We haven’t always been money saving experts. There are some lessons we learned later in life that we wish we knew way sooner. These are tips we misinterpreted early in life, looked down on, or just didn’t know. In this episode, we are going to share them now so you know how valuable they are.
Stop caring what other people think. Start caring what you think. Because you are your own worst critic.
#FrugalFriendsNote
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Not Prioritizing What Actually Matters
Jen and Jill talk about how they wish they had spent with more intention and focused their money on what truly improves their everyday life. Instead of chasing the cheapest option or constantly upgrading, buying quality for things used often and avoiding purchases that don’t meaningfully add value is the way to go. They also emphasize setting clear priorities and focusing on big expenses like housing, transportation, food, and insurance, since those have the biggest impact on your finances.
Not Reducing Mindless Spending
Another thing they wish they had realized sooner is how quickly convenience spending can add up. Today, convenience matters a lot, and when something is marketed as saving time or money, it’s easy to fall for it. They also realized that shopping isn’t really an activity and rarely provides lasting satisfaction, reminding us that just because something is easy, popular, or heavily marketed doesn’t mean it’s worth paying for.
Not Using and Maintaining What You Already Have
Lastly, Jen and Jill reflect on how they wish they learned earlier the importance of using what you already own before buying something new. This means starting at home first, finding new ways to use what’s already there, and borrowing from friends or community groups when needed. They share simple principles to live by: reuse, repair, borrow, and maintain before purchasing.
Most recent money-saving tip you learned or practiced
Jen thinks that deals are marketing and she will die on that hill, whereas Jill sticks to the belief that fun doesn’t have to be expensive.
Bill of The Week
Thanks Meg for your bill about $117 part that you replaced yourself!
Thanks so Much for Listening!
Thanks so much for listening. We love love love reading your kind reviews of our book Buy What You Love Without Going Broke and we especially loved this one from:
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Genuine book with genuine advice!
I loved this book! I got to know the authors through listening to their podcast. This book is a great compacted version of some of their best tips (and more!). It has a great vibe and shares stories of the authors and fellow readers, which makes me feel like I’m not alone in my money struggles!
I also feel like the advice here is both practical and achievable! And the best part? If you don’t like the options given, there’s other advice available within the book! They provide so many unique perspectives and show how it ACTUALLY works!
Trevor Dixon
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