Why I'm So Frugal

The reasons why it's so important to be frugal and live within your means, no matter what you earn.

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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.

[hansanaik]

I became frugal after I lost my job in 2010. Until then, I did not think about saving. I was an impulse buyer and I never bought anything on sale because I thought they were low quality items. I bought things (clothes, bags, shoes, furniture etc.) and donated them as soon as I was bored of them.
2010 really made me realize the importance of saving. I was fortunate to find a job in June 2010 and I have lived frugally since then. Being unemployed for about 6 months taught me something that is so important in life.

[jazzy-bytes]

Frugal Driving : Accelerate and Brake more gently and go a couple of notches below the speed limit. In the short term you use less fuel, and the long term save on wear and tear !

[Baiyoubai]

4:22 This is the truth to the nth degree. I was laid off as a sole breadwinner when I was in my early 40s. My mom essentially became a single mother also in her early 40s when my dad was unjustly imprisoned. These events were so traumatic that even though I now make a very good income by most standards, my family still live frugally.

[pinkypanchal]

Thank you for the beautiful video. Full of wisdom 🌷

[DavidDavisDH]

The Psychology of Money is a great book! I recommend it.

[kathrynp]

I’m trying to be really frugal because my husband will be retiring in 5 yrs, I have already retired. We do have over a million dollars saved but in this day and age I don’t think it is enough for a comfortable retirement. We would like to travel and of course leave a legacy for our daughters

[laurahair]

I never previously thought this way, but this last year I’ve started to really want to stop being so influenced and spending so much on things I can do without.

[simonwatkins]

Thanks for another interesting and thought provoking video Vicky. I do agree that you should try to reduce costs as much as possible to ensure that you are investing for the future. However, I also believe that you should allow yourself the opportunity to enjoy some of your money now and not save it all for some magical time in the future which may or may not arrive.

[OneAndOnlyMe]

I have a friend who has moved home three times to get a bigger place each time. And each time she has extended the mortgage to do up the new home, so she still has 20+ years on her mortgage after the third move. I have moved three times and each time I used all of my equity to maintain the mortgage period the same as the existing mortgage. I paid off my mortgage by age 50, while she's still paying for a mortgage.

[francescanorton]

I'm a minimalist..but I haven't fallen into the pretty basket look..to me it seemed to go against buying less and saving ££
I really have to need a plastic box to buy one...

[markritacco]

I retired early in 2019 at 59 1/2 and took money out of my smallish retirement account until I turned 62 and took (Social Security) SS., I do not have a mortgage or debt, and I live off of SS alone now. I do not buy into consumerism anymore and have no-buy months (since last Nov) whereas I pay fixed expenses and prop/school/local taxes.

[charleedell]

I believe there is an inverted u shaped relationship between money and happiness. Obviously those who haven't enough to meet basic needs and are stressed due to lack of money are unhappy, and having more increases happiness. However there is also such a thing as having too much. Look how many celebrities self destruct with harmful habits or end up taking their own life, because when you have far more than you need it starts to mean nothing, and breeds idleness and neurosis.

[JudithMcPheron-pblv]

Well said Vicky. While there's always a few things I want I've learned to savor the peace of mind having savings, emergency funds and being satisfied now I've learned to be frugal. Patience is the key for a better future me! 😊

[christinal]

Thank you for this video, you are so right ! I saw midnight on the back, hug for her and take care 🙏😻

[HealthHappyLife]

I completely agree! True wealth comes from living within your means and making smart decisions. Frugality isn’t about deprivation; it’s about ensuring long-term financial security. It’s important to appreciate what you have and not compare yourself to others on social media.

[marton]

My salary is approx 49k wife is PT on 14k.
If i spent to look rich Id be using foodbanks. Fortunatly mortgage paid off 8 years earlier.

[Intentional-frugality]

I just got a raise at work not much but it's something. I have since than taken the extra cash after Uncle Sam took theirs 🤣 and put it aside see how much I can save for the rest of the year. my goal for 2025 is not buy anything I already have until I'm down to the last one. love your content

[fenlandwildlifeclips]

I don't think most people are thinking like that now: for many simply buying food is difficult & very few have £400 spare monthly.

[azuraskye]

I'm pretty sure I'm ADHD (Audhd, getting assessed soon) and I very much struggle with any future based thinking. Everything is now. Anything else doesnt exist. I have never been good with money and just cant save a darn thing. And dont earn anything now as i had to leave my job. Investment to me is like something other people do and I wouldn't know where to start. I also feel that investing is such a capitalist thing to do, investing in companies which might be extremely questionable is something i struggle with!

[belandsteve]

You should live with in your means but many people live beyond it!