South Korea’s Thriftiest Woman Saves $75,000 in Two Years by Being Extremely Frugal

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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Thrifty Woman Spends Just $7 per Month on Food, Saves Up $80,000 in 4 Years

A 24-year-old woman became the talk of South Korean social media this month after it was revealed that she managed to save up 100 million won ($79,400) in 4 years by being extremely thrifty.

Ji-hyeon Kwak started working when she was 19-year-old and quickly realized that she needed to save money if she was ever going to get her own place to live. Despite earning an average of 2 million won per month (after tax), the young woman managed to put enough aside every month to save over 100 million won in the last four years. That was enough for her to win an apartment subscription, which means she will soon get her own place to live. But, as you can imagine, saving that much money on such a small salary wasn’t easy. She had to take her thriftiness to an extreme level, which included spending just 8,400 won ($6.7) on food per month.

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