Posted on 03/05/2025 9:26:39 PM PST by aquila48
In today’s economy, being frugal isn’t just a choice; it’s a necessity for many. This article illuminates specific areas where frugal people typically avoid spending. By understanding these spending habits, readers can learn not only to save money but also to prioritize expenditures that contribute to long-term financial health and well-being.
- Brand New Vehicles
- Expensive Coffees and Daily Takeouts
- Extended Warranties and Unnecessary Insurance
- Latest Tech Gadgets
- High-End Clothing Brands
- Trendy Diets and Fitness Fads
The Art of Spending Wisely....
(Excerpt) Read more at yourmoneytoday.net ...
Excellent! I’ve got detailed spending data and we have been cutting in a lot of areas. We are still drawing down savings and investments at more than our target of 4% per year which is worrisome. But we are still 55% in equities and the stock market returns have been good for us.
We have a 12 year old Honda with a little more than 40K miles on it. We’ve never had a major problem with it, but I’ve thought of buying an extended warranty for it.
In the past, I didn’t think I could buy one for something that old; but lately some ads suggest that one can.
I just wonder if it’s worth the expense, as opposed to just going along as we are and buying another new car when costs get to where that makes more sense.
I’ve found this guy on the ‘Holy Schmidt’ YouTube channel useful:
https://www.youtube.com/@HolySchmidt/videos
Wow, 40K miles is almost new. I had a truck with a Cummins Turbo diesel engine that had a bit less than 100k on it after 15 years. I thought that was almost new when we sold it. I never buy extended warrenties on anything. I make sure all of the maintence stuff is done though.
Took two years and a lawyer to get paid but by that time, due to the crazy interest rates that popped on the cards when I was late one month on several of them, I was quickly buried.
Took me several years to pay off the mess, but I did. And I never had another credit card again. That was 15 years ago. Debit cards? Yes. Credit cards? Not for me. . . Cash, as always, is king.
I was slightly off – husband says the car now has 42K.
We don’t have to drive much. Work is two miles away, and most shopping just a mile or even a couple of blocks away.
Yes, we keep up with all the maintenance. The weird thing is that only a month or so after we bought that car, a lady in a big SUV rear ended us hard, doing about $6K in damage. Her insurer had it fixed as good as new, and there was never even a problem with that.
I have to say I’m very impressed with Honda, and would probably buy another one.
We NEVER spend money on those 6 things.
Eating out, even at very nice places, we never order beverages except water, and very rarely order coffee except when we’re traveling and need our daily caffeine.
We don’t see eye-to-eye on several things, but how, when, where to spend money is where we’re 100% in alignment.
It helps that we both hate to shop.
My boss was the one who gave me that advice! And he was right!
Well said.
‘09 Subie Outback, almost 300k miles, runs well. That’s “frugal”, and great in snow with good tires, too!:-)
‘09 Subie Outback, almost 300k miles, runs well. That’s “frugal”, and great in snow with good tires, too!:-)
I prefer to buy new vehicles. Since I keep them 6-7 years, the depreciation loss that happens after driving it off the lot is irrelevant.
“download from torrents sites”
I only get old movies there. No VPN needed. The studios don’t care about those old movies anymore. Such as Dr Zhivago. Peak luminous Julie Christie......
https://www.dailymail.co.uk/tvshowbiz/article-13658505/Julie-Christie-husband-Duncan-Campbell-Donald-Sutherlands-death-controversial-debate-sex.html
I drive a 17 year-old Ford Escape I paid $5,000 for nine years ago. Had to get a new transmission 5 years ago, so I’m good for another 10 years.
Wife drives a 2015 loaded Honda Accord. Only has 35,000 miles on it.
We’re 71 and 69. At some point we might go to just one car, but insurance for both is only $140/month.
We’re at the age where we don’t eat as much as we used to, so we often split an order at a Mexican restaurant. We still tip very well; about 25%.
Non-frugal double post, though. Web (or FR?) keeps hanging up...
We’re at the age where we don’t eat as much as we used to, so we often split an order at a Mexican restaurant. We still tip very well; about 25%.
Half of 25% is 12.5%% .... not a terrible tip, but, not what it would be if you were ordering TWO meals :)
Two meals at 12.00, each = $24.00
Two teas @ 2.00, ea = $4.00
$28.00 ... x 25% = $7.00 tip
One meal = $12.00
Two teas = $4.00
$16.00 x 25% = $4.00
When we split, we bump the tip up to what it would be if we were both having an entree.
I don’t keep a real close eye on my expenditures. I check my two checking accounts and savings account every few days. If the total goes below $40,000, I start cutting back until my next SS check and very modest retirement check.
My wife does the same. If her checking and savings go below $40,000, she starts cutting back until her next retirement check.
I would add expensive sunglasses to the list - I used to get all of my sunglasses from the unclaimed baggage store for 50 cents a pair. I suspect I still have not spent what a fancy pair costs for all of the sunglasses I have ever owned.
“Not a nationwide chain yet, but I frequently enjoy inexpensive food and drinks at Whataburger.”
After they were purchased by a company out of Chicago, they started building outside of Texas. They are based in San Antonio, my old stomping ground.
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