I am way better off financially than I was when I was married - and I live on less than one-fifth of the income!! My ex-husband believed in giving everything we earned away to strangers, was a terrible money manager, preached that "debt is good", and we were living on credit cards. I got out of that mess and am able to save and invest 1/3 of my income by living very frugally. I won't be able to retire in luxury and I will always have to be frugal, but I have ZERO debt and am 100% content.
Well, a lot of us are in the same boat, Frugal doesn't mean being cheap, just being careful how we spend our funds. I will be retiring soon, I'm a widow and as you know will receive less with Social Security but it can be done. Way to go👍!
I am nearly 76, live own my own since last 10 years. My pension is my only income. Living frugally and sensibly means I could fulfil my dream of visiting all seven continents. I have done that. It is not that difficult once you sit down and check your bank statements to see where’s your money is going, so you can make changes.
Thank you for creating this video. As a single childless woman, people think that I can financially do whatever I want. They don't realize that I have to be very strategic with my spending.
This is such good information. No one is coming to save us single ladies, so we have to save ourselves with good planning. It took me a long time to accept this and start being responsible, but I'm here. Channels like this provides great information on staying accountable and responsible.
You are great! As a divorcee and even helping with a grandson, I must respectfully disagree with you. Many men are spendthrifts at times and usually do not cook from scratch nor eat leftovers. Life so much easier. No debt, house paid off, and my frugal journey helped more than a soendy husband.
I made the decision to go back to school in my mid 40s. I am now paying student loans. I have three things that help me stay on track financially. 1. Transfer $ to my savings the day my payroll check hits my acct. 2. Pay my student loans and utility bills the same day I get paid. I don’t wait for the due date. Additionally, I have reduced my budget in other areas to be able to pay extra on the loans because I don’t want to be in debt for 10 years or forever. 3. I take my budgeted fun money out in cash the day I get paid after paying all the bills, and use my debit card as little as possible. When I started using cash to pay for things, I significantly stopped spending as much. I started prioritizing with the fun money because it’s easier to see when it’s in your wallet. When I use my debit card, my money is out of sight out of mind. That alone has made a world of difference. Great video!
Single senior here. I am mortgage and debt free. I did have to make some sacrifices- moved to a lower cost State. I am constantly looking for ways to save and reduce my costs. I only work part time now, which works out well. I use my extra time to batch cook. I portion out my meals and freeze left overs for additional meals. I live in a rural area, so the good thing is that there are few places to eat out or spend money.
Thanks so much! I asked my husband what he thought and he said I looked nice and it was a nice shirt but he didn't care for the color. So I told him I would wear it for my community and see what they thought! I just reported back that it was a hit! 😀
I'm a single woman and live only. On social security. I'm eating only twice a day to cut back on food. Because everything has gone up. Prices have gone more than my yearly SS. Even though I have A/C i gave to keep temp at 79° and I can rarely clean the house because I'm hit. In the winter (Md) i been keeping temp at 65°. I'm cold. On my bed, I gave the top sheet and two comforters to keep warm as I sleep. I'm not going out to eat, nor doing entertainment things because things are too high. These are not the golden years of my life, I call them the rusty years,
Kind of in the same boat. But for me going keto carnivore has helped in three ways. 1)My main staple is 100% Grass Fed New Zealand Lamb, Wild Argentinian Shrimp (frozen), and chicken (organic and regular), and 100% Grass Fed Grass Finished Organic Ground Beef , Pasture Raised Eggs, Irish Butter - all from Sam's Club. These are filling and it's what I don't buy (pasta, rice, corn, breads, beans, most fruits, desserts) that save me money. 2) I don't feel tempted to eat out because I don't eat carbs. 3) Cutting out sugar and carbs stopped joint pain, caused skin tags to disappear. When I get hungry, I have eaten half a stick of butter, and my cholesterol is normal (those doctors were wrong). For greens, I'm lazy so I eat organic frozen broccoli, organic asparagus, organic Persian cucumber, but my cheap green staple is Japanese wakame seaweed as a salad or condiment and since it comes dried, no fear of spoilage and light weight storage, it's high in minerals including iodine. I also eat sardines, oysters, avocados, shredded Parmesan cheese, and Organic A2 Yoghurt with frozen organic blueberries (my one cheat fruit). I manage all this on about $300/month. I buy good whole bean coffee and have it with heavy cream which has less sugar than half&half or milk. It's a high fat high protein diet which works when you're eating only twice a day. In winter, I do sleep with an electric throw. My bed is twin size. I get my haircut by the students at Paul Mitchell's beauty school for $10. I use Lifeline phone and TextNow wifi phones so no phone bill. Internet is $26/month. I'm on Section 8 housing and Medicaid. I have low income Amazon Prime, lol. I will probably have to go to work again soon, part time, probably join AARP SCSEP program for those over 55. My big expenses are car maintenance and dental. If I have any money to put aside, I would probably buy precious metal bullion. I have no debt but I need to apply for a credit card in order to build credit history and for car rentals.
@DVB1848 I eat a cheese stick stick and 1/4 cup blueberries for breakfast and around 5:30 will eat 1 thigh and string beans or broccoli. Rarely eat bread or sweets. I get $7.00 Over qualification for assistance. Therefore do the best I can at almost 80. Have back issues and can't afford secondary insurance. It's just not easy for seniors.
@@DVB1848 try it on your own, wondering where your next meal might be coming from and if the cheapest product on the market you bought last week has not jumped up in price. That anxiety of stretching the budget dollar with no room to make mistakes is not fun, it is not called Food Insecurity just because it's a cute name.
Thank you soo much for making this video and seeing and hearing us single ladies! So many financial gurus give tips assuming dual income families. Single lady single income is a whole different game and many of my friends stay in bad relationships to avoid the financial issues we face as singles Thank you for seeing and hearing us!
As a widow and a retiree, my long term care insurance, health care insurance, property taxes, and high federal income bracket are suffocating . I am debt free, but these expenses are difficult. I tell my children to get a Roth IRA, not an IRA. In my 80’s, the traditional IRA was my only choice. The RMD is taxed exorbitantly.
I'm in a situation where 2 of my adult children live with me because housing in Arizona is ridiculous. You want a one bedroom apt, no pet, $2500 per month. REALLY? They can't afford to move out. I don't blame them but am angry that they don't have possibilities that I used to have. I mean we had to work hard but we saw/had possibilities that are no longer there.
It’s hard because there are not as many opportunities but it’s frustrating. Each season brings new challenges, we just have to work with them. Others before us had wars and depression. I’m good lol
Well, while they are living there, make sure they are paying their share of all the expenses. A free ride is not good for anybody. The living situation should be beneficial to all of you.
I fig if I can’t save much for retirement, then to just do my best to set myself up for low cost living on every front. Single is the story of my life so I reckon I’ll handle whatever I have to handle…just like I always have.
I’am very lucky my youngest daughter pays my mortgage otherwise I would not be able to survive , I pay for the other expenses for my unit and Iam slowly renovating , Iam 73 and do a cleaning job for extra money
Lovely video, Sarah! And I love the bright green on you. The three best books I've read that, as a widow, I think all single women should read: Total Money Makeover by Dave Ramsey, all the "the Savings Game" columns by Humberto Cruz (the investment fella, not the artist), and Invested by the Towns.
I can only retire age 56 live off disability rent government rental 12 month fully funded emergency fund as a frugual money saving thrifty single woman I like challenging myself in ways to save money it's fun then I can spend on necessary things
I think that not buying those pink razors is a good start. Anthing that we can choose to do the job that isnt marketed toward women is a step in the right direction.
High Yield Savings Accounts.. I don't know about other banks but ours starts at $25,000 minimum sounds catchy till you try to figure out how to come up with $25,000.00 to start it. Anyone else out there seeing the same thing? And its only 5% interest. Anna In Ohio
Thank you so much for this video. It was very encouraging. As a single midlife woman teacher I will have a pension but worry that it won't be enough as prices of everything are out of control. My question is how do you find a trustworthy financial advisor? I don't even know how to start.
There are a few ways to do this. Ask around - ask at school. I'm sure there asre other teachers that would recommend someone to you. And if youre a fan of Dave Ramsey, he has a list on his site called Sart Investors Pro that align with his money values.
Hi. I made 2 attempts to get your free budget planner. It said “ congratulations! Check your email” but it hasn’t arrived yet. Do you have any thoughts?
I am way better off financially than I was when I was married - and I live on less than one-fifth of the income!! My ex-husband believed in giving everything we earned away to strangers, was a terrible money manager, preached that "debt is good", and we were living on credit cards. I got out of that mess and am able to save and invest 1/3 of my income by living very frugally. I won't be able to retire in luxury and I will always have to be frugal, but I have ZERO debt and am 100% content.
I am so very proud of you! Amazing job!!
Me too!
Me too!!!
Well, a lot of us are in the same boat, Frugal doesn't mean being cheap, just being careful how we spend our funds. I will be retiring soon, I'm a widow and as you know will receive less with Social Security but it can be done. Way to go👍!
I hear you! I am in the same boat as you! So much better off financially since my divorce!
I am nearly 76, live own my own since last 10 years. My pension is my only income. Living frugally and sensibly means I could fulfil my dream of visiting all seven continents. I have done that. It is not that difficult once you sit down and check your bank statements to see where’s your money is going, so you can make changes.
YES! You are a ROCKSTAR! Great job!
Thank you for creating this video. As a single childless woman, people think that I can financially do whatever I want. They don't realize that I have to be very strategic with my spending.
Agree!
I've had conversations with friends who are single. And then I listened. Thanks so much for watching!
Exactly! I do the same here in Italy where I live.
This is such good information. No one is coming to save us single ladies, so we have to save ourselves with good planning. It took me a long time to accept this and start being responsible, but I'm here. Channels like this provides great information on staying accountable and responsible.
Same❤
Agree! It is a super power ladies. We got this
Oh, I just love this! You can do it!
I’m 65, single, no kids and newly retired (7 months) and I find your channel very refreshing!
You are great! As a divorcee and even helping with a grandson, I must respectfully disagree with you. Many men are spendthrifts at times and usually do not cook from scratch nor eat leftovers. Life so much easier. No debt, house paid off, and my frugal journey helped more than a soendy husband.
I made the decision to go back to school in my mid 40s. I am now paying student loans. I have three things that help me stay on track financially.
1. Transfer $ to my savings the day my payroll check hits my acct.
2. Pay my student loans and utility bills the same day I get paid. I don’t wait for the due date. Additionally, I have reduced my budget in other areas to be able to pay extra on the loans because I don’t want to be in debt for 10 years or forever.
3. I take my budgeted fun money out in cash the day I get paid after paying all the bills, and use my debit card as little as possible. When I started using cash to pay for things, I significantly stopped spending as much. I started prioritizing with the fun money because it’s easier to see when it’s in your wallet. When I use my debit card, my money is out of sight out of mind. That alone has made a world of difference.
Great video!
Single senior here. I am mortgage and debt free. I did have to make some sacrifices- moved to a lower cost State.
I am constantly looking for ways to save and reduce my costs. I only work part time now, which works out well.
I use my extra time to batch cook. I portion out my meals and freeze left overs for additional meals. I live in a rural area, so the good thing is that there are few places to eat out or spend money.
One good thing about living in the middle of nowhere is no DoorDash or Ubereats or even pizza delivery here! Great advice and thank you! ❤
So true! We do get local pizza delivery and thats it!
Green is your color Sarah💚👍
Thanks so much! I asked my husband what he thought and he said I looked nice and it was a nice shirt but he didn't care for the color. So I told him I would wear it for my community and see what they thought! I just reported back that it was a hit! 😀
I'm a single woman and live only. On social security. I'm eating only twice a day to cut back on food. Because everything has gone up. Prices have gone more than my yearly SS. Even though I have A/C i gave to keep temp at 79° and I can rarely clean the house because I'm hit. In the winter (Md) i been keeping temp at 65°. I'm cold. On my bed, I gave the top sheet and two comforters to keep warm as I sleep. I'm not going out to eat, nor doing entertainment things because things are too high. These are not the golden years of my life, I call them the rusty years,
Eating only twice a day? That’s not really a matter of hardship, is it? Eating less food and often is good for our health.
Kind of in the same boat. But for me going keto carnivore has helped in three ways. 1)My main staple is 100% Grass Fed New Zealand Lamb, Wild Argentinian Shrimp (frozen), and chicken (organic and regular), and 100% Grass Fed Grass Finished Organic Ground Beef , Pasture Raised Eggs, Irish Butter - all from Sam's Club. These are filling and it's what I don't buy (pasta, rice, corn, breads, beans, most fruits, desserts) that save me money. 2) I don't feel tempted to eat out because I don't eat carbs. 3) Cutting out sugar and carbs stopped joint pain, caused skin tags to disappear. When I get hungry, I have eaten half a stick of butter, and my cholesterol is normal (those doctors were wrong). For greens, I'm lazy so I eat organic frozen broccoli, organic asparagus, organic Persian cucumber, but my cheap green staple is Japanese wakame seaweed as a salad or condiment and since it comes dried, no fear of spoilage and light weight storage, it's high in minerals including iodine. I also eat sardines, oysters, avocados, shredded Parmesan cheese, and Organic A2 Yoghurt with frozen organic blueberries (my one cheat fruit). I manage all this on about $300/month. I buy good whole bean coffee and have it with heavy cream which has less sugar than half&half or milk. It's a high fat high protein diet which works when you're eating only twice a day. In winter, I do sleep with an electric throw. My bed is twin size. I get my haircut by the students at Paul Mitchell's beauty school for $10. I use Lifeline phone and TextNow wifi phones so no phone bill. Internet is $26/month. I'm on Section 8 housing and Medicaid. I have low income Amazon Prime, lol. I will probably have to go to work again soon, part time, probably join AARP SCSEP program for those over 55. My big expenses are car maintenance and dental. If I have any money to put aside, I would probably buy precious metal bullion. I have no debt but I need to apply for a credit card in order to build credit history and for car rentals.
@DVB1848 I eat a cheese stick stick and 1/4 cup blueberries for breakfast and around 5:30 will eat 1 thigh and string beans or broccoli. Rarely eat bread or sweets. I get $7.00
Over qualification for assistance. Therefore do the best I can at almost 80. Have back issues and can't afford secondary insurance. It's just not easy for seniors.
@@DVB1848 try it on your own, wondering where your next meal might be coming from and if the cheapest product on the market you bought last week has not jumped up in price. That anxiety of stretching the budget dollar with no room to make mistakes is not fun, it is not called Food Insecurity just because it's a cute name.
Rusty, Absolutely Agree with you
Thank you soo much for making this video and seeing and hearing us single ladies! So many financial gurus give tips assuming dual income families. Single lady single income is a whole different game and many of my friends stay in bad relationships to avoid the financial issues we face as singles
Thank you for seeing and hearing us!
You're so welcome! I got you!
As a widow and a retiree, my long term care insurance, health care insurance, property taxes, and high federal income bracket are suffocating . I am debt free, but these expenses are difficult. I tell my children to get a Roth IRA, not an IRA. In my 80’s, the traditional IRA was my only choice. The RMD is taxed exorbitantly.
I'm in a situation where 2 of my adult children live with me because housing in Arizona is ridiculous. You want a one bedroom apt, no pet, $2500 per month. REALLY? They can't afford to move out. I don't blame them but am angry that they don't have possibilities that I used to have. I mean we had to work hard but we saw/had possibilities that are no longer there.
My husband and I have had this chat as we have two 30 something boys still living here.
It’s hard because there are not as many opportunities but it’s frustrating. Each season brings new challenges, we just have to work with them. Others before us had wars and depression. I’m good lol
Well, while they are living there, make sure they are paying their share of all the expenses. A free ride is not good for anybody. The living situation should be beneficial to all of you.
I fig if I can’t save much for retirement, then to just do my best to set myself up for low cost living on every front. Single is the story of my life so I reckon I’ll handle whatever I have to handle…just like I always have.
I like your haircut, you look great. Thank you for all the financial advice.
I’am very lucky my youngest daughter pays my mortgage otherwise I would not be able to survive , I pay for the other expenses for my unit and Iam slowly renovating , Iam 73 and do a cleaning job for extra money
Hallo Sara. I am so glad TH-cam pushed this video to my phone. I have watched keenly and I resonate with the title. Thank you, from Nairobi, Kenya 🇰🇪
Lovely video, Sarah! And I love the bright green on you.
The three best books I've read that, as a widow, I think all single women should read: Total Money Makeover by Dave Ramsey, all the "the Savings Game" columns by Humberto Cruz (the investment fella, not the artist), and Invested by the Towns.
Thanks so much! I’m going to have to look up that second book!
It's Your Money: Becoming A Woman Of Independent Means (revised E Paperback - Dec 20 2011
by Gail Vaz-Oxlade (Author)
Thank you Sarah for this encouraging video!
Love your videos! You help make me feel less overwhelmed about money issues.
This is a great video. Thank you.
Thank you for this video. I wish I had watched it a long time ago, especially during the recession of 2008. ❤
Thanks for the tips ! I like your shirt. Great color on you
Thanks so much! And thanks for watching!
@@saraconklinfrozenpennies YW
Binge watching all of your videos ❤
Nice hair cut, it looks very good on you.
Thank you so much
Great video Sara!
Thanks so much and thanks for watching!
You look especially nice❤. Great color on you! Your hair looks especially nice too❤
Thank you so much!!
I can only retire age 56 live off disability rent government rental 12 month fully funded emergency fund as a frugual money saving thrifty single woman I like challenging myself in ways to save money it's fun then I can spend on necessary things
Thanks so much for watching Kerry!
Bot.
❤❤❤😮😮😮😊😊😊
The pink tax is a problem for all women, single and married. How do we eliminate it?
Choose high paying professions, not "girl jobs". And don't have children.
I think that not buying those pink razors is a good start. Anthing that we can choose to do the job that isnt marketed toward women is a step in the right direction.
I shop in men/boys depts for razors, deodorant, toiletries, boots/shoes, jeans, T-shirts, etc etc!!
I am single at 66yrs, cash and carry ❤
High Yield Savings Accounts.. I don't know about other banks but ours starts at $25,000 minimum sounds catchy till you try to figure out how to come up with $25,000.00 to start it. Anyone else out there seeing the same thing? And its only 5% interest. Anna In Ohio
I have SoFi and I opened it with $500 at the time and I get 4.5%. This is where my emergency fund is.
Capital One has no minimum and its 4.25% right now which is substantially higher than and regular bank savings account at .49%
I use Ally and they have no minimum deposit.
Q: how do you get into Capitol One ??
@@dianaherring8594 just google Capital One high yield savings. The page will come up.
Thank you so much for this video. It was very encouraging. As a single midlife woman teacher I will have a pension but worry that it won't be enough as prices of everything are out of control. My question is how do you find a trustworthy financial advisor? I don't even know how to start.
There are a few ways to do this. Ask around - ask at school. I'm sure there asre other teachers that would recommend someone to you. And if youre a fan of Dave Ramsey, he has a list on his site called Sart Investors Pro that align with his money values.
@@saraconklinfrozenpennies
Thank you Sarah. I will find out.
It's Your Money: Becoming A Woman Of Independent Means
by Gail Vaz-Oxlade (Author)
Putting that on my list!
I really enjoy Gail's tv shows about budgeting and getting out of debt,
Am 56 in October single I live off disability rent government hime
Bot
Write down where everything goes and try putting $65.00 away each month
Hi. I made 2 attempts to get your free budget planner. It said “ congratulations! Check your email” but it hasn’t arrived yet. Do you have any thoughts?
Email me at aara@frozenpennies.com, and I will give you a hand!