If you don’t currently walk everywhere you go, I highly suggest that you start. Need groceries? Walk to the nearest grocery store. Going to work? Same deal. Bored at home on a weekend? Go for a walk. Need to get to the train for a trip out of town? Grab that luggage and get your walk on. Standing in front of 15 flights of stairs at a subway station? Be grateful for the challenge – time to get moving.
Most folks who are disciples of the financial independence and early retirement movement will have heard of its founders, Vicki Robin and Joe Dominguez. Together, they wrote a book called Your Money or Your Life that has transformed the lives of millions of people.
If you haven’t yet read it, it’s a must-read for any aspiring frugal citygoer. One of the core concepts of the book is that money is something you trade your life energy for, and thus you should know how much of your life energy you’re trading for each purchase you make. So how do you make that calculation, and how can we apply it to our own lives?
In my last post, I talked about how financial freedom is the primary goal of optimizing your life the way we talk about here at CityFrugal. But why is financial independence a worthy goal? Moreover, why should it be prioritized over the type of pleasurable, high octane consumption that so many of us are used to?
As I type this in 2018, there are only a few things in the world that we know to be capital-T True. One of those things, and in my mind the one that makes life worth living, is that we don’t have unlimited time on this planet. So how will you spend that precious resource?
The real reason I write this blog isn’t money. It’s about freedom. We’re in favor of freedom as a culture, but we don’t necessarily always stop to think about the systems we find ourselves a part of.
Frugality gets a bad rap, particularly in an affluent and spendy place like my home city of New York. Fancy dinners and drinks are the norm for many hardworking professionals, and buying nice things is treated as a hobby or stress release from a difficult day-to-day. I’ve seen it all over, and have even been known to indulge in these practices.
To folks who view shelling out for these things as a necessity rather than a luxury, the concept of frugality is a nonstarter. But what does frugality really mean, particularly in a place like this?
In my last post, I outlined some tactics to increase your savings rate dramatically while living in a city where a very high proportion of your pay goes to rent. Theory is great, but let’s get down to brass tacks by examining the case of our hypothetical friend John.
Most people would have you believe that saving money in a big city is a pipe dream. It’s true, saving a great deal of money is out of reach for some, who are truly living paycheck to paycheck or worse. For the rest of us though, the answer is that you can ABSOLUTELY save a massive chunk of your paycheck each month.
Like almost everyone, I was sold the American dream of moving to the big city, working hard at a desk job for 40 years and scrimping and saving where possible to enjoy a comfortable and happy retirement. I’m here to correct the record.