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Lyliarose on Frugal Living and Frugal Failures

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You learn so much when you speak to the gurus. I am grateful to Victoria for sharing today on how to make sure we are financially conscious and how to avoid mistakes that others have already made. This way we will keep our frugal living finances in check, no matter how much we earn. We will also be able to save up for bigger expenses such as the deposit on a house, a wedding, or a big family holiday.

I asked Victoria a few questions so that we could learn from her experience. Her responses are below.

 

This blog post is rich with useful information on true frugal living. Victoria (Lyliarose) shares her experience of frugal fails and frugal living wins in the hope that it will inspire us to live a frugal lifestyle that works. Click to read or save for later.

  • Would you say you have been thrifty since childhood?

Not at all.  Well, I guess my mum was as she had to be as a young single mum with no financial support or contact with my dad, but if I ever had money for birthdays from other family members it would be spent.  I was a spender and not a saver!

  • Have you had lessons on money management in Secondary school?

No, absolutely none and I think it’s really bad.  I think finance should be taught in school in some form.  When I received a chequebook I didn’t even know how to write a cheque!  I’m learning to save now I’m in my 30s and it’s important I teach my kids to save for their future too.  I hope I can pass on some great money advice to my children when they are older.  I don’t feel I had any.

  • What would you say are 2 or 3 epic money fails you have had since becoming an adult?

Taking out store cards to buy whatever I wanted at age 18.

Taking out loans to pay off all the store cards by age 19.

Hitting debt crisis before I hit 20 and going on a debt management plan for over 5 years.

  • Did you have a frugal epiphany? What caused it, or how did you decide to develop the frugal habit?

Once I went on my debt management plan, which takes all disposable cash and leaves only what they think I need for food and sundries of around £30 per week, I had to become more careful with money!  I had to work out incomings, outgoings and budget my food shopping for years.  I moved into an affordable bedsit and started on a minimalism journey to clear out and sell things I really didn’t need.  It was a necessary process at the time, but I’ve carried on with it to today even though finances are in a normal state today.

  • What are some of the things you practice now as part of a frugal lifestyle?

I don’t buy things I don’t need.  I used to be a consumerist and also have clothes shopping addiction.  Now I shop for clothes in charity shops and have a capsule wardrobe with very few pieces.  If I want something new then I try to sell something I already have to pay towards it.

  • What is the biggest saving you have made as a result of being frugal?

Over the past year, we have managed to save a few thousand pounds by saving 10% of our joint income.  We never had savings before, so this is great for us.  I plan to continue saving as much as possible from now on.

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  • Now that you are more money savvy, what 3 pieces of advice would you give to others about handling money?

Save as much as you can – treat it as an outgoing as soon as you get paid and do not dip into it.

Do not open store cards – ask if you really need it or whether you just want it.

Don’t buy things you can’t afford – obviously there are exceptions like a mortgage for a house as it’s better to pay that than a lifetime of rent and someone else’s mortgage, but unless it’s absolutely vital then you should save for larger purchases and avoid any interest repayments that aren’t necessary.

  • What about frugal fails? We’d love to hear a few of those too.

The one thing I’m not very frugal with is food.  I love to eat the healthiest whole foods and prefer to shop organic as being as healthy as possible is very important to me.  I could save a small fortune on our food shopping, but it’s the one area I’m prepared to pay more for the sake of our health and the environment.

 

 Victoria is a full-time blogger at www.lyliarose.com and www.healthyvix.com.  She absolutely loves blogging and as well as being a passion and hobby it has now turned into her full-time profession.  Victoria lives in Gloucestershire with her husband and two young children.  She blogs about money, healthy living, family lifestyle and more!

I’ve tried hard to pick just one favourite quote from Victoria today. Well, I’ve failed. So I’ll choose two quotes that really stood out for me and that I think will help others.

” Save as much as you can – treat it as an outgoing as soon as you get paid and do not dip into it.”

“I think finance should be taught in school in some form.”

 

What has been your favourite frugal living take on this post? Do you also make the mistakes she did? Are you now willing to make changes and get your budget back in check? Let’s chat in the comment box below.

I’m taking part in the Monday Money linky with Lynn from Mrs Mummy Penny, Faith from Much More With Less and Emma from EmmaDrew.Info

 

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Comments

  1. Faith @MuchMoreWithLess says

    April 30, 2018 at 6:24 pm

    Impressive how Victoria learnt so much from her DMP, and by continuing her frugal lifestyle, has been able to start saving. Wish there’d been lessons on money when I was at school too!
    Thanks for joining #MondayMoney.

    Reply
    • Joleisa says

      May 7, 2018 at 8:37 am

      Thanks for allowing us to share. The lessons are vital in school and we keep saying it but nothing happens.

      Reply
  2. Tuppenny says

    April 30, 2018 at 8:19 pm

    Yikes! On a DMP by 20! Really impressed that Victoria recognised she was in trouble and took the necessary steps at such an early age. A lesson well learned with her great 10% saving rate. Thanks for an interesting read.

    Completely agree with your 2 standout quotes – Pay yourself first is so important. and financially literacy should be on the national curriculum.

    Reply

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Hi, we're Jo and Leisa, twin sisters and authors of Joleisa.com. Originally from the sandy beaches of Jamaica we now reside in England where we followed our calling to teach. But sometimes that call changes and our new passion is writing. We're here to give the ups and downs of it all with our lifestyle tips and tricks to help you avoid the sour lemons that can get in our way of frugal budgeting, intentional living and happiness. Join us and learn more about how we found the simplest ways to achieve easy living. Read More…

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