If you’re looking for ideas on how to legit save some money, look no further because in this video I talk about 10 categories of things I don’t buy or spend much money on. With a minimalist approach to spending, the 10 things I avoid buying include: 1) Subscriptions, 2) Fast Food, 3) Drinks, 4) Fad Diets, Vitamins, etc, 5) Excessive Transportation Costs, 6) Mobile Delivery Apps, 7) Full Retail Price, 8) Pricey Personal Care & Entertainment, 9) Bank & Credit Card Fees, and 10) Extended Warranties. Plus a bonus of my thoughts on “mindless shopping” where it’s easy for targeted advertising on social media and the largest online marketplace to make us buy random, unnecessary stuff.
In addition, you don’t really have to spend a lot on expensive gym memberships, a trainer, or fad diets if you can invest in the kind of exercise tools that you’re willing to stick with. Like, I love my Kettlebell, pull-up bar, and doing box jumps, all of which did not cost a lot of money and they will probably last forever. The key is finding the intersection between things you can stay self-disciplined with and motivated enough to do, where you can embrace the idea that even with a few things, you can do a lot for your body and wallet to stay in shape.
If we can save on these everyday expenses, then we can focus on more important things like the people and causes we care about, as well as our retirement savings and investments. The irony is that sometimes the less things we have, but the more we are financially secure, that this can actually help to lead to a more fulfilling and happier life than if we surrounded ourselves with depreciating things or services that aren’t even assets.
In my pursuit of happiness and financial freedom, I found that not buying these things has helped me tremendously, and I hope you can identify the things that you don’t need to buy to focus on what really matters in your life.
I’m excited to be on a path to FIRE (Financial Independence, Retire Early), and I look forward to making more investor friends. Find me on Instagram @ michellemarki! 🙂