We don’t have a budget. For anything. Ever. When I first shared this, folks were mildly shocked. After all, Mr. Frugalwoods and I are all about saving money, so how on earth do we skip this most basic of financial conventions? Through habitual frugality.
Mr. FW and I have been living frugally for so many years that it has become our modus operandi. We’ve programmed ourselves to see the world through a frugal lens such that it’s more natural for us to not spend money than the alternative. A budget is moot because our approach to spending is on autopilot. But getting to this budget-free frugal zone didn’t happen automatically. Deliberate decisions over the years have facilitated the formation of our consistent frugal habits.
Over the duration, these seemingly insignificant decisions have had a pretty major impact on our savings. These are things that wouldn’t cost much per unit, but over the course of a year, or five years, would dramatically reduce our capacity to save and our overall net worth.
Continue reading Put Your Life on Frugal Autopilot at Frugalwoods.