The Ultimate Guide to frugal living (ChooseFI cohost with Frugalwoods)

012 | Living Frugal Frugalwoods | Save 75% Of Your Take Home Pay

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living frugal
Living Frugal is a Powerful FI Tool

  • Liz from Frugalwoods coaches us through the ultimate guide to frugal living
  • The benefits of minimalism and living frugal
  • Frugalwoods family saving 70%+ of their income
  • Their conscious decision in March 2014 to pursue financial independence
  • Entirely possible to pursue living frugal anywhere including large metro cities. In fact these cities may have built in advantages like transportation
  • What is the difference between someone who saves 70%+ and everyone else?
  • First ask ‘where you want to be’
  • Not a sacrifice but a reorientation of how you spend and your priorities
  • The benefits of living frugal: happiness & joy
  • How they actually moved forward in March 2014 with their newly ultra-frugal lifestyle
  • How the Frugalwoods family saves on food & groceries
  • Does it make sense to pay off your mortgage?
  • How they spend nearly $0 on entertainment
  • Bring your own food to work every day and save $20+ per day
  • No car payments & buying used cars
  • Buying nearly everything used
  • No impulse buying – wait 72 hours after you want to make a purchase
  • Embracing imperfection: why & how they cut each other’s hair
  • living frugal can simplify and streamline life
  • The Frugalwoods homestead in Vermont
  • Educating yourself when making a major purchase
  • You don’t need to spend money to be happy: frugal substitutions

    Hot Seat Questions

  • Favorite Life Hack
    • Hacking the soda stream

 

Links from the show:

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Thanks 

Jonathan & Brad

4 thoughts on “012 | Living Frugal Frugalwoods | Save 75% Of Your Take Home Pay

  1. Loved the podcast! We also saved in the 80+% savings range for a while before backing down to the mid 70s, which was more comfortable. It was great hearing about the different stages of frugality, and how the key is to realize it isn’t actually a sacrifice. Looking forward to future podcast guests.

  2. Your guest was articulate, and wise beyond her years. I’m eager to dive into her blog.

    I hesitate to say it, but despite enjoying the exchange, there was nothing new in it. In fact, everything was more than obvious. That is a reflection of the problems in our culture and not a criticism of you or your guest.

    For example, in one of the Little House on the Prairie books, the Wilders received a Sears catalogue for the first time. Everyone read through it excitedly, and they made a long order list. Laura totaled it up, was shocked at the dollar amount, and told everyone they would leave the list on the mantel for a few days. Needless to say, they never placed the order.

    If you want to live frugally, read the Little House on the Prairie books.

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