12 Frugal Living Habits To Adopt In 2024
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- เผยแพร่เมื่อ 9 มิ.ย. 2024
- 2024 has arrived. Here are so frugal habits to adopt this new year!!
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Chapters
00:00 Start Here
00:55 Defining Frugality For Your Own Lifestyle
01:56 Prioritizing Your Values
02:46 Practicing Contentment
03:37 Defining Enough
04:45 Being Self Sufficient
05:39 Embracing DIY
06:03 Investing In Index Funds
06:58 Having A Long Term Mindset
07:48 Being Consistent
09:16 Having Self Control
10:18 Living With Balance
11:23 Doing What You Want To Do Because Frugality Allows You
If becoming more frugal is one of your goals in 2024, it is good to be aware and develop habits that make frugal living easier. In this video, I share 12 frugal living habits to consider adopting in 2024.
1. Defining Frugality For Your Own Lifestyle
One common misconception about living a frugal life is that it is one thing and all frugal people live the same way; however, that is false. Frugality looks different for different people based on their life. It is important to define what frugality means in your own life.
2. Prioritizing Your Values
Frugality isn't about going without things, but rather prioritizing your values and using more money on those things. It is important to know what your values are and stop using money on things that don't bring you value.
3. Practicing Contentment
Many people choose to buy nice things and spend a lot of money simply because they lack contentment in their life. It is important to be in the habit of practicing contentment and being grateful for what you have.
4. Defining Enough
Frugality isn't about not having a good quality of live, but rather about deciding when you have enough in life. How much money and possessions do you need until you have enough? It is important to define enough in your life.
5. Being Self Sufficient
We live in a world where people are outsourcing every aspect of their life instead of doing it themselves. It is important to be in the habit of doing things on your own.
6. Embracing DIY
Nowadays it is so easy to learn how to do something on your own just by a quick search on the internet. Frugal people are in the habit of doing things themselves rather than paying for someone to do it.
7. Investing In Index Funds
Investing is a great way to build your wealth over time. Frugal people are in the habit of investing in index funds to grow their wealth.
8. Having A Long Term Mindset
Many people are in a bad financial situation because they are always thinking short term. Nothing can be accomplished financially unless you think long term. Frugal people are in the habit of thinking long term to reach their goals.
9. Being Consistent
The key to achieving something in life is by being consistent over a long period of time. Frugal people are consistent in their habits and choices to achieve their goals.
10. Having Self Control
The biggest person that will harm you financially is you and if you are unable to control you, it doesn't matter of external forces. Frugal people are in the habit of controlling themselves so they can make better decisions.
11. Living With Balance
Frugality is not about under spending nor over spending. Frugal people are in the habit of finding a balance between the two extremes so their lifestyle is sustainable.
12. Doing What You Want To Do Because Frugality Allows You
When you make decisions to spend less and save more, you start to have more options in life. Frugal people embrace those options and do more of want they want in life.
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My husband makes more than I do, but he pays the price for his income...he has a 2 hr ride to work and home. Therefore he's tired all of the time when he's home. I put money aside so he can retire early. We have no debt, so I can put more money aside. At our age, we have more than enough. Christmas is about toys for the pets. Last night we filled the Kong with peanut butter and gave it to our dog. Happy New Year!
Balance is the ultimate habit to have, always being concious and aware is critical!
Amen. This was my Papa when he was alive. He was a wise frugal man who lived a full and happy life.
Best thing a human being can do is to share knowledge to another human being. Thank you so very much Austin🙏🏽, greetings from ❄️😬❄️ Sweden
I find that some frugal people really do become cheap, with food. They will buy horrible meats and bouillon cubes etc that contain all kinds of harsh additives and chemicals (like MSG etc). Sometimes it pays to buy the better items. And you can still do it frugally. Look for sales and learn to use coupons. The best way is when you have a coupon and use it during a sale. I done this multiple times. Also, shopping the clearance rack for those breads that you love, you will save 1/2 the money. Just look all around and make sure it's good. And freeze right away when you get home.
I think that defining your 'enough' point is critical. I discovered that I need very little to be quite content. I don't need new, different, or upgraded. I am happy with what I have, and only replace when I have no choice, and even then it's reluctant because I like to keep the things I have because I like their familiarity and dependability. A good post for a new year and for those who want a new financial start.
I recently changed the drive belt on our electric dryer. A straight -forward job with simple hand tools. Replacement belt cost on Ebay was under 10 bucks. An appliance repair service would have charged at least $ 150. Thanks for another great video and all your excellent advice.
Gratitude and contentment are my New Year’s resolutions this year
Hi Austin! This will be the first video I watch in 2024! I hope all things good for you!
Georgia on My Mind by Ray Charles. 🎉❤
Same
Me too !! 1st video in 2024
My goal this year is to spend less than I did last year. I’m trying this thing called No Spend Month. If I succeed then I’ll continue it on the following month and so on.
I am glad I discovered your videos here on TH-cam. You explain things so simple. Thank you so much! I hope you have a prosperous year!
2024 here we come! 🎉
Congratulations Augustine on your move back to GA.
Please do keep us posted as we look forward to your next video.
amazing way to kick off 2024 😀🎉 frugal living will become even more important!!
Happy New Year Augustin! So close to 75K subscribers 🎉
Happy new year! Love your channel. This year for Christmas I only bought a few gifts for my husband, sons and their girlfriends. Usually I overspend and then January’s credit card bill comes.. but not this year, a few special gifts for each of them and no debt from it.
Oh whoa ur moving? Looking forward to ur vids in ur new (old) home 🎉
We'll miss you here in Colorado. Best wishes on your next journey! We'll enjoy your videos from Georgia as well!
HAPPY NEW YEAR!
I was just visiting my family in Germany and noticed how they don’t need so many things because they keep and maintain their things for decades so there is little frivolous spending and more money for nice experiences. They also don’t buy things they don’t have the money for. I live like that here too and am super content with all that I have even if it’s not the latest, greatest thing. Happy 2024! 🎊🥂
Happy New Year Augustine. Delighted to see your subs are growing higher and higher. Good things can happen to good people who keep things real 😊🙌
Thanks! It's been nice!
I've been binge watching your videos for a month and my credit card bill is down and savings is up. 😂. So glad to find your channel!!!
After the massive amount of brainwashing from watching commercials everywhere, binge watching your videos is detoxing my mind from consumerism...
I'm glad!
Happy New Year!!!
Appreciate the habit of balance discussion. Sometimes I feel guilty for spending and my spending is very minimal.
We really enjoyed this video content!
It was very inspiring and motivational, even more than usual, which is why we watch your channel!!!❤❤❤❤❤❤❤❤❤❤❤❤
Thank you Augustine, your videos are informative and hilarious. Keep up the good fight.
Happy New Year! 🥂
Maybe we need to change from being frugal to being purposeful.
Frugal indeed feels like being cheap and sacrificing while being purposeful feels like making choices that work for you without waste but also without a life that's too sufferable because of self imposed "below of means" living.
Taking care of domestic chores make sense when you can't use your time and energy for more doing something else. Mileage vary depending on your qualifications, opportunities available etc.
You're absolutely right about consistency. It's a must for any content producer. Not only quantity but quality wise.
Self control is surely a must but not only on the consuming side, but on the productive one. It's very difficult to push through the pain and work when you're tired, for example.
Congratulations on your move! Being free to move anywhere anytime is priceless! Have a safe trip!
Purposeful: I like that!!
I like the messages about frugality. ❤
Good morning, Austin and everyone else! Happy new year! May we all move toward financial health this year
This video is my 1st video watched in 2024-congrats! 😅 Great examples of how frugality is different for different people. (That's why I like your videos-you talk about things differently than other YT's.) Blessings for 2024! Are you going to do something new like live out of a van in warm Georgia, or are you getting married?
It's not that warm lol it was about 47 degrees today 😅 🤣 however next week it may be 70 here! Maybe he is willing to take his chances 😂😂😂
Happy new year Austin 🎉
Loved your statement about finding the balance. I always buy pizzas from an Italian restaurant on the last day of school vacation. Now I will enjoy it even more.
I'm from the middle Ga. area., welcome home and happy New Year!!!
Austin, you made me laugh so much this morning but it was a good distinction to make. I wouldn't want to wish someone the wrong thing! I appreciate the efforts you make to keep us all educated in the ways of the mighty dollar. Thank you
Welcome to the new butthole 😂😂😂. I couldn't stop laughing.
Happy New Year and have a great financial year.
Good luck in your next phase of the journey that you've invited us to share with you!
Austin, I like the concepts you compile in these videos. In this video, using the image of the shopping crush to illustrate the contentment discussion was particularly powerful.
Augustin would you define being “cheap” ? I consider myself a frugal person because I hate to waste money but I also like quality. I read labels in food and clothes and seek bargains but won’t buy cheap quality food and non food items. I knew ( now deceased) a person who saved a lot of money and ate cheap food and denied themselves things and what ended up happening is that the person developed type 2 diabetes and ultimately cancer and passed away. Disease snuck up and rendered his money useless because he didn’t have enough time to enjoy it. I reflected on this and came to the conclusion that frugality is good but being cheap (eating unhealthy cheap food and saving money in the bank) is not smart. This person ran out of life before running out of money. Balance is essential in living a frugal lifestyle. People please don’t be cheap and sacrifice your health. Don’t deprive yourself. Health is priceless. Life is precious. Thank you for your channel. Continued success to you.
Happy new year! Congrats on your move.
Great content as usual, Austin! Welcome back to Georgia! I do love the climate here in the northern suburbs of Atlanta, but it has gotten very populated and expensive since you left. I wish you all the best in 2024!
Dance dresses give me value; I enjoy dancing in my pretty dresses. Eating out brings me value; I enjoy eating with other people since I am single and eat at home alone most of the time or at my desk. Both dancing and eating out are social interactions that I value. Like you say, everyone has a different situation.
This is another GREAT video. Looking forward to see what's next. All the best with your move.😮
Happy new year Agustin!
Starting off right, El Agustine 😂 I'm going to use these habits today and this year.😊
Bonne année and thank you for your videos.
Beautiful content 👌 like always . Happy new year to you Austin. 😊😊
I woke up to this video and the TDJ drama 😂😂
Happy New year! Cheers to a great year! That’s fun that you are moving!
Last year watching your videos helped me a lot to start saving!
What is TDJ?
I leave in Georgia too
Excellent video and good luck with the move back to Georgia. Happy New Year!
You as well!!
I'm early! Happy new year dear Austin 🎉🎉🎉❤
Hi, good luck with your move can't wait to see your new place! And very motivating! Thank you you've helped me so much! And you're very entertaining! HNY!
Tight!Right! DIY...dont invest, save for a buffer or two forwhen bad things happen-emergency funds: that is vital
Great communicator, useful content. Austin, you rock!!!❤👍🙌
Congratulations on your move to GA. Best wishes and looking forward to seeing more helpful vids in 2024!
Thank you. Happy new year
Thanks for another great video! Safe travels!
Happy New Year Austin!
Happy New Year! And congrats! Do a video of your moving process back to Georgia!
Happy New Year& good luck with the move, my man!
My first video of the year!! Happy New Year Austin 🎉
Awesome content for the start of 2024!
Happy New Year 2024 Austin. 💕🤑💕
Best of luck with your move
Thanks Austin! Inspirational as always😊
Thanks!
Feliz Año Nuevo Austin⭐️⭐️⭐️
Excellent video, have a great year😊
Welcome back to GA!
Hello Austin !!! Love your information!!
Love your work ❤❤ Happy Frugal New Year🎉
Thank you for this video. I agree with you about it all.
Feliz Año Nuevo 🥂Austin muchas gracias por tu video 🤗
I've really been enjoying watching your videos. Keep up the good work.
Excellent points you made. Good luck with the move.
Happy New year 🤗💕
Happy New Year Agustin! 🎉
Happy New Year!! So excited for you to move back to GA ❤
Good luck on your move! I can’t wait to see your new video back drop.😊
Really great practical outlook and goals! Thanks
Very wise advice, I thank you so much 💋
Happy healthy prosperous New Year Austin! 🎉🥂🍾🎊
Happy New Year El Agustin!🎉
I kind of force myself to live frugally. I only buy "that cute new outfit", whatever it happens to be on any given day, once or twice a month. I rarely spend money on things I want, cuz Ive found lately that there's not a lot I actually want. Last month, other than holiday related spending, the only thing I bought for myself was some black lip color and some lip gloss. This month, thus far, I just bought a pair of avia leggings. Im not omitting anything from last month. Other than some snacks to eat at work, I bought nothing else I didn't need all month despite the holiday season, and I see this continuing now that I feel way more calm and confident at work. With less spending, I have financial security. With financial security, Im able to be less stressed. With less stress, I can focus more. With more focus, Im more confident in what Im doing and less afraid of losing my job.
When I say "force frugality", I mean I prioritize saving over all else. The thing that I want with my money is supplimental income. So, Im investing in 4 paying companies, of which I reasonably believe are healthy. At the moment, I'm reinvesting those dividends, but the more I save, the more I intend to invest, and hopefully I can permanently retire to part time in the future. By frugality, me and my wife only took one vacation all year. We went to NYC on our 3 year anniversary. That alone was too much money. We do our best to avoid things that could be costly. We don't want a car, we ride the bus. I may get a mo-ped or an ebike, but nothing more. We rarely eat out. The last time we did that was in the city in mid november. With that massive debt gone, I calculated my leftover money. On a job that's barely above my states minimum wage, im expecting to keep at least 400 dollars excess per month. Maybe a lot more. Then add my investments, alone, my capital gains probably make up for between 500 and 1k of my assets.
Thanks to my frugality, low cost of living, loving wife, and the fact that I finished paying off a massive debt, and am working on another, one being $90/m, the other being $297/m, with that $297 debt being officially done, I expect to hit 10k in assets later this year, possibly before my birthday in april. At the start of 2023, I had no money, or assets and tens of thousands in debt, now I have a net worth of $2k. On $8k in assets. Frugality on this massive scale despite being paid $15.3/hr at walmart is only possible cuz my rent is 650 and I split the bill with my wife. We both pay 325. Everything is split 50/50 bill wise, if we both use it. Thanks to this, I have been lucky enough to blow up financially, and I hope that someone may read this and find it useful.
Happy New Year El Augustin! Thanks for the critical spanish lesson.
Love your vids
Happy New year to you and your family El Augustín! 💫🤍
Happy New Year sir! Sometimes I watch your videos and think that it’s more of the same and then boom 💥 the balance argument and showing that with frugality you can buy freedom as you have demonstrated. To a great 2024! 🎉
Happy New Year Austin ! Loved this video, and yes, it is all about balance, which I’m always working on. Hope your move goes well, and so excited for you ! 🎉🎉
Happy new year 🎆
Austin, you are wise beyond your years!! Thank you so much for this timely video. I made a yearly bullet journal and saved a page for my goals and all 12 fit perfectly for my 2024 goals. Good luck with your move and I look forward to seeing you soon.
Great thoughts!
Good luck with the move, happy new Year,
best wishes,, Lisa
Happy new year! Safe travels and take care!!
Awesome video man. Much appreciated 🙏🏾
Happy New Year!
We will miss you in Colorado….best wishes. Keep up your amazing work:)
❤ happy new year Austin
Happy New Year!
Feliz año nuevo para El Agustin!!
love ur show!
Wishing you a wonderful 2024🎉
You are wise beyond your years! Congratulations 😊
Salamat sir Austin 🇵🇭
Happy ny
Love your channel