How To Balance Being Frugal And Life
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- เผยแพร่เมื่อ 5 มี.ค. 2023
- You can live a balanced life while being frugal!
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Frugality has this stigma that it is a life of deprivation where you have no social life, you have to give up the things you enjoy, and live in a tiny house; however, frugality is about finding a balance instead of living a life of extremes. In this video, I want to help you construct a new definition of frugality by comparing the experience of going to the gym with the experience of becoming and staying frugal. And hopefully by the end of this video, you can master the gym of frugality!
"The 5 Steps To Mastering The Gym Of Frugality"
1. The Hardest Part Of Frugality Is Breaking The Stigma
In the gym, the hardest part is not the exercise part, but it is the action of physical walking through the gym doors. The gym has the stigma that it is a miserable place where you feel judged, so most people dread going to the gym. Frugality has this stigma that it is a life of deprivation, which prevents many people from taking step in their life to become more frugal. The first step to master the gym of frugality is to ditch the very narrow definition of frugality and understand that frugality is simply about using money to bring value in your life without wasting anything.
2. There’s No One Way To Go About Frugality
There is no one reason people go to the gym. People choose to go to the gym for different reasons depending on the goals and choose to do exercises based on their goals. This is the same with frugality, there is no one way to be frugal. Depending on your goals and life circumstance, you will create your own goals to become more frugal. To say there is only one way to be frugal is like saying that everyone goes to the gym to become a bodybuilder. The second step to master the gym of frugality is to come up with your own "frugal exercise plan" based on your own life goals.
3. If You Create A Lifestyle Of Deprivation You Won’t Last Long
The key to making anything in life last long term is creating a healthy balance that you don't end up feeling like you're dreading the experience. Each New Year at the gym, many people try to go from couch potato to athlete overnight, that they quickly give up because the end up dreading the whole experience. To create a long lasting relationship it is important to create a balance. Regarding being frugal long term, the key is to create a lifestyle where you do not feel like you are depriving yourself. This basically means, "Identifying the things in your life that bring you value and keep those. Then, identifying the things in your life that are waste and get rid of those." The third step to master the gym of frugality is to create a lifestyle where you don't feel like you're depriving yourself.
4. Your Definition Of Frugality Will Change Over Time
Over time, your body will change and so you will change the way to work out throughout life. This is the same with frugality: over time your definition of frugality will change. As you get older, you goals, your needs, and your standards will change, so you will need to adjust your definition of frugality over time. A 25 year old and a 60 year old will define frugality completely different and that is because they are at different phases in life. The fourth step to master the gym of frugality is to know that youe definition will change over time and constantly be working on it.
5. Once You Make Frugal Decisions, You’re Always Happy You Did It
Sometimes when I go to the gym I am extremely ambitious, while other times I'm not; however, each time I leave the gym I am always happy I did it because I know I did something good for myself. This is the same with living a frugal life. When you choose to live intentionally by making frugal decisions you will always be happy that you did it because it leads to a better life.
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What steps do you take at your phase of life to be frugal?
I save small sums consistently and at the end of three months I generally have almost one month's expenses saved up.
I don’t give a crap what my clothes, hair, face look like. I’m over 50- yes people’s hair turns grey. I wear the same things over and over because comfort is key, and I spend zero on makeup - this is how humans look. If you don’t like it, don’t look.
As a new frugalist.. I enjoy saving and not worrying about money. I enjoy not walking into a store. I’m happy with what I have. Oh the power of delayed gratification!
We go out to eat less. We save that money for special occasions. I make restaurant food at home. Last week we had Arby's fish sandwiches at home. I want to make their beef brisket sandwiches at home. Next week we're having Chinese food at home. I buy my clothes second hand. I'm not a teenager anymore, so I'm after classic looks.
Paid of my studentloan last december (finally 😅, I’m ‘broke’ atm because I’ve paid a lot (hundreds of Euros each month during a couple of years), but in the meanwhile I’ve discovered ‘budgetting’ and next to ‘pay the bills’ and ‘pay yourself first’ I have a monthly ‘fun-pot’ which I can spend entirely on ‘fun-stuff’ like going out for diner, go to a museum, etc. without feeling nerveus while spending it :) (sorry for the bad English, it’s not my native language😅)
I'm 56 and work 2 days a week to support my frugal lifestyle. To me time to do what I want is very important, as I enjoy my hobbies, getting outside into nature, gardening and reading. It's absolutely true, my life is constantly changing, though my frugal lifestyle has supported me through every phase.
Goals
I wish I could do the same at your age 😍
100% agree. I :m 55,work 5days a week 3h and live 3months in the year in tje Caribbean. To afgord it, I have a frugal life style and enjoy it.
This sounds like my dream life. I'm not there yet, but I'm working on it!
I could technically do this but being young I think I should work a little harder while I can
I knew that I graduated from Frugal University when I felt pity for my coworkers who fell into the trap of weekly 💅🏽 manicures and hair salons appts every 6 weeks.
This!! For me it's coffee my colleagues buy coffee everyday & i just make mine @ home + i'm okay with just having 1 cup a day but my colleagues can have like 2 or 3 cups a day. I could never otherwise i'd struggle to fall asleep at night.
I thank God i don't even crave it, on the weekends i don't drink it at all that's my detox time.
Frugality at age 68 is to build a legacy to leave my children and grandchildren and/or to insure I never have to be a burden on them if I need elder care. I've been frugal so long it's not a burden. Just a way of life☺️
Life is easy…
If you practice “simplicity”.
- Me
Love the weird guy with the TH-cam channel! That part made me laugh out loud. 😂Time spent on your financial and physical fitness is never wasted. Great analogy!
Thanks!
I first became frugal to avoid bankruptcy and losing our home. Then it became a way to get the things we wanted (kayaks, cars, etc). We also took vacations every year that we wanted (mountains, beach, etc. We maxed our retirement contributions, had a paid off home. My husband retired at 45. He decided to go back to work but that was his choice. We had many opportunities because we were frugal.
We're also hardwired to believe that 'things to do' means spending money, that nothing that is free could possibly be interesting or a good way to spend your time. I've never been a coffee shop person. Exercise doesn't have to cost money. Holidays don't have to mean a 5 star resort.
my personal problem is.... i bought an expensive guitar.. i want to have it and i feel no regret as of today.. that makes happy and living my dream.. i know i must live below my means but there is a few exception.. btw thanks austin
We are frugal and interact. Thursday we're going to the mountains of Western PA. We saved for it. We're renting a cabin in a state park. It's only for a few days. There's an event we are attending. It should be a relaxing trip. Yes, you can have fun and be frugal. I lift at home. I do it a few days a week. Each time the goal is to do more reps easier. What weird guy on TH-cam? We think you're just fine...a level headed young man we wish was our son.
Austin! Please!! I've been a certified fitness instructor for 26 years. I teach aqua aerobics in a class called "Boot Camp". The ladies (of ALL ages) in my classes could run circles around young you. Water aerobics is NOT just for old people. Come to my class and let me teach you that. Thank for for understanding and thank you for, never again, saying "If you are an old person you might want to do water aerobics." 🙂
Very wise for a young man 😊 im still learning at 55 years old
4:50 AUGUSTIN!! you are not a weird guy and even if you were, we all appreciate ya here on youtube 😂
Or maybe he is and thats why we like him?
We're all a little weird!
Austin rocks weird 😂🎉
Frugal isnt cheap
I do 40 minutes or so of lap swim every day except maybe Christmas day. I stopped going to the weight room in college many years ago. Many days i expect not to enjoy the swim but i enjoy it every single time. I sometimes remind myself going in that i have never failed to enjoy a swim.
Excellent guidance once again Austin! I don't go to the gym, rather I walk to the Fred Meyer store about 2 and a half miles from my apartment at about 4 or 5 in the morning. Is great excercise and I get the benefits of the endorphins to start my day
Me, too! 👍🏼
Walks are so much easier on the joints. I'm 22, and much prefer lower impact exercise as I believe it leads to longevity.
Austin, you have such an open mind toward life. You listen to others views
and you listen carefully, but it doesn't
stop you from coming up with good
ideas and being up to date on life. ❤
Thanks! I'm trying!
As someone who has been frugal for 35+ years and been going to the gym/pool/running even longer, I think the similarity is that it's a discipline whose dividends (no pun intended) pay off both in the here and now and, even more dramatically, over time. Also, there may be periods when you lose your mojo -- usually a sign you need to back off a bit -- but you can always pick it up again (and you won't be starting from zero). Finally, like going to the gym, it's never too late to start being frugal. Great video as always, Austin!
Thanks!
“And even go to the disco 🕺 “ love your advice ❤
Let's groove tonight!
It's all about starting small and making things a habit than being motivated. I just do mostly body weight stuff from home after I have my morning coffee. People I havent seen in a while all seem to say I've gotten jacked compared to how skinny I was when they last saw me, despite actually weighing less.
Sure I can probably can get better results going to the gym and lifting weights, but the fact I can do my workout from home most likely made me consistent with it over the past few years.
Nice analogy. I think about money management like I do about weight management. You have to track calories/spending to meet your goals, but you have to be in balance and not too extreme or you will feel deprived and binge! It helps me to track my spending and evaluate monthly to see if there are areas I feel I can cut back, if the spending isn't "worth the calories" so to speak!
I like this. I’m saving this screenshot.
Ever changing! So true! Thank you!
For me Frugality is Freedom & Mental Peace ❤
WOW. Yes, frugality adds value does not deprive value.
Thanks for sticking around so long watching my videos, Kevin!
@@ElAgustin I'm doing a lot of thinking. Still 16 mos out from pulling the plug. I'll update, soon.
My goal is to achieve a balance in my frugality just like it was mentioned in the video. I eat at home about 95% of the time during the week and then I will eat out on the weekend. I'll go to get a coffee once or twice a week. The rest of the time, I'll just make my own coffee or make my own food.
Good luck!
Thanks for touching on this topic. I recently lost my grand aunt at 94 (the last member of my family for that generation) and I'm wondering this exact question. She was super frugal and lived an amazing life. But it seems she was confined by her things and frugality when she didn't need to be. Who knows.maybe that was her ideal. So I'm wondering how we can find balance so that we don't miss out on the richness of life.
Another example, you seem to love traveling and the experiences that come with it, I haven't found that to be the case for me. It feels like another form of consumption.
@@melodysmelody2809 Indeed, she and her husband lived through the great depression. Although they were both little kids at the time it still had an impact.
My husband and I want to use frugality to save up for lifetime memories, such as visiting family, and a trip to Europe.
Take a 5 mile walk/ jog if capable every single day. No excuses for not doing it. Its free. Be grateful you are able to move freely. Walk with a friend, freinds ds or by yourself. Each dynamic is different. Use headphones if you wish. Enjoy music or a podcast. Or walk with only the sounds around you. No need to go to the gym. In fact that's usually a problem. Your mind and body will thank themselves if you follow my advice. You will understand that frugal is very valuable. Or sit, continue eating yourself into obesity oblivion like you're doing now and buying junk you don't need to feel better. Your choice.
Thank You! I can now be a member of 2 gyms because they are so different, and at almost 72 I love both.
Like being 60 and widow. Enjoy being invisible gives me a great adventurous life. Be frugal but spend big on travel and adventure just enjoyed big time on island wedding werkendb
"The gym of frugality", that is inspiring and poetic! Truly masterclass content- and languagewise, my friend! Great thanks for sharing😃
Thanks!
I am diabetic I don’t go to the gym, and I workout at home. The reason I need to work out is prevent diabetes and keep my weight off to avoid any complications with my health. Maybe to be frugal is using your time wisely, so me as an artist instead of buying something expensive, instead I use what I have available and use TH-cam or look up free information on how I can paint with acrylic paints, paint brush, and something to paint.
I am also struggling with a shopping addiction and I am new to frugal living. This is interesting to learn and I like to implement it into my life.
Also, I don’t diet vegetarianism and veganism is proven to help the environment, yet to tell the truth they don’t work for me because I feel they don’t help me reach my goals. I don’t diet and I eat however I want as long I give what my body needs as diabetic.
love your channel been watching for few months, please don't stop posting haha
Don't you worry. I'm in it too deep!
New subscriber here....
Keep it up ...
Plz make more videos .... for minimalism and slow living... and simple living....
I appreciate it! Will do!
I love watching and can't wait to see what else Augustine comes up with! Wish we were all taught this way of living prior and our kids need this in their school curriculum! Austin's material and teaching style should be part of every school model curriculum and we would all be better off, without so much unnecessary caused financial stress. Thank you Austin!! Also, if you know of any side hustles, such as online paid surveys or other areas that may bring extra earnings that may be worth doing would make an interesting topic.:).
💪💪Rock bod! 💪💪🥰 Thanks for that clarification on frugality.
just found your videos last week and i am hooked! thank you so much for making videos like this and keep going!
Thanks! Will do!
My gym plan is to go every other day. After four years of sticking to the plan I still hate going to the gym. The hardest part is not "going through the door" - the hardest part is progressive overload on chest and back. Just "going through the door" doesn't bring any results, progressive overload does.
I'm close to 50, have the best physique I had in my entire life and I am a certified fitness trainer.
Great analogy
Hahaha you better looking now Augustin 💜💜💜,ur right now ,I need more time for family,my kids love it,I wanted a 6 packs when I was younger,,now jus want to be healthy.
Why is it that so many people think everyone 35 + starts basing their frugality on having kids? If you care about the environment and / or money, replicating is the Worst decision you could ever make.
Yeah I agree at least for myself
I wish we could have replicated, but that didn't happen. Now I get to enjoy everyone else's children, and give them back when they get loud.
Did you not have any children Samantha?
It’s a natural instinct to want a baby of your own and people should be applauded if they just stick with 1 or 2 instead of more ,, yes, having children will have an effect on the worlds resources, so will taking a flight, drinking bottled water, using plastic, eating meat, not recycling ,, we all do our bit but no one should be criticised for being frugal, each to their own eh?
@@lisag9493 It absolutely is not a natural instinct to want children. I know many people who genuinely have never wanted children and are extremely happy to be child free.
@@Michelle_Emm that’s true and I agree some people have very happy lives who choose not to have any children ,, however,, I was responding to Samantha’s comment about ‘replicating is the worst decision you could ever make if you care about the environment’. there’s got to be a bit of balance here,, you can do a lot of other things to save the environment which is also to be commended and having children isn’t the worst thing ,, bringing children into the world is the most wonderful experience a gift and a blessing in my humble opinion ,,
Really enjoy your videos! Thank you 🙏🏻
Just came across your channel and im binge watching every episode, I'm addicted 🙂. Im 44 and have just realised that if I don't start living a frugal life i will be a very poor old man. Saving is giving to your future self is great advice. Pity i didn't realise this in my twenties but better late than never i suppose. Keep up the great work 🇮🇪👍
Great video, I shared it on fb.
Thanks!
As always great video. You are so different from other TH-camrs and I appreciate that so much.
Great ideas! Loved your tiny house photo at the start of the video! I think I looked at that house when home shopping but it appraised a little low!
😂 why I otta! Hit my funny bone!
Hi, just came across this video 2 days ago. Really really loving all this good information. New sub for sure...
Bro, I found you through your Index fund video because I wanted to start investing and ever since, I have been slowly watching all 105 of your videos! You are awesome!!! We have the same kind of energy and values. Maybe you'd inspire me to be a weirdo in his 20's (welp 30 as of April 1st) to start making YT videos as well!
Great content!
Thanks!
Yeah thanks!
The beginning lol
That is how I fight back!
we only take roadtrips and short vacations if we paid for it in advance. the attractions and hotels are paid for in advance through our debit card. we have no debt on our vacations. we are taking a cruise this summer and it was paid for couple months ago
Frugality is intentional money management.
Swap some of your dollars/ euro's or whatever, to silver and or gold. In this time of big inflation, it keeps it's value over time.
Show your support by watching the video from the beginning to the end. Of course subscribing, "Like" and posting a comment helps too ( even if you only post a comment saying "comment").
haha, thanks!
I’m frugal as like no debt like working less and enjoy time with self nature family. Also like big spends on holidays when go overseas or locally like to live it up then big time
Great video!
Geoarbitrage also is a great strategy
This is just a stream of consciousness; i.e. what happens to be going through Austin's mind. It is yet another of his personal theories that he floats. You are all invited to join the vast chorus of personal theories in the comments below.
haha, exactly!
Frugal life may be a new thing in the western world. But in India its so common with many people.
nos vemos chico!
❤
Hahaha i like that neyneyney
I'm super frugal because I have to be. That said...I wonder if it holds me down, if it holds me back. It is a habit, but I'm also in the habit of working for myself where a person needs to put money at risk. The other day I passed on a tool for $100. Two months later...whoops.
The irony is I like spending money on gifts and on people..........but won't spend it on myself. tHanks for the video...( Tiny House + )
I love my frugal journey. It's not about deprivation; it's about making choices to live your best life now, and into the future. Just stop spending money on things that really don't mean anything to you.
@0:14 😂
+ I'm 51 and feel 20 years younger, look younger and I sure as sh+t am nowhere near retirement and still don't know exactly where I fit in career wise. Not a dis at your channel by the way, love it, but I get sick of people harping on about saving for retirement, spending time with kids etc etc etc. Being frugal should include strategies that don't purely accommodate the financial woes of those humans hellbent on having kids, a mortgage, being able to retire with money etc etc
Not a dis to you, but the majority of people do want those things, so it makes most sense to speak to the majority. And, there's no reason to feel offended if you enjoy living outside of it! Seek out those people that speak on what applies to your life.
Not a dis to you, but do you plan to work up until the day you die? I'm just curious because how do you expect to eat after retirement age? I plan to work until I die. No nursing home for me!
@@danicegewiss862 is your comment directed at Samantha, or me?
Disco??? lol
I was too young to go. I'd love if they built one near me. It would be like a trip back in time....really fun.
Gym membership? Coffee out? Eating out 2 times a week? what's so FRUGAL about your lifestyle? You are spending more than most people can afford!
He's not wasting money buying stuff he doesn't need and has no debt. I think you missed the point of this video, being frugal is different for everyone.
I get my haircut by AI.
Am I frugal yet, daddy?
We need to be able to see the results...
How to be an egoist and make people see you as a person who loves your society..
It's hilarious that you comment here frequently seeking attention and validation. Talk about an ego problem.🤦🏼♀️😂
I would estimate that 85% of your content was written by chat GPT. It's still reasonably useful content for the masses though
Why do you think that?
whose isn't these days, and besides, ChatGPT is only as valuable as the human who understands it's contents.
I just came across your page this evening and let me just say I LOVE your content & am so thankful I found you. I have been binge watching your videos and there isn’t one that I don’t like/cannot agree with. I’ve been trying to figure out ways to become more frugal and your input/advice & outlook on life and “stuff” attained throughout it has been helping tremendously, so thank you!🫶🏼
Well done, well said!! ⛹🏋🤾♂