Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
What have you done to be frugal?
Old 03-30-2013, 09:04 PM   #1
Recycles dryer sheets
 
Join Date: Mar 2013
Posts: 91
What have you done to be frugal?

In preparation for FIRE we have done many things including:
Gave up cable watch movies from library
Stopped trash service..what little we have we take to a public dumpster
Stopped eating expensive things like meat, fish and cheese (added health benefits)
Dropped collision on auto policy (cars are old enough we self insure)
Increased deductible on homeowners ins
Heat only rooms we live in during winter
Cell phones are pay as you go
No land line phone line
Buy jeans, tshirts and sweaters at thrift store (seattle goodwill is hands down best in the country...and i've looked!)
Bought furniture off craigslist
Make our own food..sauerkraut, spag sauce etc...much cheaper than store bought
Am sure there is more WHAT ELSE DO PEOPLE DO? Would love to learn!!
__________________

__________________
NoOneGetsIt is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-30-2013, 09:09 PM   #2
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
None of the things on your list, except dropping the land phone line.

Gotten debt-free and stayed that way for over 4 years now.

I have kept my net pay check at essentially the same amount for the last 5 years, holding expenses as close to the same as possible, saving the rest.
__________________

__________________
martyb is online now   Reply With Quote
Old 03-30-2013, 09:23 PM   #3
Dryer sheet wannabe
 
Join Date: Mar 2013
Location: Pine
Posts: 18
My wife and I buy almost all of our clothing and some household items at Kohls, only when stuff is on sale and we have a 30% off coupon. Clip coupons for groceries, and again only buy stuff when it's on sale.
__________________
Dave_S is offline   Reply With Quote
Old 03-30-2013, 09:34 PM   #4
Thinks s/he gets paid by the post
heeyy_joe's Avatar
 
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
I don't do anything different now than I've done for the last 30 years. That's why I have enough to FIre.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
heeyy_joe is offline   Reply With Quote
Old 03-30-2013, 09:49 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Feb 2011
Posts: 1,629
Quote:
Originally Posted by heeyy_joe View Post
I don't do anything different now than I've done for the last 30 years. That's why I have enough to FIre.
Good point. For most it's a LBYM attitude. A lifestyle. DW often finds clearance bargains on clothes at retail stores, and has not changed as our finances have improved over the yrs. Still clip coupons for many things.

But must admit we sometimes have wasted $$$ by failing to look at overall value over time. Often the absolute cheapest route is more $$ over the long haul- like cheap paint
__________________
ERhoosier is offline   Reply With Quote
Old 03-30-2013, 10:05 PM   #6
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 487
Quote:
Originally Posted by ERhoosier View Post
But must admit we sometimes have wasted $$$ by failing to look at overall value over time. Often the absolute cheapest route is more $$ over the long haul- like cheap paint
I was just thinking that when you posted. I was looking at my very expensive 23 year old carpet that looks almost as good as new and very glad I didn't cheap out.

I did however order it wholesale (it was $30sq yd at the store and $18sq yd from the carpet mill) from Dalton GA and had it shipped to my city ($27 via Roadway) and the carpet layer picked it up from the terminal. The carpet layer also told me to order Rebond padding to extend the carpet's life. It's Stainmaster by Dupont carpet for anyone wondering.

Never making a purchase without thinking it through has been successful for me.
__________________
tinlizzy is offline   Reply With Quote
Old 03-30-2013, 10:22 PM   #7
Full time employment: Posting here.
 
Join Date: Apr 2009
Posts: 731
Quote:
Originally Posted by heeyy_joe View Post
I don't do anything different now than I've done for the last 30 years. That's why I have enough to FIre.
+1

I always cooked most of our food at home so that eating out is a treat. We have inexpensive phone plans but we have a land line. We have cable. We have netflix. For several years, though, because books were needing their own room if I kept buying them - and they got expensive - I have tried to not buy books much, and use the library a lot. It's a mile from our house and I just reserve the books online and pick them up when they show up.

Doing a lot of online shopping (saves gas?) and I just decided Amazon prime was worth it - at least for a year. I'll re-evaluate then. The online shopping ends up cheaper in general.

Hey, the house & cars are paid for and we have no debt. So... I think we just always were frugal. But not to the point of changing a lot - luckily it hasn't been necessary.
__________________
Retired July 2, 2010 at 62. My only regret is that I couldn't do it sooner.
thinker25 is offline   Reply With Quote
Old 03-30-2013, 10:48 PM   #8
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,934
Here are some ideas that have helped me in the past (although I am spending more now, intentionally).

1. Just don't buy so much stuff, period.
2. Cut recurring expenses to the bone. They'll kill your budget.
3. Buy a modest home that will be cheap and easy to maintain.
4. Do not buy a car that will not easily last 10+ years.
5. Pay off all debt, including mortgage. (Contraversial but worked for me)
6. Focus on free ways to have fun.
7. Don't pay for services you can do yourself, like haircuts and lawnmowing.
8. Challenge yourself each month to spend less than you ever have.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 03-30-2013, 10:53 PM   #9
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,689
I've always been frugal. I do eat meat and cheese but I comparison shop and stock up when its on sale. I can't remember the last time I paid full price for either one. As an example, I bought 10 turkeys at Thanksgiving. I cook them and debone them then freeze 1/2 a turkey per package. Half a turkey works for two dinners or one dinner and four lunches (family of two).

I shop for clothes at Goodwill and at after season sales (generally 50 - 70% discount).

I don't buy electronics very often - my TV is as deep as is is wide. I did buy a tablet for my 50th birthday but redeemed credit cards points to pay for it.

I have zero debt. I use my credit card for everything I can but pay in full every month. I use the points got frivolous purchases, such as the tablet.

Once I stop working the cellphone goes bye-bye (I can't wait !!!!), although I will probably get a $10 per month plan for dire needs.

I bike to where I'm going as much as possible. DH watches in awe as I unload groceries from my backpack. I'm not sure if biking to the store saves me all that much in gas but it definitely helps me stay away from unnecessary purchases!
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
Live And Learn is offline   Reply With Quote
Old 03-30-2013, 10:55 PM   #10
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,689
Quote:
Originally Posted by W2R View Post
Here are some ideas that have helped me in the past (although I am spending more now, intentionally).

1. Just don't buy so much stuff, period.
2. Cut recurring expenses to the bone. They'll kill your budget.
3. Buy a modest home that will be cheap and easy to maintain.
4. Do not buy a car that will not easily last 10+ years.
5. Pay off all debt, including mortgage. (Contraversial but worked for me)
6. Focus on free ways to have fun.
7. Don't pay for services you can do yourself, like haircuts and lawnmowing.
8. Challenge yourself each month to spend less than you ever have.
I love this post !! Its perfect
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
Live And Learn is offline   Reply With Quote
Old 03-30-2013, 11:27 PM   #11
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,375
Quote:
Originally Posted by NoOneGetsIt View Post
....
Stopped trash service..what little we have we take to a public dumpster
....
Although we have done many of the OP's list in our lives at one time or another, we feel fortunate that we don't have to do any now.

And no way would our town let a resident cancel the town-wide contracted trash service, as a public health issue--you must live outside that kind of jurisdiction if you can just use a dumpster instead? Where do you find a public dumpster?
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 03-31-2013, 12:38 AM   #12
Recycles dryer sheets
 
Join Date: Mar 2013
Posts: 91
Some towns have disposal not advertised at recycling centers. Some don't. When we lived in some towns trash was part of city property taxes.
__________________
NoOneGetsIt is offline   Reply With Quote
Old 03-31-2013, 03:06 AM   #13
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I have done none of the below except drop the landline. I am well compensated and have always been frugal. The key is to LBYM.

The two biggest 'traps' I have been able to avoid are : 1) avoid losing a ton of money on buying a huge house in 2000-2008. I only bought a nice condo cash 2) I have never invested in shares until very recently. Had I been invested heavily in shares in 2008, I think I would have panicked and would have sold everything, therefore would have lost significant amounts then.

Can you imagine those who bought a $1,000,000 home in 2008, now worth $300k, and who sold every share they owned in 2009? I don't think they can FIRE. Unless they make extremely good money and/or will get a huge inheritance.

Quote:
Originally Posted by NoOneGetsIt View Post
In preparation for FIRE we have done many things including:
Gave up cable watch movies from library
Stopped trash service..what little we have we take to a public dumpster
Stopped eating expensive things like meat, fish and cheese (added health benefits)
Dropped collision on auto policy (cars are old enough we self insure)
Increased deductible on homeowners ins
Heat only rooms we live in during winter
Cell phones are pay as you go
No land line phone line
Buy jeans, tshirts and sweaters at thrift store (seattle goodwill is hands down best in the country...and i've looked!)
Bought furniture off craigslist
Make our own food..sauerkraut, spag sauce etc...much cheaper than store bought
Am sure there is more WHAT ELSE DO PEOPLE DO? Would love to learn!!
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 03-31-2013, 03:38 AM   #14
Thinks s/he gets paid by the post
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 3,847
Quote:
Originally Posted by NoOneGetsIt View Post
Gave up cable watch movies from library
Cell phones are pay as you go
No land line phone line
Never had cable, ever. Never wanted it. Always had more cell phone than I wanted from megacorp, but the family uses tracphone. Gave up land line just recently (finally), and went with Ooma (voip).

But the BIGGEST thing I did (goes in the LBYM category) was a "mistake" or "luck" or whatever. I was moving from Atlanta just before the Olympics and didn't want to sell in the soft market (even though I would have broken-even on the house). So I rented out the house. But I didn't have a renter yet (the "luck/mistake" part), when I bought my current house. That means I couldn't qualify for as much of a house here in Charlotte. This unplanned situation was, by far, what has given me as much financial flexibility as I have now. I ended-up doubling my money on the Atlanta house, which became my kids' 529 accounts.


--Dale--
__________________
sengsational is offline   Reply With Quote
Old 03-31-2013, 03:53 AM   #15
Full time employment: Posting here.
 
Join Date: Mar 2011
Posts: 534
I've always (well, for a long long time) been an LBYMer but my M was always high enough that my LBY stories don't usually impress.

The exceptions - I got rid of cable 20 years ago. Which meant getting rid of TV, since there was no Hulu and Netflix to replace it with. I think about how much more reading I have done in my adult life due to that one simple decision.

I also drive a very old but low mileage car. (97 Corolla, 37k miles).
__________________
jon-nyc is offline   Reply With Quote
Old 03-31-2013, 05:40 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Amethyst's Avatar
 
Join Date: Dec 2008
Posts: 5,899
We don't eat out.

Cutting our own hair is a bridge too far IMHO - whole family has naturally curly hair, which could easily be turned into a clown wig by untrained hands.

Amethyst
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Amethyst is offline   Reply With Quote
Old 03-31-2013, 05:59 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,437
Save something out of each paycheck in addition to automatic retirement amounts. Whether it's $50 or $5000 -bonuses are always saved, every paycheck for over 30 years.
After the bills are paid that has not left much for frivolous expenses.
__________________
Retired in 2016. Living off dividends / interest and a mini pension. Freedom.
foxfirev5 is offline   Reply With Quote
Old 03-31-2013, 06:19 AM   #18
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,571
Spend less than income. What one spends on matters less than that spending is less than income.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 03-31-2013, 06:40 AM   #19
Full time employment: Posting here.
 
Join Date: Dec 2010
Posts: 572
Be frugal , but don't penalize yourself.
__________________
bondi688 is offline   Reply With Quote
Old 03-31-2013, 07:04 AM   #20
Dryer sheet wannabe
 
Join Date: Dec 2012
Posts: 22
Quote:
Originally Posted by Amethyst View Post
We don't eat out.

Cutting our own hair is a bridge too far IMHO - whole family has naturally curly hair, which could easily be turned into a clown wig by untrained hands.

Amethyst
LOL, thanks for my first laugh today

For us, we have only recently learned how to LBYM. By that, I mean in the last 8 years or so. This was more out of shocked realization that we were quickly approaching my previous goal of FI at 55.

Best lessons for LBYM that we've learned are:

1) ignore your neighbour(s) whose last name is Jones. IMHO, cars and homes are the major reason why people can't retire early. I don't understand people's need to replace their cars every few years, and is working an extra 10 years really worth that 3rd bathroom

2) Combine entertainment activities with exercise. We recently starting hiking every weekend. Great cardio.

3) I know this is a personal choice, but we cancelled both of our cell plans (Still have a work cell).

4) Relentlessly look after your own best interests when being charged a recurring bill. Most banks, cable companies, phone companies, etc., will negotiate lower prices for your continued business.

5) We own a home with a small piece of property (50x100). But it's enough to grow a significant portion of our fruits and vegetables for the summer, fall and part of winter. This saves us a ton of money.

6) Where you have the skills, do your own renovations to your home. I'll do just about anything, except when it comes to electrical and major plumbing.

I believe we've only scratched the surface for money-saving ideas, without negatively impacting our lifestyle.
__________________

__________________
CDN_47 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 05:59 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.