How To Live Below Your Means To Save Money & Reduce Your Cost Of Living 2023. Practical Frugal Tips

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Living below your means is a smart financial strategy that can help you save money, reduce debt, and achieve long-term financial stability. In today's video we are going to be talking about how to live below your means, and some tips for how to save money during the cost of living crisis.
Watch this next -- • 30 FRUGAL LIVING TIPS ...
THINGS MENTIONED:
Plum app to save money without realising - prf.hn/l/1MNN2YG
TopCashback -
www.topcashback.co.uk/ref/lar... (we both get a free £10 cashback bonus when you sign up)
Sinking funds video - • What Is A Sinking Fund...
I have loads of free budgeting printables over on my website if you'd like to get a free sheet to help you with budgeting to help save money during the cost of living crisis. Just go to my website larajoannajarvis.com and head to the "shop" :)
Living below your means to save money requires discipline and making conscious choices about your spending habits as well as making sacrifices.
It may take time to adjust, but the long-term benefits of financial security and reduced stress are well worth it and it's important to remember with saving money or getting out of debt that it's not forever - don't let it feel like a punishment, try and treat it like an opportunity to better your financial well-being and get better with money.
You may like my budgeting tips and money saving ideas videos -
• Budgeting and No Buy Year
My Amazon store is linked for you here with everything I recommend for home, storage, fashion, skincare, cleaning, travel and more
www.amazon.co.uk/shop/larajoa...
♡ S O C I A L M E D I A ♡
Come and find me on Instagram if you want to see things like my budget outfit ideas, ways to make your money go further and more of what I get up to. larajoannajarvis
My Budget Best Life FB Group is free to join and is a really supportive community of budget friendly people!
Lots of love, Lara x
All of my music is from Epidemic Sound:
www.epidemicsound.com/referra...
The links above could be affiliate links, which means if I have inspired you to make a purchase and you choose to buy something through one of these links, I may receive a small commission on the sale, as a way of thanks. It makes no difference to you as a buyer or the cost you pay, but I may receive a small compensation from the brand via rewardStyle or Amazon etc.
The information discussed on this channel is for educational & entertainment purposes only. It should not be considered advice. Please do your own research and I encourage you to seek professional tax, legal, and financial advice, before making your own actions and decisions.
All notes believed to be accurate at the time of posting but not guaranteed.

Опубликовано:

1 июн 2024

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Комментарии : 145

@princessdumbarton9877 8 месяцев назад

Once you get into debt, it can take years and even decades to get out of it. Don't use credit cards unless you have to for an emergency. Have an emergency fund always. It's better to do without some luxuries than to be in debt. All it takes is an illness, accident, job loss, or recession to get into debt. Debt destroys your life.

@ilovegreen0150 3 месяца назад

Agree. Sinking Funds are great too❤️

@kenyonbissett3512 8 месяцев назад

For those who think they can not afford to save even 5%, I suggest you consider 1%, it should not hurt and then in 3-6 month up the amount to 2%, once you have adjusted to that then in 3-6 month go to 3% and keep going until you get to 10-20%. As you find new ways to save, spend less, this will insure your savings increase to represent that amount. Mark each 3-6 month increment on a calendar so you do not forget to make the change upward. Work for me, hope it works for you.

@bipanjitkaur9158 Год назад

Budgeting is really essential.doesnt matter rich or poor

@LaraJoannaJarvis Год назад

Absolutely!!

@watchmethriving Год назад

exactly! There's a lot of wealthy people out there living paycheck to paycheck

@zoemerson-davies1556 Месяц назад

@@watchmethriving then they cannot be wealthy if living paycheck to paycheck.

@ahmettachmuradov8630 Год назад

Starts at 2:30

@emmawelsh5336 4 месяца назад

Thank you 😅

@colleenoldham1245 7 месяцев назад

My husband has always been good with making a budget. I stick to what he says. We do very well. It is about cutting back where you feel like can.

@OzdenGuney 3 месяца назад

Great team spirit ❤

@user-rd7sw2py1f 17 дней назад

❤

@carolynjory8683 Год назад

I done the biggest step of a mindset for living below my means. Am on a tight budget and recently had to stop doing overtime due to sick parents. I've find it hard to keep going in the present but do know will make my life so much better when it turns to saving instead of paying of debt. X

@OrdinaryEverydays 7 месяцев назад

This is so important no matter what income level you’re at- one of the biggest things I want to teach my kids! Debt is awful (as I know from experience unfortunately)!

@myaccount9498 4 месяца назад

Lots of unnecessary criticism of this lady. Take what's relevant to u and ignore the rest. No need to put her down. Be kind to people or be quiet 💜

@LaraJoannaJarvis 4 месяца назад

Thank you 💛 I'm a real human behind the screen, be kind, always. x

@francefradet2116 4 месяца назад

I have stopped cooking pasta in a pan. I heat the same amount of water in a frying pan. More surface exposed to heat and quicker heating time. Always always use a lid. Put the salt in after the water starts simmering. No need for a rolling boil. The salt delays the water reaching boiling point. Tons of tiny things that all add up.

@LaraJoannaJarvis 4 месяца назад

Great tip! Thanks so much for sharing that!! x

@xXJesuslovesyouXx 2 месяца назад

What?!? I was told adding salt to your water will help it reach boiling point faster😮

@xXJesuslovesyouXx 2 месяца назад

I googled it: In terms of cooking, most individuals normally add about a teaspoon (3g) of salt per liter of water. Adding this small amount of salt will “technically” make the water boil faster, however, it would only result in a difference no more than a few seconds.

@fuzzylon Месяц назад

Bear in mind that if you are using a bigger ring for your fying pan then you're drawing more current while it's on than a saucepan would on a smaller ring. My top tip is to turn the ring right the way off once the pasta is boiling. If the lid is on the water will stay hot enough to cook the pasta through.

@herronr 3 месяца назад

Highly recommend reading/listening to the barefoot investor. There’s also one for kids. Really down to earth and breaks things down in simple steps 👌🏻

@idalinawin 8 месяцев назад

After I saw I was spending some weeks more than 3 thousand euros, I cut down and put a budget of 100 euros a week. It is working. 😀

@annaleewhite6753 8 месяцев назад

Thanks so much for these amazing tips!!! ❤❤❤

@lisahagan3136 3 месяца назад

❤thank you do much for sharing - this is everything I want to hear so happy to have found you 🙏🙏🙏🙏

@katehorrell8732 Год назад

I LOVE budgeting

@johannagallagher5855 Год назад

Love this Lara x

@minimalistsmanaged 3 месяца назад

Fantastic info thank you so much for sharing - I instantly subscribed and look forward to new videos :)

@BardHolohan 4 месяца назад

Thanks....really good. First time here and have subcribed. A hopeless budgeter...now ready to take these tips. You have good experience it seems. Ta.

@AngelissimaASMR 8 месяцев назад

Great tips and can I say, you've never looked lovelier! Your hair and outfit colors really suit you!

@user-dk4pi3pk1c 7 месяцев назад

Just used your link for top cashback, thanks 😊

@NYtoNC 7 месяцев назад

Found you today, great content💛

@wandasworldhaircarejourney5788 4 месяца назад

Great Content

@JudithMcPheron-pb9lv 9 месяцев назад

Thanks Lara!

@LaraJoannaJarvis 8 месяцев назад

Thank you too!

@goldsilvertravel 7 месяцев назад

I love the lava lamp - I used to have one like that.

@apollo1464 5 месяцев назад

I think it’s a Himalayan salt lamp or something like that.

@sabinelloyd8532 6 месяцев назад

I have just gone gluten free. Cost of even basic gluten free items like bread is enough to make one weep.

@befree9579 6 месяцев назад

Good replacement is White Rice! warm milk cooked with rice and brown sugar as a cereal alternative if u crave cereal for breakfast or dinner.

@sabinelloyd8532 6 месяцев назад

@befree9579 not really a cereal fan, but something to keep in mind

@baus7 5 месяцев назад

Veggies are super cheap

@GERIFREEMAN 4 месяца назад

Make your own buns with red lentils and physillium husks. Lots of recipes online!

@sinkintostillness 2 месяца назад

You've just got to change your mindset. I treat gf breads as a treat and don't have them often. And keep away from processed gf as much as possible. A lunch for me as an example would be a couple of ryvita crackers with cheese and honey, keffir yogurt topped with seeds, nuts and a fruit and a cup of coffee.

@rosmariebechtold1235 3 месяца назад

❤❤love this channel. So helpful for me. I have to be more frugal , because the money we earn is out before the month is gone😅. It is so nice to see a nice and lovley person like you😊 because in my mind frugal people are always grey and not lovley and they are not smileying . I never ever wanted to be like them catching after evrey penny and never have fun or nice clothing and nice things. That's the pictur in my head , and i think that's the key, to have enoug money,i have to turn the picture ❤❤ i hope you undorstand what i mean😅 . Thank you to helping me create a new picture . 😊sorry of my english , if it's not correct , i'am from austria , vorarlberg ,bregenzerwald.❤❤

@naomibarnes728 11 месяцев назад

I'm binge watching all your latest videos 😂 would you do a video soon about Autumn / Winter budgeting? I.e The C word! To budget and save for days out (Santa), food and gifts I have to start thinking about it now. Especially with CoL as everything is SO expensive!! I usually make budget or free Autumn / Winter family bucket lists and post them online for people who need it x

@naomibarnes728 11 месяцев назад

If you'd like my frugal bucket lists to use I'll happily send them to you x

@LaurenRogers59 Год назад

Hello Lara, hope your well, I'm so in need of this video right now. the last few months I have spent too much money I can't account for xx

@krystiesolfyre5340 7 месяцев назад

Same!

@Dream-bebe Месяц назад

This is great advise! 😊

@LaraJoannaJarvis Месяц назад

Glad you think so!

@zbenfor9179 Год назад

Another fab video! These sort are you best Lara! How about an episode about how you budget for school holidays and family holidays? Thanks Lara for your insight!

@LaraJoannaJarvis Год назад

Thank you so much ☺️ yes, that’s a great idea, they can be so expensive to get through the holidays x

@chrsitineadriaenssen6074 4 месяца назад

I life above😊

@chrsitineadriaenssen6074 4 месяца назад

I live above, life is short

@brigidkeogh416 Год назад

Woukd be great if you could do those 6 recipies on u tube

@lisahagan3136 3 месяца назад

This has really got me thinking! Eeek! 😳😳😳

@shoppingislifeuk Год назад

Ur amazing

@alisonyeo6760 Год назад

Thanks for the video Lara, I really enjoy your content and you as a person. Would you consider making a video on the pros and cons to paying off a mortgage early? Our interest rate has just gone from 1.5% to 5.74% and I'm thinking of overpaying. Xx

@LaraJoannaJarvis Год назад

That’s so kind, thank you!! ❤️ ooh, what a great video idea! I don’t know if I’m entirely informed on that but I could definitely make it a conversation opener type of video sharing my own opinions and thoughts on it!! Ouch, I hope you can manage the repayments ok. That’s a crazy jump! 😩 xx

@LaraJoannaJarvis 11 месяцев назад

Just as an update this video is now on my channel :) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-v4vk31Op3J8.html x

@alisonyeo6760 11 месяцев назад

Thank you so much for making the video! (I watched it and think I left a comment🤔). It was really helpful and informative. We (my husband and I) have started making over payments as the interest we can make in savings is lower than our mortgage rate. Will keep an eye on interest rates though and adjust accordingly! Xx

@TheVeyZ 6 месяцев назад

I only have one credit card, and I only use it if I already have the money to pay it back.

@stephs335 3 месяца назад

What are your thoughts on buy now pay later? I try to only have one thing at a time that I’m paying off so it’s not a bunch of payments coming out.

@ClassicTrucker 6 месяцев назад

I always have

@courtneym.9472 Месяц назад

I'm curious about Plum but it's not available in Canada. Do you know of any apps similar available outside of the uk?

@Makingmoneywithgundougoda 9 месяцев назад

I am a new subscriber 😊

@LaraJoannaJarvis 9 месяцев назад

Thanks for subbing! X

@veronicwbrennan4002 Месяц назад

I enjoyed this. My concern though Lara is I still don't get this postage business. How does the company know where and who to send it to? I think i will need to get a friend to actually physically show me. Feel really dumb. I have been buying and selling on ebay for years.

@tenzinkunkey8937 Месяц назад

How do I learn how to budget? I’ve always been an impulsive spender and haven’t saved any money in 43 years of my life. I need help.

@happymolecule8894 7 дней назад

You can start a backwards budget. Once you get your salary, immediately invest 25% of it (Or put in savings, your choice) and spend the other 75%.

@ladygypsysoul122 6 месяцев назад

I think I waste a lot of money by food delivery. Which I should cut down.

@hashtagblessed1819 8 месяцев назад

you look a lot like Dr. Arizona from Grey's Anatomy ❤

@SorchaRattigan 7 месяцев назад

THIS! I was trying to think why she looks familiar! 😂

@nicollemurray7581 7 месяцев назад

I was thinking the same thing 😂

@marcielynn4886 8 месяцев назад

No fast food!

@KentBrono 6 месяцев назад

Saving typically results in you earning a lower return but with virtually no risk. In contrast, investing allows you the opportunity to earn a higher return, but you take on the risk of loss in order to do so.

@TownSend-er1lk 6 месяцев назад

I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to huge success!

@KentBrono 6 месяцев назад

I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal..

@KentBrono 6 месяцев назад

Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner..|

@sparklemotion86 3 месяца назад

Correct spambot, but that isn't what this video is about

@natalielong7804 5 месяцев назад

I am very new to budgeting but really need to learn how to. Can you send me any links that will help me make a start please? Many thanks x

@myaccount9498 4 месяца назад

Calculate your costs. Electricity, water, rent, transport, clothes, hair etc. Add it all up and divide it by how often u get paid. Or u can look it up on RU-vid. I calculate my yearly expected expenses and divide by 26 as I get paid every 2nd week.

@pamelayakimova9322 Год назад

I am soon to be a first time mother and I find it really sad that I’ve seen baby formulas in shops being security tagged and hearing that mothers out there can’t afford to buy formula and they try to steal it. Among this baby products are very expensive is there any advice you can give or tips on buying discounted baby products? I’ve downloaded some apps which are great, but I was wondering if you might consider making a video on how to save on baby products?

@LaraJoannaJarvis Год назад

Such a coincidence you mention this because I saw this on the news and it was deeply upsetting. I feel so sad for any mother's/parents who need to do this and that the prices for it are not subsidised or discounted. I wish there was something I could do to help. I can look into this though and see if I can come up with anything to help; good idea! xx

@sue488 Год назад

There's a healthy start scheme for those parents that are eligible

@misslanapaulford Год назад

If you can Breast Feed ( it's free) if you can't BF with the baby attached, then use a breast pump and feed the baby that way.. Also as suggested above, there are plenty of schemes and help for new mums. Make sure have everything filled in before the baby comes. Ps. The baby doesn't need fancy and brand new clothes for the first 3 months. Hand me downs ( good condition) is fine. The baby will just want to be warmed and loved and feed and with mum. Second hand or hand me downs ( in good condition is fine).

@petermorhead4160 Год назад

Breast feed, I did. It is free and is best for your baby.

@misslanapaulford Год назад

@@petermorhead4160 Yes it is, But sometimes either baby doesn't latch (mine) and the only way to get the good stuff in them is bottle, plus at least dad can help with the feeding. It's the milk part that's important.

@cj._love_under_the_sun 3 месяца назад

but why encourage using cc's??

@nicc8230 Год назад

Just constructive criticism...intro is a little long...almost 3 min. Before getting into tips.

@LaraJoannaJarvis Год назад

Thanks for the feedback and the kind way of doing it ❤️ I do love to chat and give the background for anyone new but I will try and keep it shorter 🫣

@shaksol 11 месяцев назад

She uses Chapters, you can skip the intro easily.

@janekay4147 Месяц назад

Good thing one can fast forward

@HollysHealthyHabits 8 месяцев назад

The app you suggest it doesn’t work in the US do you know if one that works good for the US?

@Rose_1212 7 месяцев назад

Dee Burke. She's in America. I'm in Europe but watch her - brilliant channel. Regards. Rose 🌻

@dreamgirl7022 11 месяцев назад

What holiday you going on?

@dsinghr 2 месяца назад

cost of living is through the roof in Australia

@ocin7917 3 месяца назад

What is cash back?

@gen6249 Год назад

Thanks for the video Lara 💕 I have credit card debt and an overdraft, which would you suggest paying off first? With thanks 🙏 xx

@Elliecatify Год назад

Google the avalanche method and the snowball method and use whichever suits your personality best x

@Ginge-uj5wz Год назад

Whichever has the highest interest rate

@TSid345 10 месяцев назад

She’s no financial advisor.

@andrewchristou2693 3 месяца назад

She’s hot 🥵

@hemantparakh6462 8 месяцев назад

Spending 35° of Income becomes a must otherwise one would have to spend much more that too with problems

@kez6375 6 месяцев назад

I've got such a bad habit to spend on vapes, deliveroo and coffee's. I buy it and then regret it after.

@holliecopter3057 3 месяца назад

Same😮‍💨 tried to quit but the geek bars have me in a choke hold

@gemmawoodcock4653 Год назад

❤

@akaski777 4 месяца назад

Get an allotment grow own veg . Open fire place up if possible lots of free wood about . Buy yellow sticker food . Make a batch of food in slow cooker put into boxes put in freezer . Buy a fire stick for movies . Bike to work . Make your own wine beer . Buy items from car boots clothes from charity shops … 😂

@priscillaharber6842 Год назад

I've been doing this and more for years! I don't even own a t.v. I HAVE to cook everything myself, due to severe food allergies. My phone bill is as cheap as they come. I haven't bought a new stitch of clothing in more than 5 years. I have absolutely no subscriptions, no gym membership, etc. I don't drink alcohol, because my father is an alcoholic and my mother is allergic. My rent is the lowest I could find in the area. I haven't bought anything online since my wedding 15 years ago, which we did NOT go into debt for. I, carefully, use the cash back apps for groceries and gas. And I ran my last car into the ground, currently using every last bit of my current one up as well! So, no actual tips for the actual poor here either! I need something more for the poor, not affluent spoiled brats wasting money and whining about "the shoe I wanted was on sale for $100.00, but wasn't in my size! Why me!?!"

@princessdumbarton9877 8 месяцев назад

Exactly.

@deborahbain9915 7 месяцев назад

I totally agree with your post

@pattylilly873 5 месяцев назад

Can you lower your heat/ cooling or electricity. Save every receipt for a month. See what you spent money on. I'm living on less than 800 a month.

@myaccount9498 4 месяца назад

@pattylilly873 Wow. That's incredible u can live on that. Well done 🎉 Your frugality is extraordinary 💜

@hemantparakh6462 8 месяцев назад

If one Saves more than 65° of the Income then money Would Grow at a more slower pace

@user-rq9ph1yt9i 8 месяцев назад

wish I found this channel earlier... I've done so many mistakes in trading...

@kaitlinobrien243 6 месяцев назад

Laura where in the world are you? ❤

@ryankiel4895 3 месяца назад

She's beautiful!

@donnalindsey611 4 месяца назад

If you have the money to pay it off then you don't need a credit card

@LaraJoannaJarvis 4 месяца назад

Great way of building a credit score though if you pay it back in full each month...

@anonanon17 2 месяца назад

@@LaraJoannaJarvisand get cash back too

@Nikitaspaziani 10 месяцев назад

Hahaha ... jumping on a bike.. free enterteinment... after 1250 km it is still 60€/h ... but that being said, the cost should come down to 5.6€/h or 0.18€/km in the next 5 years

@rickjmiles83 8 месяцев назад

I sell on ebay full time and earn 100k a year just selling stuff from charity shops and car boots ,life don't have to be hard just Come away from the system, if your earning less than 35k a year your not even in the 1%

@starlightsky655 7 месяцев назад

Wow that’s amazing 🤩

@rebeccaramsey1274 5 месяцев назад

This video is so out of touch. We are living in a time where these budgeting and saving tips no longer apply. The goal is to be able to literally stay alive. Maintain some kind of shelter, heat that shelter, have enough to eat. Try to stay healthy enough to avoid the hospital. But how do you do that when you're killing yourself trying to do all the other stuff while making some rich guy even richer?

@LaraJoannaJarvis 5 месяцев назад

Thanks for watching and for your comment. It’s important to remember that every single person watching is in a different situation to the next person. It’s not a one shoe fits all approach and therefore the tips which might not suit someone, will suit someone else. There are hundreds of videos here to try and help people with all different budgets and positions, sorry if you didn’t find this helpful and wishing you a warm and happy Christmas xx

@donnalindsey611 4 месяца назад

🤑🤑🤑🤑🤑🤔

@florence4845 2 месяца назад

From my perspective - if one is in DEBT, THERE IS NO eating out, drinks after work, NO NOTHING. Owing money CAUSES DEPRESSION!! Why are you racing along? It's impossible to keep upa!! BLAH BLAH BLAH... I'M OUTTA HERE!!