Awesome video, Ken and Mary! One great money saving decision I made about 8 years ago was to go natural and cut my hair. I am loving it and saving so much money!

How do you decide what’s being “too frugal”. Like for women doing hair and nails, eyelashes is very expensive or even guys with getting haircut and braids, how often you do it etc? And with work do you see networking - paying to go out for drinks/ lunch with colleagues as an investment or expense to cut down?

​@@mrsabe4this is huge!!

​@@danielsquires2844Good question. Mary does her hair once a month and most of the time, she does it herself. So for example, the hairstyle in this video she did herself. Once in a while, she goes to a salon if it's a complex thing. Nails - once a month. Around £22. Ken - I cut twice a month. £15 each time. I think this is a personal thing. Some see these as part of what gives them joy and that's fine. I certainly enjoy the banter at my barbershop etc. Networking is important but could also be done cost effectively.

Eating out, limited it to once in 6 weeks on the average. I work over 50 hrs weeks with 3 young kids but still cook from scratch. Meal prepping.... No premium for me. No branded food or clothes.

Haha 😄. Love this! ❤

Thx...we don't do all the list except for sky

❤

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Great suggestion! Noted ✅️. What are you typically spending on for your children?

My kids and I get ideas of dishes ,toys etc on KZfaq and we have fun creating these at home. And we go to shops see the prices we've saved and hi five ourselves. I made it a priority to ingrain it in my kids not to judge themselves or others based on material things or holidays I opt for edutainment which are generally more affordable. We've gone to farms , gone on walks , gone sightseeing, camping etc. I emphasize meaningful connections rather than bragging rights.They do have some expensive stuff like a piano but they have to have wanted it for upwards of 3 months and have a plan for it. In my home ,it's a rule to write an application letter to me on why you want something and they have to make a sales pitch 😅. My 7 year old does this too. Then if you still want it months later we get it. We even discuss how to address their mates who try to make them feel down for not going to see overpriced movies, theme parks or have the popular school bags or lunch bags etc The earlier they learn not to bow to societal pressure the better for them You may want to check out the TIP academy.

@@TheHumblePenny holidays, outings, it just seems like you have to spend good money to make them happy. I have tried to minimise these but just getting some unhappy faces.

Thank you 😊. Yes, stick with your gym if it's part of your life of Financial Joy ❤

Yeah we have a coffee ☕️ once in a while. Maybe even once a month and typically when we're on the move. But never at home because we're not so much into it. Typically decaf tea or organic hot chocolate.

I am guilty of this. Thanks for the advice.

This is a good point. But it could be done cheaper and still healthy for sure.

I think good sized portion of a decent meal I have batched cooked and a snack such as a piece of fruit could cost me less then 3 pounds, it does require effort and always being on top of things. Id say the expensive drinks can be the best part of a meal deal. I save meal deals for when I am traveling home from a trip and I haven't had time to make something or haven't had access to a kitchen

It depends what you're eating! My husband is the only one who takes in lunch and coffee in a flask in his office, and he is often baffled by this! Most days he's taking in sandwiches, fruit and crisps - plenty enough to get him through till dinner, he choses these items for ease of transport and incase he can't refrigerate at location. That's a loaf of bread, butter, the fillings (we mostly use cheese) a multibag of crisps and the fruit/veg items for the week. Sometimes we have left overs which transport well, so he'll take them in. That's £3-5 per week rather than day easily. Also he's drinking water through the day, so is not spending ghastly amounts on drinks which are usually packed full of sugars anyway.

If you are meeting someone from a dating app, then the first date or two should only be coffee or drinks. And in the UK it is normal to split the bill, especially at the beginning

100% this is it.

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True!

Glad you enjoyed it. Do share with others

@@TheHumblePennyDone ❤

Me too! Cancelled my expensive gym membership a few days ago. Otherwise on track! And great additional points. I always re gift where I can 😊

Love this!

😊😊

Loved that bit.

Sadly, many are still blind to this.

yeah unfortunately we are living in different times compared to when you were younger and getting started in life

@@paulo7507. Not so much so we were not as materialistic and we did not need top designer clothes or fancy mobile phones.

You need to teach our generation 😅

@@TheHumblePenny Unfortunately we are a hard headed people some of us who are easily led by mainstream media.

Fab! 😊

KZfaq Premium is brilliant 👏🏾

£3k invested monthly is powerful 👏🏾

6 hours a week of swimming, wow 👏🏾

What was the last book you read?

Sounds great! Really good point about the nice hotel ✅️

How do you track it?

@@TheHumblePenny. I should maybe write it down but I have a debit card that I put a certain amount of money on and I limit myself to that. I also withdraw a certain amount of cash. I do not touch the main bank account maybe more than twice extra during that month and sometimes not at all. So the bulk of my expenditure comes from the loaded debit card and with my cash. If the cash is going down extremely fast I hold back and check exactly what I do need.

Don't cancel your health insurance.

Huge irony. Re food, you must be saving lots! I know someone who used to be on a 1,500-a-month takeaway bill 😅. Interesting though, this was their normality.

Well said! Thank you.

It would make sense, yes. How much is your loan? And what do you earn?

@@TheHumblePenny student loan is £35k and I earn £69k

@@TheHumblePenny roughly £360 is taken from my pay to go towards the loan. If I was going to pay it back I guess I could do some extreme saving for 3 years and clear it off but then it would mean I would have to be living a very contained life style for the next 3 years and then I have to remortgage at the end of those 3 years. Do you should I pay of the student loan first or put extra income to the mortgage which is currently sitting at £125k

@@paulo7507 Prioritise paying off priority and expensive debts first. Then homeownership if that's your goal, then mortgage (if you have one already), then student loan.

Thank you 😊. Do share with others.

Most definitely, already have 😝😂

How much per month?

@@TheHumblePenny £125 until Dec 2024

Yuka!

Thanks so much! Please share with others 😊

yeah your an oldie though the younger generation is different from yours

"hi I'm skint" 😂🤣🤣

At home using this camera amzn.to/2zcz1K0

Yuka

@@TheHumblePenny thank you so much

whats wrong with mcdonalds, we all love a bit of mcdonalds 😄

@@paulo7507 lol. Especially if you're keeping the costs down

​@@paulo7507😂

Haha 😄. Interestingly, I heard McDonald's was bringing out another chain of restaurants.

True!! 😅

Noo!!! 21st century. First date picnic then after that do it in rounds. I would never expect someone to pay for me constantly. Also there are "expectations" when one person pay that are unhealthy for a relationship

That suggests a 7.2% average growth rate per year. You can achieve that return by simply investing in stocks without the additional costs of moving home. Thoughts? 🤔

​@TheHumblePenny do you have any videos on stocks and shares?

You're making money if you invest it.

You save money that will enable you to invest into income generating assets

😂🤣🤣

Yup