Frugal habits for 2024 to save you money

These are the 8 frugal habits I have picked up that have made a real difference to my finances without forcing me to give up on the stuff I really love.

00:39 - What is frugality
01:52 - What do you want your life to look like?
02:41 - Avoid wastefulness
04:00 - Get it cheaper or free
05:59 - Mindful spending
06:36 - Embrace minimalism
08:38 - Take emotion out of spending
09:41 - Regular stock checks
10:57 - In it for the long haul

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I’m not a licensed financial adviser. These videos are intended for educational purposes only. No official financial advice is being given. Please always check with a licensed professional before making any investments or financial decisions. Your investments are your sole responsibility, and in these videos, I merely share my own opinions with no guarantee of gain or losses.

[katiekrupa]

Being frugal is not boring it is a very smart thing ❤

[janjohnson]

I've been frugal all my life due to necessity. I make my own clothes, duvet covers have loads of fabric in them, cook from scratch, make bread, I was a single parent. I saved every month for Christmas and his birthday. I'm retired at 62, house paid for, living on my modest NHS pension. My partner is the same, repairs everything, builds stuff. We grow a lot of veg which I process and store. Being organised is the key to it all.

[booksrus]

Re: saving on electricity: I shut off everything at night now- not standby, but completely off- including the WIFI router. Not only does it save electricity, I also noticed that I sleep so much better now, without waking up 5 times at night ( I might be EMF sensitive?) The WIFI router gets shut off automatically with a timer (from Amazon, for less than 10 bucks) 1 hour before I go to bed. This also keeps me from scrolling through Social Media before bedtime, and I am back to the habit of reading an actual BOOK (!) in bed before falling asleep (usually within 10 min, lol) The quality of sleep I get now is priceless!!!

[elaineforan]

Being organised definitely helps with frugality. Know what you have and where it is helps avoid double purchases and helps with thinking of alternatives to use rather than buying new.

[noemblem]

Agree with most of it, but I wanna say, go to the library!!! Free books, movies, games & more, it's such an underrated way to save money..

[FatraBbits]

I try to grocery shop once every two weeks; also I try to get creative with what’s left in the fridge and cupboards before going to buy more. This is a surprising money saver!

[renatal]

My dad grew up during the depression on a potato farm in Idaho. He would always say be frugal, use a paper towel more than once if you are only drying your hands, use dish towels to clean because you can wash them. Save your ziplock bags, wash them and dry, buy quality products that will last rather than cheaper products that you have to replace constantly

[VitalBigras]

35th wedding anniversary. Never paid any interest. No car loans, no mortgage, never had any debt.
We both exercise self control.
Always worked part time (average of 2 to 3 days/week)
We are now 60 year old and doing just fine, no worries 😌 only gratitude.
My advice: spend less than you earn 😁

[pamelahermano]

If you get along with your family, you can all live together and share all household expenses. That’ll leave each of you with more to save. I’ve noticed certain immigrant groups really get ahead by doing this. It’s obviously not for everyone, but it’s very effective. When I graduated university, instead of setting off on my own, my parents sold their condo, and with the equity, we purchased a larger home, and since then, we’ve split all household costs down the middle leaving more money for savings/investments.

[terryjones]

I did this 25 yes ago and managed to retire at 40 all paid up. At 50 I now have a huge ISA saving account for old age (pension)

[francescanorton]

I've just unplugged my bedroom TV..it's always on standby and I never use it. 😮

[jonathanpaske]

Be frugal is being clever I retired at 65 and my wife will retire at 62 . No nose to the hamster wheel till the state pension kicks in

[elaineforan]

You can air dry clothes indoors but it may leave them feel hard depending on your water. My trick is to finish them off in the dryer for 10 min or so. I never dry clothes only in the dryer, they are normally touch dry to go in and soften up.

[frankalexander]

I making being frugal a game. The more I am frugal, the more money I get to keep and less money the merchants make from me. It is actually fun. BTW, my net worth (California) is in 8 figures and my gross income in 2023 was over $700, 000.00. I enjoying being “cheap as hell!”

[renatal]

I have a container garden in my yard, I grow potatoes, carrots, cucumbers, tomatoes, I also have chickens and sell or give away the eggs.

[traceyoconnor]

Even reading you can get free at the library and that includes ebooks and audiobooks great selection

[gpyjdjj]

I shop at store for food and necessities - at the end of your receipt it tells you how much you saved- take that savings and put it into a savings account- it really adds up!!! 😃 1:00

[kylietierney]

Hi Vicky, I am a new subscriber and watcher! I love how you break down the tips and don't pad your videos out with useless information! All of your habits are things that anyone can implement in their lives! Thank you

[lynnlaw]

I live in a small rural village in Scotland. Three other women in the village and myself are big readers. We know each other from different things we do. We all pass the books that we have read on to each other. It's fabulous as there's always something to read and birthdays and Christmas means family members usually buy us books which we then pass on to each other keeping the books choices updated. Once the 4 of us have read the books they then get passed on to other friends and relatives. Saved us all a small fortune.

[deereillymedia]

Thanks vicky, great tips. I play golf and it costs a lot of money, but its my favorite thing and i get so much from it. So i try to cut back on other things so that I can afford to play golf ⛳️.