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:
333 | Unlocking Your First Mini-Retirement
332 | Transform Your Tax Return Into a Springboard for Financial Planning
331 | What Does Inflation Mean for Investors?
330 | Is there a Housing Market Bubble?
329 | The Investing Horserace
328 | Watch the Business Not the Stock
327 | Where Does Entrepreneurship Fit on Your Path to FI?
326 | Learn to Market Yourself and Your Skills in 2021 and Beyond
325 | Credibility and Boundaries for Winning at Life
324 | The Stages and Checkpoints of FI
323 | Pump and Dump
322 | Financially Bulletproof in a Pandemic
321 | Discovering the Power of FU Money
320 | How Many Days a Month Do You Experience Stress Related to Work?
319 | Make Your Kid a Millionaire
318 | 100 Ways to Get 1% Better
317 | All the Hacks | Chris Hutchins
316 | Is Your Pension Healthy? | Grumpus Maximus
315 | Is This the Golden Age of Investing?
314 | Is My Company's Stock Overpriced? | P.E. Ratio Explained
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