Meet the Frugalwoods: Achieving Financial Independence Through Simple Living
I had never heard of "Frugalwoods," the blog of personal finance and frugality blogger Elizabeth Willard Thames, before checking out this audiobook on a whim. In their twenties, Thames and her husband decided to enact "extreme frugality" in order to achieve their dream of living on a Vermont homestead and being financially independent. They saved over 70% of their joint income--no small thing in expensive Boston--and reached their goal in three years.
I found this book--while fascinating and inspiring, especially regarding ideas of consumption, spending, and need--to be uneven. Thames devotes more time than I would have liked to the details of events like job interviews and giving birth and less than I hoped to the specific strategies she used to reduce their spending by so much. On the whole, it was good food for thought, and it did prompt me to visit her blog and dig into the archives.
This post may include affiliate links. That means if you click and make a purchase, I may earn a small commission. Please see Disclosures for more information.
The deeply personal story of how award-winning personal finance blogger Elizabeth Willard Thames abandoned a successful career in the city and embraced frugality to create a more meaningful, purpose-driven life, and retire to a homestead in the Vermont woods at age thirty-two with her husband and daughter.
In 2014, Elizabeth and Nate Thames were conventional 9-5 young urban professionals. But the couple had a dream to become modern-day homesteaders in rural Vermont. Determined to retire as early as possible in order to start living each day—as opposed to wishing time away working for the weekends—they enacted a plan to save an enormous amount of money: well over seventy percent of their joint take home pay. Dubbing themselves the Frugalwoods, Elizabeth began documenting their unconventional frugality and the resulting wholesale lifestyle transformation on their eponymous blog.
In less than three years, Elizabeth and Nate reached their goal. Today, they are financially independent and living out their dream on a sixty-six-acre homestead in the woods of rural Vermont with their young daughter. While frugality makes their lifestyle possible, it’s also what brings them peace and genuine happiness. They don’t stress out about impressing people with their material possessions, buying the latest gadgets, or keeping up with any Joneses. In the process, Elizabeth discovered the self-confidence and liberation that stems from disavowing our culture’s promise that we can buy our way to “the good life.” Elizabeth unlocked the freedom of a life no longer beholden to the clarion call to consume ever-more products at ever-higher sums.
Meet the Frugalwoods is the intriguing story of how Elizabeth and Nate realized that the mainstream path wasn’t for them, crafted a lifestyle of sustainable frugality, and reached financial independence at age thirty-two. While not everyone wants to live in the woods, or quit their jobs, many of us want to have more control over our time and money and lead more meaningful, simplified lives. Following their advice, you too can live your best life.