In this episode: frugality, value based spending, honoring your season, identity, budgets, financial goals, and minimalism.
When you think of the word frugal what comes to mind? To some it can mean spending on what you absolutely need and leaving little wiggle room for anything else, but to others frugality is not just a restrictive budget but a superpower! This week we are joined by Jen and Jill of the Frugal Friends podcast to discuss the intersectionality of frugality and the FI journey, as well as finding the balance between budgeting to invest in the future you want without depriving yourself in the present. Mindfulness and paying attention to the things you spend money on is an important part of the FI journey, but it is just as important to be mindful of the things that bring value and joy into your life. While budgeting and reducing your spending can help you reach the FI finish line a bit quicker, it should never be at the expense of cutting out the things in your life that are fulfilling! Implementing frugal habits and finding a budget that works and changes with your life can be an incredible tool while on the path to FI, because not only does it open up opportunities to invest monetarily, but also invest in yourself and the life you want to live!
Frugal Friends:
Timestamps:
Resources Mentioned In Today’s Episode:
More Helpful Links and FI Resources:
413 | Mental Wealth & Healing | Rich Jones
412 | What's In Your Index Fund? | Katie & Alan Donegan
411 | The Simple Path to Wealth | JL Collins
410 | Short-Term Rentals on the Path to FI | Kelly Cronin
409 | 401(k), Mega Backdoor Roth and the Premium Tax Credit | Sean Mullaney
408 | Debt Payoff, Disney & Taking Action | Audrey
407 | Kristi | Households of FI Update
406 | 18 Months of Massive Action | Josue
405 | Matt & Meg | Households of FI Update
404 | Just Keep Buying | Nick Maggiulli
403 | Alignment & Adjustments | Scott & Taylor Rieckens
402 | Vivian | Households of FI Update
401 | Court from Modern FImily Returns
400 | Zach & Marilyn | Households of FI Update
399 | Money with Katie | Katie Gatti
398 | Troy & Lindsay | Households of FI Update
397 | Securing Your Financial Life
396 | The Valuist | Bo Loy
395 | The Debtist Finds Balance in FI
394 | From Blood Cancer to Boston Marathon | Boyd Dunleavey
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