I became frugal after I lost my job in 2010. Until then, I did not think about saving. I was an impulse buyer and I never bought anything on sale because I thought they were low quality items. I bought things (clothes, bags, shoes, furniture etc.) and donated them as soon as I was bored of them. 2010 really made me realize the importance of saving. I was fortunate to find a job in June 2010 and I have lived frugally since then. Being unemployed for about 6 months taught me something that is so important in life.
Frugal Driving : Accelerate and Brake more gently and go a couple of notches below the speed limit. In the short term you use less fuel, and the long term save on wear and tear !
4:22 This is the truth to the nth degree. I was laid off as a sole breadwinner when I was in my early 40s. My mom essentially became a single mother also in her early 40s when my dad was unjustly imprisoned. These events were so traumatic that even though I now make a very good income by most standards, my family still live frugally.
Thanks for another interesting and thought provoking video Vicky. I do agree that you should try to reduce costs as much as possible to ensure that you are investing for the future. However, I also believe that you should allow yourself the opportunity to enjoy some of your money now and not save it all for some magical time in the future which may or may not arrive.
Well said Vicky. While there's always a few things I want I've learned to savor the peace of mind having savings, emergency funds and being satisfied now I've learned to be frugal. Patience is the key for a better future me! 😊
I’m trying to be really frugal because my husband will be retiring in 5 yrs, I have already retired. We do have over a million dollars saved but in this day and age I don’t think it is enough for a comfortable retirement. We would like to travel and of course leave a legacy for our daughters
@@kathrynp7595 I think you’ve done incredibly well, but you’re right it’s hard when you have long term ambitions to make even a big pot of money stretch. I take my hat off to you though, I think you’ve done incredibly well.
I retired early in 2019 at 59 1/2 and took money out of my smallish retirement account until I turned 62 and took (Social Security) SS., I do not have a mortgage or debt, and I live off of SS alone now. I do not buy into consumerism anymore and have no-buy months (since last Nov) whereas I pay fixed expenses and prop/school/local taxes.
I believe there is an inverted u shaped relationship between money and happiness. Obviously those who haven't enough to meet basic needs and are stressed due to lack of money are unhappy, and having more increases happiness. However there is also such a thing as having too much. Look how many celebrities self destruct with harmful habits or end up taking their own life, because when you have far more than you need it starts to mean nothing, and breeds idleness and neurosis.
I'm a minimalist..but I haven't fallen into the pretty basket look..to me it seemed to go against buying less and saving ££ I really have to need a plastic box to buy one...
Old money rich never change furniture or clothes on a whim they wear clothes until they are falling apart and drive the old vehicles that’s barely road worthy . They are very thrifty! Fact I was brought up in a village where Princess Anne lives . You never see her in the latest clothes or driving a new vehicle.
I just got a raise at work not much but it's something. I have since than taken the extra cash after Uncle Sam took theirs 🤣 and put it aside see how much I can save for the rest of the year. my goal for 2025 is not buy anything I already have until I'm down to the last one. love your content
I never previously thought this way, but this last year I’ve started to really want to stop being so influenced and spending so much on things I can do without.
I have a friend who has moved home three times to get a bigger place each time. And each time she has extended the mortgage to do up the new home, so she still has 20+ years on her mortgage after the third move. I have moved three times and each time I used all of my equity to maintain the mortgage period the same as the existing mortgage. I paid off my mortgage by age 50, while she's still paying for a mortgage.
@@marton349 that’s amazing about your mortgage. Yes same here, I also feel better knowing my money is growing more money rather than represented by piles of stuff in my home
100k just means the more you earn the more you spend , the more you consume. People who have never had that figure would know how to conserve and look after their money . The drug for 100k is unnecessary spending , it's like a drug
I completely agree! True wealth comes from living within your means and making smart decisions. Frugality isn’t about deprivation; it’s about ensuring long-term financial security. It’s important to appreciate what you have and not compare yourself to others on social media.
I'm 55yrs old $24,000 weekly and I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I'm today!!❤
I'm pretty sure I'm ADHD (Audhd, getting assessed soon) and I very much struggle with any future based thinking. Everything is now. Anything else doesnt exist. I have never been good with money and just cant save a darn thing. And dont earn anything now as i had to leave my job. Investment to me is like something other people do and I wouldn't know where to start. I also feel that investing is such a capitalist thing to do, investing in companies which might be extremely questionable is something i struggle with!
@@fenlandwildlifeclips I agree, most people aren’t. But I think the principles of frugality apply whatever you earn because no one earns infinite money.
I can afford a Porsche 911, but cars are just utility machines for me. I can afford foreign holidays several times a year, but I'm mostly a homely person, I like doing things at home. I like reading, but I don't collect books, I give them away once I finish reading them (the only ones I keep are reference books for work and my Harry Potter first editions as they are now worth £45k). I prioritise the things I like doing the most (reading, music, movies). I spent £10k on building out my home cinema because I enjoy movies and I don't like my movie going experience to be ruined by cellphones. What being wealthy means to me: o Only working if I choose to o Zero debt o Little daily luxuries (coffees, take outs) without checking the bank balance o Owning an almost new car outright (not a fancy car, Hyundai Tucson) o Being able to enjoy my everyday passions and hobbies without worrying about the cost o Being able to help friends and family with my time and experience I don't plan to pass on any wealth to my family. I will spend it all in retirement.
@@OneAndOnlyMe I love this list! And I totally agree with this, it’s all about being clear on your priorities and resisting the temptation of mindless spending which can be a hard habit to break but once you’ve done it you don’t ever want to go back! Thanks for sharing your wisdom ❤️💪
I became frugal after I lost my job in 2010. Until then, I did not think about saving. I was an impulse buyer and I never bought anything on sale because I thought they were low quality items. I bought things (clothes, bags, shoes, furniture etc.) and donated them as soon as I was bored of them.
2010 really made me realize the importance of saving. I was fortunate to find a job in June 2010 and I have lived frugally since then. Being unemployed for about 6 months taught me something that is so important in life.
Being frugal=FREEDOM💯❤️
Frugal Driving : Accelerate and Brake more gently and go a couple of notches below the speed limit. In the short term you use less fuel, and the long term save on wear and tear !
4:22 This is the truth to the nth degree. I was laid off as a sole breadwinner when I was in my early 40s. My mom essentially became a single mother also in her early 40s when my dad was unjustly imprisoned. These events were so traumatic that even though I now make a very good income by most standards, my family still live frugally.
Thank you for the beautiful video. Full of wisdom 🌷
@@pinkypanchal3439 thank you so much for watching ❤️💕
The Psychology of Money is a great book! I recommend it.
I’m a senior citizen living on €14,700 a year, but I’ve always been good with money so I manage.
Beautiful and Frugal.
Thanks for another interesting and thought provoking video Vicky. I do agree that you should try to reduce costs as much as possible to ensure that you are investing for the future. However, I also believe that you should allow yourself the opportunity to enjoy some of your money now and not save it all for some magical time in the future which may or may not arrive.
Thank you for this video, you are so right ! I saw midnight on the back , hug for her and take care 🙏😻
@@christinal3041 she’s always hanging about when I film, has lots of opinions too 😸
Well said Vicky. While there's always a few things I want I've learned to savor the peace of mind having savings, emergency funds and being satisfied now I've learned to be frugal. Patience is the key for a better future me! 😊
I’m trying to be really frugal because my husband will be retiring in 5 yrs, I have already retired. We do have over a million dollars saved but in this day and age I don’t think it is enough for a comfortable retirement. We would like to travel and of course leave a legacy for our daughters
@@kathrynp7595 I think you’ve done incredibly well, but you’re right it’s hard when you have long term ambitions to make even a big pot of money stretch. I take my hat off to you though, I think you’ve done incredibly well.
@ Thank you 😊
I retired early in 2019 at 59 1/2 and took money out of my smallish retirement account until I turned 62 and took (Social Security) SS., I do not have a mortgage or debt, and I live off of SS alone now. I do not buy into consumerism anymore and have no-buy months (since last Nov) whereas I pay fixed expenses and prop/school/local taxes.
@@markritacco270 sounds like you’ve got yourself into a fantastic position.
@@TheMummyBubble Thank you so very much 😎
I believe there is an inverted u shaped relationship between money and happiness. Obviously those who haven't enough to meet basic needs and are stressed due to lack of money are unhappy, and having more increases happiness. However there is also such a thing as having too much. Look how many celebrities self destruct with harmful habits or end up taking their own life, because when you have far more than you need it starts to mean nothing, and breeds idleness and neurosis.
I'm a minimalist..but I haven't fallen into the pretty basket look..to me it seemed to go against buying less and saving ££
I really have to need a plastic box to buy one...
I'm with you!
Old money rich never change furniture or clothes on a whim they wear clothes until they are falling apart and drive the old vehicles that’s barely road worthy .
They are very thrifty! Fact I was brought up in a village where Princess Anne lives . You never see her in the latest clothes or driving a new vehicle.
Lovely reflections, Bravo
I just got a raise at work not much but it's something. I have since than taken the extra cash after Uncle Sam took theirs 🤣 and put it aside see how much I can save for the rest of the year. my goal for 2025 is not buy anything I already have until I'm down to the last one. love your content
@@Intentional-frugality that’s amazing, sounds like you’ve got a brilliant plan! Thanks so much for watching
I never previously thought this way, but this last year I’ve started to really want to stop being so influenced and spending so much on things I can do without.
I’m feeling that too- the constant product placements even if I’m just trying to read/watch to learn something. It’s disheartening!
I have a friend who has moved home three times to get a bigger place each time. And each time she has extended the mortgage to do up the new home, so she still has 20+ years on her mortgage after the third move. I have moved three times and each time I used all of my equity to maintain the mortgage period the same as the existing mortgage. I paid off my mortgage by age 50, while she's still paying for a mortgage.
My salary is approx 49k wife is PT on 14k.
If i spent to look rich Id be using foodbanks. Fortunatly mortgage paid off 8 years earlier.
@@marton349 that’s amazing about your mortgage. Yes same here, I also feel better knowing my money is growing more money rather than represented by piles of stuff in my home
Great video as always, what happened to the cat at 5.38? lol.
@@chrisbamber942 she’s a rare breed of cat that is capable of matter transportation, she uses her powers for good though 😸
100k just means the more you earn the more you spend , the more you consume. People who have never had that figure would know how to conserve and look after their money . The drug for 100k is unnecessary spending , it's like a drug
It brings me so much peace ☮️
I completely agree! True wealth comes from living within your means and making smart decisions. Frugality isn’t about deprivation; it’s about ensuring long-term financial security. It’s important to appreciate what you have and not compare yourself to others on social media.
I'm 55yrs old $24,000 weekly and I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I'm today!!❤
Hello 👋
How're you earning such weekly? sometimes I feel down on myself because of low finances,but I still believe in God
Thanks to Mrs. Elizabeth Regina Nelsen's time in my life, which had a profound impact on me.
Sounds familiar. I have heard her name on several occasions and read about her success stories in wall street journal!
Who's Elizabeth Regina Nelsen!?looking forward to this opportunity Can I also sign up from Ontario Canada?
She is really a good investment advisor. I was privilege to attend some of her seminars. That's how I started my own crypto investment.
You should live with in your means but many people live beyond it!
I'm pretty sure I'm ADHD (Audhd, getting assessed soon) and I very much struggle with any future based thinking. Everything is now. Anything else doesnt exist. I have never been good with money and just cant save a darn thing. And dont earn anything now as i had to leave my job. Investment to me is like something other people do and I wouldn't know where to start. I also feel that investing is such a capitalist thing to do, investing in companies which might be extremely questionable is something i struggle with!
Wealth is gained by behaviour not income
Well said. So many "rich" people (high earners) dont sock away anything. They are piss poor imo
Nice video
G8 idea for peacefull life
I’ve decided to start living frugally. I’m not getting any younger 😅 I’m going to do the 0 budget technique to help me save
Brilliant idea, the zero based budgeting method really helps with focus and sticking with intentional spending.
I don't think most people are thinking like that now: for many simply buying food is difficult & very few have £400 spare monthly.
@@fenlandwildlifeclips I agree, most people aren’t. But I think the principles of frugality apply whatever you earn because no one earns infinite money.
I'm so frugal I realised I could turn social security into a salary lol
@@ewtwetrwerwteet 🤣👍👍👍
Good vid. ❤
Where can I earn 8% on my savings? My rates are terrible!
It's not what you earn its what you keep (don't spend). 6 or 5 figures :).
I can afford a Porsche 911, but cars are just utility machines for me. I can afford foreign holidays several times a year, but I'm mostly a homely person, I like doing things at home. I like reading, but I don't collect books, I give them away once I finish reading them (the only ones I keep are reference books for work and my Harry Potter first editions as they are now worth £45k). I prioritise the things I like doing the most (reading, music, movies). I spent £10k on building out my home cinema because I enjoy movies and I don't like my movie going experience to be ruined by cellphones.
What being wealthy means to me:
o Only working if I choose to
o Zero debt
o Little daily luxuries (coffees, take outs) without checking the bank balance
o Owning an almost new car outright (not a fancy car, Hyundai Tucson)
o Being able to enjoy my everyday passions and hobbies without worrying about the cost
o Being able to help friends and family with my time and experience
I don't plan to pass on any wealth to my family. I will spend it all in retirement.
@@OneAndOnlyMe I love this list! And I totally agree with this, it’s all about being clear on your priorities and resisting the temptation of mindless spending which can be a hard habit to break but once you’ve done it you don’t ever want to go back! Thanks for sharing your wisdom ❤️💪
700 th like !!!
Thanks for watching and liking!
Being frugal for me is saving for my future but also putting money aside for trips that will have lasting memories
@@Solomumtoone yes! I love this ❤️
Same with me
With the internet, you can go anywhere, see anything, without leaving your house.
@@paddymurphy-oconnor8255😂😂😂
@@paddymurphy-oconnor8255 Yeah, i google maps streetview everywhere. Its a lot of fun!
Thank you for this video, you are so right ! I saw midnight on the back , hug for her and take care 🙏😻
@@christinal3041 she’s always hanging about when I film, such a diva 🐈⬛🐈⬛🐈⬛🤣
@ she is , bless her 😻