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| Name | 8 Frugal Habits For Life (2023) |
| Video Uploader | Video From Austin Williams |
| Upload Date | This Video Uploaded At 17-02-2023 14:00:08 |
| Video Discription | My frugal habits! If you would like to support my channel!: https://www.buymeacoffee.com/williamsauQ Mint Mobile (save on your cell phone): https://mint-mobile.58dp.net/rn6rJQ Here's what I'm reading: Atomic Habits: https://amzn.to/3Y2gAAV The Psychology Of Money: https://amzn.to/3kzmRp0 Weapons of Math Destruction: https://amzn.to/3VWHjx1 Frugality is not that phase of life I am in right now. It is a lifestyle that I will carry on for as long as I am alive. There are many habits that I have and in this video I share eight of them. 1. Not Falling For The Hype Most things in this world are just hype. They are things that are built up by the media and other forces that subconsciously sculpt our opinion of a product. Many products that are hyped up often come at a high price tag that require people to spend more money; however, the hype does not mean that it is a better product or service. As a frugal person, I form my own opinion about things and do not get caught up in all the hype. 2. Treat Treats As Treats Many people spend their money in ways where they are constantly indulging. Many people have a financial diet that mainly consists of treats. When someone constantly treats themselves, (1) they lose appreciation and (2) they create an unsustainable financial situation. As a frugal person, I create a financial diet that doesn't consist of only treats, but only treat myself every now and then. 3. Understand What You Have You might live an extremely luxurious life without realizing it. We often take for granted the luxuries in life we have like clean water or strong shower pressure. Instead, we focus on a high amount of material wealth as a luxurious life. As a frugal person, I made sure I understand the luxuries I have and when I do that, I do not have as much of a desire to seek the superficial definition of luxury of having a bunch of material wealth. 4. Cut Waste, Not Spending Being frugal is not about being cheap and not spending money, but it is about cutting the waste out of your life. Many people waste hundreds of dollars a month on things like expensive groceries, amazon shopping, or eating out, and these things do not provide much in return. As a frugal person, I make sure that every dollar I spend is bringing value to my life and not just being wasted. 5. Wake Up One Hour Before Leaving The House Many people do not feel as if they have enough time to do things like make breakfast or enjoy their morning cup of coffee. Instead, many people rush out of the house and go the convenient route of going through a drive thru to pick up something quickly. This is not only expensive, but it also makes you stressed out. As a frugal person, I make sure that I have enough time in the morning to complete my daily tasks so I can not only save money, but I start the day off right. 6. Don’t Deprive Yourself The key to making something last long term is by creating a healthy relationship with it. Many people approach something like frugality from an extreme standpoint that they quickly give up and go back to having an unhealthy relationship with their finances. As a frugal person, I make sure that I never feel as if I am depriving myself and treat myself every now and then. 7. Always Consider Your Future Self The thing about personal finance is that it is personal. You are the one that is going to have to deal with the consequences of your financial actions. Many people make financial decisions that end up screwing over their future self. As a frugal person, I always make sure that my financial decisions will not hurt me in the present or in the future. 8. Valuing Time Over Stuff Most people do not have an abundance of money and resources to have everything they want in life. The majority of people need to make compromises and when you really boil it down you can either use your money on stuff or time. As a frugal person, I choose to spend less money so that I can have more control over my time. ** Links above are affiliate links where if you click and order, I will receive a commission at no cost to you. ** |
| Category | Howto & Style |
| Tags | Frugal Living | Frugality | Minimalism | Budgeting | Money | Personal Finance |
