Time to start saving and doing what you want! Meet the Frugalwoods: Achieving Financial Independence Through Simple Living a young couple in their 30’s account of how they started investing in their future early on and at one time were even being extremely frugal enough to save 86% of their full-time salaries while working in corporate America. In less than three years Liz (Mrs. Frugalwoods) and her husband Nate were able to save enough to quit their jobs, buy a homestead property in the Vermont woods, leave the city, work from home, and support themselves through their investments and savings by being extremely frugal and thrifty. Throughout the book, the author acknowledges their privileges of both being white middle class Americans and raised by highly educated parents (interested? read more about “The Privilege Of Pursuing Financial Independence“ in her blog). Mrs. Frugalwoods does not curtail the reality of this and how their families and formative years played a key role in their financial education and upbringing ultimately leading to their financial freedom. Her “philosophy is that managing your money wisely enables you to pursue unusual aspirations and opens up a world of options for how to live your life”.
Meet the Frugalwoods is a real account of this small family’s story on their extreme frugality from giving up eating out or to no longer buying that $5.00 cup of specialty coffee from a coffee shop, giving up regular expenses such as make-up and clothing (interested in quitting spending money on clothes…read her clothing ban blog), using what you have or buying second-hand, to making sound economical and budgetary savings all of which are good tips for anyone looking at cutting corners and making the most of their income. Read Elizabeth Willard Thames book and website – blog and learn how you too can start being more frugal and start saving your hard-earned money and turning it into the life of your dreams. Check it out! Learn about investing, saving money and moving yourself closer to greater financial independence.