Core Insights - Frugal living emphasizes making smart financial choices for long-term stability rather than short-term spending, especially relevant given that over 37 million Americans live in poverty, which is more than 11% of the population [1] Group 1: Frugal Habits - Buying older, used vehicles in cash helps avoid financing costs and reduces auto insurance expenses, a practice learned from growing up in a lower-middle-class household [3][4] - Utilizing credit card rewards effectively by paying off balances monthly allows individuals to benefit from cash back and rewards programs without incurring high interest charges, leading to significant savings [4][5] - The principle of using items until they are worn out reflects a mindset developed from limited financial resources, promoting sustainability and cost-effectiveness [5]