MONEY SAVING TIPS: How I save $14,000 a year 💰 (minimalism + simple & healthy living)

Money is easy to spend and hard to save,
but there are a few things that you could do to make it a little bit easier
to save money. In this video, I’m going to share 20 of my money-saving tips. These
are things that I’ve applied myself over the last few years and they’ve saved me
roughly fourteen thousand dollars a year. That’s Canadian dollars not US dollars
but it’s still significant. If you’re interested in learning from my
experience keep watching the video. Hi! Welcome back to The Whole Happy Life. My
name is Ria. If you’re a new subscriber thank you for subscribing and if you’re
just a new person watching this video, welcome to the channel! So I wanted to
say a few things before we dive into the tips, but if you want to go straight
through the tips, you can just fast forward. But I do think it will be useful
to know the context. So the first thing is – all of the dollars in this video are
Canadian dollars not US dollars. The second thing is – all of the tips here are
based on my personal experience. Things that I’ve chosen to cut down on and I’m
not saying that you need to do that. It’s just me sharing my experience with you
guys and hopefully you can take something away from it something that
resonates with you. The third thing I wanted to mention, which is an important
thing is a lot of the changes that I’ve made in terms of how I spend money is a
result of changing my lifestyle. When I was living in downtown Toronto ( downtown
core) I had so many temptations! Places to go eat, bars, shopping centers… It’s
endless – the amount of temptation there is and you’re spending a little bit
every day and it really adds up. I don’t live that way anymore. I live in a very
simple and minimal way and as a result of that I’ve been able to save all this
money. Number one: I no longer buy books the way I used to. I used to buy at least
a book a month in the past and I don’t do that anymore. I get my books from the
library and that saves me a lot of money. I’m not saying I never buy books – I
occasionally do buy books but only if I truly love them and I want them
to be part of my collection. I don’t buy everything the way I used to. So I would
say that I save $20 a month by not buying books. That amounts to two
hundred and forty dollars in the year. Number two: I got rid of cable TV. So I
used to have both cable TV and Netflix but I never watched cable TV. It was just
a waste so we got rid of it. I’m saving roughly $60 a month by not
having cable so that amounts to 720 dollars in the year. Number three and
this is a big one. I don’t eat dinner out as often as I used to. When I was living
in downtown Toronto, I would be eating dinner out at least four times a week.
Two times with my husband. Two times with friends but I don’t do that anymore. I
would say I eat dinners out maybe two times a week now. So it’s half of what I
used to and earlier I used to get appetizers and dessert with every meal. I
don’t do that anymore. I just get the main and that’s pretty much it. I’m happy with
that. I would estimate that I save roughly $45
a week. $45 a week amounts to two thousand three hundred and forty dollars a year.
Number four: I no longer buy bottled water and bottled beverages the way I
used to. In the past, I never really bought bottled water for a daily thing. I
had a filter but I would buy bottled water on the go – when I was out and I
would buy things like ice tea and this was a regular occurrence. I no longer do
that. I take a water bottle from home with me all the time – I put it in my tote
bag and I’m good to go. I don’t buy bottled beverages and that saves me
roughly fifteen dollars a month which is one hundred and eighty dollars in the
year. Number five: I eat more plant-based meals. So I wanted to mention that I’m
not a vegan but I do eat a lot of plant-based meals. I used to eat a lot of
meat in the past and over the last three years I’ve reduced that significantly. I
would estimate my savings to be roughly twenty dollars a week because I’m not
buying red meat like lamb, I’m not buying seafood as much. So that twenty dollars a
week amounts to one thousand and forty dollars in the year. Number six: I have
unsubscribed from all of those emails that tell me to buy things! So you know
you sign up for emails from stores and then you get
those promotional emails… 40% off 50% off? That is super tempting!
I was buying things I didn’t really need + that didn’t serve a purpose.
It was just buying for the sake of buying. I would put my estimate at $80 a
month. Number 7: cancelled magazine subscriptions. I used to have four
magazine subscriptions in the past and now I have none. If I want to buy a
magazine, I’ll buy it but it’s a rare occurrence. But I won’t subscribe to
magazines the way I used to and I get them from the library. I’m quite happy
using the library magazines so I would estimate my savings to be $60 in the
year. Number 8: I don’t drink as often as I used to and I don’t drink
out as often as I used to. So when we get drinks at a restaurant, especially
for an expensive city like Toronto… you’re getting a cocktail… sometimes it
can be upwards of $12 a cocktail and that adds up. Now if I do drink which is
very limited because I don’t enjoy it as much as I used to,
I’ll drink at home. I have a small amount at home and it’s not that expensive when
you’re having it at home. Restaurants have a huge markup. I estimate my savings
to be $50 a month which is $600 a year. Number 9: Meal planning. I’m not talking
about meal prep but meal planning. So meal planning is where you’re
figuring out what you’re going to make.. a rough plan for the week and you go
grocery shopping based on that list. I didn’t do that
in the past. In the past, I just went to the grocery store and got whatever I felt
like and by the end of the week there were a few items that went bad and I had
to throw them out which was a waste of money. And I was buying too much stuff. I was
buying junk that I didn’t need. But now with a list I stick to it and I don’t
buy all those extra things and there’s no food wastage. So I would estimate the
savings to be $35 a month which is 420 dollars a year. Number 10: I enjoy
staycations more often. So this one’s a big item for me, it may not be for you.
I used to be a big vacation person in the past. I would go on vacation twice a
year. I would spend several thousand dollars. It was
something I valued at that time but now that I’ve changed my lifestyle I don’t
value big vacations as much. I’m okay having one vacation and then having one
staycation instead of two big vacations a year. This year my husband had to go
to India to attend a wedding and I thought ” You know what? I don’t need to
attend this wedding – it’s not necessary for me. I can enjoy a staycation and save
some money and enjoy the time to introspect and just be by myself.” And
that’s what I did and I truly enjoyed it. And I saved roughly twenty-five hundred
dollars. Number ten: I’ve built a more intentional
wardrobe and I no longer spend on clothing, handbags, shoes that I don’t
truly love. in the past, I used to do a lot of impulse purchases and I don’t do
that anymore. I really think about the clothes and things that I buy to see if
I’m going to be wearing them long-term and I have a video on this if you’re
interested which I link in the description box below. I would estimate
my savings from not buying those impulse purchases… not buying extra handbags and
shoes.. that would be roughly $80 a month which is nine hundred and sixty dollars
in the year. Number twelve: I watch more movies at home now. When I was living
downtown, we were very close to the movie theater. It was probably a 10 minute walk
from our place and I would go for movies almost every weekend. Not quite every
weekend but almost every weekend. And it’s not just the movies, you end up
getting popcorn as well. It adds up. So I don’t do that anymore. I would estimate
my savings to be roughly four hundred dollars a year. Number thirteen: I avoid
obligatory gift-giving. Underline the word obligatory because I’m not saying I
don’t give gifts. I don’t give gifts that I’m obligated to give that I feel that I
need to but I don’t really want to. That’s what I mean by obligatory gifts.
Because what I find about obligatory gifts is – it’s a cycle. I give someone a
gift and they’re obliged to give me a gift and then I then I’m obliged to give them a gift and then that cycle keeps on going on and I honestly do not want to
be part of that cycle. Because I think gifts should be given because you truly want
to give them not because you’re supposed to give them. That’s my view, you may not
agree but I save roughly thirty dollars a month on that.
That is about 360 dollars a year. Number 14: I no longer buy extensive cleaning
products. So I used to buy a lot of disposable cleaning products such as
disinfecting wipes, paper towels, mopping pads, all that stuff and because it’s
disposable you have to continually buy it and it truly does add up. So I don’t
do that anymore. There are other ways of cleaning with reusable items and
cleaning very simple products and I would estimate my savings to be about a
hundred dollars a year. Number fifteen: I cut my own hair. I have
not gone for a professional haircut in two and a half.. three years now. It’s been
a long time. I’m not the best at cutting my hair but I’m getting better! So I
think it’s something to practice and to be honest I never wear my hair fully
straight so we can’t really tell the mistakes. So I used to spend roughly
sixty dollars every four months to get my hair cut, sometimes it was more but I
don’t do that anymore. I would estimate the savings to be roughly one
hundred and eighty dollars in the year. Number sixteen: I don’t use a dryer as
often and as a result I’m saving on my electricity bills. So the savings are
roughly sixty dollars a year. Now that’s not a lot compared to all the other
things I’ve talked about but the fact that I’m using the dryer less means that
my clothes last me longer so that’s actually a big savings which I haven’t
counted in the full savings of fourteen thousand dollars I’ve talked about
earlier. But it is a savings in a way because your clothes last long, they look
good for longer and you’re not going to buy as many clothes, so there’s that as
well. Number 17: I use the instant pot more often. So the Instant Pot or if you
have a slow cooker.. the slow cooker tends to use a lot less electricity compared
to an electric stove or an oven. I think it’s roughly 70% less so because of that
my electricity bill is lower. I would estimate my savings to be about fifty
dollars in the year which is not a lot but I find that with the instant pot I
can cook in batches and because of that I’m not eating up as often so there’s
that aspect of the savings too. So I definitely think having and instant pot or
slow cooker is a good way to get meals on the table without having to do too
much work. I don’t buy coffee and tea at a cafe every day like I used to.
So when I was living downtown and working downtown I would go for coffee
with my friends and I would go get a nice caramel latte or something like
that and then I would get some sort of a dessert. It was just a thing I enjoyed it
so much but I don’t do that anymore. I make my own tea at home and I enjoy that
and I don’t feel the need to buy something at a cafe on a daily basis. I’m
not saying I never do.. it’s not on a daily basis. So I would estimate the
savings to be roughly $50 a month which is 600 dollars a year. Number 19: I pack
lunches and snacks. When I was downtown I would go to the food court at least two
lunches out of the week and then I would go for snacks as well and I don’t do
that anymore. I also pack my husband’s lunches so I
would estimate my savings to be roughly $35 a week which is really not that much
if you think about it. $35 a week it adds up. So $35 a week is one eight two
zero dollars in the year. One thing I wanted to say is all of the big-ticket
items in this video have been pretty much food items. Food when you eat out tends
to cost a lot especially if you live in an expensive city and I’ve cut that out
significantly. And not only has it helped my budget, it’s also helped my health and
I think that’s a huge reason why I feel so much healthier than I used to because
I’m actually in control of what I eat. So I just wanted to mention that. Number 20
I no longer go for weekly yoga classes. When I was downtown I used to go for
weekly yoga classes and I think it was a good thing that I did. I’m not saying I
shouldn’t have spent that money – it was money well-spent
but I don’t feel the need to go for classes all the time now. If I really
want to go for a class, I will go, but I can also workout at home. I have an app
on my phone that I use and I love using YouTube channels as well for yoga. I’ll
put a few in the description box below. I would estimate my savings to be $45 a
month which is five hundred and forty dollars in the year. So what is the sum
of all these things? It’s fourteen thousand one hundred and thirty Canadian
dollars. I just wanted to say that this has been a result of
of changing my lifestyle… changing my priorities and going from a somewhat
more materialistic lifestyle to a simpler and more minimalistic lifestyle
and a healthier lifestyle. I think cutting out the eating out, cutting out
all those expensive meals, the alcohol and eating at home, eating whole foods
has also helped a lot. I still enjoy my life but I don’t enjoy
it in the same ways as I used to. I enjoy it in different ways and my priorities
have changed and that’s ok. So I hope you enjoyed this video and you
learned something new from it and maybe you can relate to some of my experiences.
If you liked it give it a thumbs up and don’t forget to subscribe because I
create videos like this every week. I will see you in the next video. Bye!


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