10 Old Fashioned Money Saving Tips from Grandma (2024)

Old Fashioned Money Saving Tips

I’ve always been interested in what most people would call “old fashioned homemaking”. Our Grandparents and Great Grandparents lived through some tough times and have so much that they can teach us about thriftiness and making do, being content with what you have and many other lessons! I know I learned so many useful things from my Oma (German Grandmother). Have you ever wondered how people saved money back in times when money was super tight for everyone (like the Great Depression)? There are actually a number of ways that people in the past saved money, and they’re definitely still applicable today! Take a look at these 10 Old Fashioned Money Saving Tips from Grandma! There’s way more than just these 10 old school money saving tips but I consider these the main and most important frugal living tips.

10 Old Fashioned Money Saving Tips from Grandma (1)

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All of these old time money saving tips would be even more powerful if combined with a good budget! And unlike your grandma, we’re lucky enough to live in a time where budgeting is easier than ever before! You can use our free printable simple budget worksheet to make your first budget, or use abudgeting tool to make your current budget even more effective!

10 Old Fashioned Money Saving Tips from Grandma

1. Make Your Own

Only in recent times has it become so simple to buy every single thing in a store. Up to a hundred or so years ago, people had to make a lot of things by hand, and even if they could buy some things in the store, many choose to make their own versions to save money (and it’s healthier as you have no additives or preservatives). If you want to save money, you should try this frugal tips. Start out slow and simple so it’s not overwhelming. Make your own cleaning supplies, your own DIY beauty products, your own gifts! You’ll learn important skills, save money, and it’s fun and something the family can help with! I have tons of posts on how to make things from scratch. Here’s my copycat Bisquick recipe to get you started.

2. Grow Your Own

In your grandma’s time, it would have been considered strange to consistently have to buy packaged “fresh” herbs at the grocery store to use in recipes. Instead, people kept herb gardens, or just small pots of herbs on their kitchen windowsills. And whether they were growing food in a victory garden, or just growing food for the fun of gardening, most people had a good amount of fruits and veggies growing in their backyard, or on their windowsills. In this era of genetically modified and less-than-natural food, growing your own food is even more important. And since it can also save you money, it’s a win-win!

3. Preserve

If you’re something of a wasteful person when it comes to food, your grandma likely would be pretty shocked to see you throw away scraps of food or let other food expire. Back in the day, people were very careful about using everything up. And if they couldn’t use up all of an ingredient right away, they’d dry it or can it. Nowadays you can do the same, or you could just put things in your freezer (much easier, but just as effective) or use a dehydrator! Here’s a free printable meal planner to help you plan your meals to try to reduce food waste. And here is how to can food, and how to properly freeze food to prevent freezer burn.

4. CutYour Own

If there’s any of these old fashioned money saving tips that you should follow, it’s this one- cut your own food. Have you ever noticed how a whole watermelon is a more cost-effective purchase than a cut quarter of a watermelon? How a whole chicken is a better value than chicken parts? The minute a grocery store worker cuts food with a knife, the cost of that food goes up because that person has to be paid for their time. Pre-cut food is more convenient, but that convenience will cost you! So save money, and cut your own produce and meat when possible!

5. Use Cash

Some ofthe best old fashioned money saving tips may be the most difficult to accept. But trust me, using cash more than credit will greatly change your finances for the better! Credit cards didn’t come into existence until the 1950s, so you can bet your grandma’s family wasn’t using them in their day-to-day purchases. And while buying on credit in one form or another has pretty much always existed, people weren’t as keen on the idea until the easy to use credit card started becoming popular. Instead, people mainly paid with cash. If they didn’t have the money for something, they just didn’t get it. If you want to be frugal and save money, you should do the same! A great way to do this is with the envelope system!

6.Repair or Upcycle

Just as you shouldn’t let food bits go to waste, also don’t waste scraps of cloth, or throw away damaged furniture. Years ago, people did all that they could to make things last as long as possible. Now while you don’t need to be patching holes in your shoes, you should try your best to find new uses for old things, or repair damaged furniture. You’d be surprised just how much some hot glue or wood glue can fix. And you can turn all sorts of things (even old tin cans!) into something new and useful! Be creative, Use it up, make it do, or do without and you’ll save money!

7. Used vs. New

If you’re considering usingold fashioned money saving tips, one of the easier ones to embrace is the idea of buying used things more often than new. Years ago, people didn’t look down so much on used goods. Any car, used or new, was good enough for most people as long as it ran! And clothes were clothes, whether they were brand new off the rack or handed down from a sibling. So have the frugal mindset of the people from the “olden times” and start buying more used things than new!

8. Do Your Own Work

Convenience is great. It’s part of what defines this era. It’s also part of what defines most people’s debt problems. Convenience saves time, but costs money. So if money is tight or you need to save up, you need to do more of your own work and pay less for other people to do it for you. This means skip getting your furniture delivered and bring it home in your own car, or rent a truck to haul it yourself (if it makes financial sense). Cut your own lawn, clean your own gutters. Rent your own power washer to clean your driveway yourself. If you can, paint your own home. You’ll spend time doing the work, sure, but you’ll save money and get the pride of knowing that the great job you’re admiring was accomplished by you!

9. Don’t Go Disposable

We all throw away way too much these days. Back in the times of the Great Depression, people wouldn’t dare buy rolls of paper towels that they had to replenish weekly. And they definitely wouldn’t use paper plates when they barely had the money to put food on the table! Instead, they’d use reusablethings.If you want to save money, buy or make your own reusable items. You’ll save a lot of money in the long run, and it’ll also be better for the environment!

10. Research Purchases

People in the early 1900s and earlier would probably be shocked to see how impulsively many of us shop these days. Back then people knew the value of money, and as a result wouldn’t part with a penny without being sure of the validity of a purchase. They’d compare prices, research different models, try things on, etc. And for most families, if something was more of a want than a need, they wouldn’t even consider it. If you adopt similar approaches to spending money and making purchases you can save a lot!

These Depression Era frugal tips worked then and I’m sure they will work for you too!

Do you already use any of these old fashioned money saving tips?

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10 Old Fashioned Money Saving Tips from Grandma (2024)

FAQs

How can I save money in the old fashioned way? ›

5 old-fashioned tips for saving money that work
  1. Always keep track of your expenses. ...
  2. The envelope budgeting method. ...
  3. Instead of replacing items, do your best to fix them first. ...
  4. Take care of what you have. ...
  5. Be patient and really think through your purchases.
Dec 29, 2023

How to dramatically save money? ›

8 simple ways to save money
  1. Record your expenses. The first step to start saving money is figuring out how much you spend. ...
  2. Include saving in your budget. ...
  3. Find ways to cut spending. ...
  4. Determine your financial priorities. ...
  5. Pick the right tools. ...
  6. Make saving automatic.
  7. Watch your savings grow.

How to start saving money for dummies? ›

The 50/30/20 rule is a good starting point for many new savers:
  1. Allocate 50% of your income to essential expenses. Rent/mortgage, groceries, debt payments, car payments, utilities, etc.
  2. Allocate 30% of your income for stuff you want to purchase. Clothing, entertainment, travel, etc.
  3. Allocate 20% of your income for saving.
Apr 3, 2024

What is the 50 30 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

How can a 50 year old save money? ›

How to save for retirement when you're in your 50s
  1. Set realistic goals.
  2. Tackle debt.
  3. Take advantage of catch-up contributions.
  4. Create a health savings account.
  5. Make the most of Social Security.
  6. Generate income beyond investing.
  7. Don't abandon stocks in your portfolio.
Jan 10, 2024

How to save $10,000 in 5 years? ›

5 simple ways to save $10,000
  1. Reevaluate your utility providers. Once you pick your electricity, phone or internet provider, it's easy to become complacent and not look for better options down the line. ...
  2. Cut back on eating out and takeaway. ...
  3. Reduce your entertainment costs. ...
  4. Set up automatic saving payments. ...
  5. Buy second hand.
Sep 23, 2022

How to invest $1000 for a child? ›

How to invest $1,000 for a child? To invest $1,000 for a child's future, consider opening a brokerage account or a custodial account, or look into a 529 college savings plan with gifting options.

What should a 12 year old save for? ›

Older children and young teenagers are more likely to want to save up for clothes, online games, apps, books, magazines, and outings with friends. They may also save money for bigger items like a new bike or games console.

How can I save $100000 fast? ›

7 tips for getting your first $100,000
  1. Figure out how much money you can safely save each month. ...
  2. Automate your savings. ...
  3. Maximize your employer-sponsored savings and investment accounts. ...
  4. Save your tax refunds and work bonuses. ...
  5. Pay off existing debt. ...
  6. Seek a raise or some other way to increase your income.

How to save $5000 in 100 days? ›

It works like this: Gather 100 envelopes and number them from 1 to 100. Each day, fill up one envelope with the amount of cash corresponding to the number on the envelope. You can fill up the envelopes in order or pick them at random. After you've filled up all the envelopes, you'll have a total savings of $5,050.

How to save $1,000 ASAP? ›

Dave Ramsey's 9 Ways To Save Your First $1,000 Fast
  1. Cancel Subscriptions. ...
  2. Bring Your Own Lunch. ...
  3. Avoid Coffee Out. ...
  4. Re-Sell Old Items. ...
  5. Shop at Cheaper Grocery Stores With Rewards Programs. ...
  6. Buy Generic. ...
  7. Join a Carpool. ...
  8. Pick Up a Side Hustle.
Dec 28, 2023

What is the 7 rule for savings? ›

The seven percent savings rule provides a simple yet powerful guideline—save seven percent of your gross income before any taxes or other deductions come out of your paycheck. Saving at this level can help you make continuous progress towards your financial goals through the inevitable ups and downs of life.

What is the 30 30 30 rule for savings? ›

One of the most popular rules, the 30:30:30:10 rule, can be applied both in terms of income planning, as well as pension planning. The income planning version says that you put 30% of your income towards day-to-day expenses, 30% towards investments, 30% for retirement savings and 10% for emergency expenses.

How to handle money for dummies? ›

Make sure that your limited dollars go toward paying your most important debts and expenses first.
  1. Avoid spending more than you make.
  2. Pay off your debts as quickly as you can.
  3. Build up your savings.
  4. Achieve your financial goals.
May 13, 2022

How do you live an old money lifestyle? ›

  1. Discovering Your Personal Old Money Aesthetic.
  2. Familiarise Yourself with Old Money Brands.
  3. Thrifting for Old Money Treasures.
  4. Cultural Appreciation and Intellectual Pursuits.
  5. Social Graces and Networking.
  6. Philanthropy and Community Involvement.
  7. Discretion and Privacy.
Mar 9, 2023

How to save $1,000 cash? ›

Dave Ramsey's 9 Ways To Save Your First $1,000 Fast
  1. Cancel Subscriptions. ...
  2. Bring Your Own Lunch. ...
  3. Avoid Coffee Out. ...
  4. Re-Sell Old Items. ...
  5. Shop at Cheaper Grocery Stores With Rewards Programs. ...
  6. Buy Generic. ...
  7. Join a Carpool. ...
  8. Pick Up a Side Hustle.
Dec 28, 2023

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

How to save $10,000 in a year? ›

6 steps to save $10,000 in a year
  1. Evaluate income and expenses. To make room for saving, you'll need a meticulous budget that outlines all your sources of income and all your expenditures. ...
  2. Make an actionable savings plan. ...
  3. Cut unnecessary expenses. ...
  4. Increase your income. ...
  5. Avoid new debt. ...
  6. Invest wisely.
Apr 2, 2024

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