In the US, the average new car costs $40K. As soon as you drive it off the lot it depreciates. Buy a good used car let the first person pay for the depreciation. I saved and paid my house off 12 years early because I bought a house that was less than I could afford. This allowed me to retire at 58. Please listen to Jane.
@@lray7421 if you calculate this number by average of the alll american cars, then yes. But we are talking about average American people. Do you see a lot Americans driving 40k car? Doubt it..
I am now retired, but was a single Mom of 2 boys for many years on a low income. I always told my boys that I've been broke but I've never been poor. Poor is a state of mind.
Lol. Living in America and being older means that your employer most likely would not hire you with benefits, and your health insurance will be thousands of $ and will not cover anything. You can save and live frugally, but one surgery will put you in the poor house, and your future wages will be garnished to the end of your life. Healthcare in America is the main reason for bankruptcy. You can't save millions just to pay for unexpected health emergency, and good insurance can run you $30k/ year if you're older per person. You're not low or even middle income if you can afford it.
I lived with a no budget husband who has passed. Living extremely frugally for a couple years and gaining financial stability, I keep my budget on a spreadsheet, every expense in its category and instantly giving the amount remaining at the bottom of the category column. A good discipline. However, I’ve also had to give myself permission to buy a piece of clothing, reminding myself that the money is there in that category. That it’s OK! I live nicely on a low income with financial freedom, which is priceless.
I feel for you Judy my late husband was just the same. If we had extra money in the budget that he didn’t know about I kept quiet and didn’t tell him. Sometimes I felt like I was being sly but it was the only way I could manage to top up the saving. I too am living on a budget and although I am on much less income I am much richer because I live by my budget and keep a tight handle on my spending. Don’t get me wrong I still have a small personal allowance that I can spend on anything I wish without feeling guilty. The peace of mind that the budget and my savings bring me are with the frugal cuts I make day on day. Good luck with your financal secure future.
Pandemic living has shown my household that ordering groceries online for free parking lot pickup saves money overall as we are never tempted by sights and smells of food we can’t afford.
I use Shipt. There is a one time fee of $39 for a year, and then as long as your order is over $35 there is no delivery charge fir a year. They bring your groceries right to your front porch. I think that’s a pretty good deal.
Yes! That's been my huge time and money saver too. I pick up when I'm in that area bringing a child to her sports which saves me an entirely separate trip and gas money. It's well worth the $3 fee.
I was using the curbside pickup quite a bit for groceries but I found that I was spending just as much time on the website as I was in the store. I can't say that I save money but it's possible. However the free pickup necessitates spending usually $35 and if I only want to spend $20 then I have to go to the store myself, or pay a fee which I would not want to do to pick up groceries.
I haven't left my home in two years and I'm still not bored. lol As an artist, I'm into visuals and decor is very important to me. I'm inspired by my surroundings and with a little bit of imagination and ingenuity, a poor person can live rich.
I hear you. My little apartment in my sister's house has exactly what I want. I am an artist as well. I get very nice or expensive items at great prices. Got a pendant light for the kitchen that was over $400 originaly for $40. Does not require a light bulb. I got beautiful tiles from Mexico for 73 cents or so each for counters. Have an eye so price is not what matters. I make disability money which is low but get paid sometimes for using coupon deals that pay you bacl for household basics. Know how to cook very well so inexpensive to make gourmet food too
@@Cg12559 I have an eye for things too. I'll spot something that other people pass up knowing I can turn it into a work of art. People walk into my place and they are blown away. My landlord was so impressed she raised my rent. It has it's drawbacks too. lol She said "I wish my place looked like yours." I knew that rent increase was coming. lol My feeling is everyone can live rich even if they are poor if they want to. It just takes some imagination. I'm into cooking too and I would also consider myself a gourmet cook. I was rather good even before the pandemic but now I'm proficient in just about every kind of cuisine. I used to love dining out but at this point, I don't think I'll ever dine out again, maybe because I'm a bit of a germaphobe. The virus kind of turned me off to dining out. It sounds like we have a lot of things in common:-)
Long ago I began to work on a partly perennial food garden. I have a plum tree, an apple tree, rhubarb, strawberries, raspberries, blueberries, asparagus and a variety of herbs. I save seed each year so always have beans, peas, parsley, spinach, lettuce…. You get it. Some plants are volunteers. I have some nice potatoes which I didn’t plant. You get the idea. This year I re-did the raspberry bed as it was full of roots from surrounding trees. It was completely dug out and new soil and compost put in. I trimmed my existing plants and had enough to re-do the bed and donate some to a local plant sale. Make friends with gardeners. Most are willing to share cuttings..
@@cajunthibs My garden is very shady so it's not always as good as I like. However, I was outside today in the November rain and had a nice handful of raspberries. Lately it has been apple time so I have been dehydrating them, sliced thinly with a sprinkling of sugar and cinnamon. There isn't always a lot of food but there's always something. Now it's time to enjoy more kale and brussels sprouts.
I do this too! I donate 10% a year and keep it in my community to avoid high administration costs at big charities. I hand out a lot of grocery gift cards to elders and partner with a cleaning company for people going through fire, bereavement and illness. Look around, time is also a donation, and most communities run on volunteers and good Samaritans.
I have not owned a car for several years and instead take public transportation. I plan where I live based on the availability of public transportation and put a high premium on being able to walk to grocery stores and shopping errands. I know it seems strange to many people to be a professional woman with no car, but as I see it my benefits are threefold - I save money, stay fit and help the environment. Great video! I will use your suggestions.
We got tired of paying an extra $100 per month for 150 channels we didn't watch (most were advertising) from our TV provider. We have a streaming service and use antenna and have saved ourselves $100 per month. That is $1,200 a year and we don't miss it at all. During covid I started cutting my husband's hair and trimming my own. Not to mention grooming my yorkie. That is another $100.00 a month. We don't feel deprived and live very well on our retirement income.
I just bought my first new car, and it's saving me money. No more repairs, it's very fuel efficient and no towing fees. I will keep it until it's life is over.
Brilliant tips Jane, I live completely debt free (and I just turned 50) and we paid off our mortgage as quickly as we could. We stick to our budget, and we also trim and revisit the budget weekly. To live debt free makes me feel very rich, very proud and we live an amazing life! People might look at our home and make assumptions that we are hobby frugalist, NO I worked very, very hard to be in this position and while they were out getting their hair done, going on expensive holidays, dining out and drinking lots and wearing fancy clothes, looking like a "would be if they could be" with fancy bags, shoes, gym membership, nails done etc I was going without, and I was charity shopping and eating and cooking my meals from scratch and not having fancy holidays. I worked as a cleaner on the side to make extra money, I used everything up and reused. I didn't upgrade things around my home and I made my home look and feel very homely on very little. The big tip Jane was don't let it drip.....I think your tips and advise are absolutely on point and very helpful for so many people THANK YOU for sharing your advise.
I love that phrase hobby frugalists. People might think that about anyone who has a paid up lifestyle and frugal means something different to everyone. Good for you and thanks for sharing.
It's amazing how much money you can save by shopping from you freezer, pantry and fridge, also using all frozen leftovers that you have .been 2weeks since ive gone to the grocery store! Yay!!!
When shopping for meats, I buy only those that are on sale...or those at the lowest cost . From there, I come up with meal plans. It's a challenge sometimes, but it's working for us.
@@geekmega7527 Lisa was talking about meat that’s being sold on a sale price or special offer. BTW, I don’t stand for snobbery on this channel. If you don’t like what you hear or read, then just move on. Thanks for watching.
We have stopped actively budgeting recently. Modest spending has become second nature to us over time (we are in our early 40ies, no kids, but just one income), as a result we are saving about one third of my income without much of an efford, and when the home is paid off next year, that will shoot up to around 50%. This feels incredible tbh.
When I moved to Portland OR I parked my car for a month to see if I could live without it. After the first two weeks, I never thought of it again. That was in 2008 and just that one move allowed me to pay off all my debt and buy a small home. I know it's not for everyone but riding my bike has been wonderful. When the weather is truly bad I either take public transit or catch a Lyft ride.
Great video. We can always trim here and there. I bought a second hand car 20 years ago and am still driving it. I regularly have it serviced and keep it clean. Sometimes people tease me about it but I mention with a sweet smile that I haven't had a car payment in all those years!
Brilliant content, as always. A tip for parents re pester power. When my kids asked me for things when we were shopping I always said, "I'll put it on the wish list and if you still want it at birthday/Christmas time, we'll get it then." I would then write it down in a little note book I kept just for this purpose. I never had problems with children begging for things or having tantrums at the shops. When they were old enough for pocket money they were able to save for things they wanted or put a lay-by (lay-away) on a book from the book shop. My other rule was that 50% of any birthday money or money from part-time jobs MUST be saved, no exceptions. Doing this, my daughter was able to buy an excellent used car with cash and my son saved enough to get himself to Germany (from Australia) for an exchange program to improve his German. Of course they sometimes succumb to temptations as young adults, but they also have maintained good planning and savings habits. The bottom line is, parents need to lead by example and say 'no' when necessary. This is a long-term gift to your kids that will keep giving for the rest of their lives.
Pester power was banned for my children in the 80s /90s and is banned for my grandson now! I believe in teaching them to budget from their 5th birthday onwards. On that day, they each got the first a small weekly pocket money and had to make it through to the next week with absolutely not a penny more. They learn fast that the bank of mummy/grandma doesn't allow an overdraft facility and that putting 25% by this week will give them either a little to put into their savings accounts or a little extra to spend the next week.
I think parents should charge their children rent once they are adults too, so when they do move out, they have a better understanding of costs and financial responsibilities. You can save it for their wedding or other big thing if you wish and can afford to do so, just don’t give them a free ride, it doesn’t do them and service.
As someone who struggles with this I really needed advice but I always feel that I’m being told off or patronised - not in this case ! Straight forward realistic useful information delivered in a friendly matter of fact way. Thankyou 💐
I'm rewatching a lot of your videos as you're the best frugal youtuber out there and I need the inspiration. As a frugal Christmas present to you I'm letting the ads run. Thank you for all the effort you and Mike put in to making these videos. They are extremely helpful 🥰
When I was widowed and sold my family house I wanted to stay in the same area, a small market town in what is considered a good area so to do this I needed to down size, I bought a smaller property that needed updating. I allocated a budget to do the updating and put a chunk of the money I go from my house sale into long term saving to give me financal security. This has allowed me to live on a much smaller income, and live well below my income. A win win situation for me. Wish I had been able to do this years ago. It has been liberating.
Garden. Keep chickens. Mend clothes. Learn basic car maintenance. Learn basic house maintenance, like fixing a leaky tap. Don’t dye your hair. Do your own nails. Make your own laundry soap. Turn off everything at night… leave nothing on, such as the telly because it sucks power all night long. Get a woodburning stove. Get a crockpot. Learn to can, pressure can, dry and preserve fruit and veg. Never ever ever use a restaurant. (Well maybe once or twice a year.) Keep your pets clean, trimmed by yourself. Use cash… it hurts more to pay cash than use a card. Get a bicycle.
Yesterday I finally made the decision that I am going to retire early at 55 when I can take my full NHS pension - I am already frugal but this video was perfect timing for me - I am going to spend the next 5 years trimming my budget so that I can get used to living on a reduced income. The 5% reduction is a great idea, and so are the sinking funds for known outgoings - I currently lease my car which I can currently afford but I agree that it is an expensive way to have a car. I’m going to start saving now so that I can buy a used but fairly new car outright when I retire. This video has reminded me that it is possible to retire early - I’ve just got to plan ahead and remember my why - I just want a simple, less stressful life xx
I retired at 57 and oh! so lovely to enjoy sunny afternoons, time to bake, cook, sew, knit, read, garden, dog walk. The days fill doing what I want to do and enjoying the simplicity and calm. Turns out I need spend very little to enjoy my leisure.
I've just found your channel and I'm binge-watching all of your videos. I have already found myself a notebook and have started budgeting everything, thank you so much for all your hard work, you are truly helping people. No more head in the sand for me!
We are also frugal early retirees and live in Australia. When we had our first mortgage in the 90s, money was really tight. The grocery budget meant shopping once a week only and I would round up the cost of every item and stop shopping once the budget had been used up. At the checkout, it always cost a little less so I could buy one treat.
Excellent advice. I am nearing the end of my full-time working life and am saving like mad. I put away funds each month before payiing anything else. I know exactly how much I spend each month. My children are grown up so I have only myself to keep afloat each month. I find spending as little as possible a fun game!
We had a slow drip in our faucet, so I would put a gladd under it & when the glass would fill up with water, i would water one of my plants, I would rotate my plants & by the time I came back to plant # 1, it was ready to be watered again. When my husband finally got around to fixing our faucet, i actually missed using my dripping faucet method to watering my plants. Now I have to make a conscious effort & remember to water them.
In the summer, I save the water from the washing up to water the plants outside. We also have a water butt collecting rainwater from the garage. Whilst on water, perhaps a soakaway drainage system in your garden would save on your water bills. (You manage the rainwater running off your property). Need to research as not all properties are suitable, perhaps your water utility supplier can advise but we save a lot of money on this.
New subscriber here from the US. The main things I have done recently to trim was to: Stop going to thrift stores. Only put 8 to 10 gallons of gas in my car no matter the cost. I am in a customer oriented career, so decided to buy selections of clothing that function as a uniform of sorts, with changes of earrings, shoes, jackets and handbags (all of which I already own) to create different looks. Thanks for your tips!
Absolutely love these tips. My partner and I do what we call "weekly budget meeting" where we sit with our spreadsheet and tally up the outgoings and always keep an eye on our finances. After we've been paid we always know what is coming out and how much we have left. We instantly put our savings away so we don't touch it. We also give ourselves a discretionary fund each so we can have the odd treat, drink with a friend, piece of clothing or book. I must admit we do not have a sinking fund. Instead we use the savings for broken white goods, vet bills etc , but I love the idea so I shall be bring this up in our "weekly budget meeting" this week.
Really enjoyed this video, Jane! Good common sense and all of the things we do now. It wasn't always that way for us when we worked. All I can say is that maybe we felt privileged to blow our money because we had it, eating out, buying new vehicles, dripping money everywhere. We are now debt free except for the mortgage and both retired. I have a set Federal annuity, social security annuity, and husband has social security. We also have a TSP fund (like a 401K) that we can use if we need extra money in the future. I have saved so much money in retirement by being frugal, that we should pay off the mortgage in 7 years. My only regret is that I didn't start a budget and sinking funds when we were younger. By having a budget, we can still indulge the grand kids and can take day trips. We are not a travel afar couple, so this suits us. Thank you for your wonderful videos!
Hiya, I save money by having a stock cupboard style pantry. So, when I have money I will buy 2 cans of mixed beans one week rather than just the one I need for that week's meal plan. Then when times get really hard I have both my HM ready meals in the freezer + my pantry to shop from. Thank you for 5% tip. I'm just off to read my meter right now. I'll let you know in a fortnight if I manage to reduce it by 5% in the subsequent week. No heating on until October so this little challenge has come just at the right time. Thank you
Oh Jane, this was such a forthright and informative video, I've be reevaluating my finances as my husband died at the end of May and I know I can do it no problem, providing I'm sensible. I've got an unexpected free afternoon and am going to put all your ideas down on paper and work my budget out. Some of these things I do. Thank you so so much there is still more i can do.
New to your channel and I can't wait for more content! I love this way of life. As a 33 year old, I'm debt free (no mortgage or car payment, it's an old truck that still works fine at 85k miles as long as I keep up maintenance and I bought my grandmother's house for $25k) and have only 2 low paid off credit cards every month. My bills are very minimal too since all there is is utilities and insurance, but that will change when I retire - then I will have none when I live in my sprinter van! :) Off to binge the rest of your channel. ♥ Thank you. Also came here from She's Drinking Coffee channel. Kate mentioned you and I was curious. Glad I came. ♥
Im a new sub to this channel. It’s funny that you mentioned Kate, I’ve been watching her for years but I haven’t watched her since she came back to RUclips recently. This channel here was just in my recommended list so here I am!
Greetings! Thank you for this video! I really needed this right now! I love the “ Don’t Drip”! I am so happy I found your channel through She’s Drinking Coffee channel. To save money, I do my laundry at night and hang it out in the morning. Also run my dishwasher at night. We also use oil lamps at night, and no TV on.
Speaking of "trimming," during the pandemic last year, it was too inconvenient to make an appointment with my hairdresser for a simple straight trim [not to mention, costly], because I have so little hair left. So I asked my hubby to watch a video on how to trim hair, and the rest was history. Haven't been to the salon for over a year, and was able to put all that money plus tip straight into the bank!
I've been cutting my own hair for 15 years now. I wear a simple chin-length bob and it's amazing how easy to cut even the back. To learn, I closely watched the stylist and have managed to replicate that cut.
I always heard that if your outgo exceeds your income, your upkeep will be your downfall. From South Carolina in USA (just found you today!) Thank you for your video.
I’ve been cooking and baking more recently rather than buying convenience foods, I made flapjacks today! I’ve also mentally downgraded where I’m going to allow myself to shop for clothes, I’m going to try the charity shops and supermarkets. It’s a bit scary in the UK at the moment with possible fuel price rises and definite food price rises. Our income hasn’t changed I’m just trying to anticipate higher prices, like you say keeping a bit aside so that we are never poor and also anticipating those things that will always happen.
I get 6 fresh free range eggs from a neighbour in exchange for a piece of the cake I bake with 3 of them. It makes him a happy widower and me a happy cook as well as providing for social contact. I barter whenever I can. When I take my charity shop clothes to the taylor's for alterations I always take along some unused buttons, or fabric, or tin box that she can use. That wayI purge my stuff and get a discount on the alterations' price. As I sow as a hobby, in the summer months I start sowing small Christmas presents that I then sell to raise some extra cash. By doing a little each evening I hardly notice and the pile grows quickly. I've offered my friends to sow curtains at half the price they would cost in a shop. Greetings from Milan, Italy.
We just keep the one car, an immaculate Subaru 2014, A much needed four wheel drive necessity. Montana is vehicle crazy with motor homes, trailers, boats, motor bikes, ski doos, snow mobiles , etc. We are avid gardeners and enjoy sharing with neighbors, Food Banks, and the Homeless Center. We may go out once a year, we enjoy fixing quality meals at home, that are frankly better that eating out. Not much available here. We do better ordering clothing online, on sale with discount codes than the local thrift shops( overpriced and rather tatty). or simply Costco. We are senior seniors and downsize weekly, we need or want very little and are happy on our patch.
I am choosing function over fashion , when I buy my next house in a few months. I going to buy a smaller home, and will be able to pay cash for it. I will also be moving to a much lower cost state.
It’s a Jane and Mike night! I’m rewatching your old videos and loving every single one. I am guilty of the “drip drip drip” spending. It really adds up at the end of the month! I’m still working on that one! I’m doing much better financially since I discovered your videos on RUclips though. Much love from Canada ❤
It gladdens my heart to see you hanging the wash on the clothesline rather than wasting money by lazily chucking it into the dryer! Happy to have found your channel. Greetings from San Francisco California.
@@nanbenton9850 in the UK, even if we lived, as we once did, in the middle of a city with constant traffic, people still dry their clothes outside. They have no choice,
Thank you for your videos... I recently became a single income after 30 years (it's aall good, my ex and I get along better now than we did for the last 10 years) and I have had to rejig everything. The first thing I did was get rid of my debt (except, I still have a mortgage)... after years with a spouse who did not believe in budgeting, I find that knowing how I will use every dollar each pay has been very liberating, allowed me to get out of debt/start saving and still not be deprrived... Packing my own lunches, bringing coffee from home to work, meal planning and giving myself an "allowance" have been instrumental in succeeding in this journey which all started with a pen and paper... Write it down and track your spending... I'm too old for surprises (after 35 years in the Canadian Armed Forces), I can say disciplline is key.
All great tips Jane! We made the awful mistake a few years ago. My beloved 18 year old Beetle was falling apart and I’d always wanted to drive a Prius. We leased one for three years. Biggest mistake ever and no getting out of it. I’m glad you brought that up for people that might be thinking of doing the same thing.
Ouch! We are car hunting and every garage we’ve been to has tried to sell us a new car on lease! I’ve been polite my in my head, I can hear myself saying, No way!
My neice ended up in same position with a leased van she had 3 little kids and her husband left anyway someone told her to call the company and tell them she can't afford the insurance and it's no longer insured...the company came pretty quick to get the car. We're in Canada
Hi Jane, my husband and I downsized to a small new mobile home a few years ago, we have loved it, and we paid cash for it. Our cars are paid for. The trick was getting rid of the big ticket items for us. We now have the freedom to do pretty much what we want.
@@FrugalQueeninFrance we sold our big home and downsized. The cars were little run around cars, so we didn't have to sell those, but we definitely don't want large car payments
I use everything up, from food (make it into a new dish, or soup), to toiletries - I cut tubes in half and scrape the contents into a little jar from something else (often another 20ml), stick a cotton bud into jars of foundation to use it up. Any shampoo, conditioner, washing up liquid I rinse out to use the end bit and then put one in with the dog washing (leads, collars, towels, dog beds, blankets) to save on laundry soap and fabric conditioner. I reheat filter coffee in the microwave later in the day. I also realised I was being a twit buying liquid soap for our hand basins as I had a whole drawer full of lovely bar soaps I could use and one bar lasts months in the bathroom. Thank you for your videos, I love them, and you! X
Your advice is spot on, as usual, Jane, and very timely as the days get cooler. Will be 'giving it a trim' this weekend with a special focus on the heating bills to come. Jumpers at the ready!
Drive here all the time. In the USA, in a smaller town. They have a couple of vans that they can use as transport but they only run downtown or to Walmart so you have to drive to get there. They also have been on the verge of shutting down the last few years because no money. Only stayed open so far because of anonymous donors.
Always wise words Jane. I sat down and totalled my car expenses over a year and was shocked at how much money it cost to run. I'm very lucky to have 3 bus lines at the end of my street. I gave up the car. It saves me money.
Boy oh boy... I don't drip... I pour! I pour my money into near-daily coffees at a local cafe. It's a justification, but I do love supporting an independent cafe, and I do love sitting in their garden -- it's a mental health break. I am still working, so in some ways, this is my escape and my therapy. I also track every single purchase in a spreadsheet.
I had so many problems with used cars. They cost me a lot of money. So finally, I bought a brand new car. I would not trust a used car, buying it by myself anymore. If I had a partner or good friend that knew about cars, I would trust them. However, I do not. My car really brings me pleasure. I am saving to pay cash for the next car I have to buy, after I run the current one to the ground. Cars and electronics, I will always buy new, or do without. I agree with your other points, and do most of them.
Thank you for this video. So important to make a distinction between low income and being poor. Years ago I adopted a mind set that I am living in an abundant world. There are always better / different / new options that are inexpensive or even free. A key is buying or accepting used items. We also didn't have a car for a very long time, but finally bought a very used 2004 model for $1,000. We love our "senior car". I cannot imagine spending a lot of money on a car!
I am new to your videos and learning to be the best l can be in this life, with everything. You my friend are helping in ways that I haven't thought of. I am living in 🇺🇸 America, the state of Maine. I will be 79 this month. Thank you for all your videos. I am learning as fast as I can and enjoying my frugal life style.
New subscriber from Australia 🇦🇺 the last month I’ve switched most things to cash. Physical holding cash really makes u see what I’m spending. I’ve been keeping a weekly spend tracker and it’s making a massive difference. drip spending has shown the holes in the budget and I’ve stopped ❤️. Have always every ft budgeted and know where money goes for all the main expenses.
Great video thank you, I have used my car 95% less over the past few weeks due to having a lot of work ( I work from home) and it made me realize that I can keep doing this. I'm planning my trips so I only go to town once a fortnight, which saves us a lot. Now my husband and I are talking about selling our 2vehicles and buying one economical one which will save us money going forward.
Another way to save is holidays and gifts. I live alone now and I have one grown single daughter. We used to give each a number of nice gifts at Christmas. A few years ago we changed to just filling stockings and a nice meal and time together and maybe a movie. We’re just as happy and find it less stressful. I bought a new car and paid it off before I retired and it’s now 13 years old and I’ve had pretty good luck with it. I paid my little house off 2 years ago. I got rid of cable and use an antenna. Nice clothes last longer when you’re not going to a job every day. I go for walks and borrow books from the library. I do miss my in person book club and Silver Sneakers exercise classes but I think they’ll start up again (pandemic blues). I feel blessed and enjoy my life.
That what i have been doing with my budget. Trying to get my mortgage paid off before I retire. Practice trying to live on the amount that Social security will be.
Every time I come back from shopping I put all my loose change in a jar. I don't miss it and when we go away on holiday I take it all to the bank and end up with a pile of spending money. I enjoyed your video.
Being great full for what I have stops me feeling poor. By recording my spending in each category of the budget shows me throughout the month if I am on budget. If I feel I am over budget I get the chance to cut back so that by the end of the month I an back on track. I love the idea of trimming small amounts for every month. I am going to trim the budget for each entry by 5% and if that works I will try for 10%. Now I work less hours I will make it look at every area and not just accept I am on budget but make sure I am below budget.
Fabulous video 💜 when veggies are on special I chop them all up and freeze them for certain dishes like lasagna and bolognese, mushrooms always give in the freezer and are perfectly good put straight into the pan frozen! I don’t buy unnecessary different beauty products and stick to what has worked for me. I used to fall into the trap of trying new products when in reality my current products have never failed me. One shampoo, one conditioner and one body wash in the shower. A simple face wash, moisturiser and hair oil and then a simple makeup regime. It can be so easy to keep buying product hoping for a better result! But it’s so endless!
Great to meet you. Every thing said makes perfect sense! I have been living on £67a week for everything and I couldn't cut down on anything else. Always bought from charity shops. Wasn't eating. Cut all the direct debits I could. Life was bad. Luckily enough I have been given another £85 a week, so now it's much better. I did have a bit of a spending spree is. new freezer, toilet seat and clothes from Primark lol.
Things have got a lot better as I was able to claim PIP which is a personal independence scheme with the English Government! I cannot work due to back problems, I am 60 and I get mad with myself not being able to work. Every job I gave 110% of myself. I should not have carried, moved so much. I am starting accept my problems and trying to be positive.bi know there are a huge amount of people far worse off than I am. So I must be thankful. Take care and enjoy your husband and home🤗
Angela, please check out other benefits you might be entitled to. PIP is a gateway to these. You may get £140 one off payment for your energy Bill's- check with your provider for the Heating Discount scheme. You may get help towards public transport, dental Bill's eye tests, prescriptions.
We live 35 miles from the nearest grocery store and doctors. We retired to a lower cost area, significantly lower than most of our state. In making this choice we have relocated away from all of our friends and family. So we are very independent in our thinking. We do most projects by using what we have on hand, and making do. We have lowered all of our expenses to the lowest possible. We now look at how to trim our food budget costs. We buy in season, in bulk, and on clearance whenever possible. Then we can go through the winter months without any grocery shopping. That money gets tucked away, into a savings account that earns interest, at 30 days if we don't need it, it goes into mid term savings. At 90 days it will get moved to long term savings, if it is not needed for expenses.
@@FrugalQueeninFrance Thank you so much, dear lady. I am apprehensive and yet look forward to escaping the rat race. Thanks again for your marvelous advice!
Thank you and your husband-your tips and kind talking help keep me calm and ever so hopeful in these tumultuous times when everything feels out of control-watching from New York!!!!
Hi Jane! I just discovered your channel and this is a great video. I am now a new subscriber! I am 51 and my husband is 54 and we are completely debt/mortgage free. We have a very small house and I often dream about having a larger home but then it's videos like these that snap me back to reality. A bigger home would just mean higher taxes, higher heating bills, etc., and I certainly don't want to pay a mortgage again. It's a great feeling that every dime we make can go to our savings and anything we want. Of course we have our car/home insurance, electric and phone but it really is the greatest feeling to be debt free. Thank you again for this great video and I look forward to viewing more of them!
Fabulous video Jane. My mistake has been having only one savings account for everything and then feeling discouraged when i see my savings dwindle because I need to access it for the 'it's going to happen' things. So from next month I shall be putting less in the long term savings account , but still saving and watching that amount grow and I shall also be putting away the correct monthly amount in my new 'it's going to happen account' . I've also managed to convince my teenage son that Aldi burgers in a bun taste much better than McDonalds which has curbed his takeaway habit , so no more drips there.
Good for you. We only have three accounts but keep an old fashioned accounts book to show savings for the different funds. It works for us. We also staple receipts in there when we spend from those sinking funds and accounts.
@@FrugalQueeninFrance I am the same, have two main savings accounts - short term and long term, and just record the additions and withdrawals in a cash book. IN UK a good way to save is to use regular/monthly savings accounts from bank. I use these for my bills, clothing, presents. It does the same job as your 'sinking funds' but I get paid interest!
Hi Jane love your videos. My friends lived in France for 10 years and loved it. Unfortunately they had to return to UK due to ill health. Their smallholding is for sale if any of your friends want to move to France after seeing and being jealous of your lifestyle. ❤
hi jane, like you we live in France, early retirees, and yes, living frugually is necessary; Since moving here 15 years ago, I have always kept a note of what we are buying, and it is so lovely that the people here do not keep up with the jones's; Although I have an emergency budget, I find organisations here will let you divide your bills; For example the cesspit is to be emptied this week and the cost of 260.00 euros can be paid in 2 installments; at no extra cost; The same with the 4 tyres that had to be bought recently; payable over 3 months; life is grand x
Hi Jane. Two things that have worked for me and my family: I have a calender where I write everything and anything that is going to happen, birthdays, payments due, when I will go for clothing or grocery shopping, that way, nothing should catch me by surprise and so secondly, I set aside money for it which is what you call sinking funds. This way, I avoid fees and I always feel prepared and never worry. Very good advice for anyone.
My son will be watching this soon. Even though I may want a certain something if It don’t fit in the budget don’t go places or online browsing to tempt yourself.don’t go to occasions or events that make you feel obligated to spend more than you know you should. If you must go be creative, stay on budget , start your plan as soon as you can,research research research online for creative ideas watch your budget. Don’t drip on expensive cards that are most likely going to go in the trash,buy an inexpensive blank and write your own sentiments, if you don’t know what to write,go online,millions of cards you can read and use the text..got to go love your channel.see you again I have 4 grown kids so they may listen to you.💐👏🏻
Super post! Liked, subscribed and saved for future reference. Great idea to cut expenses in small manageable ways, 5%. I always get overwhelmed with auto repairs, and it happens every year so shouldn’t be a surprise, should be planned for. One expense you mentioned is dental work. At 60 I notice that my friends of similar age and I are surprised that we need major dental work…bridges, crowns, implants. Even when we take good care of our teeth they get vulnerable with age. This is a major expense to budget for and being able to eat comfortably and smile freely has a big impact on our happiness!! Thank you Jane.
Dental work can be expensive. It can help to get estimates off dental websites, then save even if you don't need the work done. You then have a sinking fund saved for any potential dental work.
If you have long hair you can pull your hair into a ponytail on the top of your head and then pull the pony straight up and trim the ends .It works really well and can save you 25 dollars or more every month to 2 months or so. Also, if you swish hydrogen peroxide in your mouth for 2 minutes per day it will whiten your teeth with professional strength. Learned this from a dentist.
Great Video, I am 56, he is 65. We are currently shopping for a new home (Purchasing) I am on disability, he still works. We are preparing for our future and doing it smart. We drive older cars that are paid for and live below our means. My friends call me "Frugal Francine"
Thank you for reminding me of the tiny things that need watching as we survive each month. One thing you do that I did not do is to keep your husband in the loop. When we were first married he had so much on his plate with learning to work at a steady job and cope with an illness that was only get worse. One of my jobs was just keep him safe. I took financial worry off his load. In retirement I need to allow him to join me in our budget journey. This is going to take both of us to be very patience with each other. I think this will be another adventure in our lives.
In the US, the average new car costs $40K. As soon as you drive it off the lot it depreciates. Buy a good used car let the first person pay for the depreciation. I saved and paid my house off 12 years early because I bought a house that was less than I could afford. This allowed me to retire at 58. Please listen to Jane.
Nothing better than the feeling of NOT making monthly payments. Thanks for watching.
@@FrugalQueeninFrance ABSOLUTELY...Freedom is living debt free!
$40k average? Tesla costs this money)))
@@marian5249 Average car in the US is $40k
@@lray7421 if you calculate this number by average of the alll american cars, then yes. But we are talking about average American people. Do you see a lot Americans driving 40k car? Doubt it..
I am now retired, but was a single Mom of 2 boys for many years on a low income. I always told my boys that I've been broke but I've never been poor. Poor is a state of mind.
That's a great explanation
So true!
Love that explanation
Lol. Living in America and being older means that your employer most likely would not hire you with benefits, and your health insurance will be thousands of $ and will not cover anything. You can save and live frugally, but one surgery will put you in the poor house, and your future wages will be garnished to the end of your life.
Healthcare in America is the main reason for bankruptcy. You can't save millions just to pay for unexpected health emergency, and good insurance can run you $30k/ year if you're older per person. You're not low or even middle income if you can afford it.
@@vg7985 lol not everyone live in America!
I lived with a no budget husband who has passed. Living extremely frugally for a couple years and gaining financial stability, I keep my budget on a spreadsheet, every expense in its category and instantly giving the amount remaining at the bottom of the category column. A good discipline. However, I’ve also had to give myself permission to buy a piece of clothing, reminding myself that the money is there in that category. That it’s OK! I live nicely on a low income with financial freedom, which is priceless.
Thanks for sharing Judy, financial freedom is priceless
Thanks for every word TATA BERLINE South africa
I feel for you Judy my late husband was just the same. If we had extra money in the budget that he didn’t know about I kept quiet and didn’t tell him. Sometimes I felt like I was being sly but it was the only way I could manage to top up the saving. I too am living on a budget and although I am on much less income I am much richer because I live by my budget and keep a tight handle on my spending. Don’t get me wrong I still have a small personal allowance that I can spend on anything I wish without feeling guilty. The peace of mind that the budget and my savings bring me are with the frugal cuts I make day on day. Good luck with your financal secure future.
The aggregation of marginal gains😊😊
Pandemic living has shown my household that ordering groceries online for free parking lot pickup saves money overall as we are never tempted by sights and smells of food we can’t afford.
That's a great way to save money
I use Shipt. There is a one time fee of $39 for a year, and then as long as your order is over $35 there is no delivery charge fir a year. They bring your groceries right to your front porch. I think that’s a pretty good deal.
Yes! That's been my huge time and money saver too. I pick up when I'm in that area bringing a child to her sports which saves me an entirely separate trip and gas money. It's well worth the $3 fee.
Yes! Saves time money and effort to pickup groceries
I was using the curbside pickup quite a bit for groceries but I found that I was spending just as much time on the website as I was in the store. I can't say that I save money but it's possible. However the free pickup necessitates spending usually $35 and if I only want to spend $20 then I have to go to the store myself, or pay a fee which I would not want to do to pick up groceries.
I haven't left my home in two years and I'm still not bored. lol As an artist, I'm into visuals and decor is very important to me. I'm inspired by my surroundings and with a little bit of imagination and ingenuity, a poor person can live rich.
Great
I hear you. My little apartment in my sister's house has exactly what I want. I am an artist as well. I get very nice or expensive items at great prices. Got a pendant light for the kitchen that was over $400 originaly for $40. Does not require a light bulb. I got beautiful tiles from Mexico for 73 cents or so each for counters. Have an eye so price is not what matters. I make disability money which is low but get paid sometimes for using coupon deals that pay you bacl for household basics. Know how to cook very well so inexpensive to make gourmet food too
@@Cg12559 I have an eye for things too. I'll spot something that other people pass up knowing I can turn it into a work of art. People walk into my place and they are blown away. My landlord was so impressed she raised my rent. It has it's drawbacks too. lol She said "I wish my place looked like yours." I knew that rent increase was coming. lol My feeling is everyone can live rich even if they are poor if they want to. It just takes some imagination. I'm into cooking too and I would also consider myself a gourmet cook. I was rather good even before the pandemic but now I'm proficient in just about every kind of cuisine. I used to love dining out but at this point, I don't think I'll ever dine out again, maybe because I'm a bit of a germaphobe. The virus kind of turned me off to dining out. It sounds like we have a lot of things in common:-)
@@dissidentfairy4264Your landlord should have lowered your rent since you made that apartment more attractive!
Long ago I began to work on a partly perennial food garden. I have a plum tree, an apple tree, rhubarb, strawberries, raspberries, blueberries, asparagus and a variety of herbs. I save seed each year so always have beans, peas, parsley, spinach, lettuce…. You get it. Some plants are volunteers. I have some nice potatoes which I didn’t plant. You get the idea.
This year I re-did the raspberry bed as it was full of roots from surrounding trees. It was completely dug out and new soil and compost put in. I trimmed my existing plants and had enough to re-do the bed and donate some to a local plant sale.
Make friends with gardeners. Most are willing to share cuttings..
@angieprice7206 How do your garden and trees do? We put in many trees and berries and garden beds. Hoping as the years pass, so will the yields.
@@cajunthibs My garden is very shady so it's not always as good as I like. However, I was outside today in the November rain and had a nice handful of raspberries. Lately it has been apple time so I have been dehydrating them, sliced thinly with a sprinkling of sugar and cinnamon. There isn't always a lot of food but there's always something.
Now it's time to enjoy more kale and brussels sprouts.
My husband and I are frugal so that's why we can afford monthly donations to animal charities because that's what is important to us.
LOVE that!!!
Great to hear that
Lovely ❤️
👍🏽👍🏽👏👏👏
I do this too! I donate 10% a year and keep it in my community to avoid high administration costs at big charities. I hand out a lot of grocery gift cards to elders and partner with a cleaning company for people going through fire, bereavement and illness. Look around, time is also a donation, and most communities run on volunteers and good Samaritans.
I have not owned a car for several years and instead take public transportation. I plan where I live based on the availability of public transportation and put a high premium on being able to walk to grocery stores and shopping errands. I know it seems strange to many people to be a professional woman with no car, but as I see it my benefits are threefold - I save money, stay fit and help the environment. Great video! I will use your suggestions.
Thanks for sharing
We got tired of paying an extra $100 per month for 150 channels we didn't watch (most were advertising) from our TV provider. We have a streaming service and use antenna and have saved ourselves $100 per month. That is $1,200 a year and we don't miss it at all. During covid I started cutting my husband's hair and trimming my own. Not to mention grooming my yorkie. That is another $100.00 a month. We don't feel deprived and live very well on our retirement income.
When we make our own choices, it's never deprivation. Your're doing great. Thanks for watching.
Thanks for sharing this as it is something a lot of us can do too May All go well with you & yours!
I just bought my first new car, and it's saving me money. No more repairs, it's very fuel efficient and no towing fees. I will keep it until it's life is over.
All cars bought outright are good, new or not so new. Thanks for watching
@@FrugalQueeninFrance in California, United States 🇺🇸....it makes more sense buying a new car 🚗 because repair costs are exorbitant.
you can buy a 4 year old car with low mileage coming out of a lease , you get a good car without losing the value they lose in the first 4 years..
@@FrugalQueeninFrance 11q%
I know someone who bought a 2nd hand car and ended up paying the previous car owners debts on it. ALWAYS CHECK THE CARS HISTORY.
Brilliant tips Jane, I live completely debt free (and I just turned 50) and we paid off our mortgage as quickly as we could. We stick to our budget, and we also trim and revisit the budget weekly. To live debt free makes me feel very rich, very proud and we live an amazing life! People might look at our home and make assumptions that we are hobby frugalist, NO I worked very, very hard to be in this position and while they were out getting their hair done, going on expensive holidays, dining out and drinking lots and wearing fancy clothes, looking like a "would be if they could be" with fancy bags, shoes, gym membership, nails done etc I was going without, and I was charity shopping and eating and cooking my meals from scratch and not having fancy holidays. I worked as a cleaner on the side to make extra money, I used everything up and reused. I didn't upgrade things around my home and I made my home look and feel very homely on very little. The big tip Jane was don't let it drip.....I think your tips and advise are absolutely on point and very helpful for so many people THANK YOU for sharing your advise.
I love that phrase hobby frugalists. People might think that about anyone who has a paid up lifestyle and frugal means something different to everyone. Good for you and thanks for sharing.
Congratulations!
It's amazing how much money you can save by shopping from you freezer, pantry and fridge, also using all frozen leftovers that you have .been 2weeks since ive gone to the grocery store! Yay!!!
So true!
When shopping for meats, I buy only those that are on sale...or those at the lowest cost . From there, I come up with meal plans. It's a challenge sometimes, but it's working for us.
great advice, thanks for watching.
The same over here, almost everything whats possible we buy on sale and stuck up
If you buy the cheapest meats, the quality suffers greatly -- as those cheap meats will have a lot of nitrates, and most likely won't be as fresh
I don't eat meat , poultry, fish, or dairy and save a LOT of money in doing so!! The only extra expense is Vitamin B12
@@geekmega7527 Lisa was talking about meat that’s being sold on a sale price or special offer. BTW, I don’t stand for snobbery on this channel. If you don’t like what you hear or read, then just move on. Thanks for watching.
We have stopped actively budgeting recently.
Modest spending has become second nature to us over time (we are in our early 40ies, no kids, but just one income), as a result we are saving about one third of my income without much of an efford, and when the home is paid off next year, that will shoot up to around 50%.
This feels incredible tbh.
Thanks for sharing
When I moved to Portland OR I parked my car for a month to see if I could live without it. After the first two weeks, I never thought of it again. That was in 2008 and just that one move allowed me to pay off all my debt and buy a small home. I know it's not for everyone but riding my bike has been wonderful. When the weather is truly bad I either take public transit or catch a Lyft ride.
We lived in a city for 13 years, for most of that time, we didn't have a car.
I love the true, old saying..."If I take care of the pennies, the dollars take care of themselves!" 😉
it's a great phrase.
One of my favorite sayings. Just ask my family. LOL
Haha the Mantra I use
I’m the Uk we say: Look after the pennies and the pounds will look after themselves. I didn’t know you had a similar phrase in the states
My husband and I have taken early retirement and because we have no debt, we have more money now than we ever had.
It’s a great thing. Thanks for watching
Great video. We can always trim here and there. I bought a second hand car 20 years ago and am still driving it. I regularly have it serviced and keep it clean. Sometimes people tease me about it but I mention with a sweet smile that I haven't had a car payment in all those years!
That’s wonderful
on a depreciating asset!
Good for you. My car is 13 years old and paid for. Just like you, I keep it clean and tidy and make sure to take it for regular maintenance check ups!
Brilliant content, as always.
A tip for parents re pester power. When my kids asked me for things when we were shopping I always said, "I'll put it on the wish list and if you still want it at birthday/Christmas time, we'll get it then." I would then write it down in a little note book I kept just for this purpose. I never had problems with children begging for things or having tantrums at the shops. When they were old enough for pocket money they were able to save for things they wanted or put a lay-by (lay-away) on a book from the book shop.
My other rule was that 50% of any birthday money or money from part-time jobs MUST be saved, no exceptions. Doing this, my daughter was able to buy an excellent used car with cash and my son saved enough to get himself to Germany (from Australia) for an exchange program to improve his German. Of course they sometimes succumb to temptations as young adults, but they also have maintained good planning and savings habits. The bottom line is, parents need to lead by example and say 'no' when necessary. This is a long-term gift to your kids that will keep giving for the rest of their lives.
Thanks for sharing.
Pester power was banned for my children in the 80s /90s and is banned for my grandson now!
I believe in teaching them to budget from their 5th birthday onwards. On that day, they each got the first a small weekly pocket money and had to make it through to the next week with absolutely not a penny more. They learn fast that the bank of mummy/grandma doesn't allow an overdraft facility and that putting 25% by this week will give them either a little to put into their savings accounts or a little extra to spend the next week.
I think parents should charge their children rent once they are adults too, so when they do move out, they have a better understanding of costs and financial responsibilities. You can save it for their wedding or other big thing if you wish and can afford to do so, just don’t give them a free ride, it doesn’t do them and service.
Frugal Queen walking the walk and talking the talk! Thanks!
As someone who struggles with this I really needed advice but I always feel that I’m being told off or patronised - not in this case ! Straight forward realistic useful information delivered in a friendly matter of fact way. Thankyou 💐
You’re welcome and thanks for watching
I'm rewatching a lot of your videos as you're the best frugal youtuber out there and I need the inspiration. As a frugal Christmas present to you I'm letting the ads run. Thank you for all the effort you and Mike put in to making these videos. They are extremely helpful 🥰
That’s really kind, thanks so much.
Could you explain please?
@@barbarahollands6415 I'm not skipping the ads which, I believe, helps their revenue. Is that what you mean?
When I was widowed and sold my family house I wanted to stay in the same area, a small market town in what is considered a good area so to do this I needed to down size, I bought a smaller property that needed updating. I allocated a budget to do the updating and put a chunk of the money I go from my house sale into long term saving to give me financal security. This has allowed me to live on a much smaller income, and live well below my income. A win win situation for me. Wish I had been able to do this years ago. It has been liberating.
So glad it worked out for you
Garden. Keep chickens. Mend clothes. Learn basic car maintenance. Learn basic house maintenance, like fixing a leaky tap. Don’t dye your hair. Do your own nails. Make your own laundry soap. Turn off everything at night… leave nothing on, such as the telly because it sucks power all night long. Get a woodburning stove. Get a crockpot. Learn to can, pressure can, dry and preserve fruit and veg. Never ever ever use a restaurant. (Well maybe once or twice a year.) Keep your pets clean, trimmed by yourself. Use cash… it hurts more to pay cash than use a card. Get a bicycle.
You’re smashing it if you’re doing all that. Thanks for watching and commenting
Yesterday I finally made the decision that I am going to retire early at 55 when I can take my full NHS pension - I am already frugal but this video was perfect timing for me - I am going to spend the next 5 years trimming my budget so that I can get used to living on a reduced income. The 5% reduction is a great idea, and so are the sinking funds for known outgoings - I currently lease my car which I can currently afford but I agree that it is an expensive way to have a car. I’m going to start saving now so that I can buy a used but fairly new car outright when I retire. This video has reminded me that it is possible to retire early - I’ve just got to plan ahead and remember my why - I just want a simple, less stressful life xx
Good for you Joanne, we are not born to work
And die
I retired at 57 and oh! so lovely to enjoy sunny afternoons, time to bake, cook, sew, knit, read, garden, dog walk. The days fill doing what I want to do and enjoying the simplicity and calm. Turns out I need spend very little to enjoy my leisure.
Just think how much you can save in 5 years!
I've just found your channel and I'm binge-watching all of your videos. I have already found myself a notebook and have started budgeting everything, thank you so much for all your hard work, you are truly helping people. No more head in the sand for me!
Good luck,
We are also frugal early retirees and live in Australia. When we had our first mortgage in the 90s, money was really tight. The grocery budget meant shopping once a week only and I would round up the cost of every item and stop shopping once the budget had been used up. At the checkout, it always cost a little less so I could buy one treat.
Thanks for sharing
Excellent advice. I am nearing the end of my full-time working life and am saving like mad. I put away funds each month before payiing anything else. I know exactly how much I spend each month. My children are grown up so I have only myself to keep afloat each month. I find spending as little as possible a fun game!
You can do it! I'm with you. I try to put a bit away every month.
We live in a small, modest home. It's such a blessing to be debt free, but we've always tried to live below our means.
Being debt free means a small income goes a long way Thanks for sharing.
I really like the “Give it a trim” tip and will be applying it to my spending and usage. Great video.
Glad it was helpful!
We had a slow drip in our faucet, so I would put a gladd under it & when the glass would fill up with water, i would water one of my plants, I would rotate my plants & by the time I came back to plant # 1, it was ready to be watered again. When my husband finally got around to fixing our faucet, i actually missed using my dripping faucet method to watering my plants. Now I have to make a conscious effort & remember to water them.
Great tip, thanks for sharing
In the summer, I save the water from the washing up to water the plants outside. We also have a water butt collecting rainwater from the garage. Whilst on water, perhaps a soakaway drainage system in your garden would save on your water bills. (You manage the rainwater running off your property). Need to research as not all properties are suitable, perhaps your water utility supplier can advise but we save a lot of money on this.
New subscriber here from the US. The main things I have done recently to trim was to: Stop going to thrift stores. Only put 8 to 10 gallons of gas in my car no matter the cost. I am in a customer oriented career, so decided to buy selections of clothing that function as a uniform of sorts, with changes of earrings, shoes, jackets and handbags (all of which I already own) to create different looks. Thanks for your tips!
Thanks for watching and your tips too
Finally a video with some useful tips rather than just recycled information that circulates from channel to channel!
Thanks for watching and commenting
Absolutely love these tips. My partner and I do what we call "weekly budget meeting" where we sit with our spreadsheet and tally up the outgoings and always keep an eye on our finances.
After we've been paid we always know what is coming out and how much we have left. We instantly put our savings away so we don't touch it. We also give ourselves a discretionary fund each so we can have the odd treat, drink with a friend, piece of clothing or book.
I must admit we do not have a sinking fund. Instead we use the savings for broken white goods, vet bills etc , but I love the idea so I shall be bring this up in our "weekly budget meeting" this week.
Cancel that gym membership, do your walks and exercises outside in fresh air. Thanks Jane! Helpful tips!
Great idea!!
Really enjoyed this video, Jane! Good common sense and all of the things we do now. It wasn't always that way for us when we worked. All I can say is that maybe we felt privileged to blow our money because we had it, eating out, buying new vehicles, dripping money everywhere. We are now debt free except for the mortgage and both retired. I have a set Federal annuity, social security annuity, and husband has social security. We also have a TSP fund (like a 401K) that we can use if we need extra money in the future. I have saved so much money in retirement by being frugal, that we should pay off the mortgage in 7 years. My only regret is that I didn't start a budget and sinking funds when we were younger. By having a budget, we can still indulge the grand kids and can take day trips. We are not a travel afar couple, so this suits us. Thank you for your wonderful videos!
What a lovely message Robin, thanks for watching and sharing.
Hiya, I save money by having a stock cupboard style pantry. So, when I have money I will buy 2 cans of mixed beans one week rather than just the one I need for that week's meal plan. Then when times get really hard I have both my HM ready meals in the freezer + my pantry to shop from. Thank you for 5% tip. I'm just off to read my meter right now. I'll let you know in a fortnight if I manage to reduce it by 5% in the subsequent week. No heating on until October so this little challenge has come just at the right time. Thank you
Thanks for taking up the challenge Lyn. I hope you can reduce your consumption and then you bill. Good luck.
The same.⚘
Oh Jane, this was such a forthright and informative video, I've be reevaluating my finances as my husband died at the end of May and I know I can do it no problem, providing I'm sensible. I've got an unexpected free afternoon and am going to put all your ideas down on paper and work my budget out. Some of these things I do. Thank you so so much there is still more i can do.
I'm sorry for your loss and glad you're ok to sort out your finances. Thanks for watching.
Good luck, sorry about your loss.
I shop thrift stores for clothes for the family...my favorite store has a ( buy one get one) on Mondays. I made it a habit to only go on Monday ☺️
That's a great tip
New to your channel and I can't wait for more content! I love this way of life. As a 33 year old, I'm debt free (no mortgage or car payment, it's an old truck that still works fine at 85k miles as long as I keep up maintenance and I bought my grandmother's house for $25k) and have only 2 low paid off credit cards every month. My bills are very minimal too since all there is is utilities and insurance, but that will change when I retire - then I will have none when I live in my sprinter van! :) Off to binge the rest of your channel. ♥ Thank you. Also came here from She's Drinking Coffee channel. Kate mentioned you and I was curious. Glad I came. ♥
Kristin, you are set for a great future! Good for you
Im a new sub to this channel. It’s funny that you mentioned Kate, I’ve been watching her for years but I haven’t watched her since she came back to RUclips recently. This channel here was just in my recommended list so here I am!
33 year old - you are on the right track😊
Greetings!
Thank you for this video! I really needed this right now! I love the “ Don’t Drip”!
I am so happy I found your channel through She’s Drinking Coffee channel.
To save money, I do my laundry at night and hang it out in the morning. Also run my dishwasher at night. We also use oil lamps at night, and no TV on.
You are super frugal. Thanks for watching and sharing your thriftiness.
Speaking of "trimming," during the pandemic last year, it was too inconvenient to make an appointment with my hairdresser for a simple straight trim [not to mention, costly], because I have so little hair left. So I asked my hubby to watch a video on how to trim hair, and the rest was history. Haven't been to the salon for over a year, and was able to put all that money plus tip straight into the bank!
Great savings there Pam.
I've been cutting my own hair for 15 years now. I wear a simple chin-length bob and it's amazing how easy to cut even the back. To learn, I closely watched the stylist and have managed to replicate that cut.
I’ve long hair, trim it myself. Found I spent too much money and time in the hairdressers, which I’ve never enjoyed, so it had to go!
I Have had two haircuts since covid my husband is quite the expert at trimming the back
Timely reminder, I know I’m guilty of the… little bit of this and that… while going around the supermarket, it really does make a difference
Remember, if it’s not on the list, it’s not going in!
I am too..
I always heard that if your outgo exceeds your income, your upkeep will be your downfall. From South Carolina in USA (just found you today!) Thank you for your video.
Thanks, that's why we're frugal, so we can live way under our means.
Good one!!!
Great video. I started doing sinking funds a few years ago and it makes all the difference. No more “surprises “!
Good stuff!
As always- great info. With over 100,000 views I can’t believe that more people haven’t yet subscribed!
You and me both!
I’ve been cooking and baking more recently rather than buying convenience foods, I made flapjacks today! I’ve also mentally downgraded where I’m going to allow myself to shop for clothes, I’m going to try the charity shops and supermarkets. It’s a bit scary in the UK at the moment with possible fuel price rises and definite food price rises. Our income hasn’t changed I’m just trying to anticipate higher prices, like you say keeping a bit aside so that we are never poor and also anticipating those things that will always happen.
Assume brace position.....every day! It just feels like we have to be ready for anything at any time .
I get 6 fresh free range eggs from a neighbour in exchange for a piece of the cake I bake with 3 of them. It makes him a happy widower and me a happy cook as well as providing for social contact.
I barter whenever I can.
When I take my charity shop clothes to the taylor's for alterations I always take along some unused buttons, or fabric, or tin box that she can use. That wayI purge my stuff and get a discount on the alterations' price.
As I sow as a hobby, in the summer months I start sowing small Christmas presents that I then sell to raise some extra cash. By doing a little each evening I hardly notice and the pile grows quickly.
I've offered my friends to sow curtains at half the price they would cost in a shop.
Greetings from Milan, Italy.
Thanks for sharing
Fabulous! I love bartering, sharing and exchanging with neighbours, great post, thank you 😊💜
We just keep the one car, an immaculate Subaru 2014, A much needed four wheel drive necessity. Montana is vehicle crazy with motor homes, trailers, boats, motor bikes, ski doos, snow mobiles , etc. We are avid gardeners and enjoy sharing with neighbors, Food Banks, and the Homeless Center. We may go out once a year, we enjoy fixing quality meals at home, that are frankly better that eating out. Not much available here. We do better ordering clothing online, on sale with discount codes than the local thrift shops( overpriced and rather tatty). or simply Costco. We are senior seniors and downsize weekly, we need or want very little and are happy on our patch.
You are doing great Jeanne, thanks for sharing.
I am choosing function over fashion , when I buy my next house in a few months. I going to buy a smaller home, and will be able to pay cash for it. I will also be moving to a much lower cost state.
That's awesome. Good luck with the move.
We will be doing this too …
It’s a Jane and Mike night! I’m rewatching your old videos and loving every single one. I am guilty of the “drip drip drip” spending. It really adds up at the end of the month! I’m still working on that one! I’m doing much better financially since I discovered your videos on RUclips though. Much love from Canada ❤
Thanks for your reply
It gladdens my heart to see you hanging the wash on the clothesline rather than wasting money by lazily chucking it into the dryer! Happy to have found your channel. Greetings from San Francisco California.
You and me both!
love that smell!!! it reminds me of my grandma and my mom.... hello from Kalispell Montana
Wish I could dry outside m. I live in a triangular shaped lot and there’s cars on all sides!
@@nanbenton9850 in the UK, even if we lived, as we once did, in the middle of a city with constant traffic, people still dry their clothes outside. They have no choice,
Your clothes last longer if you don't dry them in the dryer
Thank you for your videos... I recently became a single income after 30 years (it's aall good, my ex and I get along better now than we did for the last 10 years) and I have had to rejig everything. The first thing I did was get rid of my debt (except, I still have a mortgage)... after years with a spouse who did not believe in budgeting, I find that knowing how I will use every dollar each pay has been very liberating, allowed me to get out of debt/start saving and still not be deprrived... Packing my own lunches, bringing coffee from home to work, meal planning and giving myself an "allowance" have been instrumental in succeeding in this journey which all started with a pen and paper... Write it down and track your spending... I'm too old for surprises (after 35 years in the Canadian Armed Forces), I can say disciplline is key.
Thanks for watching and commenting
All great tips Jane! We made the awful mistake a few years ago. My beloved 18 year old Beetle was falling apart and I’d always wanted to drive a Prius. We leased one for three years. Biggest mistake ever and no getting out of it. I’m glad you brought that up for people that might be thinking of doing the same thing.
Ouch! We are car hunting and every garage we’ve been to has tried to sell us a new car on lease! I’ve been polite my in my head, I can hear myself saying, No way!
My neice ended up in same position with a leased van she had 3 little kids and her husband left anyway someone told her to call the company and tell them she can't afford the insurance and it's no longer insured...the company came pretty quick to get the car. We're in Canada
Thank you Jane. You got me thinking how wasteful our family habits are and how We need to change.
Good point. Most frugal videos talked about little things but this video helps me get a big picture of my finance.
Thanks very much for your feedback
Thank you for those ideas,particularly the drips idea. Those little amounts of money add up and I need to be more aware of this.
Glad it was helpful!
Great channel by the way. I forgot to say that. I enjoy hearing how people in other parts of the world tackle frugality and budgeting.
Thank you
Hi Jane, my husband and I downsized to a small new mobile home a few years ago, we have loved it, and we paid cash for it. Our cars are paid for. The trick was getting rid of the big ticket items for us. We now have the freedom to do pretty much what we want.
You need to sell the big ticket items?
@@FrugalQueeninFrance we sold our big home and downsized. The cars were little run around cars, so we didn't have to sell those, but we definitely don't want large car payments
Yes! Yes! And YES!!! Great video! Love seeing you hang your wash at the end!!!
Yay! Thank you!
I use everything up, from food (make it into a new dish, or soup), to toiletries - I cut tubes in half and scrape the contents into a little jar from something else (often another 20ml), stick a cotton bud into jars of foundation to use it up. Any shampoo, conditioner, washing up liquid I rinse out to use the end bit and then put one in with the dog washing (leads, collars, towels, dog beds, blankets) to save on laundry soap and fabric conditioner. I reheat filter coffee in the microwave later in the day. I also realised I was being a twit buying liquid soap for our hand basins as I had a whole drawer full of lovely bar soaps I could use and one bar lasts months in the bathroom.
Thank you for your videos, I love them, and you! X
I reheat coffee too
Your advice is spot on, as usual, Jane, and very timely as the days get cooler. Will be 'giving it a trim' this weekend with a special focus on the heating bills to come. Jumpers at the ready!
Or, if the heat is on, reduce the time it’s on.
Drive here all the time. In the USA, in a smaller town. They have a couple of vans that they can use as transport but they only run downtown or to Walmart so you have to drive to get there. They also have been on the verge of shutting down the last few years because no money. Only stayed open so far because of anonymous donors.
thanks for watching
In the first few seconds of the video we catch a glimpse of the pup
Always wise words Jane. I sat down and totalled my car expenses over a year and was shocked at how much money it cost to run. I'm very lucky to have 3 bus lines at the end of my street. I gave up the car. It saves me money.
Well said!
Boy oh boy... I don't drip... I pour! I pour my money into near-daily coffees at a local cafe. It's a justification, but I do love supporting an independent cafe, and I do love sitting in their garden -- it's a mental health break. I am still working, so in some ways, this is my escape and my therapy.
I also track every single purchase in a spreadsheet.
I had so many problems with used cars. They cost me a lot of money. So finally, I bought a brand new car. I would not trust a used car, buying it by myself anymore. If I had a partner or good friend that knew about cars, I would trust them. However, I do not. My car really brings me pleasure. I am saving to pay cash for the next car I have to buy, after I run the current one to the ground. Cars and electronics, I will always buy new, or do without. I agree with your other points, and do most of them.
If it works for you Joyce, then you do not have to explain yourself.
@@FrugalQueeninFrance Just participating in the conversation is all.
Thank you for this video. So important to make a distinction between low income and being poor. Years ago I adopted a mind set that I am living in an abundant world. There are always better / different / new options that are inexpensive or even free. A key is buying or accepting used items. We also didn't have a car for a very long time, but finally bought a very used 2004 model for $1,000. We love our "senior car". I cannot imagine spending a lot of money on a car!
Thank you for watching
I am new to your videos and learning to be the best l can be in this life, with everything. You my friend are helping in ways that I haven't thought of. I am living in 🇺🇸 America, the state of Maine. I will be 79 this month. Thank you for all your videos. I am learning as fast as I can and enjoying my frugal life style.
You are so welcome
You got me with the washer thing- mine just died two weeks ago and I wasn't prepared. I will be starting a home sinking fund now.
Good luck, I hope it goes well
jane, thank you for all your posts. I really enjoy watching and listening to you. Bless u and yours. r
@@RoseRyan-hr3fg thank you for watching
New subscriber from Australia 🇦🇺 the last month I’ve switched most things to cash. Physical holding cash really makes u see what I’m spending. I’ve been keeping a weekly spend tracker and it’s making a massive difference. drip spending has shown the holes in the budget and I’ve stopped ❤️. Have always every ft budgeted and know where money goes for all the main expenses.
Cash really works for some people, nice to have you as part of the discussion
Great video thank you, I have used my car 95% less over the past few weeks due to having a lot of work ( I work from home) and it made me realize that I can keep doing this. I'm planning my trips so I only go to town once a fortnight, which saves us a lot. Now my husband and I are talking about selling our 2vehicles and buying one economical one which will save us money going forward.
That will save you masses of money and keep cash in your pocket
Another way to save is holidays and gifts. I live alone now and I have one grown single daughter. We used to give each a number of nice gifts at Christmas. A few years ago we changed to just filling stockings and a nice meal and time together and maybe a movie. We’re just as happy and find it less stressful. I bought a new car and paid it off before I retired and it’s now 13 years old and I’ve had pretty good luck with it. I paid my little house off 2 years ago. I got rid of cable and use an antenna. Nice clothes last longer when you’re not going to a job every day. I go for walks and borrow books from the library. I do miss my in person book club and Silver Sneakers exercise classes but I think they’ll start up again (pandemic blues). I feel blessed and enjoy my life.
I hope that you get to your social activities soon Nancy
That what i have been doing with my budget. Trying to get my mortgage paid off before I retire. Practice trying to live on the amount that Social security will be.
Every time I come back from shopping I put all my loose change in a jar. I don't miss it and when we go away on holiday I take it all to the bank and end up with a pile of spending money. I enjoyed your video.
Being great full for what I have stops me feeling poor. By recording my spending in each category of the budget shows me throughout the month if I am on budget. If I feel I am over budget I get the chance to cut back so that by the end of the month I an back on track. I love the idea of trimming small amounts for every month. I am going to trim the budget for each entry by 5% and if that works I will try for 10%. Now I work less hours I will make it look at every area and not just accept I am on budget but make sure I am below budget.
Below budget is so important. We have to hold back.
I am doing a no spend month in May. I will only pay my bills. It makes for the good time to eat out of the freezer or the pantry and also I forage.
Best wishes to you
Hi Jane. Great advice as always. Trimming bills by 10% is such an easy option. Thanks for sharing.
Thank you and thanks for watching
Fabulous video 💜 when veggies are on special I chop them all up and freeze them for certain dishes like lasagna and bolognese, mushrooms always give in the freezer and are perfectly good put straight into the pan frozen! I don’t buy unnecessary different beauty products and stick to what has worked for me. I used to fall into the trap of trying new products when in reality my current products have never failed me. One shampoo, one conditioner and one body wash in the shower. A simple face wash, moisturiser and hair oil and then a simple makeup regime. It can be so easy to keep buying product hoping for a better result! But it’s so endless!
Thanks for watching and commenting
Great to meet you. Every thing said makes perfect sense! I have been living on £67a week for everything and I couldn't cut down on anything else. Always bought from charity shops. Wasn't eating. Cut all the direct debits I could. Life was bad. Luckily enough I have been given another £85 a week, so now it's much better. I did have a bit of a spending spree is. new freezer, toilet seat and clothes from Primark lol.
Angela, things sound really dreadful for you? Are you retired? Or working?
Things have got a lot better as I was able to claim PIP which is a personal independence scheme with the English Government! I cannot work due to back problems, I am 60 and I get mad with myself not being able to work. Every job I gave 110% of myself. I should not have carried, moved so much. I am starting accept my problems and trying to be positive.bi know there are a huge amount of people far worse off than I am. So I must be thankful. Take care and enjoy your husband and home🤗
Angela, please check out other benefits you might be entitled to. PIP is a gateway to these. You may get £140 one off payment for your energy Bill's- check with your provider for the Heating Discount scheme. You may get help towards public transport, dental Bill's eye tests, prescriptions.
We live 35 miles from the nearest grocery store and doctors. We retired to a lower cost area, significantly lower than most of our state. In making this choice we have relocated away from all of our friends and family. So we are very independent in our thinking. We do most projects by using what we have on hand, and making do. We have lowered all of our expenses to the lowest possible. We now look at how to trim our food budget costs. We buy in season, in bulk, and on clearance whenever possible. Then we can go through the winter months without any grocery shopping. That money gets tucked away, into a savings account that earns interest, at 30 days if we don't need it, it goes into mid term savings. At 90 days it will get moved to long term savings, if it is not needed for expenses.
Fantastic and thanks for sharing
So timely! I will soon be living on US Social Security. Big challenges ahead and your channel is so helpful.
Congratulations on your retirement
@@FrugalQueeninFrance Thank you so much, dear lady. I am apprehensive and yet look forward to escaping the rat race. Thanks again for your marvelous advice!
Thank you and your husband-your tips and kind talking help keep me calm and ever so hopeful in these tumultuous times when everything feels out of control-watching from New York!!!!
Thanks Brenda
Hi Jane! I just discovered your channel and this is a great video. I am now a new subscriber! I am 51 and my husband is 54 and we are completely debt/mortgage free. We have a very small house and I often dream about having a larger home but then it's videos like these that snap me back to reality. A bigger home would just mean higher taxes, higher heating bills, etc., and I certainly don't want to pay a mortgage again. It's a great feeling that every dime we make can go to our savings and anything we want. Of course we have our car/home insurance, electric and phone but it really is the greatest feeling to be debt free. Thank you again for this great video and I look forward to viewing more of them!
Hello and welcome. There’s plenty more videos for you to enjoy, with new videos every Sunday, Wednesday and Friday.
Fabulous video Jane. My mistake has been having only one savings account for everything and then feeling discouraged when i see my savings dwindle because I need to access it for the 'it's going to happen' things. So from next month I shall be putting less in the long term savings account , but still saving and watching that amount grow and I shall also be putting away the correct monthly amount in my new 'it's going to happen account' . I've also managed to convince my teenage son that Aldi burgers in a bun taste much better than McDonalds which has curbed his takeaway habit , so no more drips there.
Good for you. We only have three accounts but keep an old fashioned accounts book to show savings for the different funds. It works for us. We also staple receipts in there when we spend from those sinking funds and accounts.
@@FrugalQueeninFrance I am the same, have two main savings accounts - short term and long term, and just record the additions and withdrawals in a cash book. IN UK a good way to save is to use regular/monthly savings accounts from bank. I use these for my bills, clothing, presents. It does the same job as your 'sinking funds' but I get paid interest!
Love your idea of giving things a trim. Thank you for sharing these excellent tips.
It's makes it sustainable,. little trim and you won't even feel the difference
Such great advice. Just a trim...what a concept! Also I like how you've arranged your room. Love the arrangement on the table behind you!
Thanks Julie
Hi Jane love your videos. My friends lived in France for 10 years and loved it. Unfortunately they had to return to UK due to ill health. Their smallholding is for sale if any of your friends want to move to France after seeing and being jealous of your lifestyle. ❤
That's a shame especially when they have such good healthcare in France.
@@FrugalQueeninFrance I know but a Scotsman needs home when he's very ill. Can't fault the health care in France or the fabulous weather.
hi jane, like you we live in France, early retirees, and yes, living frugually is necessary; Since moving here 15 years ago, I have always kept a note of what we are buying, and it is so lovely that the people here do not keep up with the jones's; Although I have an emergency budget, I find organisations here will let you divide your bills; For example the cesspit is to be emptied this week and the cost of 260.00 euros can be paid in 2 installments; at no extra cost; The same with the 4 tyres that had to be bought recently; payable over 3 months; life is grand x
La vie est belle
Hi Jane. Two things that have worked for me and my family: I have a calender where I write everything and anything that is going to happen, birthdays, payments due, when I will go for clothing or grocery shopping, that way, nothing should catch me by surprise and so secondly, I set aside money for it which is what you call sinking funds. This way, I avoid fees and I always feel prepared and never worry. Very good advice for anyone.
Thanks for watching and sharing
My son will be watching this soon. Even though I may want a certain something if It don’t fit in the budget don’t go places or online browsing to tempt yourself.don’t go to occasions or events that make you feel obligated to spend more than you know you should. If you must go be creative, stay on budget , start your plan as soon as you can,research research research online for creative ideas watch your budget. Don’t drip on expensive cards that are most likely going to go in the trash,buy an inexpensive blank and write your own sentiments, if you don’t know what to write,go online,millions of cards you can read and use the text..got to go love your channel.see you again I have 4 grown kids so they may listen to you.💐👏🏻
All good tips Tammy. Thanks for watching.
@@FrugalQueeninFrance I’m going to use the card idea tonight. Thanks!
I’m so glad your channel popped up on my feed!! This is the 1st video to watch and looking forward to the rest.
Thanks for watching and you’re most welcome
Super post! Liked, subscribed and saved for future reference. Great idea to cut expenses in small manageable ways, 5%. I always get overwhelmed with auto repairs, and it happens every year so shouldn’t be a surprise, should be planned for. One expense you mentioned is dental work. At 60 I notice that my friends of similar age and I are surprised that we need major dental work…bridges, crowns, implants. Even when we take good care of our teeth they get vulnerable with age. This is a major expense to budget for and being able to eat comfortably and smile freely has a big impact on our happiness!! Thank you Jane.
Dental work can be expensive. It can help to get estimates off dental websites, then save even if you don't need the work done. You then have a sinking fund saved for any potential dental work.
Just visited your channel . Can't wait to binge on your videos. Subscribed and smiling . Thank you. Blessings to all
You're welcome.
Finally a video with useful tips 😍
Thanks very much
If you have long hair you can pull your hair into a ponytail on the top of your head and then pull the pony straight up and trim the ends .It works really well and can save you 25 dollars or more every month to 2 months or so. Also, if you swish hydrogen peroxide in your mouth for 2 minutes per day it will whiten your teeth with professional strength. Learned this from a dentist.
Thanks for watching and taking the time to share.
Good tips, thanks. We also avoid wasting money. Many people buy more food and personal items than they can use, which ultimately gets thrown away.
Waste is so sad in a world of need.
Great Video, I am 56, he is 65. We are currently shopping for a new home (Purchasing) I am on disability, he still works. We are preparing for our future and doing it smart. We drive older cars that are paid for and live below our means. My friends call me "Frugal Francine"
That’s a great name to be called
Thank you for reminding me of the tiny things that need watching as we survive each month. One thing you do that I did not do is to keep your husband in the loop. When we were first married he had so much on his plate with learning to work at a steady job and cope with an illness that was only get worse. One of my jobs was just keep him safe. I took financial worry off his load. In retirement I need to allow him to join me in our budget journey. This is going to take both of us to be very patience with each other. I think this will be another adventure in our lives.
Best of luck Sue. If you’ve lasted together until retirement, you’ll find a way.