12 Frugal Living Habits To Adopt In 2024

2024 has arrived. Here are so frugal habits to adopt this new year!!

Chapters

00:00 Start Here
00:55 Defining Frugality For Your Own Lifestyle
01:56 Prioritizing Your Values
02:46 Practicing Contentment
03:37 Defining Enough
04:45 Being Self Sufficient
05:39 Embracing DIY
06:03 Investing In Index Funds
06:58 Having A Long Term Mindset
07:48 Being Consistent
09:16 Having Self Control
10:18 Living With Balance
11:23 Doing What You Want To Do Because Frugality Allows You

If becoming more frugal is one of your goals in 2024, it is good to be aware and develop habits that make frugal living easier. In this video, I share 12 frugal living habits to consider adopting in 2024.

1. Defining Frugality For Your Own Lifestyle

One common misconception about living a frugal life is that it is one thing and all frugal people live the same way; however, that is false. Frugality looks different for different people based on their life. It is important to define what frugality means in your own life.

2. Prioritizing Your Values

Frugality isn't about going without things, but rather prioritizing your values and using more money on those things. It is important to know what your values are and stop using money on things that don't bring you value.

3. Practicing Contentment

Many people choose to buy nice things and spend a lot of money simply because they lack contentment in their life. It is important to be in the habit of practicing contentment and being grateful for what you have.

4. Defining Enough

Frugality isn't about not having a good quality of live, but rather about deciding when you have enough in life. How much money and possessions do you need until you have enough? It is important to define enough in your life.

5. Being Self Sufficient

We live in a world where people are outsourcing every aspect of their life instead of doing it themselves. It is important to be in the habit of doing things on your own.

6. Embracing DIY

Nowadays it is so easy to learn how to do something on your own just by a quick search on the internet. Frugal people are in the habit of doing things themselves rather than paying for someone to do it.

7. Investing In Index Funds

Investing is a great way to build your wealth over time. Frugal people are in the habit of investing in index funds to grow their wealth.

8. Having A Long Term Mindset

Many people are in a bad financial situation because they are always thinking short term. Nothing can be accomplished financially unless you think long term. Frugal people are in the habit of thinking long term to reach their goals.

9. Being Consistent

The key to achieving something in life is by being consistent over a long period of time. Frugal people are consistent in their habits and choices to achieve their goals.

10. Having Self Control

The biggest person that will harm you financially is you and if you are unable to control you, it doesn't matter of external forces. Frugal people are in the habit of controlling themselves so they can make better decisions.

11. Living With Balance

Frugality is not about under spending nor over spending. Frugal people are in the habit of finding a balance between the two extremes so their lifestyle is sustainable.

12. Doing What You Want To Do Because Frugality Allows You

When you make decisions to spend less and save more, you start to have more options in life. Frugal people embrace those options and do more of want they want in life.

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[danicegewiss]

My husband makes more than I do, but he pays the price for his income...he has a 2 hr ride to work and home. Therefore he's tired all of the time when he's home. I put money aside so he can retire early. We have no debt, so I can put more money aside. At our age, we have more than enough. Christmas is about toys for the pets. Last night we filled the Kong with peanut butter and gave it to our dog. Happy New Year!

[giofyopersonalfinance]

Balance is the ultimate habit to have, always being concious and aware is critical!

[leighthrives]

Amen. This was my Papa when he was alive. He was a wise frugal man who lived a full and happy life.

[rsundlov]

Best thing a human being can do is to share knowledge to another human being. Thank you so very much Austin🙏🏽, greetings from ❄️😬❄️ Sweden

[workinprogresssince]

I think that defining your 'enough' point is critical. I discovered that I need very little to be quite content. I don't need new, different, or upgraded. I am happy with what I have, and only replace when I have no choice, and even then it's reluctant because I like to keep the things I have because I like their familiarity and dependability. A good post for a new year and for those who want a new financial start.

[richardtidd]

I recently changed the drive belt on our electric dryer. A straight -forward job with simple hand tools. Replacement belt cost on Ebay was under 10 bucks. An appliance repair service would have charged at least $ 150. Thanks for another great video and all your excellent advice.

[thewanderingstarseed]

Gratitude and contentment are my New Year’s resolutions this year

[axelaazej]

My goal this year is to spend less than I did last year. I’m trying this thing called No Spend Month. If I succeed then I’ll continue it on the following month and so on.

I am glad I discovered your videos here on YouTube. You explain things so simple. Thank you so much! I hope you have a prosperous year!

[aliciaamond]

I find that some frugal people really do become cheap, with food. They will buy horrible meats and bouillon cubes etc that contain all kinds of harsh additives and chemicals (like MSG etc). Sometimes it pays to buy the better items. And you can still do it frugally. Look for sales and learn to use coupons. The best way is when you have a coupon and use it during a sale. I done this multiple times. Also, shopping the clearance rack for those breads that you love, you will save 1/2 the money. Just look all around and make sure it's good. And freeze right away when you get home.

[daviddean]

Hi Austin! This will be the first video I watch in 2024! I hope all things good for you!

[RockyMoth]

2024 here we come! 🎉
Congratulations Augustine on your move back to GA.
Please do keep us posted as we look forward to your next video.

[kerstinshadow]

Loved your statement about finding the balance. I always buy pizzas from an Italian restaurant on the last day of school vacation. Now I will enjoy it even more.

[noreenn]

Happy New Year Augustin! So close to 75K subscribers 🎉

[carilyncipolla]

I've been binge watching your videos for a month and my credit card bill is down and savings is up. 😂. So glad to find your channel!!!

[marias]

Oh whoa ur moving? Looking forward to ur vids in ur new (old) home 🎉

[paulspanish-heki]

We'll miss you here in Colorado. Best wishes on your next journey! We'll enjoy your videos from Georgia as well!

[eddiestilll]

amazing way to kick off 2024 😀🎉 frugal living will become even more important!!

[Amy]

Happy new year! Love your channel. This year for Christmas I only bought a few gifts for my husband, sons and their girlfriends. Usually I overspend and then January’s credit card bill comes.. but not this year, a few special gifts for each of them and no debt from it.

[mae]

Happy New Year Augustine. Delighted to see your subs are growing higher and higher. Good things can happen to good people who keep things real 😊🙌

[Lotusblume.]

I was just visiting my family in Germany and noticed how they don’t need so many things because they keep and maintain their things for decades so there is little frivolous spending and more money for nice experiences. They also don’t buy things they don’t have the money for. I live like that here too and am super content with all that I have even if it’s not the latest, greatest thing. Happy 2024! 🎊🥂