As a first-generation Filipina-American, Bernadette Joy grew up with frugal habits instilled in her by her immigrant parents, who were trying to achieve the American dream. In 2016, she found herself in $300,000 of debt, leading her to develop a passion for personal finance to improve her situation. She paid off her debt in three years and became a millionaire in her thirties. Now, she runs a coaching business called Crush Your Money Goals, helping others make their money work for them.
One of the frugal habits Bernadette continues to practice is buying the least expensive cuts of meat. She opts for more affordable options, like end-cuts of beef short-ribs, which may not be as visually appealing but are budget-friendly. She also saves her hotel room vanity kits, repurposing items like toothbrushes and toothpaste for various uses. Bernadette emphasizes the importance of using every resource available to save money.
Bernadette repurposes takeout food containers for storage purposes instead of discarding them after a single use. She also ensures she uses every drop of her favorite beauty products, stemming from her experience with eczema. Similarly, she looks at menu prices before ordering at restaurants to make cost-effective choices. By starting at the end of the menu and reading in reverse, she can find more affordable options while still enjoying a premium meal.
Another frugal habit Bernadette practices is preserving high-quality shopping bags for various purposes, such as carrying snacks or lunches when on the go. She also wears free T-shirts to the gym instead of purchasing expensive workout clothes, utilizing swag from conferences and events. These frugal habits allow Bernadette to spend money on experiences that matter to her, like K-Pop concerts and supporting local businesses.
Maintaining these frugal habits helps Bernadette feel less guilty about spending money in areas that are important to her. By incorporating these practices into her lifestyle, she has become a better budgeter, a more confident investor, and ultimately a millionaire. Bernadette’s story serves as an inspiration for others looking to improve their financial situation and achieve their own money goals. Her coaching business provides education and support for those wanting to take control of their finances and work towards financial peace.
