“Set high standards and few limitations for yourself”
There are some fairly standard things that I’ve given up to save money. Many of the items on the list below are such standard living conditions in the west that it is actually fairly unusual to go without them.
A couple of for examples things we gave up on are:
- Breakfast (unless it is free)
- Hot water (for some showers and entirely for washing clothes)
- Credit Cards
- Restaurant and cafe meals (unless they are free, but don’t worry I don’t scoff and bolt)
- Mobile Phone
- iPads or tablets or gaming console
- A stereo
- A clock radio
- A watch
- Drawers (a no brainer when you have almost nothing to put in them)
- Casual shoes and running shoes (although I still run some – for fun and when I am fleeing from restaurants…kidding)
- Formal education (I have been enrolled in some education or other since I was 5 up until about 4 years ago. I’m 37 by the way).
- A microwave
- A food processor.
All of these things have a purchase price, an opportunity cost (what else you could do with the money like invest it and live off it) and an operation or lifetime cost. It might be cheap to buy a microwave, but the cost of lifetime electricity would be significant. If you don’t mind cold food or you are allergic to microwave radiation then you might choose to live quite happily without one.