Save money like your Grandma used to.... | The Diary of a Frugal Family (2024)

By Cassandra
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Save money like your Grandma used to.... | The Diary of a Frugal Family (1)

You might have seen in my Five Frugal things post last week that I taught Miss Frugal how to mend a hole in her trousers. This is something I thought would be the first thing they would teach in her sewing lessons at school but no, she can cover a notebook in fabric like a pro but they haven’t got to the part where they learn actual life skills yet!

It seems a bit like basic skills that our grandparents took for granted have been forgotten about. Things like sewing can be looked at as being a bit old fashioned which is a real shame because it can save money and give you a feeling of achievement that you’ve done something yourself.

In fact, there’s a lot we can learn from the older generation….

  • You wouldn’t catch my Nana paying someone to mow her lawn for her or to do all her ironing. Not that I’m against paying someone to help you with these jobs but you must admit that it’s not cheap.
  • Before ready meals and ready made sauces were popular, cooking from scratch was a necessity and my Nana could stretch her meals like you wouldn’t believe. A ham joint would do a gorgeous meal with Yorkshire puds, a lovely soup with dumplings for tea at least another two nights and sandwiches for lunches.
  • My Nana always used to buy local produce from the smaller shops in her town and I don’t think she went in a supermarket in her life. She liked to visit the butchers, the greengrocers and the fishmongers for the freshest food and the best deals. There was no waste as she bought what she needed and nothing else.
  • Make do and Mend is a philosophy that I think lots of us have forgotten. It’s not only a case of sewing up a hole or sewing back on a button but what about if you get a hole in something? I remember my Mam patching the holey knees in my trousers with some cute iron on rainbow patches whereas these days lots of us would just throw them out and replace them.
  • Even if tumble driers had been invented back then (no idea if they were or not) my Nan wouldn’t have had one. She always used to dry her washing on the line if it was possible and I remember visiting her and having to run out to bring it in when the rain started and then we put it back out again after it had cleared.
  • Most things were bought using cash now which I expect made it much easier to budget but also gave more opportunity for bartering and getting better deals. I don’t think my Nana ever had a credit card and she was brought up believing that if she wanted something, she had to save for it.
  • I remember my Nana had an old, old TV that my Dad was always offering to replace but she said no every single time he mentioned it because the one she had did the job. And it did. How often have you replaced something that’s working perfectly well just to upgrade to the next model? I know I have.
  • I love the feeling of community where my Nana used to live with neighbours who had known each other for years popped in and out. The man from down the road would do the odd job for her and in return, she’d cook him a meal. I love the idea of helping people out and getting something back in return like this.
  • Growing your own fruit and vegetables seems to be getting more popular and even the smallest of spaces can be turned into a vegetable patch. We’re not great with growing things but we try. 😉
  • Instead of working your way through all the box sets on Netflix why not find a hobby that will help you in some way. Learn crochet, knitting or sewing and then make something with your new skills – to sell, keep or even give away.

And for more inspiration on how our grandparents used to save money then have a look at the lovely Becky’s video about how her Grandfather used to save money….

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Save money like your Grandma used to.... | The Diary of a Frugal Family (2)

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Save money like your Grandma used to.... | The Diary of a Frugal Family (2024)

FAQs

How did our grandparents save money? ›

They grew food, canned it, and stored it so they would always have something to eat. They saved and reused scraps of fabric and bits of lumber, rather than going out and buying more -- all in preparation for the rainy day they were sure would come.

How can I be frugal and save money? ›

Ten Frugal Habits to Save Money
  1. Track Spending.
  2. Automate Your Savings.
  3. Save Loose Change.
  4. Compare Prices & Comparison Shop.
  5. Avoid Spending Triggers.
  6. Shop Second Hand.
  7. Save Windfall Income & Use a Spending Rule of Thumb.
  8. Institute a Waiting Period.

Which strategy will help you save the most money? ›

The 5 Most Effective Strategies To Save Money For The Future
  • Set Your Goals Early On. Setting a financial goal early on will boost you to stick to your savings plan. ...
  • Understand Your Cash Flows. ...
  • Open a Savings Account. ...
  • Rethink Debit Cards. ...
  • Monitoring Your Spending. ...
  • Revise Your Emergency Fund.

Is it normal for grandparents to leave money to grandchildren? ›

In some cases, however, it makes better sense for grandparents to leave property to their grandchildren—for example, if the grandparents have reason to believe that their own children would not responsibly use the money intended for the benefit of the grandchildren, or if the grandchildren's parents are independently ...

Do grandparents usually leave grandkids money? ›

They might leave some but it would more likely go to the grandchildren parent's first. Grandparents or parents are not obligated to leave money to anyone. Many very wealthy people don't even leave any money to their children.

How do you live extremely frugally? ›

12 Tips for Frugal Living
  1. Choose quality over quantity. ...
  2. Prioritize value over price. ...
  3. Use credit wisely. ...
  4. Declutter regularly. ...
  5. Use a budget to guide your spending. ...
  6. Know the difference between wants and needs. ...
  7. Be a savvy consumer. ...
  8. Prioritize your values.
Oct 17, 2023

How to be frugal but not cheap? ›

How can I be frugal without being cheap?
  1. Focus on the big picture. Don't worry about the little things. ...
  2. Don't be afraid to splurge on things you love. It's okay to spend money on something you really want if it's something you really want. ...
  3. Find ways to save money that are fun.
Aug 22, 2023

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 to save $200,000? ›

Here's a breakdown:
  1. Set a Monthly Saving Target: To hit $200K in 36 months, you need to save about $5,556 each month. ...
  2. Increase Your Income: Look for ways to boost your earnings. ...
  3. Invest Wisely: Investing can be a game changer. ...
  4. Cut Down Expenses: This is key! ...
  5. Stick to a Budget: Track your expenses and stick to a budget.
Jan 22, 2018

How do adults save money? ›

Use The 50/30/20 Rule. One simple money management tip for adults and teens is following the 50/30/20 rule. You should allocate 50% of your income to your needs, 30% to your wants, and 20% to your savings. With this rule, you can secure your savings and fund your essentials while fulfilling your wants.

What are the 3 types of family budget? ›

  • Budget can be of three types:
  • A. Deficit budget:
  • When the expenditure exceeds income, it is known as deficit budget. It is not at all desirable.
  • B. Surplus budget:
  • In this budget, the income is more than the expenditure. The family is able to save more in this budget.
  • C. Balanced budget:
  • This is a good budget.

How much should a family keep in savings? ›

"I recommend a minimum savings balance of three to six months of your monthly living expenses," she says. "Anything over that should be invested."

Where did people save money in the olden days? ›

One of the easiest ways to save in the olden days is to keep money under the bed, inside the mattress, or pillow. It was easily accessible and at the same time saved you the stress of going far to look for a safe place.

How do grandparents give money? ›

You can transfer money into a trust established to benefit a grandchild. You can reduce your taxable estate while earmarking funds for the higher education of a grandchild through the use of a “529 account.” You can use other gift vehicles like IRAs and savings bonds.

How were families able to save money during the Great Depression? ›

To save money, families neglected medical and dental care. Many families sought to cope by planting gardens, canning food, buying used bread, and using cardboard and cotton for shoe soles.

Why our grandparents were healthier? ›

They drank water, milk, or tea daily – anything else was a treat. These days soft drinks, flavoured milk, cordials, fruit juice and artificially sweetened drinks are everywhere, but in your grandparents day those weren't readily available and were quite expensive, so were saved for celebrations only, if ever!

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