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About Progress

AP 787: Want to Spend Less? How To Rethink Frugality and Change Your Habits Around Money || with Shang Saavedra

About Progress

Cloud10

Health & Fitness, Education, Mental Health, Self-improvement

4.91.3K Ratings

🗓️ 25 May 2026

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shang Saavedra is a personal finance expert who helped me rethink frugality in a liberating way. Our conversation explored the emotional roots of our money habits, revealing how mental health significantly impacts financial literacy. Shang shared her personal story of living off 20% of her income during her twenties, not out of scarcity, but with the goal of buying time and freedom later. This approach was truly eye-opening, showing me that frugality can lead to joy when it's aligned with our values. Shang's inspiring and compassionate approach left me feeling more empowered and hopeful about my financial journey, and I hope sharing her insights will motivate you to embark on your path to financial freedom too. Shang's free investing guide, Instagram, website Referenced ⁠IG post⁠ Preorder Sticky Habits book today! Join the Book Launch Committee for behind-the-scenes and first peeks at all things book. Join the Supporters Club to keep About Progress around for good. Get the free DSL Training. Get the Best Summer Ever Workshop at half-off old pricing!  Recent episode on a similar topic: https://www.aboutprogress.com/blog/you-re-not-bad-at-money-how-to-build-a-system-instead-of-a-budget-with-rebecca-palmer Get your AirDoctor purifier for up to $300 off with the discount code “MONICA.”  Get your teen Knix with code “PROGRESS.” Go to Quince for free shipping on your order and 365-day returns. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

And like, wow, Sean, I can never do that. Or that looks like a really poor, unfun life.

0:05.4

Yeah. And I think it's because that's you trying to put yourself into the context of what I was doing, but without knowing what the end goal was.

0:13.4

For me, my frugality was by the ultimate, most expensive resource in the world, Time. I truly believe that for all of us,

0:23.3

time is the most expensive thing that we can buy.

0:32.4

Hi, this is Monica Packer, and you're listening to About Progress, where we are about

0:37.1

progress made practical. Thank you. This is Monica Packer, and you're listening to About Progress, where we are about progress

0:37.7

made practical.

0:41.7

I know money is on a lot of our minds right now, with gas prices going up, groceries never

0:47.6

seeming to come back down after big rises.

0:50.8

It seems like all of us are really worried about our spending habits. And at the same time,

0:56.2

I think there are a few more vulnerable topics than money. For a lot of us, even the word

1:02.3

can immediately bring up fear or shame or guilt or even just this quiet, simmering worry

1:09.1

that we're not doing it right. To help lessen the stress

1:12.7

that money is creating in your life and to provide realistic ways you can spend less without

1:18.1

becoming so scarcity-bound, I interviewed Shang Savedra, a personal finance expert, about how

1:24.7

to think wealthy, yes, wealthy, and live more frugally in today's ever-changing

1:30.2

financial climate. Money is surprisingly emotional, so that's actually where we start,

1:36.2

by getting clear about the emotional roots of our money habits, how our childhood experiences,

1:41.7

perfectionism, stress, and even mental health can shape the way we

1:45.9

spend, save, avoid, or obsess over money. And then we also talk about how to practically

1:52.6

change those money habits. This episode helped me rethink frugality in a way that felt

1:58.6

freeing instead of fear base, which is a very rare approach

...

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