A 25-year-old South Korean woman has been getting a lot of attention because of her commitment to saving money on a regular salary by spending as little as possible.

We first featured Ji-Hyeon Kwak a couple of years ago when she first made news headlines in her home country of South Korea after making an appearance on the popular SBS’ Master of Living television program. At the time, she had become the youngest person in South Korea to win an apartment subscription, quite a feat considering that the odds are usually stacked against young people, because of how the system works. People are encouraged to save money in a subscription savings account in order to boost their chances, and most 24-year-olds don’t have significant savings. But Ji-Hyeon Kwak isn’t your average youth. She had managed to save a whopping 100 million won ($75,000) in four years, on an average salary of 2.2 million per month, but she was only getting started.

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An 80-year-old German man has been dubbed the world’s most frugal millionaire for living off food and stuff found in dumpsters despite owning several properties worth millions of euros.

Heinz B. looks like a homeless person with nothing to his name, but appearances can be deceiving. The German man may only have €15 euros ($16) in his bank account at the moment, but that’s only because he just withdrew 700,000 euros ($756,000) to buy a new home, his tenth. The 100,000 euros left over was transferred to a fixed-term deposit to generate interest. He might not look like much, but the octogenarian is worth several millions of dollars and knows how to increase his fortune. Besides, he claims to have been frugal his whole life, so he doesn’t really need money to get by. He is more than happy living on food found in dumpsters and hoarding all sorts of things other people throw away.

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A Chinese woman has sparked controversy online with her extremely frugal lifestyle, which involves spending as little money as possible, even if it means giving up on some of life’s small pleasures.

Consumerism may be at an all-time high in the developed world right now, but the minimalist lifestyle trend is also becoming increasingly popular. In China, hundreds of thousands of people share “money-saving tips” on private social media groups, with some members standing out through their frugal lifestyles. One such individual is Wang Shenai, a 32-year-old woman from Nanjing and member of a 400,000-strong online group called Frugal Women’s Federation. She has achieved celebrity status among her peers for her extreme money-saving techniques, but also sparked controversy among the general public, after a recent interview she gave went viral.

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The minimalist lifestyle trend has been gaining popularity in the Western world for a while now, but we’re still far from the hardcore minimalism Zen-loving Japanese have adopted in their quest to achieve a stress-free life.

Space has always been an issue in crowded Japanese cities, so from that point of view it makes sense that people try to keep their homes junk free, but some are taking minimalism to such an extreme that they are virtually living in empty houses surrounded by only the barest of necessities. For them, minimalism is not just about de-cluttering their living space, but also about evaluating what material possessions truly bring to their lives and focusing on the things that they consider important. To Japan’s hardcore minimalists, less is more in every sense that actually matters.

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Meet Ilona Richards, a retired truck driver who is well known as ‘Britain’s most frugal woman’. Some of her tips for simple living include scouring supermarkets for discounted food, having guests bring their own tea bags, saving ink by making your handwriting smaller, a weekly bath to save water, and flushing the loo only once a day with old bathwater.

Richards prides herself for her frugality in nearly every single aspect of life, managing on only £2,400 of her state pension of £10,000 a year. She detests wastefulness, so she tries to make everything last as long as it possibly can. She can make do with a bottle of dish soap for an entire year, but that’s probably because she hardly does any cooking. She’s a vegetarian, because it’s cheaper, surviving on a vat of vegetable stew made from expired produce. She makes it last an entire month.

There are plenty of other examples of thriftiness all around her kitchen. For starters, she doesn’t use her kettle to make tea. “I usually heat up my cup of water in the microwave,” she said, speaking to Daily Mail. “It takes two cups to cover the kettle element and I only need one, so why waste it?” Her oven has been broken for ages, but she hasn’t had it fixed because she has no use for it.

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Setting the standards for extreme frugality in finances is 30-year-old Sean Cooper. Despite not having a glamorous job, he managed to save enough money to pay off a whopping $225,000 mortgage in only three years!

Cooper purchased a $425,000 house in Toronto, Canada, in 2012 and since then, created a strict pauper-like regime for himself. He started by getting himself two additional jobs to supplement his income as a pension analyst, working a total of 100 hours a week. He wrote financial articles in his free time, and also took a $13-an-hour job at the meat section of a supermarket, even though he’s a vegetarian. “It wasn’t the most glamorous job, but it helped me pay off my mortgage, so I can’t complain,” he said.

“For a lot of people, their mortgage is like a life sentence. I just wanted to not have a mortgage hanging over my head for the next 30 years.”

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