25 Ways We SAVED $50,000 | Minimalist MONEY SAVING Tips

What's one tip you've used to save money? 🤍 Also, this video was inspired by my lovely friend Sarah from Abundantly Minimal. If you’re looking for more ways to save, check out her video! » Sarah’s video: https://www.youtube.com/watch?v=oMwW46V3s5s&t=1071s

1. Sell what you no longer use/need 2. Save first 3. Wait 24 hours before making a purchase 4. Increase your income 5. Own only one item 6. Cook instead of eating out 7. Be conscious of the utilities you use i.e turn electricals and water off when not in use 8. Create + stick to a budget 9. Buy second hand 10. Eliminate unused subscription services 11. Get a side hustle 12. Save on entertainment 13. Wait to upgrade 14. Go down to one car 15. Invest in quality 16. Shop smarter 17. Limit alcohol purchases 18. Use shopping lists 19. Don't carry debt 20. Limit coffee shops 21. Track your spending 22. Use items fully 23. Stop shopping sales 24. Nature related travel 25. Share virtual entertainment

I'm only 14, so i don't really have my own money, but these tips are very useful for the future ❤

Ok this tip is definitely not for everyone, but if you can, start early!!! I’m 23 and have been saving at lease $400 a month from my paycheck since I was 15. I also recommend if you can, live with your parents as long as possible. When you do move out, get a couple roommates to split the cost of living. When you’re young, you don’t need a massive space to yourself!

i'm 17 and i save all my money bc i don't have to paid anything, i live with my family and they give me all what i need, i've been working for like 2 years and i have saved a considerable amount of money, that makes me very happy! My dream is buy a house and renovate then rent it, save more money from my job and of the house rental and do the same until I have my real estate business :) ~ i'm sorry, english is not my first language but i can understand most, i love spend my time watching this kind of videos, they motivate me!

I’m 49 my husband 54, we are both retired with over $4 million in net worth. Currently I’m living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early.

I think eating out is also more unhealthy. When you prepare your food you can control the ingredients and how much oil etc. is added.

Tracking your spending really is eye opening. I thought I had a good handle on my money but when I actually created a budget and tracked my spending I saw how much I wasted on unnecessary purchases.

We paid off $70k in student and vehicle debt using a variety of tactics: the snowball method, having one car, not shopping as much and buying second hand, not eating out very often, selling a few things, and planning out the year's budget in advance, in combination with also gradually increasing our income through promotions/raises at work. Now we are debt-free and saving up for a down payment on a house using the same strategy.

Im 26, had $20K saved and put $6K into a Roth IRA and $10K into a taxable high percentage bond account.

Whats crazy is i've lived my whole life based on your tips. Growing up with my single mom, 3 brothers and sister we had to make everything stretch just to get by. When you have no other choice but to use everything to the full, only have 7-8 outfits for school, one pair of shoes that lasted 2 years, ONLY home cooked meals basically nothing fancy. Growing up like this really makes you appreciate little things and how far they can go. One of the best feelings now as an adult is going to the grocery and spoiling myself with foods i've never had. I'm humble for everything that's happened in my life and i wish more people would follow a lifestyle like this. I promise you'll still be happy with what you have just make the sacrifices. Great Video!

Whenever I hear someone say that you should invest in quality to save money in the long run, I think of something my great grandfather apparently used to say: We can’t afford to buy junk. This is more true than ever. For the sake of our minds, the environment, our future.

The key of not being poor is the ability to save no matter the amount of money you save.

I am 19 and started working november of 2019. Now while in quarantine I looked back and saw that I did not have any money saved even though I worked for 8 months already! I did not purchased like a car or new cellphone in which the majority of the money could go to. So all I did was to spend my money on things that nowadays do not bring me any sense of achievement or acquisition. Loved the video and I will definitely put them to work! Thank you ❤

Another one would be quitting all different kinds of drinks and just drink water

Joined the Navy at 18 with 7k in the bank. I did janitorial and smoked a lot of pot in high school. Left the Navy after months with 32k in the bank. Invested 29k in the S&P in late 90. Started working at UPS, Exide Battery and did concrete on Saturdays. Invested 1k a month every month into it, Cashed out 250k from the S&P and invested with my Financial advisor Lucy Maria Koss. Cashed out and Semi retired at 31. Took a year off. Traveled. Came home and started working part time for the insurance, entertainment and pocket change. Work isn't work when you don't have to work. Becoming wealthy can be done in few years. It feels like 60hr work weeks. Feel the pain of discipline early or feel the pain of regret later. I wish everyone well!

We always just donate; I don't want to deal with the headache of selling. Also, once I buy something, in accounting terms it's already a 'sunk cost' so donating it feels better than trying to sell.

I don't know who needs to hear this "Save to Invest! You are saving a day off work"

After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?

1. SELL WHAT YOU DON’T NEED 2. SAVE FIRST 3. WAIT 24 HOURS BEFORE BUYING SOMETHING 4. INCREASE YOUR INCOME 5. OWN ONLY ONE 6. COOK YOUR OWN FOOD 7. BE CONSCIOUS OF YOUR UTILITIES USE 8. CREATE A BUDGET + STICK TO IT 9. BUY SECONDHAND OR DIY 10. ELIMINATE UNUSED SUBSCRIPTIONS SERVICES 11. GET A SIDE HUSTLE 12. SAVE ON ENTERTAINMENT 13. WAIT TO UPGRADE 14. GO DOWN TO ONE CAR 15. BUY LESS, BUT BUY QUALITY 16. SHOPPING SMARTER 17. LIMIT ALCOHOL PURCHASES 18. USE SHOPPING LISTS 19. DON’T CARRY DEBT 20. LIMIT COFFEE SHOP VISITS 21. TRACK YOUR SPENDING 22. USE ITEMS FULLY 23. STOP SHOPPING SALES 24. CHOOSE NATURE-RELATED VACATIONS 25. SHARE VIRTUAL ENTERTAINMENT Excellent tips!