How I’m able to save 50% of my income as a MINIMALIST

In this video, I share how I am able to use minimalism as a tool to cut my outgoings and instil mindful money habits, so I am able to save 50% of my income every month.

Please do share any of your mindful money tips below xx

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CHAPTERS
0:00 - Intro
1.36 - Nature walk
2.31 - Intentional mindset
6:31 - Build income
9:23 - Vegan lunch
9:51 - Budget like a minimalist

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[JimSteve-qjco]

Nice video ! I'm a father of two who bought a house last year. For me, it was a major turning point! In addition to feeling the effects of the economic downturn, I'm lucky enough to enjoy a respectable monthly income from wise investments that I've made. I have therefore meticulously prepared for my retirement following my children's graduation from college.

[janinafisher]

You mentioned a lot of my money-saving tips. One thing that is really useful to mention is something most people don't think of. If you ask most people what their biggest expense is, they usually say housing. But it actually probably is taxes! Most places now charge VAT or GST on goods and services, so every time you stop yourself from buying something new, you also save the extra cost of taxes. Where I live there is no tax charged on purchases from charity shops, and I often buy things from garage/boot/yard sales (whatever they call it where you live), and sometimes pick items up from the side of the road that have "FREE" signs on them. Some people I know pick these things up and resell them, or fix them up or rework them, and then sell them. The same for services. Since the lockdowns I now cut my own hair - so I don't pay for haircuts or the tax on that service. And I also cut a friend's hair until she figured out how to do it herself by watching a YouTube video. If you add up the tax you save by saying no to all those purchases, it can really add up! And you can organize clothing and "stuff" swaps, too, with friends. Some places now have "Reuse" centres at the local tip/dump where you can leave items you no longer need, and pick up anything you want for free. This is how I get most of my books, as a big reader. When I read them I return them, so I only need some temporary holding space for the ones I have picked up and haven't yet read. Thanks for sharing your tips!

[Alaskaventureswithbrodie]

These are sometimes hard videos to watch cause it makes you realize what you need to do but have a hard time doing it. Especially when you write Down your spending. Wow that is a reality check. Thank you

[walkstheshire]

This video was far more helpful than I thought it would be! Your number one question "Is this purchase worth sacrificing my big goal?" is something I will implement from now on, thank you so much for that! And ooooh Bridgerton, I cried my eyes out after finishing "Queen Charlotte" 😭😭😭

[nikkifangaiuiha]

Yes living frugally an saving money is important but with bills an kids is hard but we all do the best we can, thanks for this helpful vlog 😊❤❤❤❤❤

[pandrew]

I agree Molly, i love being sensible and sustainable in my choices. Helps our world as well as ourselves. Blessings Philippa New Zealand

[ruebennomura]

Wow you save 50 of your income that awesome I am proud of you

[ianross]

Wow...loved your tip about putting all your income into your savings account first!!! That's a very astute move Molly and love the psychology behind it as I suppose one is more rather reluctant to keep taking out of a Savings Account than a Current Account. 👍

[keithbessant]

Lovely video. As I live in a town I've been able to manage without a car and make all my local journeys by bicycle. About four years ago I had solid tyres, made by Tannus, fitted to it. That has saved me a lot of money on new tyres, inner tubes and time lost and stress caused by punctures. The ride is just a bit slower and bumpier but the reliability makes up for it.

[natashaelliot]

The library is my biggest money saving tip - not only borrowing physical books but utilising their ebooks and audiobooks through Libby. It’s saved me thousands!

[heidimeigs]

There are so many things that can be cut back on or not purchased at all. Everyone is not going to be able to do as you’ve done, but even simple changes can make a big difference. Eating out/fast food is a common expense that can be eliminated without much pain. If you’re not tracking your purchases you will be amazed at how much you’re spending. Cooking at home is always less expensive. Many people are clothing snobs. There are perfectly lovely clothes out there that are affordable. A cute outfit can be put together for under $100……you don’t have to spend that much on one item. Shopping at consignment shops or 2nd hand shops can yield great finds, depending on where you live. Children don’t have to have everything they want. I know that’s practically blasphemous to some parents 😆….but it’s true.

[nomadicvibesofelle]

Love this! I am so close to being at 50%

[TheEmpressgoth]

Thanks for sharing good suggestions for this day and age. I Look for discounts no matter where I shop

[marymartinez]

I ABSOLUTELY LOVE THE BEAUTIFUL PRECIOUS DOG !!!

[OrianaAnjou]

paying my car insurance yearly vs monthly is my biggest tip in money savings. the amount they charge when you pay monthly is nearly double. (at least here in California)

[autobotdiva]

good info. i got my student loans forgiven and i put the payment amount now in my retirement account!

[hattyflame]

Thank you for your wonderfully inspiring videos🙏💛🌻🌱💞

[kathrynb]

Brilliant and Beautiful vid as always 🐕 thank you. So helpful and yes please to a Minimalist Money planner 🌟

[taratarentino]

Im so glad i stumbled upon your page 🤗

[greenthrivers]

Thanks as usual for being so "normal" and make me feel less weird when I try to cut on futility and no sense expenses. We have a 3 years old girl and besides the obvious costs of education and health we are teaching her how to be conscious on what we consume, what we use and how we care for things and I can see it makes her look at life differently. Even when simply talking about toys. We do let her have what she asks for but we always discuss it first snd most of the time she's the one saying "I don't actually need it". I will never be strict on things she drsire, i want her to be happy but I'm grateful to see that the seeds we are planting are actually taking hold. It means there is hope for everyone. You are a shining light Molly, thanks for reminding us we are not alone in this endeavour for change ❤