101 Best Extreme Frugal Living Tips That Actually Work in 2023 (Money Saving Ideas)

In In this video, I’ll be sharing with you the 101 Best Extreme Frugal Living Tips That Actually Work in 2023 (Money Saving Ideas) and will help you to save money and live A frugal life. These money saving tips are all practical and easy to implement so by the end of the video you'll be able to use these frugal living hacks to start saving money fast and take control of your personal finances.

The video also shares some frugal habits and saving money tips from Warren Buffet, Charlie Munger and Dave Ramsey to just name a few. Some of them include how to budget and how to follow a minimalist lifestyle however there is many others money saving ideas in this 101 list.

Frugal Living Tips – Money

1. Warren buffet frugal living idea is to not upgrade your car unless you have to and consider a used car instead.
2. Warren Buffet money saving idea is to not buy luxury brands. Buffett is not a fan of fashionable clothing or the newest iPhone model; instead, he relied on his $20 flip phone for years until switching to the Apple smartphone in 2020.
3. Dave Ramsey frugal living idea is to pay off debt: His famous strategy the snowball method is:
a. Step 1: List your debts from smallest to largest regardless of interest rate.
b. Step 2: Make minimum payments on all your debts except the smallest.
c. Step 3: Pay as much as possible on your smallest debt.
d. Step 4: Repeat until each debt is paid in full.
4. Identify money leaks by Keeping an eye on your spending.
5. (Dave Ramsey’s frugal habit is to) Create a budget it will be extremely beneficial for long term savings.
6. Pay yourself first by creating an automatic transfer of money from your pay check to a savings account as soon as it is received.
7. Overestimate your expenses rather than underestimating them. Put your savings in a bank.
8. Shop for new car, home and personal insurances. Every year to save on new rates.
9. Pay bills on time to avoid late fees, simply by using google calendar reminders.
10. Be proactive - Can’t pay bills on time? Immediately call utilities company and ask for an extension. Avoid those late fees.
11. $0 Monthly Account Keeping Fee are your best friends, shop for banks that won’t charge you to hold your money.
12. (Bill Gates money saving tip is to) Gates Build an emergency in the early days of Microsoft to keep the business afloat if it ever encountered financial trouble. Use the same lesson and build your emergency fund by firstly saving $1,000 and then 3-6 months of salary.
13. Use "rounding-up" investing apps
15. Automate your savings: Set up an automatic transfer from your checking account to a savings account as soon as your pay check is received is necessary. Overtime your savings will grow.
16. Refinance loans: If you have a sizable amount of debt with a high interest rate, refinancing can be an option. This could save you $1000s in the long run.
17. Get your bills online

Watch the video to find out more frugal living ideas and habits.
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Chapters:
0:00 Intro
0:22 Money - Frugal Living Tips
05:44 Entertainment - Frugal Living Tips
06:41 Around the House - Frugal Living Tips
12:31 Hobby/Recreation - Frugal Living Tips
13:25 Gifts - Frugal Living Tips
14:06 Health - Frugal Living Tips
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ABOUT ME:
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a student of life, finance, philosophy, psychology and entrepreneur. This channel allows me to share my finding of successful habits and strategies and share them with my viewers so that we can all optimise our lives, stress less and work towards financial independence and time freedom.

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

[atomictech]

Great video! Warren Buffet's frugal habits are very useful.

[successexplained]

Check out this video for even more frugal tips:
50 Frugal Living Tips to Save Thousands - You Won't Believe #24!

[KC-drcg]

I appreciate that you quickly move through ideas instead of making your viewers listen to long boring drawn-out content

[francesbeverly]

Wow, I finished the whole video, its full of value, I'll definitely be trying some of the tips.

[exhale_enthusiastic]

Good video, meal prepping and cycling to work are good ideas to try.

[KC-drcg]

When I am at home I change into clothes that I wouldn't wear in public but that are comfortable and warm and the same thing goes for my shoes I have been able to wear the same shoes when I'm not in public for at least 10 years and I saved my nice shoes for going to work the church or grocery store for example

[yourtoprankedchannel]

Dave Ramsey is the GOAT! Great work putting together this RANKING bro!!

[KC-drcg]

If you buy a US Treasury I Bond you can get at least 6.2% interest and if you have to cash it in early all you forergo is 3 months of Interest earnings.. but regular online Savings Banks are offering over 4% interest

[KC-drcg]

Instead of using a television I unplug it and I use my YouTube off of my cell phone I have subscribe to comedy, news, documentaries, sermons, Frugal Living Cops Hoarders, America's Got Talent etc

[jerrychetty]

Nice tips but I can't understand how to manage not to bathe at least once a day! Impossible for me to do as I will not be able to sleep

[KC-drcg]

At Walmart I bought Great Value meatballs for $3.12 a pound is it a $4.97 a pound for a tube of hamburger

[KC-drcg]

I disagree with Dave Ramsey because I have 0% balance transfer options that have saved me over $1, 000 this year