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Cutting Everything From Your Budget is Not The Answer: Extreme Frugality

  Рет қаралды 2,730

Centsible Living With Money Mom

Centsible Living With Money Mom

Күн бұрын

Пікірлер: 100
@larmstrong2302
@larmstrong2302 9 күн бұрын
I like being frugal, but if I really want something, I'm going to get it. No remorse. I'm frugal so that I can get what I want when I want it, but it's not that often, really. 🙂
@tammy9964
@tammy9964 9 күн бұрын
I am with you on that 😀
@3TXSisters
@3TXSisters 9 күн бұрын
I do the same.
@laundrygoddess4
@laundrygoddess4 9 күн бұрын
I'm frugal but not cheap. The difference is huge
@3TXSisters
@3TXSisters 9 күн бұрын
@@laundrygoddess4 Absolutely!
@cocomuhly
@cocomuhly 9 күн бұрын
“The past is gone, we’re moving on.” Love it!
@Chnacatsnflr
@Chnacatsnflr 9 күн бұрын
I know people who practiced extreme frugality to achieve a magnificent outcome, like paying cash for a home, retiring early, long term travel. I know dedicated hikers who saved for a year, quit their jobs to hike from Mexico to Canada on the Pacific Crest Trail. We all know about individualists who lived in "poverty", but willed millions to charities. My husband and I went to college on the GI Bill. We chose not to work because we wanted to attend school full time. The result? Two degrees, debt free. It was hard, but we would have gladly sacrificed new pajamas and candles. For us, fulfillment didn't come from buying. I think it's all about delayed gratification with a sense of a higher purpose.
@christines2787
@christines2787 9 күн бұрын
@Chnacatsnflr - Delayed gratification is a skill that everyone can use. Its a hard one to learn when older. Its something we should be teaching kids. Not deprivation, but that rewards like greater appreciation of what they gain.
@gmh56
@gmh56 9 күн бұрын
Best advice: you do you, I'll do me. Extreme frugality has it's place when one wants to jump start debt repayment and when building savings. Otherwise, it's all about moderation, and planning on spending for items other than necessities. 👍
@barbaraparker6996
@barbaraparker6996 9 күн бұрын
I have been giving my sister advise about fugal living and the need to put herself on a budget for yrs. It goes in one ear and out the other. Now she's broke and tries to make me and our younger sister feel guilty because we aren't broke.
@Smooshes786
@Smooshes786 9 күн бұрын
I answer mine (who is similar to yours) with, when you were in Cabo, I was buying my little house, then I sing “choices”. And I change the subject. It’s on her.
@barbaraparker6996
@barbaraparker6996 9 күн бұрын
@Smooshes786 You are so right. Thank goodness she doesn't live close to me. She would drive me nuts. People tell me l'm so lucky to have 2 sisters all of us around the same age. I tell them that's not always a good thing. Lol
@M_SC
@M_SC 9 күн бұрын
You’ve accidentally been making it worse. Now she can’t be frugal without having to do YOUR thing and make it about admitting she was wrong and you were right. Instead of just doing something different
@barbaraparker6996
@barbaraparker6996 9 күн бұрын
@@M_SC oh, she admitted she was wrong, each time she blew thru each of her 7 big windfalls in her lifetime she has called crying that she's broke and has no idea what she spent it on. And how she wished she had saved most of it like l suggested. After the 7th time is when l suggested a stricter budget and watching her spending more carefully.
@cjhoward409
@cjhoward409 9 күн бұрын
@@Smooshes786 My friend was always bragging about all the trips she and her hubby were taking and all the things they were buying… all on credit. And I tried to warn her to scale back because they would eventually outspend their income. Well, a few months ago she was crying to me saying how they had to cut back on EVERYTHING so they don’t lose their house. And I said, when you were taking that second cruise within a year, I was working in my garden and harvesting foods for the Fall and winter. (And I enjoy gardening). She said “I know I know “. I never said to her , I told ya so, but I wanted to. I think she could read my mind
@cjhoward409
@cjhoward409 9 күн бұрын
I save throughout the year so I can have fun during Christmas ! And other times too. But I save in a lot of areas so we can splurge and have fun in some other areas.
@3TXSisters
@3TXSisters 9 күн бұрын
I do the same.
@TheRealAngelGrace
@TheRealAngelGrace 9 күн бұрын
I love this so much. It's all about balance and what works for you.
@Chnacatsnflr
@Chnacatsnflr 9 күн бұрын
Dave Ramsey: "Live like no one else, so later you can live like no one else".
@3TXSisters
@3TXSisters 9 күн бұрын
Wise!
@pennynickels5216
@pennynickels5216 9 күн бұрын
Amen!!!
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 8 күн бұрын
Love it
@DS-mw8yu
@DS-mw8yu 9 күн бұрын
Being frugal is a lifestyle to being able to afford! Saving money through being frugal helps when you do want to buy something. Keeping things like consumerism, throwing money away. I just watched a documentary on consumerism and its an eye opener. Peoples wants and buying patterns and how it seriously is the new down fall of society. Landfills overflowing, online purchasing exploding, quick fashion, returns going back to major retailers and sent straight to landfill. Its a real scary thought. We create our own inflation, you cant blame the government. Someone has to pay for a disposable society! You have to work on it from within your own four walls. Frugal living gives us the freedom to buy quality items, think before we click the buy button. Watch for sales, thrift shop, eliminating selection in your life. Thats a tough one for a lot of people! Ive lived this from all sides, young and reckless with money, the keeping up with the Joness' phase, the just got to have because ill never get the chance, to now being frugal and a minimalist. Ive enjoyed it all but i find this current lifestyle the most rewarding!
@LaManteca76
@LaManteca76 9 күн бұрын
Do you remember the name of the documentary? I'd like to see it. It sounds interesting. 😀
@DS-mw8yu
@DS-mw8yu 9 күн бұрын
​@LaManteca76 yes it was called "Buy Now" its a netflix production but it can be found for free on other download sites, it is an eye-opener
@pennynickels5216
@pennynickels5216 9 күн бұрын
​@@LaManteca76 Me too!
@Smooshes786
@Smooshes786 9 күн бұрын
Totally agree! We are mindful with our shopping with regular, needed, purchases. Yesterday, I sent a pic of a sweater for Mum to be picked up, cashmere/wool/good construction. It’s pricey, it’s going under the tree. She will love it and use it for years!
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
Thanks for sharing!!
@3TXSisters
@3TXSisters 9 күн бұрын
I like to buy quality clothing for my mother, too.
@Smooshes786
@Smooshes786 9 күн бұрын
@@3TXSisters they are SO worthy of all the good things ♥️
@virginiamaciuleviciene606
@virginiamaciuleviciene606 9 күн бұрын
I love cashmere wool sweaters: they are light and warm, and if you follow the cleaning instructions, they last for years. I bought one this year for my sister.
@3TXSisters
@3TXSisters 9 күн бұрын
@@Smooshes786 Yes!
@SmilingBeaver-ou7nc
@SmilingBeaver-ou7nc 9 күн бұрын
Do You, and don't worry about what other's spend their money on.Thats great advice Dawn. Happy Thursday Everyone 💜
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
You too!!
@3TXSisters
@3TXSisters 9 күн бұрын
Happy Thursday! 🎄☃️🎄
@reviewsbygen5591
@reviewsbygen5591 9 күн бұрын
I feel like I’m kind of like this. Our expenses as a family of 6 are $4000 on a high month. I’m sometimes afraid to spend because I have a scarcity mindset after experiencing homelessness and severe financial abuse my close family members. I was scammed out of 6000 euros by my brother in law and sister, who got away with it because my parents preferred them over me (they had money and helped my parents). I had also no money to sue them as they took everything I had. Traumas like that often make you afraid of everything and make you feel like tomorrow everything could be taken away. So I’m always preparing for the worst. I also don’t trust many people after what was done to me and 0 support from even my parents. The best day of my life was when I married my American husband and got away from my native country.
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
I do understand
@3TXSisters
@3TXSisters 9 күн бұрын
@@reviewsbygen5591 I'm so sorry that happened to you! I'm glad you married someone dependable. You chose to go on with your life, so you're the winner.
@pennynickels5216
@pennynickels5216 9 күн бұрын
I've always been frugal and am grateful, and better off, for it. I FINALLY splurged on a cashmere hat and scarf! 💛💛💛
@3TXSisters
@3TXSisters 9 күн бұрын
@@pennynickels5216 Nice and warm!
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 8 күн бұрын
How lovely
@tericollier7839
@tericollier7839 9 күн бұрын
Balance is the magic word. Life is too short to not treat oneself every now and then, if it's within budget. If you really want something out of budget then find a way to increase income so that it becomes more affordable. Or simply save up enough cash to eventually buy it, without suffering buyers remorse.
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
Absolutely!
@3TXSisters
@3TXSisters 9 күн бұрын
@@tericollier7839 Oh, yes!
@violetsinspring5863
@violetsinspring5863 9 күн бұрын
Great message, Dawn! I totally agree.
@Bitbit3427
@Bitbit3427 9 күн бұрын
I went shopping today and I brought me Christmas present cause it the one ones I get. It was what I needed new pillows for my bed and new house shoes. I will use them. Merry Christmas to me ! 🎄🎄🎄🎄🎄🎄Merry Christmas to you also🎄🎄🎄🎄❤❤❤❤🫶🏻
@3TXSisters
@3TXSisters 9 күн бұрын
@@Bitbit3427 A very Merry Christmas to you! ☃️🎄☃️
@cindynok
@cindynok 9 күн бұрын
I think the best message is that “if you have the extra funds and buy with control that is a personal choice”.
@M_SC
@M_SC 9 күн бұрын
*valid personal choice. Bad choices are personal choices too
@cindynok
@cindynok 9 күн бұрын
@ 👍
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
I agree
@aridamenendez1247
@aridamenendez1247 9 күн бұрын
Great video Dawn.
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
Thank you!
@cynthia216
@cynthia216 8 күн бұрын
I just turned 65 and now have a lil extra.I got a GIC and TFSA to sock a lil away.I just want to enjoy life without guilt.🇨🇦🙋‍♀️
@gymarsh1235
@gymarsh1235 7 сағат бұрын
I try to be frugal about everything that matters to me, it's not just saving money but that is the natural consequence. I'm frugal about how much sugar I consume, it saves a lot on health - how much plastic I bring into the house - I bought a soda stream years ago that saves a lot because you reuse the same bottles so plastic bottles going to recycling or waste, same with other grocery items. Buying pre-loved when possible. Thinking about frugality when it comes to waste and health makes the challenge more fun and really gets you thinking about alternatives that do save a lot.
@conniecierpiot2687
@conniecierpiot2687 9 күн бұрын
Great message my friend.
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
Thanks for watching!
@ChristmasCarols2-l2i
@ChristmasCarols2-l2i 9 күн бұрын
Awesome video!!!!!
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
I'm glad you liked it!
@Stalwart-zy3oo
@Stalwart-zy3oo 9 күн бұрын
At age75, I am doing more mindful shopping. It is, in my opinion only, a ‘social event’ to shop on Black Friday. It’s fun to get out in crowds, see store decorations, be a part of the festivities. I think ahead at age 75 that in 1-2 years these things go to a Thrift store! I haven’t shopped in Black Friday since about 2016. My choice. I enjoy holiday music events, meeting with friends at a coffee shop, calling family/friends to visit. No gift exchange. We ‘all’ at this age downsizing. It’s a hot topic either my group of Seniors. So is this ‘balance’ or ‘common-sense’? I think in my situation it is the latter. Enjoy your holidays! If shopping fills a need, do it. For me, I am content with ‘things’ I already own. Don’t need more items.
@kerryjames6312
@kerryjames6312 9 күн бұрын
Dawn I received a 50 grocery voucher and seventy dollars worth of groceries for Christmas for free
@jonnaborosky8836
@jonnaborosky8836 9 күн бұрын
Good perspective..
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
Thank you!
@TheLongRunwithJoelandChristy
@TheLongRunwithJoelandChristy 9 күн бұрын
Amen 🙏
@ceciliaperales8466
@ceciliaperales8466 9 күн бұрын
I know I can improve when shopping, but I truly believe that a balanced life is the best . 🎄
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
It is a balance!
@3TXSisters
@3TXSisters 9 күн бұрын
True! ❤
@TUKByV1
@TUKByV1 9 күн бұрын
Learn to recognize the point of diminishing returns.
@brendahere
@brendahere 9 күн бұрын
I believe there are 4 frugals. Frugal cheap, frugal practical, frugal fun and i hate to say it, but frugal jerk. There is a time, a reason for the first 3. You should never be the 4th.
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
That is a great way to describe the different types of frugality!
@3TXSisters
@3TXSisters 9 күн бұрын
Love it!
@virginiamaciuleviciene606
@virginiamaciuleviciene606 9 күн бұрын
Awesome!
@pennynickels5216
@pennynickels5216 9 күн бұрын
Excellent!
@Chutney1luv
@Chutney1luv 9 күн бұрын
Dawn you are absolutely right! It's all about checks and balances! But, balance and enjoying life is the best advice! 👌 We can leave the past in the past, by carrying the cash, like you said, Dawn! We can't change our past decisions. We can regroup and make great decisions next time! My frugul habits affords me to get what I want and enjoy life! 😅 By the way the Dow went down twice in two days so check the interest on your Credit cards! It should be lower!
@kerryjames6312
@kerryjames6312 9 күн бұрын
Hi lovely❤ my 27 year old daughter ended up packing most of her clothes and going third day with her husband ❤❤
@pattycake8272
@pattycake8272 9 күн бұрын
I go by how it made me feel, if it made me feel guilty lets say, i will try not to do that again. I can now go to an antique store or any shop and if i walk out with nothing I'm okay. That goes for rummage sales too, sometimes i like one or two things that they have in a free box and thats all i get. My boyfriend knows the town real well and so we are not driving and trying to find the house which is a plus for me because im not good at directions and house numbers.
@colleenbrown3366
@colleenbrown3366 8 күн бұрын
👌
@annmallozzi681
@annmallozzi681 9 күн бұрын
Very "Centsible" information.
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
I’m glad you enjoyed it!
@3TXSisters
@3TXSisters 9 күн бұрын
😄😄😄
@rickinmo6837
@rickinmo6837 8 күн бұрын
❤❤❤❤❤❤
@elizabethteeter6284
@elizabethteeter6284 9 күн бұрын
Not doing Christmas this year can't afford it had to have emergency hysterectomy was hemridged bad so it was race to emergency surgery can't afford anything for anyone wish could
@M_SC
@M_SC 9 күн бұрын
Sending healing thoughts
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
I am so sorry 😞
@pamelalyon3264
@pamelalyon3264 9 күн бұрын
The best thing you can afford is time to spend with people you care about. Most of the people I know don't want things.
@sjbutler2330
@sjbutler2330 9 күн бұрын
So very sorry, been there and had the same thing happen to me before. Wishing all goes well! 🤗
@3TXSisters
@3TXSisters 9 күн бұрын
Everyone who is close to you is grateful you're alive! Rest and heal. That's the best present you can give everyone!
@christines2787
@christines2787 9 күн бұрын
Not fitting in with the frugal lifestyle... Who cares? Why try to fit in somebody elses box? I eat, cook, shop determined by my own income, and determine my current and future needs. Thats my box. And guilt is a waste of time. If i screw up, i learn from it and change it for next time. Life is short. I intend to enjoy every moment. That doesnt mean I dont budget or take care of my body. For me, It means i eat good healthy food I enjoy and exercise in enjoyable ways. For me it means i dont waste valuable time sitting still while watching endless hours of TV or going through drive thru to eat substandard food. It means my money goes to books, boardgames, seeds and things that bring value. I think everyone needs to find what truly makes them happy and then spend time doing those things and not worrying about what others think. Live life like your life depends on it.
@CentsibleLivingWithMoneyMom
@CentsibleLivingWithMoneyMom 9 күн бұрын
That is a great way to look at things!
@3TXSisters
@3TXSisters 9 күн бұрын
I like " live life like your life depends on it." Truer words were never spoken.
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