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
Links from the show:
- Frugalwoods
- Uber Frugal Month Challenge – sign up today
- How We Save 65% Annually by the Frugalwoods
- Craigslist
- 1500 Days
- Cait Flanders
- The Joy that Comes When Less is Enough by the Frugalwoods
- The Frugalwoods Sodastream Hack
- Frugalwoods on Twitter
- Frugalwoods on Facebook
- Frugalwoods on Instagram
- Choose FI Travel Rewards Podcast
