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Frugal Tips

Saving Money Through Intermittent Fasting

In the constant search for ways to save money and to be healthier, I have come across intermittent fasting. Most people start intermittent fasting for the health benefits, but many people forget the economic benefits from choosing not to eat breakfast every day. In this post, I’m going to go over both the health benefits and why fasting can be a great way to save money as well. So without further ado, let’s dive in!

Let’s start with the question, “What is intermittent fasting?” Intermittent fasting is where you fast for an extended period of time, it could be a fast for 12 hours or it could be a fast of 20+ hours. During the fasting period, you are not supposed to have any calories at all. This allows your digestive system to recover and take a break so it’s not constantly working. Many people are starting to do this and more and more are finding the health benefit of this fasting. Because you are eliminating all calories for the majority of the day, you can see how it can be beneficial to your waist if you do it properly.

I’ve been practicing intermittent fasting for over a year now. I didn’t consult a doctor or anything and if you choose to try intermittent fasting, I recommend doing your own research or at the very least, talk to your doctor about it first. My wife recently joined me a couple months ago and we both are feeling great about it. We finish consuming calories at 5:00 PM every night and we can consume calories again starting at 11:00 AM the next morning. So we fast for 18 hours and I do it every day, but my wife just does it during the week. Just as a personal anecdote, I’ve gone from 228 pounds down to 213 in the past month and a half alone from fasting as well as playing pickleball every chance I get. Although these results won’t be there for everyone, you definitely can slim down a bit because of intermittent fasting.

Fasting is actually pretty easy once you start doing it more often. You soon realize that water, tea, and black coffee are you best friends. Tea and black coffee don’t have any calories unless you add sugar or creamer so if you like these drinks, you’re in luck! Coffee is a hunger suppressant so it does make fasting easier as well and I already told you about how to save money by making your own coffee every money. Along with promoting hydration by drinking more water, you are also cutting out all sodas that are full of sugar and calories that leave you severely dehydrated.

Now we reach the main subject of this discussion, how does it help you save money? Well, you are eliminating an entire meal per day… just let that sink in. You don’t have to go to the grocery store and get breakfast foods. Cereal, bagels, waffle mix, pancake mix, breakfast bars, and any other kinds of breakfast foods that are loaded with sugar, unhealthy fats, and refined carbs are eliminated and out of your house. I haven’t bought breakfast in so long, that I don’t even know how much these things cost. But if you regularly purchase $30 worth of breakfast foods every time you go to the store, you can see how these savings could add up and you can add that money to your emergency fund or even funnel it right into your investments.

My only exception to the breakfast foods is oatmeal. When it’s cold outside, there’s nothing better than having 11:00 AM come around which allows me the luxury of having a warm bowl of oatmeal. During winter, I always break my fast with oatmeal. It’s full of fiber and it keeps things moving and regular if you know what I mean.

When it comes to actually eating in the 6 hour window that my wife and I have, we have foods that have filling fiber, we might make a smoothie, have some fruit or a salad. On the flip side, we might eat absolute trash and have leftover pizza or some pasta or something frozen that we just threw in the oven or microwave. We don’t count calories as long as we just stay in the eating window that we have. As average people eating 2,000 calories per day, it’s hard for us to get over that number if we just limit our eating and snacking to 6 hours per day.

If you are looking to start intermittent fasting, I have a big tip that will help you. Drink. Water. A lot of the times when you’re “hungry”, you’re actually just thirsty. But you can’t tell hunger pains from being thirsty so you just think the best thing is to snack on something. I’m here telling you that drinking water will keep your stomach happy and not screaming for you to fill it. Along with that, most people don’t realize how dehydrated they are. If your urine is a light straw color, that’s a good sign. If your urine is a darker yellow or brown, that’s a sign that you’re dehydrated. I personally aim to drink at least 160 ounces of water per day. I usually stop drinking an hour before I go to sleep which is 9:00 PM so I can sleep without having to wake up and go to the bathroom at night.

Again, I am not a doctor. And before you start doing this, I recommend you consult with your doctor and do more research on intermittent fasting and you can plan for doing it better. Are the health benefits and money saving benefits worth fasting? In my opinion, the benefits far outweigh the downsides, if there are any.

I’ll end this post here. I just wanted to give you information and more money saving tips so if you’re looking to cut your expenses, that it’s a little bit easier to find ways to do so. If you don’t want to try intermittent fasting, no worries! There are plenty of other ways to save money and cut your expenses.

Thank you so much for reading and I hope you find this information informative. I’ll catch you on the next one!

Marcus

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Frugal Tips

How to Save Money on Coffee

Starbucks, Dutch Bros, Dunkin Donuts.

What do you consider the category that these companies fall into? Coffee? Breakfast places? Not me, I call these the Money Traps. 

Every day, people value breakfast and their coffee. Breakfast is a whole other issue that I’ll tackle in the future, but for now let’s just focus on coffee. For most college students, coffee is the daily vitamin that you take in order to get through your projects and exams. It even gets to the point, (and this has happened to me) when you have withdrawals if you don’t have your daily dose. Because of this addiction that most people face, companies that specialize in making coffee drinks, are multi-billion dollar money printing machines. The cost to make a cup of coffee is incredibly low and they get away with charging incredibly high prices for their customers.

In 2019, Starbucks generated $21.4 Billion in sales… this comes out to $65.20 per man, woman, and child, both young and old. Spending money on coffee is by far, the most ridiculous commodity you can spend your money on. It doesn’t appreciate in value and once you sip down the last drop, your body just gets rid of it soon after anyway. You are essentially peeing out money that you didn’t have to.

You can easily make your own coffee at home for around $0.17 per cup. The cheapest coffee at Starbucks is a small sized black coffee for $1.96. That’s 11 times more expensive than what you can just make at home! My wife and I go to Costco and get 2 huge containers of ground coffee for $13. Even with having coffee every day, our coffee stash lasts us over 4 months… on just $13!

Just think about what all those savings could do for your retirement or investing portfolios. If you saved that $1.79 every day and instead put it into an S&P tracked ETF that would grow just 7%, after 30 years you would have just over $70,000! Compound interest is a serious matter that everyone should be taking advantage of. 

Once you become more frugal with these small changes, you’ll quickly be able to see that choosing the cheaper option doesn’t mean that you’ll sacrifice on the quality you’ll be getting. It just means that you have more money in your pocket that can work for you! And that is what all these posts in this section are about. I want to teach everyone who reads my blog that becoming more frugal doesn’t mean that you suffer, it just means that your wallet won’t suffer. In fact, it’ll make your money work just that much harder!

I think that’s a solid tip for today, I hope you learned something and that you stop buying coffee altogether in the future! Not for my sake, but for your sake. Thank you so much for following along and I’ll catch you on the next one!

Marcus

Categories
Frugal Tips

Frugal Beginnings

Everyone is brought up a certain way right? Some have parents that are very wealthy and can afford luxurious vacations or can buy you a car when you turn 16. While some struggle to make ends meet and might work multiple jobs to keep their head above water for their family. My personal situation was a little in the middle but more towards the former situation.

My parents had and still have stable income in their jobs. My mom has worked in health care her entire life and my dad has been a teacher for over 20 years. My parents valued education for my brother and I and they put us in private schools from K-12. It was fairly expensive for them to do it, but if it was something they were head strong on, it was education. Because they spent more on education, we had to share vehicles when I was able to drive and we would go on many road trip vacations, but we would never go out of the country or anything. Looking back on their decision, I can strongly state that I would not have done what they did for my brother and I. There is plenty of amazing public education that you absolutely don’t need to go to a private school for it.

Because they paid for our education over so many years, it set them back financially. If they didn’t put us into private education, they definitely would’ve had enough income to pay off their mortgage early and to invest more so they could retire earlier. Being brought up this way, I knew that in order to be on the right track financially, I would have to be frugal and not make the same mistakes my parents made.

So where does that leave me now? Well, my wife and I both have older cars with no thought on upgrading unless we have to. My car is 20 years old and my wife’s is 13 years old. Our mortgage is just 22% of our take home pay. Our overall expenses every month is around $2200. This means that we are spending only 40% of our income while saving 60% every single month.

Why do I bring this up, if not to boast? Because I care about what people are spending their money on. I care about people making smarter financial decisions. Setting an example for other people earning an average income is something that I want to do on this blog to show others that anyone can make the right life decisions to be in a similar situation that my wife and I are in.

In this section on the blog, I will be going through some of the things my wife and I do on a daily basis with our habits to prevent unnecessary spending. There are a lot of tips and pointers to help the average person save even just a little bit of money every day and I want to be able to bring those to light for you!

Your expenses and being frugal is the #1 component to achieving FIRE. I hope this section can help you build on that frugal mindset!

Thank you so much for reading and I’ll catch you on the next one!

Marcus