1661: 11 Ways to Save Money by Andy with JenHayes.me on Ways to Be Frugal and Live A Debt Free Life

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🗓️ 26 September 2021

⏱️ 10 minutes

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Summary

Andy with Jen Hayes.me shares 11 ways to save money Episode 1661: 11 Ways to Save Money by Andy with JenHayes.me on Ways to Be Frugal and Live A Debt Free Life A few years ago, Jen and her husband were buried in $117,000 of student loan debt. Now, they've paid off over $100k of debt, and they're on track to have the rest paid off by the end of this year. Join their email list to get exclusive tips on how to save money, earn more, and live like no one else. The original post is located here: https://www.jenhayes.me//11-ways-to-save-money/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	This is Optimal Finance Daily episode 1661, 11 Ways to Save Money in 2016, by Andy, with
0:08.0	Jen Hayes.me. And I'm your host and personal finance enthusiast, Diana Mariam. This is the show
0:14.6	where I narrate posts from thought leaders in personal finance every single day of the year,
0:19.2	in 10 minutes or less. And before we get to it, I wanted to make sure that you know
0:23.9	that we have a weekly newsletter sharing tips, tricks, advice, inspirational quotes, and more.
0:29.3	It's a great way to show your support and totally free. Just enter your email address
0:34.1	at oldpodcast.com to join. And while this article talks about saving money in 2016,
0:41.1	I think you'll agree that the advice is pretty timeless. So with that, let's get right to today's
0:46.9	post and continue optimizing your life. 11 Ways to Save Money in 2016, by Andy, with Jen Hayes.me.
1:00.1	Is one of your New Year's resolutions to save money? Living a frugal life doesn't necessarily
1:06.0	mean clipping coupons on every single occasion or skipping your morning coffee in order to save
1:11.3	money. It's much more than you think. The scopes of frugality are vast. Frugality is more like
1:19.0	a way of life or a habit. If you want to live a frugal life, you'll have to practice frugality.
1:26.2	Here are 11 ways to stay frugal. If this list seems overwhelming at first, start with one item
1:32.6	and take it one step at a time. Number one, live within your means. Until and unless we realize
1:41.4	our spending threshold or capabilities, we won't be able to live within our means.
1:47.0	Living within your means is maintaining a lifestyle that your present income can afford
1:51.9	only after having a significant monthly savings. Don't get carried away by the lifestyles of your
1:57.9	friends and neighbors or what others say about the lifestyle you're leading. When you're writing
2:03.3	the story of your life, don't let another person hold the pen. Number two, salary minus savings
2:11.2	equals expenses. Unfortunately, many of us take the opposite approach. What we often do is salary
2:18.8	minus expenses equals savings. Consequently, we're never able to save a significant amount at the
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