10 Frugal Living Habits That Made My Life Easy

Here are 10 frugal living habits that have made my life easier.

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Chapters:

00:00 Start Here
00:16 Exposing Myself To Different Ways Of Living
01:34 Increasing My Quality of Life Intentionally
02:32 Knowing When To Stop Increasing My Quality of Life
03:27 Having Periods Of Aggressively Saving
04:21 Having A General Understanding Of Things Before Seeking Help
05:40 Being Adaptable
06:33 Avoiding Debt
07:22 Owning My Car
08:33 Creating My Own Definition Of Success
09:44 Living With Gratitude

Life is difficult, but if you develop certain habits, life can become slightly easier. In this video, I share 10 frugal living habits that have made my life easier.

1. Exposing Myself To Different Ways Of Living

It is important to leave your bubble and see how other people live their lives. When you expose yourself to people of different walks of life it often makes you better and more resourceful with money.

2. Increasing My Quality of Life Intentionally

Once you choose it upgrade your life and get something nicer it is very hard to go back. It is important to be in the habit of being intentional of increasing your quality of life because if you don't then you could trap yourself in an expensive lifestyle.

3. Knowing When To Stop Increasing My Quality of Life

Spending more money can increase your quality of life, but there comes a point where the changes stop being so drastic. It's important to be in the habit of knowing when nicer things stop improving your quality of life and avoid getting in a tough financial situation.

4. Having Periods Of Aggressively Saving

In certain periods of my life I have saved at an aggressive pace to speed up the process and reach my goals quicker. I find that when you take moments to save faster, you have more time to do what you want in life.

5. Having A General Understanding Of Things Before Seeking Help

In our world, many people are trying to take advantage of you and get your money. One thing that has been beneficial in my life is before hiring someone to do something for me, do some research beforehand so that I do not get ripped off.

6. Being Adaptable

In this uncertain world, you have to learn to adapt with it or you will put yourself in a tough financial situation. If you get in the habit of adapting to whatever life throws at you, you can come out of uncertain times less harmed.

7. Avoiding Debt

Debt is very normalized in our society, which makes most people slaves to their debt. If you get in the habit of only spending what you have and avoiding debt, you can avoid putting yourself in a tough financial situation.

8. Owning My Car

Many people spend their entire adult lives with car payments. Constantly getting a new car once their old one is paid off. If you get in the habit of reaching ownership and avoiding car payments, it one less big bill you'll have in life.

9. Creating My Own Definition Of Success

We often follow this default image of success consisting of a fancy job title, money, and abundance; however, this often pushes people in a tough financial situation. If you get in the habit of developing your own definition of success, you will avoid the consequences that come from chasing the superficial definition of success.

10. Living With Gratitude

Many people in this world feel entitled to a high quality of life and take everything they have for granted. It is important to live with gratitude in life and when you do, you end up being more content with what you have. And when you are more content with what you have, life naturally becomes easier.

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[jamesr]

People bash me for not having a TV, not drinking alcohol and for going to bed at 9pm. If you don't have haters, you're not doing anything right in life.

[chriswalter]

I learnt to manage my money through investments and it really works for me. They say money can't buy happiness but poverty can't buy anything.!

[kellyswanson]

I live on $2200 a month. I don't drink or smoke. My car is a used car that I bought almost 3 years ago for $600. My rent is $635 a month for a nice 1 bedroom apartment. I have only basic expenses, food, gas, electric, phone and insurance. I save as much as I can each month. I'm doing fine on my low income. Keep helping people Austin.

[allymonte]

I live a frugal life and consider myself wealthy. I have my health, great family and friends. I live in the country with beautiful wildlife. My husband and I share one vehicle, one cell phone. I cook wonderful homemade meals. Take walks with my dog everyday. Gardening and thrifting are a blast! You don't need expensive things! Have fun! Enjoy a cup of coffee, a few laughs and appreciate small stuff! ❤

[darrylreinsel]

We live Ina double wide mobile home in a small town of 500 people. Before I retired I paid off all bills. Our taxes on the house are less than $300 per year. We now live on social security around $2000 per month. Get out of the big city. I hike 4days per week. Mountains are 15 minutes away. Living the dream. 😊

[ClemenceRoskelley]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[michelehaunschild]

We are a family of 3 on $2600 a month. With a budget its very easy to live on that little. It can get tight around Christmas but bills are paid roof is over our head and food in the bellies. What else could you possibly need. I find the more stuff we have the less we spend time with our family. I would rather have the tight family bond over the stuff.

[Fillemexicaine]

I live alone in a 3 bedroom house with a big backyard. I only use one bedroom and the kitchen (I eat standing up, rarely sit to eat at the dining table). It is too much house for me but the mortgage is almost the same as renting a decent apartment. I could rent a room (not out of need but just to have company) but company will be at the expense of my privacy and that is too expensive.

[alexanevin]

I believe it is time to redefine success in society...

[JamieTownson]

I didn't become financially independent till I was in my mid 40s after having a major financial setback during the covid, Thank God i'm now on my feet . In addition to buying my second house, I'm also making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future!

[comfortzone]

Creating you own definition of success if such an important one. You have to be contented and trust you own path. Never compare yourself to other people.

[AlejandroRamos-kncd]

This guy is really great in breaking the cycle of keeping up with the latest jones

[Mary-stvt]

I was going to call someone to fix my ice maker. I didn’t want to be taken for a $$$ ride so I looked up what the problem could be and how to fix it. The site gave a most likely cause of the problem and a difficulty level rating to make that fix. $94 and a half hour of my time is all it took to have the ice dispenser working again.

[MagicLights]

A year and a half ago, my salary went from $45, 000 a year to over $100, 000; just from switching jobs. I still live in the same house because the mortgage is super comfortable and drive the same car because it's paid off. For the first time in my life, I'm not living from paycheck to paycheck, and I am extremely aware of how lucky I am. Now I have an emergency fund, retirement accounts (two of them) and go on better vacations. MUCH better vacations than peers who have bought bigger homes, wear designer clothes, and drive luxury cars, who say that they can't afford to travel like that. Think of how much that $1, 000 a month car payment would affect your life if you could save it, Toto.

[brianwyde]

One of my goals was to have my vehicle for twice as long as my car payment – so five years of car payment – five years no car payment – that car actually lasted 14 years and made all the difference in reaching my saving goals.

[PS-icbp]

I love these young wise people. I wish i had you tube when i was your age.

[legiontheatregroup]

Amen brother! I’ve never had a car payment and most of the cars I’ve purchased cost less than $5, 000. In fact each of the cars I drive today cost me less than $2, 500. They are very reliable and people are surprised when I tell them they are nearly twenty years old. “They look brand new” is the comment I usually get. My secret is that, amortized over time (there will be expensive repair years and inexpensive repair years), maintaining the cars I own has been cheaper than making new car payments. Each vehicle has around 150, 000 miles on the odometer and I would not hesitate to drive either car anywhere. Love your videos. I’ve been with you since your subscribership was very small. Glad you are doing so well.

[Revert]

Studies show that gratitude actually boosts serotonin and dopamine production. Basically, grateful people live on a natural high. Sounds good to me.

[happygardener]

0:59 The cost of living varies Greatly region to region. Myself, I live very comfortably on $1, 600 a month but expenses in my area aren't as bad as living in downtown London, Toronto, Manhattan or Miami. I'd say that the person who find $3, 200 a month exceptionally low may either be trapped in an area of high COL or they might be wasteful with their money; They need to make that determination themselves. Then decide what they can do.

[jayocean]

I live on 2500 a month and some live on less it just depends on how good you are with your finances. People that earn more usually spend more because they take their income for granted.