Frugal minimalism is a lifestyle that focuses on saving where you can and spending only on what adds value to your life. It involves the practice of being frugal, which means living frugally, spending less, buying less, and enjoying new freedom in life. This approach can help individuals pay off their mortgage in five years by finding an affordable home and paying it off in that time.
When purchasing a home, it is essential to find a good realtor who will get you a great deal. Focusing on what you’re saving instead of what you’re making is crucial. Be intentional with money and know your core values and make sure your money decisions align with them.
Practicing frugal minimalism starts with the right mindset. Frugal minimalism involves going green to save green, simplifying your space, and regularly financial check-ins. The beauty of simplicity lies in embracing the one-in, one-out rule, which means living frugally, spending less, buying less, and living a fuller life.
Frugal minimalism can lead to more wealth, time, and a more fulfilling life. By valuing good deals and taking free hand-me-downs, along with a commitment to giving stuff away, one can achieve a frugal lifestyle that is both robust, hearty, and satisfying.
In summary, embracing frugality and minimalism can lead to significant financial savings and a more fulfilling life. By adopting these principles, individuals can create a more fulfilling and fulfilling life, even if they are not a “frugal minimalist”.
📹 What Simple Living & Frugal Minimalism looks like in practice. #FrugalMinimalism #SimpleLiving
This is the why and how of living simply for us.  Hopefully some of these things will resonate for you as well, and will help you …
📹 Why I’m so Frugal | Financial Minimalism & Frugal Living
Why I’m so frugal and spend almost nothing Blog: https://sincerelydenise.com/ #frugalliving #frugallifestyle #savingmoney …
I have taken steps to live more frugally and to simplify my life, but after listing to you, I realize, I could do a lot better! Thank you for the motivation I need to live a more frugal and simplified lifestyle. Per your suggestion, I may host a potluck Christmas gathering…I’ve never done one before. I think it might be a lot of fun!
I retired from work early, i’m only 50 years old because just like you i hate being in an office. I don’t have a lot saved and i will only receive my monthly retirement pension when i’m 60. So for now i rely on my savings and be conscious of my spending. I have a monthly budget and in so doing this i became a minimalist and frugal. i don’t buy anything unless they run out or break, i re-purpose things. This saves me a lot
I’m just an average money earner, I have been in many jobs where I got cheated out on despite working my butts off. I have reached the point where I am okay to earn less and be happy. My happiness consists of simple activities such as perusal movies, gaming, exercise and cooking. All of these hobbies are cheap to maintain. I save so much money without even trying, however people around me don’t understand why I am like this, I always get questioned not why am I so frugal but rather why am I so cheap. I learnt to not explain myself too much anymore and stay content because not everyone will understand or try to understand.
I agree with you about debt. I had a mortgage for many years. Beyond that I have had no debt. It was tough sometimes being single, maintaining a mortgage and a household on my own. Regardless, I tried to only buy what I could pay off monthly. I am not a minimalist. I have an annual budget which I try to stick to. I believe in everything in moderation including moderation. I think it is healthy to splurge on small things that make you happy. I hope you treat yourself every once in a while, even if it is just a coffee or tea.
I definitely align with the peace of mind aspect, Minimalism is connotated to deprivation for some reason but in my opinion its actually the complete opposite! Investing or saving earlier in life really does allow you to have options, I enjoyed listening to the talking points throughout. thank you for the article.
This article is extremely motivating. I have fallen into $10,000 worth of consumer debt. This debt is a combination of financing luxury items and also financing the repairs of my vehicles, because I did not have a savings to make the repairs. As of today, I am about $7,000 away from $0. And I’ll be getting out of that debt pretty soon.
I never get my nails done. I have always done it myself, just keep them clean. Stay healthy and fit doesnt have to cost a lot. The money spent on nails is not worth it IMO. I do go to the hair salon once every 3 months and in my country I pay $30. I do sometimes splurge on electronics because I see it as an investment in my job. Just purchased a new iphone $1200 and ultrawide monitor for $400 … I work online. It’s a splurge but I save a lot on other stuff such as fashion and beauty. That’s how I try to keep a balance 🙂
Completely agree with almost everything here (eg helping you appreciate things and not be so much of a consumer) but genuinely shocked that someone would find a 9-5 job more stressful than owning a business. Business owners work like 12-16 hour days and don’t even get a pension while doing so! But then again I have an average earning job that is genuinely interesting and intellectually challenging so I realise I’m very fortunate
I agree with many of your points, but your tone comes across super judgy and superior. Saying things like ‘this is not normal and you should take a hard look at your finances’ is super rude. Some might say going into stores carrying products around, agonising and then putting them back is ‘not normal’ too, but tbh it’s nobody’s business what anyone else does or does not buy. Being mindful with your spending is great, but it’s also okay to live a little. You can definitely go too far in either direction, and judgement like this doesn’t help anyone. It just creates shame if someone can’t reach your standards. You can always live with less, but everyone has a different comfort level and that’s totally ok.