It is no secret that our grandparents and great grandparents were frugal with their funds. Being cautious with money was the best way to make it last and make sure you always had some set aside for a rainy day. Many of the strategies that our grandparents used still work today, so why not given them a try too? Take a look below at these 8 old fashioned money saving tips that still work today and are well worth trying out!
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These are pretty much tried and true things that will work for everyone!
Old Fashioned Money Saving Tips That Work Today
1. Practice patience.
Buy something only when you can afford it. Be patient when it comes to saving money. Use sinking funds to help you achieve your financial goals. Yes this can be frustrating, but in the end your efforts are very well worth it!
2. Learn To Do Something That Will Save You Money
There are lots of practical skills that would qualify as a “hobby” these days. These are things our Grandparents did not so much as a hobby but as part of every day life that helped saved them money or made things last longer. Learn how to plant a garden, bake your own bread and snacks, make your own homemade grooming products, knit, crochet, sew, preserve food etc.
3. Set aside a percentage of your paycheck.
A penny saved is a penny earned! Before you even touch your paycheck, set aside a % of it into savings. No matter where you stand financially, make it a habit to remove this money each week and start building a fund up for yourself.
4. Get rid of credit cards.
Getting rid of credit cards can help you live within your means, avoid late charges and interest, and help you avoid the credit card trap that many folks get into.
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5. Cook from scratch/Dine out only for special occasions.
Avoid dining out or buying too many convenience foods. These always come at a price. Instead, start cooking from scratch again. You will find that by cooking from scratch you can save hundreds of dollars a month on your food bills. Eating out used to be just for special occasions! Limit your eating out and save money. Make it a special treat that you look forward to once again.
6. Enjoy free activities.
Enjoy neighborhood walks, hikes, bike rides, and other free activities with your family. These activities won’t cost you a dime and are a great way to enjoy time together for less. So unplug, grab a bike, and enjoy a ride together.
7. Don’t pay for what you can do yourself.
Avoid paying for services you can do yourself. Washing the car, cleaning the house, cooking, and small home repair can all be done by you. Set aside the time to get these tasks done and avoid paying someone to do them for you.
8. Save Your Change
Chances are your Grandparents emptied their pockets of loose change at the end of the day. Do the same – get a nice big jar and dump all your change in it at the end of the night. You’ll be surprised by how much you’ll have at the end of the year!
Give these old fashioned methods for saving a buck a try and see what they can do for you!
What are some old-fashioned ways you save money?
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