17 Frugal living tips for early retirement 2024

Frugal living tips for early retirement in 2023. Lots of people say frugal living will make you miserable but it doesn't have to be the case. In this video I give you 17 frugal living tips that will keep more money in you pocket to invest in 2023.

Frugal living is how we should all be doing it! Just make sure you do frugal living right in 2023.

00:00 Intro
00:51 The tips
09:20 Outro

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[tonyyero]

Cheap= not buying necessities
Frugal= spending wisely your hard earned money

[skoopqueen.]

I went through a lot of financial crisis after my divorce, I had to raise my two kids alone, Currently I'm living smart and frugal with my money. Bought my second house already. Saving and investing lifestyle made it possible for me; even till now I earn monthly through passive income. I'm planning on retiring when my kids finish college, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video!

[meanqueensuperscrimper]

I walk a dog for an elderly lady. She pays me in vegetables. Good swap.

[julibeswick-valentine]

Use You Tube to learn how to do repairs, maintenance and DIY. I have put a new drive belt on a tumble dryer (its 20 years old and I only use it to dry sheets and towels in our wet winters), I have tiled floors and walls, Also replaced the rubber seal on a washing machine, sharpened the chain on my chain saw and many other things. Not bad for a 67 year old woman.

[smartipants]

I’m 27 but I’ve been living like this since childhood simply because my parents just couldn’t afford everything. I carried that in onto adulthood and it’s saved me a lot of money.

[mamasaidno]

I know that I have reached the 'ninja' level of frugality, because any time I watch or read these lists, I have done 99% of them! Good video.

[Genuine-iquy]

Buy high quality items and you won’t need to replace them often. Saves $$ and is eco-friendly!

[jonredd]

Start with the big 3. Housing, transportation, and health care. Keep these 3 low and you don't have to worry about saving 10 cents on a can of tuna.

[dw]

After taking care of my elderly mother (after dad's passing), I saw the world through much wiser eyes. I used to have a large house, expensive cars, clothes that were never worn. Told my older sister that I could easily embrace mom's 'frugal' lifestyle and she cried "NO! Please don't." I am now retired (before 50). My sister is still waiting tables (in her late 50's).

[thingsiwishmamahadtoldme]

Here's another one - use your library! My library has a note at the bottom of the receipt that says in the last 11 years I've saved $27, 000 by using the library!!!

[meanqueensuperscrimper]

All good tips. Keep a spending diary. Record every penny spent in a notebook and read it every week. You will ask yourself, why did I buy that.

[Semelem]

Step 1. Don’t have kids

Congratulations you’re most likely very well off.

[IainGeddes]

Hey David, absolutely solid tips for sure! Tip 1, 3, 8, 11, 13, 14 & 17 I have nailed down - definitely need to work on the rest... making/sticking to a budget and planning meals would go a LONG way for me! Coming up with ideas for food every night is one of the worst parts of being an adult! 🤣 Planning in advance would definitely help!

1. Sell sh*t you don't need!

2. Measure buys as HOURS

3. Frugal does not mean cheap

4. YOU MUST make a budget

5. Plan your meals

6. Be flexible with brands when shopping

7. Don't buy at eyeline!

8. Big-ticket items!

9. Trade services

10. Enjoy free stuff

11. BIN the gym

12. Negotiate for EVERYTHING #HAGGLE

13. CASHBACK SITES!

14. Drink more water

15. The 3-week rule

16. Join frugal-minded communities

17. Free education

I have noted the above, I can easily delete it if it looks a bit much in the comments section! 😛 Thanks 🙌

[childofdestiny]

My personal favorite grocery trip is to go in the store backwards. Start with frozen foods. That is where they put the most quick grab and go items because they’re assuming you’re exhausted from shopping by this point. And, with a cart full of frozen food it will push you to complete your shopping before everything melts!

[LifePrepared]

One tip I never see but use all the time is learn to forage. I started by asking to pick up apples in an elders yard. We struck up a great friendship. Get some good foraging books from the library and see what your area has to offer. You get to spend some time outdoors and finding free, delicious, nutrient dense food is a great bonus.

[adelehare]

Starting to be more conscious of my spending I realized there are a lot of things most people might consider “necessities” that I don’t particularly need or want. People think I’m crazy for not having a TV or a bed frame or a microwave, but I’ve never found myself wanting them and my quality of life is just fine. I think it’s good to question your assumptions about what you “need” to spend money on and instead focus on what brings value to your life.

[brozbro]

live below your means, you'll always have more money than you need,

[jolenethiessen]

An exception to the gym rule: if your gym membership comes with other stuff. We live on the Canadian Prairies and it's a mind-numbing winter 6 months a year, and we have a large family. A family membership at our local YMCA is technically a "gym membership", but (pre-Covid, anyway), it was also a huge source of activities. Our membership includes swimming lessons (more than pays for itself right there), public swimming, hot tub and sauna, access to the gymnasium, access to an indoor play structure/area, a plethora of classes for both adults and kids (including preschool, kids fitness, adult fitness, sports camps, leadership classes, art classes, etc) and family activities. It's a tremendous value for our money especially in the winter when it's too rotten out. And we NEVER set foot in the work out center lol!!

[michellelockett]

Great tips, one additional one that can really slash your costs, buy secondhand first! Better for the environment too

[alexamccray]

Great tips, thanks for sharing! I love the focus on spending money intentionally and saving money while not being miserable.