so do you think we're frugal yeah I would consider us frugal not cheap
I don't know if I think we're frugal I'm
not really sure so depending on who you ask we may or may not be frugal but we
found a little test that we're gonna go through I'm gonna do all right 17 things
frugal people usually don't do and I don't know yeah it's like a quiz it's like one of those
online quizzes or you get a picture and so we're gonna go through this and see
how frugal we are because I'm not sure if we're frugal there's some things
where people would say we're frugal than other things I think people would be
like you're not for a while yeah we'll see anyway most frugal people don't
finance cars yes we don't finance cars we are out of that
cycle yeah right thank you Jesus we are out of that cycle and yes we bought our
last three cars with cash mm-hmm and once you break out of that cycle we just
keep saving up money each month like we would a car payment so the next car we
can continue to buy with cash wait we bought our last 4 cars with cash cuz you bought the Taurus remember
I did buy Taurus that's another story for another time
frugal people usually don't overdraft their bank account that's true I can't
remember the last time we've done that so that's been really good okay frugal
people usually don't compromise their dietary health to save money I think
that's definitely true and that's one area people would say we're not frugal
because we spend a lot of money on groceries because we buy generally
pretty clean food we don't shop at Whole Foods a whole lot because it's it's more
than a whole paycheck it's like three paychecks especially with the amount our kids eat oh man
we got some eaters in
our household it's good it's good but we value the importance of maintaining our
health and we know from a big picture that that's really important even
financially you could argue financially that that's a huge important thing
because we don't take every health now it'll be far more expensive later on
yeah frugal people usually don't carry credit card balances check we never
carry a credit card balance I encourage you not to do the same frugal people
usually don't keep up with the Joneses I don't think we do this but we're
Americans I'm sure some of that creeps into what we do every day without even
realizing it but we are working to fight against that it's hard not to but it
seems like sometimes when you you'll you recognize it more maybe that's what they
mean is that you actually just recognize that that's what you're doing and you
can stop and you don't have to buy a new car just because your neighbor bought
one you don't have to go on a Paris vacation just because whatever your
friend Linda wants to go to Paris so if anybody wants to send us to Paris do you
have a Airbnb in Paris that you want to let us in on we're in frugal people
usually don't hang out with losers according to this article I don't think we do
Which one of our friends would we consider losers who is the biggest loser of our friends
no we have so many fantastic friends and people in our lives and
there's a old quote that I've heard many times I think it's by Jim Rohn or
something that you are the sum or you will become the group of the five people
you spend the most time with and the books that you read and I really like
that I think there's so much truth that because reading books particularly
nonfiction like just really can take us to another level in terms of growing as
a person in so many ways obviously the Bible is the best book we should be
getting into but there's a lot of wisdom to be gained from a lot of other people
and then on top of that yes the people who we're rubbing elbows with and we're
spending time with and doing life with their gonna rub off on us and they're
gonna shape who we are and so yeah it's really important not to be hanging out
with losers so find some winners but I think we have to add the caveat here
there is a time to sew into people's lives and to be a mentor and to help
someone up and out and so even if they fall into that loser status help them
not be losers by reaching out and loving on them right a couple weeks ago we were at that Dave Ramsey event
and I think they said there are four people you need to have in your lives: friends, mentors,
someone to mentor and what was the other one I don't remember and they said you
should you should have all these people in your life and you should have at
least one of these people yeah and I think the point is you have somebody
pulling you up because you're a loser to where they are and then you have
somebody who is a loser below you who you are pulling up please stop calling them losers it's horrible
please don't be offended that word we didn't write this article or just their terminology we're just reading it but
anyway having somebody you can pull up someone who can pull you up to the next
level and then peers on your level yeah I can I I think that makes a lot of
sense right frugal people usually don't take fancy vacations according to this I
don't think we take many tremendously fancy vacations but we've been on a lot
of really nice trips you know done it for free and so check out our
other video if you want to find out more about how we've done that and we really
enjoy a good vacation and this is one of those things that some people hate traveling
but we really enjoy that I almost don't agree with because I feel like vaca
family vacations are kind of an investment into your family but it
doesn't you don't necessarily spend need to spend a whole lot of money for that to happen true
as we have proven but I do think it's important I think that it's
important and I know your parents you know they didn't have a lot of money to
spend but they would take you guys camping and do just try and do fun things
yeah and we went on real vacations with hotels and stuff too occasionally frugal
people normally don't forget to price compare or price shop and I yeah
absolutely guilty I forget this all the time I don't there's nothing i buy that I'm not I come home from the
grocery store and Bob goes did you see
how much this cost I was like no like sometimes I know that I'm paying more
for something but it's intentional there's a reason behind it I'm not
accidentally spending more I'm not getting ripped off that often it's
pretty rare for me I guess when I buy clothes I look around good frugal people normally don't
automatically opt for employer offered health insurance well okay so when I was
working at the church we had completely free health insurance so we definitely
automatically opted for that but then I quit and now I just work with you and I
automatically opted for that too the thing here is yes we got out of our regular
health insurance once it became self-employed and moved to MediShare
which we have another video or two about that we can point you to and yeah and we
save a ton of money by doing that we saved almost 50 percent on what we would
have been paying for health share or buy for health insurance insurance right
frugal people normally don't fail to contribute to a 401K yeah one of the
best things if you have an employer match at your company if they're willing
to put in money for every dollar that you put into your 401K or 413
43B like that's free money you know so just go get it go get
it it's worth it you know and it's a guaranteed return you know if they're
putting in a dollar for every dollar I that's a guaranteed 100% return like you
can't get that anywhere that's definitely not something you want to
pass up frugal people never stop learning I think that's a bold statement
I think there are plenty of for people who do stop learning and
case like I I'm a lifetime learner I enjoy learning I thrive on learning and
I you know I think we both like learning different types of learning and yeah I
think has nothing to do with frugality but whatever frugal people also don't even
consider the idea of not having a sufficient life insurance policy in
place so frugal people like life insurance sure I like life insurance I
think it's a good move frugal people do not waste food I think that's pretty
true for us like I hate wasting food we work hard not to I mean I've read some of
the stats about I think it's like 26% maybe of food in America goes to waste
which is just staggering to think about they would go to the grocery store and
if you buy four grocery bags that one of them would just entirely be wasted like
it's terrifying to think about really yeah and so we do work hard to eat all
of our food and I don't like expired food either so we really got to be on
top of it to make sure that we're getting everything or we just give it to the kids frugal people don't
fail to keep a stockpile so I'm thinking is about like groceries and stocking up on
stuff when it's on sale we do a little bit of that yeah do a little bit of that frugal people don't
usually pay full price I think there's a lot of truth to that for us
I don't like paying full price but sometimes paying full price for what I don't know everything
buying a new car or house piece of furniture from Goodwill I don't know I
feel like we might be 50/50 on this yeah I think it depends on what it is
frugal people don't normally forget to umm
check insurance rates annually I shop around for insurance rates but
definitely not annually how about you I'm sure you do it annually I don't care
so it is a good thing to do I just don't do it annually probably do it every maybe
three or four years I would guess number 17 don't you wanna know what it is
frugal people do not spend emotionally
I guess I'm not that frugal
so I think there's no doubt here that not spending emotionally will help I think the
reality is that we are all or making purchases
guided by our emotions to some extent it's just a matter of how much you know
the idea of oh I had a really bad day I'm gonna go buy a new car like that
type of thing it's like that's gonna really screw you up that's pretty intense go buy a new dress
go buy a bag M&Ms on a really bad day yeah I do spend emotionally but I have a
little hack for it normally for me it's clothes like that's what I like to spend
my money on that's her thing and so what I do is I just keep it in the bag with the receipt and
keep the tags on it she'll go to a store you bring home four things you have the tags
on them I literally did you try them on in the store sometimes yeah or if I like
order it online or something I'll try it on but I won't like wear it's not like
I'm like wearing this you know to the grocery store and my kids got spit up
all over it it's not like that it's just sometimes I
just need a minute to have the thrill and have the kind of emotional release of buying some clothes
and then I'll take it back one of my best friends like I kept she would buy emotionally all the time and
then she would have this stuff in her closet that she'd worn once and she
hated and I totally got her doing this now she's like Linda you would be so
proud of me I I kept it I kept the receipt and I kept the tags on it and I
would say well just take it back and she thought I don't know where the receipt
is I took the tags off why did you do that like she didn't even really wanted
it she just wanted that release so sometimes I will do that okay awesome
but I take it back and I get my money back and then I spend it on something else
the cycle continues
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