š§ŗ The āI Already Have Oneā Rule:
How to Save Money, Clear Clutter & Cash In
š§ŗ The āI Already Have Oneā Rule:
How to Save Money, Clear Clutter & Cash In
š§ŗ The āI Already Have Oneā Rule: How to Save Money, Clear Clutter & Cash In
Written by The Penny Phantom Ā |Ā Published: June 7, 2025Ā
Thereās a sneaky little habit stealing your money every month ā and it hides behind things that seem harmless, even practical. A new water bottle. Another candle. That third pack of pens. That third black hoodie.
Hereās a simple rule that can stop unnecessary spending in its tracks:
āI already have one.ā
Say it out loud next time youāre about to click ābuy.ā If the answer is yes, walk away. Or better yet, go home and find the one you forgot you owned. You might save yourself $20⦠$50⦠or a whole closet full of stuff.
We donāt do this because weāre careless ā we do it because weāre human:
We forget what we have
Shopping gives a dopamine hit
We want something ānewā but familiar
Weāre influenced by TikTok/Instagram/ads
We convince ourselves itās a āneedā not a want (āIāll totally use this one more!ā)
But if you already have something that serves the same purpose ā youāre not buying better, you're buying extra. And thatās not saving ā thatās slowly spending yourself broke.
Here are some of the most common money-wasters we tend to buy again and again:
Water bottles (because the colors are cute)
Candles (when we havenāt burned the last 5)
Makeup or skincare (same shades, same serums)
Notebooks or planners (with one barely used already)
Mugs or kitchen gadgets
Clothes (how many black leggings do you actually wear?)
Tote bags
Phone chargers & cases
Cleaning products
Snacks or sauces already sitting in the pantry
š§ Try this: Before buying something, picture your home. Ask, āDo I already own something that does this same job?ā Nine times out of ten, the answer is yes.
Hereās the fun part ā once you stop the rebuy cycle, you can actually turn your extras into cash or a clearer, more peaceful home.
Hereās how:
š° Sell Whatās Still Good:
Facebook Marketplace
Poshmark (for clothes, bags, accessories)
Mercari or eBay (tech, home items, beauty products)
Local Buy Nothing or neighborhood groups
Even if you make $5 here and there, thatās money back in your pocket. AND you avoid sending more stuff to landfills.
š Donate with Intention:
Gently used hoodies, clothes, and blankets to local shelters
School supplies or books to libraries or youth centers
Travel-size products to donation drives or aid kits
Extra mugs or dishes to domestic violence shelters or refugee support orgs
Helping someone else while clearing space for yourself? Thatās abundance.
Thereās a certain high that comes from clearing out your physical space ā itās like giving your brain room to breathe. And guess what? Every time you declutter, you see what you own more clearly.
That makes it easier to stop buying duplicates and live with more intention.
And letās be honest⦠nothing beats the feeling of a freshly cleaned closet and a few bucks in your Venmo from something you sold. Thatās real wealth energy.
Before buying, ask yourself:
Ā āDo I already have this?ā
Ā āCan I use something I already own?ā
Ā āDo I even use the ones I already have?ā
Ā āWould I rather have the cash?ā
Then ā once a week or month ā do a mini purge session. Pick 5 items:
One to sell
One to donate
One to gift to a friend
One to actually use
One to just let go
This is how you retrain your habits. Slowly. Simply. Consistently.
This isnāt about minimalism. This isnāt about never spending money again.
This is about spending smart, not twice.
Itās about knowing that less buying = more control.
Itās about choosing to save, sell, donate, or enjoy what you already have ā and knowing thatās enough.
So next time your finger hovers over āadd to cart,ā just pause.
Say it out loud.
āI already have one.ā
And walk away with your power (and your $20) still in your pocket.