Episode 78 - Frugal Living vs. Minimalism: Which One Saves You More Money?
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Episode 78 - Frugal Living vs. Minimalism: Which One Saves You More Money?
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About this listen
Summary:
In this episode of Personal Finance Cat, I explored the difference between frugal living and minimalism—and which one really helps you save more money. Frugal living is about stretching every dollar: hunting for deals, cooking at home, buying in bulk, and fixing instead of replacing. It’s great for short-term savings and ideal if you’re on a tight budget and don’t mind putting in the effort.
Minimalism, on the other hand, is about intentional simplicity. It’s not just about saving money—it’s about spending with purpose. Minimalists focus on owning less, choosing quality over quantity, and avoiding clutter and impulse buys. While it might cost more upfront, it often leads to fewer purchases and more peace of mind over time.
When comparing the two: frugality wins short-term savings and dollar-stretching, but minimalism often leads to longer-term savings, less decision fatigue, and more time back in your day.
My take? You don’t have to choose just one. Combining both—living minimally and frugally—can give you the best of both worlds. Buy fewer things, but find them on sale. Cook at home to save money and simplify life. That’s the sweet spot.
Thanks for tuning in! Until next time, live simply and spend wisely.