hey guys it's Tasha and Joseph from one big happy and today we are sharing ten
frugal habits to live by
alright let's talk about frugal habits live by and
these are in no particular order except number one is actually number one number
one define what frugality means to you everyone's definition of frugality will
vary because we're not all in the same place financially or even in the same
life stage so it might be frugal for a cup of retired couple to travel the
world versus a young couple who just got married fresh out of college with a
whole bunch of student loan debt may not be so frugal for them and so if you are
looking for a community that is without all that money judgment and it's
perfectly accepting of someone who likes to buy their bags from the thrift store
and someone who'd for them frugality means buying a Michael Kors bag instead
of a Louis Vuitton bag this is your place because we don't judge we are just
here to help and support each other along the path to financial independence
and encourage you to be as frugal as you need to be to accomplish your financial
goals number two pay yourself first now this
means focus on savings first get your important priorities your future
financial wealth building get that covered immediately and keep that
separate so you don't even touch it and that works itself out you invest
that it grows over time and you don't have to worry about it yeah you guys
know we're huge fans of paying yourself first even if it's a little bit over a
long period of time it took us five years to save our first hundred thousand
dollars because we were just saving tiny tiny amounts hey did you remember to
subscribe hit the subscribe button it's like right over there somewhere
way over there and there's a bell you want to hit that too. it won't ding but
it'll give you notifications but those tiny amounts added up over
time and less than two years later we had our second 200,000 and then we hit
240 today so hopefully we'll hit 250 by the end of the year but it's just like
it snowballs so the earlier you start the better
number 3 think long term this is so important because the goal here is not
oh can i buy this fancy car next year really the ultimate goal is to have
wealth for your family for your retirement over the course of your life
and so if you sacrifice some short-term oh I got this fancy thing or this does
neat new gadget and it sacrifices the bigger picture the years of enjoyment of
financial independence and freedom with your family then something went wrong
there so do not lose sight of that long-term picture and when you think
about that how could you ever possibly make a short-term decision that would
hurt that and if you need some additional guidance on the path to get
from where you are now to where you want to be eventually which is the seven
steps to financial freedom we did a video on that so check it out number
four eliminate waste that means eat all your food don't let it go bad that's why
when we meal prep we prioritize recipes that will allow us to freeze stuff
because we know if it's frozen it's not going to go bad we just take it out of
the freezer when we need it and we reheat it your produce when you buy your
produce use up all of your produce I mean I think Americans waste what tons
and tons hundreds of dollars in food every year so don't waste save yourself
money well and beyond just food I mean they're gonna be a number of things that
maybe you identify that oh you don't really have to buy them because those
things are wasteful to you and that's fine too
we also talked about that oh okay number five try to have a minimum seven
day cooling off period before you buy something I would say unusual not just
necessarily expensive but just unusual if it's expensive 30 days is ideal but
at least seven because if it's a whimsical oh I just this thing is so
cool I'm gonna get it well that will pass in a week and then you'll think you
know I'm really glad that I didn't get that it is very rare for me to ever
regret not spending money yeah I think we've been wanting a drone for quite a
while like ever since we started this YouTube channel and watching other
people with the drones. We're like oh the drone but we have resisted the urge
maybe next year we'll see how things go but it's so it's gonna be more like a
six month to one year cooling-off period among the drone which if you saw my
video I lifted my camera like it was a drone just for fun. so on that note
number six keep a prioritized list of things that you want to buy
so that means ordering them in from most important to least important because
that will help prepare you when the deals come along for you to go ahead and
snatch them up and of course you can also then start budgeting for them
because you know that you want them you know approximately what they're going to
cost so then you can start planning for it so that you can either pay cash for
them or use your credit card with rewards and then pay that off
immediately so that you're not paying any interest but you're getting the free
money from your credit card company the reason you want it prioritized is to
help you you are not gonna be able to remember a big long list that's all
mixed up when you're looking for a great deal you're only gonna be able to think
of the top things and so that just makes it easier for you and at the end of the
day like one of my favorite bloggers Paula plant Pant says you can afford
anything but you can't afford everything so this makes sure that you get the
anything that's the most important to you number seven avoid deals and ads
that have great deals on them until you need them so this means if all you get
those circulars and emails that from websites that we've all signed up on
yeah go ahead and keep those in your spam folder until you identify the need
so when you say this is definitely the thing that I'm going
to buy then the hunt starts that's when you start going through the circle
circulators but only for that thing and then you won't get distracted by all
this other stuff that could make you kind of murky on your priorities just
for a little bit but know your true goal and then hunt for that deal
number eight buy quality instead of quantity so you guys saw examples of
this in my minimalist capsule wardrobe if you've seen it and so I don't have
that many items of clothing that's my preference but the items of clothing I
do own are high quality items and that goes down to even my bras so I have
never talked about this on the channel before so my bras are actually
relatively expensive most of them cost sixty to seventy dollars for one reason
it's because you know they have a lot to support and the support is important and
I have just found that lower priced bras they they wear out very quickly so I
actually only rotate three bras and they'll last me for well over a year
without any problem and that's with regular weekly use, heavy duty, use so
quality over quantity and I just realized we're talking about this now.
That's ok we're like family
number nine find joy at home now this means doing things with your family that
are you know building closeness and those personal friendships with your
family and you guys know that you see that in our vlogs where we're doing
things around the house and having fun the fall leaves vlog the Halloween vlog
we one thing you don't know we like to play video games together this is
Rayman legends and we've had hours and hours
and hours of family fun with this we've also played Diablo World of Warcraft and
that's me Joseph and Alexis reeves is still too young obviously and were huge
board game aficionados and we will do a video on our favorite board
games like our top 10 because we actually have a good number but we're
just gonna share a couple with you so risk legacy this one is lots of fun
and these are family games things that we played with Alexis - and this one is
Alexis this personal favorite scattegories I think this is a joint
family favorite Dominion and I think we have like I don't know that's conscious
favorite we like it but but it's not the favorite I don't know
that I have a really strong favorite game but I like a number of them number
10 use a credit card with good rewards
there is absolutely no reason that your credit card should not be giving you
something extra because they make money every time you use that card you ought
to get a discount every time you use that card too and so everything should be
at least giving you back 1% hopefully more alright that is it guys 10 frugal
habits to live by save money build wealth live life on your own terms so
we'll see you guys next time