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29 comments
Can you link your drying rack? I don't know where to find it to buy.
I moved to Seattle nearly 9 years ago and gave up my car… mostly because I needed to be able to afford the rent here. But I don't miss it and hope to never need one again. The transit here is pretty good (yes, by US standards… we aren't Europe) and I work from home. But I take public transit most days to get around the city. I take Uber now and then if it helps get me somewhere faster (or drier, as the case may be here in the winter). Peter, I really like the 1% rule. I actually think I may try it for a month, then compare just taking 1% off my income… see which is higher (I'm self-employed, so it varies). It won't be a huge amount and might even do 2%… thanks for that! I've found that I will splurge on the things that are truly important to me (and change things up when I realize I'm not enjoying them anymore)… I think the key is to constantly evaluate.
Sold my car 5 years ago saving over 900 dollars monthly on running costs parking fees and high insurance. My best move ever in my life. Purchased a push bike that also keeps me fit saving large gym membership that I also no longer pay annually.
Solid tips man! Love the ideas and the jokes too!!
da cheese is good thanks, but what is it?
I took my card information off all the online marketplaces I frequent so now if I want or need something I have to go get my card. Most of the time that’s enough for me to not buy anything.
Share cars. Does every driving-age member of your family have his or her own vehicle? If so, figure out if you can sell one. Most people drive only about an hour a day, so coordinate schedules and own fewer automobiles. You'll spend less on liability insurance and pay down some debt with the money you get for the car. (I did this when we moved to a town that allowed me to walk to the train station, where I caught a train to my job.)
The last one is how I’ve been the last year. I can pick something up in a shop, proclaim I love it, and then put it back down, because I realised I can love it right there and not take it home with me. I’ve had one or two slip ups but overall I am in a much better relationship with both money and my home than I have ever been.
there are apps you can get that round up every purchase you make to the next full £/$ and put the difference in savings
I add a followup question to "What value will this item that I want to purchase add to my life?" If I can justify the value, then the next question is "Where am I going to put it?" And don't ignore this, There needs to be a space reserved for this item, or some other item has to go. These two questions have saved me from many many clutter-filled spaces in my home.
Here in the USA I go to Costco with a list and 30 minutes before they close. This gives me no time to cruise slowly through the store. I only have time to get my list. I save time and money and the store isn’t busy.
Appreciate the stroopwafel pronunciation lesson. I love stroopwafels! Not that easy to come by in Sweden, but if I see them, I buy them!
I can speak for some Americans (especially those of us living in rural or suburban areas) that driving cars is unfortunately necessary for a lot of us. Our towns are not accessible by walking or cycling a lot of the time and it’s a huge problem. My suburban city doesn’t have any kind of public transportation either. How we get by frugally is investing in car repairs and maintenance regularly in order to keep older cars working well for many years. Having a small car with excellent gas mileage is also the way to go. I work from home too and that saves me money on tires, more maintenance work, parking fees, and gas. These tips are great and I love the 1% rule!
those waffles are so good
I’m really begging you to find this book. Diamond Riches Formula by John Barth is unreal. Please, drop everything you’re doing and read it … the money making strategies inside changed me so much I’m literally emotional writing this. It’s not just a book, it’s a total shift in how you see wealth. If you’re even a little serious about changing your financial life, don’t sleep on this one
I shave my head and do not pay a barber. When I am done, I transfer $25 + $5 tip into my HYSA savings account.
😂 love the language lesson
🍋👀🫙🐛😂💖🍀👍
imade a five year plan, being really frugal-i just have to
Wonderful advice Peter. You make common sense easy to do. Thank you.
Lately, I've been seeing sales pitches for retailers that are "closing" in X number of days, so buy now. Some have been "closing" for months. Also, it can sometimes be hard unsubscribe, so I create a rule thst sends those pesky emails to trash. One and done.
Great tips. I'm going to try a 5% rule on all non housing or medical related costs. I'll even try it with groceries- put 5% into savings/investment.
Awesome tip, Peter!
Unfortunately, HOAs don't allow outdoor clotheslines.
Stroopwafels are amazing. I've seen em in the supermarket in Israel. People start to learn!
I never shop with the list. I use to walk around the shop, searching carefully what is on sale, or reduced priced because of expiration. I never throw food away. When I cook, I just adjust recipes based on my stock, or inspire on internet. I think this way I save more many – as all my goods are bought only on discounted price. I don't buy sweets, sweet drinks, or something premade…. because I love cooking, and it tastes much better and is more nutritious what I cook. If I can't use something immediately, I process it and freeze it.
Another great video Pete thank you. The 1% rule is a good one, I used to save coins given as change from a note. It's amazing how much accumulates over a month or two. Those 'coppers' added up to being able to buy my children toys at christmas when we were on a shoestring budget.
I use charity shops (Thrift Stores) to root out good quality clothing. It's amazing how many people donate clothes they have never worn or couldn't be bother to return them to the shops.
I also use the 10 second rule but in a slightly different way. I will look at something and think of what else I could buy with the amount of money being asked for. Comparing can make you realise you don't need to impulse buy.
I live with most of all the things mentioned, however a car is a must. In an emergency, like a pet needs to go to the pet ER or vets, groceries for 2 wks. like we do in the US, doctor appointments, etc. It provides security..especially for women. Even when I lived in Boston where its not needed like most European cities..it's still a deal breaker for me. Just drive less and use it wisely.Public transport is just that PUBLIC! No thanks.
I've recently changed my mindset and become frugal. I set myself a realistic budget for food and although I have always meal prepped from whole foods I often bought too much and ended up throwing food away. Now I plan ahead and buy strictly what I need plus a bar of dark chocolate per week as a treat.
I used to splash out any 'leftover' money on clothes but I've recently started selling on Vinted. It brings me so much more joy to sell something than to spend money. It's incredible how much I've already saved on a very low wage.
Brit living in California where the weather here is either hot or less hot. We don't have a dryer but pretty much everyone uses a dryer even in summer when it's quicker to hang them outside. Sometimes by the time I finished hanging it all up, the first stuff is ready to be taken in again!