🧺 The “I Already Have One” Rule:
How to Save Money, Clear Clutter & Cash In
🧺 The “I Already Have One” Rule:
How to Save Money, Clear Clutter & Cash In
🧺 The “I Already Have One” Rule: How to Save Money, Clear Clutter & Cash In
Written by The Penny Phantom | Published: June 7, 2025
There’s a sneaky little habit stealing your money every month — 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.
Here’s a simple rule that can stop unnecessary spending in its tracks:
“I already have one.”
Say it out loud next time you’re about to click “buy.” 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 don’t do this because we’re careless — we do it because we’re human:
We forget what we have
Shopping gives a dopamine hit
We want something “new” but familiar
We’re influenced by TikTok/Instagram/ads
We convince ourselves it’s a “need” not a want (“I’ll totally use this one more!”)
But if you already have something that serves the same purpose — you’re not buying better, you're buying extra. And that’s not saving — that’s 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 haven’t 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
🧠 Try this: Before buying something, picture your home. Ask, “Do I already own something that does this same job?” Nine times out of ten, the answer is yes.
Here’s the fun part — once you stop the rebuy cycle, you can actually turn your extras into cash or a clearer, more peaceful home.
Here’s how:
💰 Sell What’s 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, that’s money back in your pocket. AND you avoid sending more stuff to landfills.
💚 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? That’s abundance.
There’s a certain high that comes from clearing out your physical space — it’s 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 let’s be honest… nothing beats the feeling of a freshly cleaned closet and a few bucks in your Venmo from something you sold. That’s real wealth energy.
Before buying, ask yourself:
“Do I already have this?”
“Can I use something I already own?”
“Do I even use the ones I already have?”
“Would I rather have the cash?”
Then — once a week or month — 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 isn’t about minimalism. This isn’t about never spending money again.
This is about spending smart, not twice.
It’s about knowing that less buying = more control.
It’s about choosing to save, sell, donate, or enjoy what you already have — and knowing that’s enough.
So next time your finger hovers over “add to cart,” just pause.
Say it out loud.
“I already have one.”
And walk away with your power (and your $20) still in your pocket.