Living through the Great Depression instilled in our elders a need to live frugally and make less into a lot more. While we may live in more prosperous times, old fashioned money saving tips from our grandparent’s and parent’s era can help us live more simply and save money in the process.
So, whether you’re just trying to save money on everyday living expenses or you’re looking to add more money to your savings account, there are sure to be some tips to help you here.
Make and grow your own food
While we’re surrounded by convenience items these days, it can work out a lot cheaper to make simpler food from basic ingredients. Adding a vegetable patch or even a small herb garden can also help you save a lot on your weekly grocery shop. Take it a step further and swap your produce with other gardening friends to increase your fresh food variety. You could also have a go at making your own cleaning products.
Buy second hand
It can seem like items like clothing are cheaper than ever before, but cheap new clothing is just not designed to last. Charity and thrift stores offer a way to buy clothing and other household goods cheaper. All the while supporting a good cause. Local Facebook groups are also a good way to source a particular item you’re looking for. These groups are also a great way to get rid of your old unwanted household goods as well.
Waste not, want not
Instead of throwing out items, is there a way they can be reused around the house? Look at ways you can repurpose, or recycle plastic containers, bags and cardboard packaging to save yourself from buying these items. You could also look to use worn out clothes as dust rags. Glass jars can be repurposed as storage or vases for cut flowers.
Repair damaged items
Items such as appliances, clothing and furniture are now available to buy cheaply. However, there can be a greater cost to the environment when we discard and replace our items so readily. Instead of instantly throwing out items that have broken, have a look at the cost of repairing the item. With items like clothes, try to repair hems and small tears yourself where you can. Not only will you prolong the lifespan of your favourite items, but you’ll save yourself money.
We may be moving to an almost cash-free society, but there is something to be said for withdrawing only the cash you have budgeted for the week and stick to that. Swiping your card for all your purchases means you can lose track of what you’ve actually spent. It may also mean you could be charged extra bank fees.
Many of our elders survived without the use of credit cards. This meant you had to save up for something you really wanted. This can help you prioritise your spending and avoid impulse spending.