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I've just trained myself over time to be pretty thrifty when I need to. This time of year there are so many great things on sale that it's easy to get tempted. What I find myself doing is essentially window shopping online, browsing things and sometimes adding them to my shopping cart. And then I take a step back and think about whether I really need the item or if it's just an impulse buy. That's the thing really, retailers know they can give us a dopamine hit by getting us to buy something, and if you consciously think about that you can talk yourself out of spending on unnecessary things.
I’ve struggled with this too! One thing that’s helped is using budgeting apps that sync with my bank account. I can see in real-time what I'm spending, which helps me pull back when I start to overdo it.
I’m a minimalist, semi retired, I travel the world, and have 7 figures in the bank that I barely touch.
I became minimalist in part by moving many times in my life, and living out of hotels for much of my professional life. Stuff - including a car- needs to be stored, cleaned, maintained, moved, and eventually thrown away. It’s a lot of work as well as expense.
I also learned how to cook for myself because eating out all the time as a consultant both got old, and for me fat. I ordered sunbasket for a year, that taught me a lot of healthy cooking basics, and how to not waste food.
I limit the $18 glass of wine or cocktail to one or two a week, while I see friends have two or three a day.
I do spend money on travel and retreats but try to connect trips to work. For example I have biz trips to London, and from there will hop over to Greece. I also enjoy taking 3-day trips in new cities, where others might spend a week.
I cut out cable and landline years ago. I cut my health insurance in half by going hmo instead of ppo and pay out of pocket.
Watch documentaries about fast fashion/fast furniture and the meat industry. That might get you buying vintage items and cutting back on meat.
I’m by no means the ideal financial planner. I’ve made many bad investments, especially in startups, and in the wrong partners. But I think I’m doing ok and have created a balanced life.