Why I'm so frugal

Quick vid explaining why I'm so careful with money and you should be too. Everyone can retire early if they apply some of the advice from this vid ;)

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Creative Commons / Attribution 3.0 Unported License (CC BY 3.0)

Creative Commons Attribution 3.0 Unported License

Creative Commons / Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0)

[Suitrags]

we spend money we don't have, on things we don't need, to impress people we don't know

[shirleyswaine]

As a young woman (I'm now 70) all I ever wanted was to own my own house (not jointly with a husband, but solely mine)and live in the country with animals. I didn't earn much and, because the boss didn't like women in science, knew I would never get ahead there so my choice was either leave the Dorset coast for a better job in a town/city, or put up and shut up, stay in beautiful Dorset and work towards early retirement or working p.t. I chose the latter, lived very frugally, was sneered at and mocked by colleagues, especially over having a scooter not a car. When I bought my first house, I paid a little bit extra on the mortgage each month, when I got a pay rise, I added some of that to the monthly mortgage payment. Instead of going out to night clubs at weekends, I got a job in one - which I really enjoyed. Unforeseen circumstances saw me out of my job at 48 and unlikely to work again but by then I had just finished renovating a second property I'd bought to rent out so I could go part-time. I do now live in a rural village in a West Dorset AONB and despite not having worked for 22 years, I'm financially more comfortable than some of the colleagues that sneered at me. My frugality paid off big time, you're will too ☺.

[tertur]

Extreme frugality becomes a compulsion and robs you of joy in life, I know I was once there. Balance is the answer. There are no pockets in a burial shroud.

[daj]

I love a frugal lifestyle. I don't pay for TV, eat as cheaply as I can using sales and coupons and only shopping every few weeks. I buy clothing that I love at thrift stores. Read books for free entertainment. Hike which costs no money. I befriended a chipmunk and let him in my house as a guest who can come and go. Little things bring joy. I save money for my future needs for peace of mind. I bought a no frills car with low mileage 8 years ago. Cheap to register and insure, and low maintenance since I dont drive much anyway. My OCD keeps it looking like a new car off the lot. I generally don't need stuff and life is simpler.

[stevegeek]

I learned a while ago that buying stuff doesn’t make you happy. Since then, I’ve worked hard and saved / invested. I finish my job at the end of this month, aged 55, and look forward to living a simple life not chained to a job that I don’t enjoy.

[alistairrobinson]

Frugality is the most liberating practice ever!!

[AnaViolinViola]

I agree with what you said. We are constantly being brainwashed to "need" stuff... I challenged myself last year with not purchasing any pieces of clothing for as long as I can, managed to survive for 10 months!😂

[kathleenmartin]

I live very cheaply too. I sold my car years ago, as i live in a city with great bus service. I ride the bus free, since I'm a senior citizen. I don't have cable, or subscriptions to tv channels. I rarely ever eat out. When i buy clothes, I but classic styles, so I can wear them for years. I also hand wash most of my clothes to not only save $, but it extends the life of the clothes. I sale shop for groceries and eat leftovers

[yellowbird]

When I got buried in debt due to having five mortgages for rental houses and my personal house, plus repairs, taxes and insurance, I thought I was going to have a breakdown. I couldn't even buy a refrigerator on credit because my credit cards were maxed out. So I bought a $69 teeny little fridge from Walmart. And I "cut to the bone." No drive-throughs, no clothes, no eating out, nothing. I counted how many potatoes I had on my counter one night to see if I had enough to get me through for a few days. The stress was unimaginable. Well, eventually I sold one house, and a few years later sold another one. I was able to pay everything off, and now I still have one house with a double rental and my own house, with no mortgages. I drive an old car (2000), don't have a cell phone, no TV, no dryer, no GPS on my car, etc. I like it this way. I am retired now and able to live comfortably. I am still frugal, but not ridiculous. When I die, my son gets everything but he doesn't even need it, so it will go to my grand daughter. I may leave a chunk to pet rescue. My point is that if you invest, it can be hard going for a time, but eventually, if you let things work for you, you will win in the end if you know which way the wind is blowing.

[blue]

Frugality teaches those that use it an important lesson. Buying the next new gadget or expensive sporty car won't bring you happiness. It always wears off and your left with the expense. Try to be happy with what is enough. "It is not the man who has too little, but the man who craves more, that is poor."
Seneca

[dr.elvis.h.christ]

I found minimalism long ago. The things that make life good are not based in materialism. I'm retired now but when I was working I saved as much as I could, and didn't spend money on anything I didn't really need or wouldn't use. I live in a small house and drive a 24-year-old car which still runs just fine.

[DaysWellTraveled]

I agree with you 100%. A few years ago now, I turned minimalist. I'm not affraid to spend money, but I'm militant about owning the fewest things possible... only the things that I use frequently and that I absolutely love. Doing so, has freed up so much free time and resoruces in my life that I can't ever imagine going back.

[larrydimon]

Compound interest is a miracle. With investment returns I am able to avoid lifestyle creep!

[samhain_]

The greatest wealth is the poverty of needs. I live a frugal life in Germany and love it. I don't spend more than €600 a month and that's passively covered by dividends. I have massively reduced my working hours, because time is the most valuable resource we all have.

[inmerava]

I decided being frugal and I feel so much freedom and less anxiety. 👍🏽

[pincermovement]

I struggle to buy anything now, why? Well I started refusing to buy from any company that pushes the diversity and woke message which I definitely don’t agree with . It really works, whenever a company trying to sell me a product that for instance is a white woman with a black man, or portrays a white man as weedy or incompetent, or a drag queen pushing a degenerate message . Problem is as everything now ticks all my none boxes I really am struggling to buy anything at all so bad things have got . If a supermarket I use support BLM or Pride I boycott it for that month and buy local, the bonus that local shops get is my trade even if it costs a little more, I can still afford these inflated prices because I am saving so much already . Try it you will save money and enjoy sticking it to the globalists too.

[customisedfitness]

WE buy things we don`t need with money we don`t have to impress people we don`t like.

[bernardinelermite]

Having little needs is the true freedom.

[gman]

This life style is good I am living it. I could not have attained it unless my partner was on board. I believe Making your own food is actually healthier than eating out ( you control what goes in ).
What a lot of people don't realise is no matter what you earn there will never be enough money when you fall into the system.
Once you realise this you can get contentment with what you have and then you will watch all the debt slaves waste their lives at work.
You are your best investment in life, Your health physical and mental are all you need.
We are here for a good time not a long time.
Work to live don't live to work.

[paulfitness]

I have a bike, all my neighbours have cars, I have a girlfriend, all my neighbours are married with kids .I have only 1 sister to share inheritance with .I'm 46 started investing at 45 in a pension plan, 10k a year .Have a big debt on a rental property but the rent covers it.I rent in a small 1bed .Goal is to retire to South of France