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Living the Frugal Life *Official Thread*
04-03-2017, 06:22 PM
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#91
04-03-2017, 06:43 PM
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#92
Originally Posted By Bhruninha⏩
It's a huge real estate forum with an insane amount of info regarding real estate. There are many CPA's such as yourself that have become real estate investors. They have a podcast and it's incredible.No, what is that?
BiggerPockets.com
04-03-2017, 06:46 PM
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#93
Originally Posted By SaviorSelfJT⏩
Repped! Thanks a ton. Will be doing some reading for the next few days and see about moving my money around.Here's a good place to start:
https://www.bogleheads.org/wiki/Vide...ent_philosophy
There's also a forum there if you are interested
https://www.bogleheads.org/wiki/Vide...ent_philosophy
There's also a forum there if you are interested
04-03-2017, 06:59 PM
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#94
Originally Posted By Mike1991⏩
~$5500 a month is $100k salary in california. how much are you pulling in a month to be able to save 5-8k?Frugal crew checking in
Able to save 5-8k/month
Live in a chitty house well below my means, bike to work (no car), don't eat out, don't really go out too much, and if I do I pre drink. All my hobbies are fitness/health related. Working out, biking, swimming, reading.
I invest everything I save aggressively and should be able to retire by 32
Able to save 5-8k/month
Live in a chitty house well below my means, bike to work (no car), don't eat out, don't really go out too much, and if I do I pre drink. All my hobbies are fitness/health related. Working out, biking, swimming, reading.
I invest everything I save aggressively and should be able to retire by 32
Los Angeles Misc Crew
04-03-2017, 07:00 PM
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#95
- mp83
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- mp83
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Originally Posted By Mike1991⏩
Damn, I am impressed. I am hoping to be financially independent in about 10 years (will be 43). I put away $4.5k per monthFrugal crew checking in
Able to save 5-8k/month
Live in a chitty house well below my means, bike to work (no car), don't eat out, don't really go out too much, and if I do I pre drink. All my hobbies are fitness/health related. Working out, biking, swimming, reading.
I invest everything I save aggressively and should be able to retire by 32
Able to save 5-8k/month
Live in a chitty house well below my means, bike to work (no car), don't eat out, don't really go out too much, and if I do I pre drink. All my hobbies are fitness/health related. Working out, biking, swimming, reading.
I invest everything I save aggressively and should be able to retire by 32
Originally Posted By IH8RICE⏩
Bogleheads philosophy is awesome. Even Warren Buffet recommends itRepped! Thanks a ton. Will be doing some reading for the next few days and see about moving my money around.
{Misc Fisherman Crew}
{Misc Investing Crew}
04-03-2017, 07:08 PM
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#96
04-03-2017, 07:11 PM
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#97
- frozennorth
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- frozennorth
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In on this. I eat out once a week, drive a 10 year old car. Only debt is mortgage which is still lower than the average rent in my city
Manchester United
04-03-2017, 07:13 PM
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#98
- wailshark
- HNNNNNGGGGGHHHHHHH
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- wailshark
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Mirin' some of the savings in here. Thought I was doing well putting away ~1k a month in addition to paying down mortgage aggressively in an insane housing market but some of you put me to shame. Reps on RC
‾\_(ツ)_/‾
04-03-2017, 07:31 PM
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#99
Originally Posted By Mangino⏩
You have to have money to be frugal with when you're old. When you run out, you can't just go out and get another job like when you were young spending all of your money.But at the cost of what?
Rather live it up now and be frugal when I'm old.
Rather live it up now and be frugal when I'm old.
04-03-2017, 07:40 PM
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#100
- Tomohokk
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- Tomohokk
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The point of life is to live free. Don't spend on things for the sake of it - eating out, etc.
Spend it on the things you really want. Rather have a few nice things than a lot of mediocre things.
Balance.
Spend it on the things you really want. Rather have a few nice things than a lot of mediocre things.
Balance.
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...............................R.I.P.................................
.............Aziz "Zyzz" Sergeyevich Shavershian.........
.................₪₪₪₪₪₪1989-2011₪₪₪₪₪₪.............
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04-03-2017, 07:50 PM
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#101
- IlChosenOne
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- IlChosenOne
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Originally Posted By Mike1991⏩
Able to save 5-8k/month
You better provide some more info on what you do to make that kind of money at 26
* Rawdog crew * Creampie crew * Poverty crew *
Haven't worn a condom since middle school crew
* HTC crew *
04-03-2017, 07:53 PM
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#102
Originally Posted By IH8RICE⏩
Awesome, I'll check this out. Thank you!It's a huge real estate forum with an insane amount of info regarding real estate. There are many CPA's such as yourself that have become real estate investors. They have a podcast and it's incredible.
BiggerPockets.com
BiggerPockets.com
Pink dumbbells crew
Hard time opening heavy doors crew
Can't reach the top shelf crew
Helpless crew
04-03-2017, 08:16 PM
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#103
04-03-2017, 08:49 PM
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#104
- mrc19888
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- mrc19888
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Drive a 24 year old Toyota Camry crew. I bought a rental two years ago and make "milk money" off that. I've been agressively trying to get into flipping in my area. It's taken me 10 years of saving to have this opportunity. I hope it pans out.
I woke up this morning still breathing. Might as well take advantage of it.
Working every day to be just a little stronger, healthier, or smarter than yesterday.
04-03-2017, 08:54 PM
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#105
- Adarus
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- Adarus
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Originally Posted By mrc19888⏩
I've looked into flipping a property as well but I'm going to hold off a few years and see how the housing market does here. Right now homes in my town are selling higher than they ever have, there'd be no money to be made by the time you completed repairs and renovations to get it ready for listing.Drive a 24 year old Toyota Camry crew. I bought a rental two years ago and make "milk money" off that. I've been agressively trying to get into flipping in my area. It's taken me 10 years of saving to have this opportunity. I hope it pans out.
MFC
04-03-2017, 09:09 PM
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#106
- orangetide
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- orangetide
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Some perspective for frugal brahs:
Best friend and his gf were frugal as fuk.
They had a chit ton saved up.
Then boom, they died after being rear ended and pushed into traffic.
They never lived, they never got to enjoy their life. They just stayed in and saved.
Best friend and his gf were frugal as fuk.
They had a chit ton saved up.
Then boom, they died after being rear ended and pushed into traffic.
They never lived, they never got to enjoy their life. They just stayed in and saved.
04-03-2017, 09:12 PM
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#107
- FlexLex
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- FlexLex
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You had me until "living in my moms attached apartment."
You arent being frugal by living in your moms basement, errr, I mean apartment. If you want to subtly brag about how much you save while being frugal, do it when you are truly on your own and have real person rent/bills, etc. Until then you are essentially living with mommy and daddy and giving them a gift to do so...
You arent being frugal by living in your moms basement, errr, I mean apartment. If you want to subtly brag about how much you save while being frugal, do it when you are truly on your own and have real person rent/bills, etc. Until then you are essentially living with mommy and daddy and giving them a gift to do so...
Phila crew
Healthcare Crew
04-03-2017, 09:16 PM
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#108
Originally Posted By mrc19888⏩
Good luck!Drive a 24 year old Toyota Camry crew. I bought a rental two years ago and make "milk money" off that. I've been agressively trying to get into flipping in my area. It's taken me 10 years of saving to have this opportunity. I hope it pans out.
Pink dumbbells crew
Hard time opening heavy doors crew
Can't reach the top shelf crew
Helpless crew
04-03-2017, 09:17 PM
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#109
- 28maynard
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- 28maynard
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Originally Posted By IH8RICE⏩
Can confirm. I stumbled across it recently while researching a secondary incomeIt's a huge real estate forum with an insane amount of info regarding real estate. There are many CPA's such as yourself that have become real estate investors. They have a podcast and it's incredible.
BiggerPockets.com
BiggerPockets.com
04-03-2017, 09:21 PM
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#110
- axiom15
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- axiom15
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Checking in.
Haven't had a job for 2 years, 0 money $40k debt. Just got a job making very close to 6 figures if I want to. I made a plan when I was broke and I'm finally able to get it started. No bills besides my phone ($50/month at most), brb saving it all
Haven't had a job for 2 years, 0 money $40k debt. Just got a job making very close to 6 figures if I want to. I made a plan when I was broke and I'm finally able to get it started. No bills besides my phone ($50/month at most), brb saving it all
04-03-2017, 09:22 PM
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#111
- Manletbolic
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- Manletbolic
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Originally Posted By Aesthetical⏩
Op you been checking early retirement extreme or money moustache?There is a difference in being cheap and being frugal.
One has the financial wherewithal to understand their financial situation and budget, knowing what and where to spend money.
The other has a poor mans mindset and through actions and word, is cheap.
My wife and I are able to save $1600+/mo living the frugal lifestyle. But we are not lacking in amenities, we just dont have poor spending habits.
A costco membership through my workplace enables us to save a chit ton of money of chicken breast, almonds, almond butter, frozen fruits, bread, etc that we can buy in bulk for the month.
Our weekly trips to the grocery store are for fresh fruits/veggies, ground turkey, and weekly items. We probably save 100-200/mo just on our grocery bill like this.
We rarely go to the movies, but if we do its on $7 tickets on Tuesday night. Bring in our own candy and drinks in her purse.
Do not eat out on week night unless a special occasion.
Mostly brew our own coffee at home, but I need my iced coffee from the local coffee house so I have a coffee budget.
Other than that there is no spending during the week, so we can do fun things on the weekend, or stay at home and keep on saving.
Only pay $900 in rent living in my mothers home's attached apartment while we save for a condo/house. At that point we will only increase the monthly rent/mortgage budget up a few hundred.
Both drive old cars, from 2004 & 2006. Insurance together is only $84 through Geico with good coverage.
On virgin mobile phone plans paying $30/mo plus tax for unlimited /5g internet.
We have dreams of one day being financially independent and we both have a good head on our shoulders when it comes to money.
Would like to retire close to a beach.
One has the financial wherewithal to understand their financial situation and budget, knowing what and where to spend money.
The other has a poor mans mindset and through actions and word, is cheap.
My wife and I are able to save $1600+/mo living the frugal lifestyle. But we are not lacking in amenities, we just dont have poor spending habits.
A costco membership through my workplace enables us to save a chit ton of money of chicken breast, almonds, almond butter, frozen fruits, bread, etc that we can buy in bulk for the month.
Our weekly trips to the grocery store are for fresh fruits/veggies, ground turkey, and weekly items. We probably save 100-200/mo just on our grocery bill like this.
We rarely go to the movies, but if we do its on $7 tickets on Tuesday night. Bring in our own candy and drinks in her purse.
Do not eat out on week night unless a special occasion.
Mostly brew our own coffee at home, but I need my iced coffee from the local coffee house so I have a coffee budget.
Other than that there is no spending during the week, so we can do fun things on the weekend, or stay at home and keep on saving.
Only pay $900 in rent living in my mothers home's attached apartment while we save for a condo/house. At that point we will only increase the monthly rent/mortgage budget up a few hundred.
Both drive old cars, from 2004 & 2006. Insurance together is only $84 through Geico with good coverage.
On virgin mobile phone plans paying $30/mo plus tax for unlimited /5g internet.
We have dreams of one day being financially independent and we both have a good head on our shoulders when it comes to money.
Would like to retire close to a beach.
Good pointers and good wife!
The coming of the Manlet saviour
Wants a pair of chuck norris jeans crew
04-03-2017, 09:41 PM
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#112
- phagtastic
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- phagtastic
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I used to be a bad spender, so I don't have a whole lot saved.
Currently, I owe about 4k on a used car, 2k on a credit card (did a balance transfer so no interest), and about $500 on my LASIK bills.
I find that if I cut out a lot of small things, it adds up. No fast food runs, no 7-11 energy drinks, no Dunkin Donuts coffee runs.
Got any tips on what to buy at Costco in bulk? I meal prep once a week.
Currently, I owe about 4k on a used car, 2k on a credit card (did a balance transfer so no interest), and about $500 on my LASIK bills.
I find that if I cut out a lot of small things, it adds up. No fast food runs, no 7-11 energy drinks, no Dunkin Donuts coffee runs.
Got any tips on what to buy at Costco in bulk? I meal prep once a week.
350 lift it *******
04-03-2017, 10:00 PM
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#113
- thisisnotxoxo
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- thisisnotxoxo
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I really enjoyed the documentary Minimalism on Netflix. One thing that really resonated with me was that it wasn't about living uncomfortably, bare-bones with no material possessions, but rather only buying things that add true value to your life. Keyword is value. I think about this before I grab gross takeout food instead of cooking or I buy some crappy kitchen appliance that I don't need (electric wine opener. put that back).
Back from Band Camp.
New 2017 Goals:
Please PM favorite healthy recipes or cardio routines. Thx!
04-03-2017, 10:03 PM
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#114
- axiom15
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- axiom15
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Originally Posted By thisisnotxoxo⏩
I'm already aware on minimalism, would you still recommend watching that?I really enjoyed the documentary Minimalism on Netflix. One thing that really resonated with me was that it wasn't about living uncomfortably, bare-bones with no material possessions, but rather only buying things that add true value to your life. Keyword is value. I think about this before I grab gross takeout food instead of cooking or I buy some crappy kitchen appliance that I don't need (electric wine opener. put that back).
04-03-2017, 10:15 PM
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#115
- thisisnotxoxo
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- thisisnotxoxo
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Originally Posted By axiom15⏩
Definitely worth an hour of your life. I couldn't live out of a suitcase like those guys, but their message is the truth. Our society wastes SO much; its obscene. A little mindfulness goes a long way. I love everything that I have. I cook delicious meals with high quality ingredients. I have enough, without sacrificing comfort.I'm already aware on minimalism, would you still recommend watching that?
Back from Band Camp.
New 2017 Goals:
Please PM favorite healthy recipes or cardio routines. Thx!
04-03-2017, 10:19 PM
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#116
Originally Posted By thisisnotxoxo⏩
That's very true! Around Christmas time I made a list of random things that I needed to buy for myself and then I got busy and traveled, forgot about said list. Two months later I found it again and realized I didn't need or want ANY of those items anymore. Had I bought them two months ago, probably would've used it once and then put it away.Definitely worth an hour of your life. I couldn't live out of a suitcase like those guys, but their message is the truth. Our society wastes SO much; its obscene. A little mindfulness goes a long way. I love everything that I have. I cook delicious meals with high quality ingredients. I have enough, without sacrificing comfort.
Pink dumbbells crew
Hard time opening heavy doors crew
Can't reach the top shelf crew
Helpless crew
04-03-2017, 10:31 PM
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#117
- MadNinjaSkills
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- MadNinjaSkills
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I totally agree with saving for the future. We hope to have enough saved over the next 5 years to put a huge down on a house. I rarely shop these days and when I do I shop at Marshall's, Ross, TJ.Maxx, Amazon, eBay. We also save on groceries by purchasing meat from Costco in bulk and freezing it in family size portions. Majority of meals are cooked at home. One of the best ways to save is by not having a huge family. Kids are expensive. By only having two children we will never need anything larger than a 3 bedroom house or a car that fits 5.
04-04-2017, 12:03 AM
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#118
- BericDondarrion
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- BericDondarrion
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I thought everyone here was 10k/day lol
When it all comes down
There'll be nothing left to catch you but ground
It's calling your name and filling your head
With delusions of glory
04-04-2017, 12:03 AM
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#119
In.
-I steal my buddies lighters when we smoke to save money on lighters.
-I borrow my roommate's car and never put in gas. I'm saving a lot in gas money.
-I steal beer from Highschool parties because I'm bigger than them. I save a lot on beer.
On average, I'd say I save $200 a month doing this. Not really to save money, but because I enjoy this lifestyle
-------Not srs about any of this, lmfao.
-I steal my buddies lighters when we smoke to save money on lighters.
-I borrow my roommate's car and never put in gas. I'm saving a lot in gas money.
-I steal beer from Highschool parties because I'm bigger than them. I save a lot on beer.
On average, I'd say I save $200 a month doing this. Not really to save money, but because I enjoy this lifestyle
-------Not srs about any of this, lmfao.
04-04-2017, 12:20 AM
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#120
- trippasnippa16
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- trippasnippa16
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Originally Posted By Mangino⏩
Live fast die young. Das it mane.But at the cost of what?
Rather live it up now and be frugal when I'm old.
Rather live it up now and be frugal when I'm old.
I want to abuse my body while it is young healthy and meant for doing crazy ****.
I dropped out of uni to avoid debt (I owe nothing) and for one year I am going to work two jobs and save up fat stacks.....
I am going to body board the biggest waves on earth, and climb some of the biggest peaks. No way I could do that **** later on if i had arthritis, etc...
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