10 ways to save money, from a couple who lives on $13,000 a year by Kimberly Palmer on Nov 30, 2015, 2:00 PM Advertisement
 Being frugal might sound like it's about sacrifice and giving up luxury, but for the couple behind the popular blog Frugalwoods.com, it's anything but. "We don't consider our lifestyle to be one of deprivation," says Mrs. Frugalwoods (they use pen names on the blog and asked to remain anonymous to protect their day jobs). The 31-year-olds might not have the latest iPhone or subscribe to a full cable package, but they plan to retire at age 33 and live the life of their dreams in the Vermont woods. If you'd like to replicate their path, here are 10 of their strategies. SEE ALSO: 8 strategies to spend less money, from real people who save over half their income Instagram Embed:
http://instagram.com/p/8dcjCfGv2P/embed/
Width: 658px
Find creative ways to have small luxuries you enjoy. The couple loves drinking carbonated water, but constantly buying bottles of Perrier or SodaStream replacement canisters is not going to allow you to live on $13,000 a year, as the couple does. (They earn far more in their office jobs but opt to save the majority of their money.) Instead of drinking only tap water, they figured out how to get a CO2 tank for much less (by buying directly from a supply shop) and connect it to their SodaStream to make the drink.
Instagram Embed:
http://instagram.com/p/6F76meGvzC/embed/
Width: 658px
Be flexible about where you live. The Frugalwoods couple is currently searching for their dream homestead to retire to in 2017. They have settled on finding a property in a rural area of Vermont, but otherwise, they are pretty flexible about the specifics. If the land has maple trees, then they’ll possibly collect and sell maple syrup; if the property has apple trees, then they’ll pursue that agricultural route for fun and potential profit. Whatever the land offers, they are prepared to either build a new home or live in a house that is already built.
Instagram Embed:
http://instagram.com/p/9odYSKmv-v/embed/
Width: 658px
Insource as much as possible. Yes, insource – the opposite of outsource. Instead of paying someone to fix a leaky toilet, cut your hair or clean your home, you can handle all those tasks yourself. The Frugalwoods couple does just that, and while some tasks might take extra time, they say overall the strategy frees up their schedule. There’s no meeting repairmen or scheduling salon appointments to worry about.
See the rest of the story at Business Insider
| 
0 comments:
Post a Comment