In this episode: frugality, value based spending, honoring your season, identity, budgets, financial goals, and minimalism. When you think of the word frugal what comes to mind? To some it can mean spending on what you absolutely need and leaving little wiggle room for anything else, but to others frugality is not just a restrictive budget but a superpower! This week we are joined by Jen and Jill of the Frugal Friends podcast to discuss the intersectionality of frugality and the FI journey, as well as finding the balance between budgeting to invest in the future you want without depriving yourself in the present. Mindfulness and paying attention to the things you spend money on is an important part of the FI journey, but it is just as important to be mindful of the things that bring value and joy into your life. While budgeting and reducing your spending can help you reach the FI finish line a bit quicker, it should never be at the expense of cutting out the things in your life that are fulfilling! Implementing frugal habits and finding a budget that works and changes with your life can be an incredible tool while on the path to FI, because not only does it open up opportunities to invest monetarily, but also invest in yourself and the life you want to live!  Frugal Friends:    Website: www.frugalfriendspodcast.com  Podcast: The Frugal Friends Podcast  Newsletter: The Friend Letter    Timestamps:  1:11 - Introduction  3:24 - Balancing Frugality  12:38 - Frugality, FI, and How They Fit Together  17:21 - Budgeting and Value Based Spending  26:43 - Honoring Your Season  29:22 - Financial Goals and Identity  36:50 - Examining Budgets and Sinking Funds  42:53 - The Intersection of Frugality and Minimalism  49:37 - Prioritizing Value Based Spending  53:44 - Conclusion  Resources Mentioned In Today’s Episode:    Why Everyone Needs Dave Ramsey and Why You Should Ignore Him | ChooseFI Ep. 5  Leave Us A Review  Subscribe to The FI Weekly!    More Helpful Links and FI Resources:  Earn $1,050 or more with these 3 Cash Back Cards Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence Find a new side hustle with one of our Educational Courses Commission-free investing with M1 Finance

463 | Superpower of Frugality | Frugal Friends

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