Summary of How To Get Rich By Being Cheap (Frugal Money Tips To Save 50% Of Your Income)

00:00:00 - 00:35:00

This YouTube video provides tips on how to save money by being frugal. The tips include suggestions on how to reduce expenses, and how to make money on the things that you already buy. The video also demonstrates how to save money on toilet paper by using estimates to determine how many plies are in each type of paper, and by pouring the water from each container into a sink.

• 00:00:00 In the video, host Chris Killip talks about how to save money by using frugal tips. He shares 20 tips, one of which is to choose value for money over cheap. He demonstrates the difference between cheap and value for money toilet paper by using two examples. The first example is toilet paper. He used a cheap case of toilet paper and found that it lasted only three plies before it needed to be replaced. The second example was toilet paper that he bought that was more expensive. He used six plies of the more expensive toilet paper and found that it lasted just as long as the cheap toilet paper.
• 00:05:00 This video demonstrates how to save money by being cheap with regards to toilet paper, by using estimates to determine how many plies are in each type of paper, and by pouring the water from each container into a sink. The cheaper toilet paper failed in the absorbency test, while the more expensive toilet paper lasted for about a month.
• 00:10:00 The video discusses ways to save money, including by buying cheap products and using everything until it's "really done." The fourth tip is to buy gas from a specific gas station.
• 00:15:00 The author provides seven tips for frugality, including not spending a lot on clothes, investing time to learn how to do things oneself, and buying in bulk. He also recommends not spending a lot on gas, food, or nails. Finally, the author recommends investing time and money in oneself, rather than spending money on things that will eventually depreciate.
• 00:20:00 The author provides tips on how to save money, including tips on eating out on a schedule, reducing risk by spending less than you have budgeted, and spending less on utilities. The author also provides tips on making your home more efficient and reducing your electricity bill.
• 00:25:00 The YouTube video discussed how to save money on deodorant by making your own, avoiding eating out, and working out at home. It also mentioned that some people waste food by not eating it all, and that wasting food wastes money and time.
• 00:30:00 This YouTube video presents 21 frugal money tips to save more money. One of the tips is to compare prices frequently to find the best deals. Doing this can save a lot of money.
• 00:35:00 This YouTube video provides tips on how to save money by being frugal. The tips include suggestions on how to reduce expenses, and how to make money on the things that you already buy.