A viewer recently wrote with a question about buying top-quality items when one is also frugal. We created this video to answer her question and also share how frugal people buy expensive items.
Frugality is not deprivation. It’s about choosing when, where, and how we will spend our money. Often, that involves, buying long-lasting products, which tend to cost more than average.
Becoming comfortable with letting go of money is important in a balanced approach to finances. When we create goals, do our research, look for a great price, then paying cash for what we want can fit in with both frugality and good stewardship.
00:00 - Introduction
01:30 - Viewer Question
06:31 - Make Saving for Large Purchases A Goal
06:54 - Pay Cash for Large Purchases
08:53 - Do Research before Making Large Purchases
11:34 - Research Alternative Products
12:30 - Consider Buying Used
14:10 - Find a Coupon for Large Purchases
14:50 - We Answer the Viewer’s Question
16:00 - Decide It’s Okay to Spend the Money
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// WATCH OUR VIDEOS MENTIONED IN THIS VIDEO:
○ Why Our First Budget Was An Epic Failure: https://www.youtube.com/watch?v=lu0SAcLo_xU&t=18s
○ 8 Luxuries We Afford on A Budget: https://www.youtube.com/watch?v=ocuHV5_fvgA&t=804s
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Learn how we slashed our budget dramatically in this FREE eBook, "Ten Ways to Radically Reduce Your Expenses": https://underthemedian.com/radically-reduce-expenses-2/
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• Home Energy Savings Guide:https://underthemedian.com/home-energy-savings-guide/
• Teaching Children a Biblical View of Money: https://underthemedian.com/biblical-financial-parenting-book-and-video-set/
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//ABOUT:
We’re Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on YouTube and visit us at our website and on social media.
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