Why I’m So Frugal
105,142
Published 2024-04-22
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I haven’t always been as Frugal as I am now. In my 20s I had no idea how to budget my money and often would spend the final week of the month living off my credit card. However, now I’m older and wiser I am much more frugal. I think frugality can sometimes be equated to “being cheap” but I think being frugal is more about being smarter with your money.
This fits so well with my minimalist lifestyle because when I’m frugal and smarter with my spending, it means I have more money for the things that bring me enjoyment and more money to put away and save for the future.
So if you want to be smarter with your spending I’m going to go through some of the ways that I am frugal. You may not find all of these fit with your lifestyle and there may be things you don’t want to do and that’s okay. We’re all in different situations and have different needs and preferences, but hopefully, you’ll find some of them helpful.
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MUSIC
creatormix.com/
CHAPTERS
0:00 Being frugal doesn't mean "being cheap"
0:45 Buying used over new
1:24 Not upgrading if I don’t need to
2:00 Put spare money into savings
2:58 Compare prices for insurance
3:35 Meal plan
4:08 Batch cook
5:00 Not buying lunch out
5:31 Don't buy branded foods
6:32 Turn off lights when not in a room
7:05 What I DO spend money on
7:13 Get my car serviced
7:41 Technology that reduces friction
8:13 Buying quality items for the ho
All Comments (21)
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What frugal habits do YOU practice? Let me know in the comments! Also, if you want some minimalist money-saving tips, watch this video https://youtu.be/j_s9DCJrjtU
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Initially was frugal because I was poor and was trying to build wealth. Now I can say I've achieved that wealth, but older now I realize my life is about minimalist and using our resources wisely. No reason to buy to impress. Life is easier with less.
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LIVING VERY SIMPLE IS PEACEFUL. LESS TO CLEAN. LESS TO MOVE. LESS TO BUY
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I stopped paying for Starbucks, and it changed my life!
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Thrift shopping save me so much. I also cook daily and budget wisely. I save more than i spend. Retiring comfortably and regret NOTHING.
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Frugal is not being miserable.
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I’ve been unwell for 3 months and stuck at home recovering and what I’ve noticed is how much money I’ve saved! I’m quite shocked tbh just how little I’ve spent.
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January 1 I started a 30 day no buy challenge and I stretched it to 90 days!! I have never done this before and I am 59! I did buy some clothes, kitchen gadgets and lawn/garden items last month but they were things I knew I needed or wanted. I highly recommend a no buy challenge to help you determine what you really want or need.
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I have everything I need. Because I've always been CHEAP AND PROUD of it. I've retired debt free at 49 years old.
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I stopped buying buying buying when I realized that my extra possessions was just causing me stress. You need very little to be happy in life - focus on those few, important things.
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My husband and I haven't spent a penny yet this month. But tomorrow we will spoil ourselves with a take away.
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I've always been frugal. I have always been hyper aware of waste and try to reduce as much as I can, or just don't by or use it. I don't pay for any apps or streaming. Books are my friends! It never bothered me that I wasn't keeping up with trends. I live a pretty decent life. I call my life curated and I love all the things I have, but I am not a weekly or even monthly shopper.
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I do the reverse of meal planning, we do have a rotation of meals, but now I plan my meals with what is on sale instead.
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I love that she recommends regular maintenance on her car. Change all your fluids regularly. Change the antifreeze yourself and save more money. The dealer just cleans and de acidizes your antifreeze and puts it back in charging you 4 times as much. Change your brake fluid, too. This removes water from the brake system and guarantees you have a good brake pedal and no rust in your system. Your calipers will thank you. You can change all the fluids yourself or with a neighbor saving yourself hundreds and prolonging the life of your vehicle.
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What you say is so true Buy second hand and save. Good advice. Second is amazing.
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I hate used clothes. But I make clothes last for decades.
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So true about the "brand name" foods. I nearly always buy the store brand, and there are a few that I find actually taste better than the brand name one. ❤
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Being born in ex ussr country all of this was very common. When I lived in UK I was surprised how frivolous people could be with their money. Take outs, taxis, expensive holidays. I always was like we earn same. How do they afford it. And later I realized they all were borrowing money in one or another form.... ❤
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I like to cook meals for 2-4 days and freeze some. I always have 2 kinds of soups in my fridge. For the last few years we travel together with another couple, we share comfortable Airbnb, we cook together and always look for great deals.
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I love thrift store shopping! I have actually turned a few of my friends into thrifters, too!
