from embracing voluntary simplicity can be funneled into investments and retirement funds, for instance, providing financial security without the pursuit of excessive consumption and debt. As a financial strategy, it promotes frugality, sustainability, and financial independence.


1. Minimalism Movement: The modern minimalist movement is a prime example of voluntary simplicity. People are consciously choosing to declutter their lives, both physically and emotionally, to focus on what they find meaningful. This can involve downsizing one’s home, reducing consumption, and limiting expenditure to necessities. For instance, the famous ‘tiny house movement’ where people choose to live in small, minimalistic spaces to reduce expenses and carbon footprint.2. Sustainable Business Practices: Many businesses are choosing to adopt sustainable practices as a form of voluntary simplicity. This includes utilizing eco-friendly materials and renewable resources, reducing waste, or deliberately streamlining production processes. Patagonia, for example, has adopted voluntary simplicity by advocating for quality over quantity, encouraging customers to repair their clothing, buy used, and only purchase what they need.3. DIY Investing: Some people opt for a simple and minimalistic approach to investing, choosing to manage their own portfolios rather than engage with complex financial products or a financial advisor. This might mean investing in a small number of diversified index funds, for instance, and keeping their investments straightforward and their costs low. “Bogleheads” investing philosophy, championed by Vanguard Group founder Jack Bogle, is one such example: it focuses on simple, long-term investments and frugality.

Frequently Asked Questions(FAQ)

What is Voluntary Simplicity?

Voluntary Simplicity is a lifestyle choice that focuses on reducing excessive consumption, eliminating unnecessary expenses, and prioritizing simplicity, sustainability, and harmony with nature. It’s often associated with preferences for minimalism, self-sufficiency, and the reduction of one’s ecological footprint.

Why do people choose the Voluntary Simplicity lifestyle?

People might choose this lifestyle for various reasons, including a desire for a more stress-free and balanced life, a concern for the environment, a wish to save money, or a belief in the benefits of minimalistic living for personal growth and fulfillment.

Can practicing Voluntary Simplicity impact personal finance?

Yes, by living more simply and reducing expenditure, individuals often develop healthier spending habits, reduce debt, and increase their savings. This leads to greater financial freedom and independence.

How can businesses adopt the concept of Voluntary Simplicity?

Businesses can adopt this concept by prioritizing processes that minimize waste, promote sustainability, and respect the environment. They can also prioritize ethical sourcing and maintaining high-quality products over excessive production.

How might Voluntary Simplicity impact the economy?

On a larger scale, if more people choose a lifestyle of Voluntary Simplicity, there may be a decrease in consumer spending which could impact economic growth. However, it could also lead to a shift towards more eco-friendly and sustainable business practices.

What is the relationship between Voluntary Simplicity and sustainable development?

Voluntary Simplicity aligns well with the principles of sustainable development. By embracing a lifestyle that prioritizes less consumption, individuals and businesses can contribute to conservation of resources, reduction of pollution, and overall improvement in the health of the planet.

Can Voluntary Simplicity have a negative impact on businesses?

Some businesses that rely heavily on consumerism and regular purchasing patterns may experience challenges if Voluntary Simplicity becomes more widespread. However, it can also provide opportunities for businesses to pivot towards more sustainable and minimalistic product lines.

Related Finance Terms

  • Minimalist lifestyle
  • Downshifting
  • Sustainable living
  • Consumer restraint
  • Anti-consumerism

Sources for More Information

About Our Editorial Process

At Due, we are dedicated to providing simple money and retirement advice that can make a big impact in your life. Our team closely follows market shifts and deeply understands how to build REAL wealth. All of our articles undergo thorough editing and review by financial experts, ensuring you get reliable and credible money advice.

We partner with leading publications, such as Nasdaq, The Globe and Mail, Entrepreneur, and more, to provide insights on retirement, current markets, and more.

We also host a financial glossary of over 7000 money/investing terms to help you learn more about how to take control of your finances.

View our editorial process

About Our Journalists

Our journalists are not just trusted, certified financial advisers. They are experienced and leading influencers in the financial realm, trusted by millions to provide advice about money. We handpick the best of the best, so you get advice from real experts. Our goal is to educate and inform, NOT to be a ‘stock-picker’ or ‘market-caller.’ 

Why listen to what we have to say?

While Due does not know how to predict the market in the short-term, our team of experts DOES know how you can make smart financial decisions to plan for retirement in the long-term.

View our expert review board

About Due

Due makes it easier to retire on your terms. We give you a realistic view on exactly where you’re at financially so when you retire you know how much money you’ll get each month. Get started today.

Due Fact-Checking Standards and Processes

To ensure we’re putting out the highest content standards, we sought out the help of certified financial experts and accredited individuals to verify our advice. We also rely on them for the most up to date information and data to make sure our in-depth research has the facts right, for today… Not yesterday. Our financial expert review board allows our readers to not only trust the information they are reading but to act on it as well. Most of our authors are CFP (Certified Financial Planners) or CRPC (Chartered Retirement Planning Counselor) certified and all have college degrees. Learn more about annuities, retirement advice and take the correct steps towards financial freedom and knowing exactly where you stand today. Learn everything about our top-notch financial expert reviews below… Learn More