1752: [Part 2] How to Create Sustainable Money Habits by Liz of FrugalWoods on Personal Finance Routines

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 26 December 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Liz of Frugalwoods shares how to create sustainable money habits. This is part 2 of 2. Episode 1752: [Part 2] How to Create Sustainable Money Habits by Liz of FrugalWoods on Personal Finance Routines The Frugalwoods are ex-urban, rookie homesteaders finding contentment (and a lot of chores) on 66 acres in rural central Vermont along with their two young daughters. They write about a wide range of topics, including their experience as parents, their adventures as novice homesteaders, and the financial decisions that made their life possible. Their philosophy is that managing your money wisely enables you to pursue unusual aspirations and opens up a world of options for how to live your life. Through the application of frugality–coupled with good incomes and judicious financial management–they have created a life that they love living every single day. It’s not a life beholden to consumerism or the drive for material perfection or the incessant clarion call for more. The original post is located here: https://www.frugalwoods.com/2020/01/31/how-to-create-sustainable-money-habits/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1752.
0:04.2	How to Create Sustainable Money Habits, Part 2
0:08.0	by Liz of frugalwoods.com
0:10.6	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.8	Happy Kwanzaa if you're listening in real time and celebrating today?
0:18.8	This is the show where I narrate posts from thought leaders and personal finance
0:22.8	every single day of the year in 10 minutes or less.
0:26.0	But today's post is actually a continuation from yesterday.
0:30.0	So if you're new here, it'd be best to listen to yesterday's episode first.
0:34.1	That's episode 1751.
0:36.5	But if you're all caught up, let's finish up this post and continue optimizing your life.
0:46.0	How to Create Sustainable Money Habits, Part 2
0:49.5	by Liz of frugalwoods.com
0:53.3	Make Money Management Simple
0:56.2	For the most part, being good with your money means being simple with your money.
1:01.1	Only buy stuff you need and live below your means.
1:04.9	Avoid buying things you can't afford or don't need.
1:08.4	Don't fall victim to lifestyle inflation.
1:11.6	And save and invest your surplus money every month, plan for the long term.
1:18.0	That's pretty much it.
1:19.6	But most of us get hung up on the whole, avoid buying things you can't afford or don't need part.
1:25.5	It's not something to feel guilty or embarrassed about.
	...

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