On Sale Now! Baobab Money Tree Series by Dani Mendonsa

ChooseFI Logo

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

Living a Frugal Life 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

Listen to Brad and Jonathan’s thoughts about this episode here.

Hot Seat Questions

  • Favorite Life Hack
    • Hacking the soda stream
Subscribe To The FI Weekly

Action, accountability, inspiration, and community. Join the movement. Get started on your Path to FI

More To Explore
Find The Simple Path to Financial Independence

You could cobble together your own FI plan from a whole constellation of blogs, podcasts, and YouTube videos.

Or you could let FI Pathfinder email you the content you want, in the format you prefer, to be consumed at a time of your choosing.

ChooseFI Logo

Our community helps people discover and accelerate their path to Financial Independence with the goal of earning more, spending less and enjoying the journey.