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Frugal Living

All articles tagged with #frugal living

personal-finance1 year ago

"2024 Frugal Money-Saving Tips and Habits to Adopt"

In a Reddit thread on r/Frugal, users shared their top frugal tips for 2024, including shopping around for insurance, instituting a designated shopping day, eating down pantry and freezer items, maximizing rewards systems, and being mindful of social media influences. Other tips included repairing and repurposing items, checking grocery markdown racks, utilizing the local library, buying items on special, cooking legumes, and buying returned items. Additionally, users recommended using washcloths instead of paper towels, seeking discounts for treats, reviewing cable and cellular plans, and finding a partner with similar financial goals.

via BuzzFeed|
#budgeting#financial-goals#frugal-living
personal-finance2 years ago

"Frugal Millionaires: How Living Simply Leads to Wealth"

Despite the common perception of millionaires as inheritors of wealth, only a small percentage actually inherited substantial amounts, with the average American household now having a net worth exceeding $1 million. Rachel Rodgers, founder of Hello Seven and author of "We Should All Be Millionaires," shared three frugal practices she employs to maintain her wealth, including being mindful of spending on vacations, prioritizing quality over brand names for everyday clothing, and being intentional with time commitments by declining 99% of requests.

via Yahoo Finance|
#financial-planning#frugal-living#millionaires
personal-finance2 years ago

"Top 9 Frugal Living Tips for Boomers in 2024"

As retirement approaches, boomers are advised to focus on frugal living tips to ensure financial stability in the face of rising costs. Suggestions include working on a retirement plan, finding additional income sources, downsizing homes, utilizing senior discounts, taking advantage of free or affordable options, saving money on trips, cutting energy costs, growing their own food, and cutting out unnecessary memberships or subscriptions. These strategies aim to help boomers manage expenses and build a larger nest egg for the future.

via Yahoo Finance|
#additional-income#energy-conservation#frugal-living
human-interest2 years ago

"The Frugal Philanthropist: Unveiling Indianapolis' Secret Millionaire"

Terry Kahn, a frugal man from Indianapolis, left behind a $13 million estate to local charities after his death. Kahn, who worked for the Veterans Administration for 30 years, lived a modest life and made his millions by pinching pennies. Some charities initially thought the offer was a scam and missed out on millions, but others were overwhelmed by the kindness. Kahn's attorney, Dwayne Isaacs, had the unique job of calling local charities and offering them millions of dollars. Kahn's money will make a significant difference for a dozen nonprofits in Indianapolis.

via Daily Mail|
#charitable-giving#frugal-living#human-interest
heartwarming2 years ago

Frugal Man's Surprise $3.8 Million Gift Transforms Small New Hampshire Town

A man who lived frugally in a small New Hampshire town left an unexpected gift of $3.8 million to the community after his death. Geoffrey Holt, who lived simply and on social security checks, left his fortune to the town of Hinsdale through a trust fund he established in 2001. The funds will be managed by the New Hampshire Charitable Foundation and used to support projects, programs, and organizations that benefit the residents of Hinsdale. The town is considering using the funds for various purposes, including purchasing an electronic voting machine and fixing the town hall clock. Holt's generosity has the potential to be transformational for the small community.

via CNN|
#charitable-foundation#frugal-living#heartwarming
human-interest2 years ago

Mysterious Frugal Man Leaves Millions to New Hampshire Town

Geoffrey Holt, a frugal and enigmatic man from Hinsdale, New Hampshire, left behind a fortune of millions of dollars that the town never knew he had. Holt, who lived a simple life and invested his money wisely, left his entire estate to the town upon his death at age 82. The funds will be managed by the New Hampshire Charitable Foundation, with organizations able to apply for grants. Holt's sister expressed sadness that he didn't indulge himself more, but his legacy will benefit the community he quietly cared about.

via NBC News|
#enigma#frugal-living#human-interest
sports2 years ago

Brock Purdy: The Thrifty Quarterback Dominating the 49ers

San Francisco 49ers quarterback Brock Purdy, who earns nearly $1 million a year on his rookie contract, splits rent with a teammate and drives a Toyota Sequoia SUV. Despite the potential for a lavish lifestyle, Purdy chooses to live frugally, citing the short careers of NFL players and the high cost of living in San Francisco. Other professional athletes, such as Rob Gronkowski, Kawhi Leonard, and Gerrit Cole, have also been known for their modest spending habits. Purdy is expected to receive a significant raise once his rookie contract expires.

via CNBC|
#brock-purdy#frugal-living#nfl
personal-finance2 years ago

"Top Money-Saving Tips for the Holidays in 2023"

Redditors share their top money-saving items, including an air fryer, library card, chest freezer, cloth napkins, mattress warmer, toaster oven, basic hand tools, and more. These items have helped them save money on electricity bills, groceries, household expenses, and everyday tasks, ultimately leading to significant savings and a more frugal lifestyle.

via BuzzFeed|
#budgeting#financial-management#frugal-living