10 Old-Fashioned Money Saving Skills That You NEED to Learn (2024)

Are you looking for ways to save money and be more self-sufficient? Check out this list of Old-Fashioned Skills that you should learn today including gardening, bartering and mending.

10 Old-Fashioned Money Saving Skills That You NEED to Learn (1)

This post was originally published in November 2014 and has been updated for you convenience.

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10 Old-Fashioned Money-Saving Skills

A lot of basicskills that were once common knowledge are now deemed old-fashioned or unnecessary,but we shouldn’t be so quick to discard them.

If we took the time to learn how to do more for ourselves instead of paying someone else to do it, then we’d have more moneyand a greatersense of accomplishment that can’t be bought.

Not to mention, the current situation that we are going through has opened a lot of peoples eyes as to how much is out of their control, but by practicing a few of these old-fashioned skills, you will not only save money, but also become a little more self-sufficient in the process.

I personally practice a lot of these skills because I think it’s good to know how to fend for yourself if the need arises. So here are my top 10 Old-Fashioned Money-Saving Skills that I think everyone should learn!

Gardening

You can potentially get hundreds of tomatoes from one $2 packet of seeds, but how many tomatoes will that same $2 get you from the store? Gardening is a great way to save money if you can keep costs down by growing plants from seed and using natural soil amendments. If you are new to gardening or just want some more gardening tips, be sure to check out the links below.

Additional Gardening Resources:

  • Improve Your Garden Soil for FREE Using Kitchen Scraps
  • 10 Easy to Grow Vegetables for Beginner Gardeners
  • 15 Money-Saving Gardening Tips That Will Save You Hundreds

Preserving Food

Knowing how to preserve your own food is an amazing money-saving skill to have especially when you grow it yourself. It also comes in handy when you can find produce in bulk at rock bottom prices. Canning, freezing and dehydrating are the most common food preservation methods. Check out the National Center for Home Food Preservation Website to start learning today!

Food Preservation Recipes:

  • 3-Ingredient Strawberry Freezer Jam
  • How to Freeze Bell Peppers
  • Dehydrated Apple Cinnamon Rings
  • Oven-Roasted Cherry Tomato Sauce

Foraging

Foraging is something that our ancestors knew way more about than we do today. If you don’t know, foraging is when you find food that is growing wild like picking berries in the woods or dandelion greens in your backyard.

I wish I knew more about this lost skill, but sadly my knowledge is limited. The best way to safely learn about identifying nontoxic edibles is to sign up for a local class or take a course on the subject. You could also find books from your local library, but I’d be leery of relying on photos alone as a lot of edible plants also have toxic look a likes. Check out Wild Edibles to learn more.

Bartering

Our culture is so used to spending money that bartering isn’t even on most people’s radar and I think that’s a crying shame. Bartering is when you trade your skills, time or goods for someone else’s. For example, I could crochet someone a hat in exchange for a couple of hours of babysitting or I could trade some of my surplus garden produce for piano lessons.

Think about how much money you would save if you put this into practice more often. Also, there are lots of bartering groups on Facebook which would be a great place to start.

Mending

Since clothing is so cheap and plentiful these days, sewinghandmade garmentsis normally more expensive than buying off the rack, but having basic knowledge of mending and tailoring can save you tons of money. I don’t know how many times I’ve extended the life of my families clothes simply by sewing on buttons or mending seams. Check out Martha Stewart to learn the basics of Mending. Also, I really enjoyed the book Mending Matters by Katrina Rodabaugh.

Cooking from Scratch

It’s amazing how much money we spend on convenience food. I did the math and I spend $50 per month on yogurt and granola bars alone!! That’s insane considering I try to keep my food budget under $100 per week. So just by making those two items from scratch I could save TONS. Just think how much you would save if you started making just one new convenience item at home per month.

Resources For Cooking From Scratch:

  • 40 Groceries You Should Make at Home to Save Hundreds of Dollars
  • 7 Frugal Cooking Tips from the Great Depression
  • 25 Old-Fashioned Recipes Your Grandma Knew By Heart

Hunting/Fishing

While my family doesn’t hunt or fish much, plenty of our friends do and I think it’s a wise skill to have in case you need to provide for yourself one day. Also, store-bought meat is expensive and being able to kill your own is a huge money saver! Of course it isn’t free to hunt, but it’s still a good source of quality meat on a budget. What would our ancestors have done without dear, wild turkey or fish to keep them going?

Keeping Chickens

Disclaimer: This was originally written in 2014 when egg prices were higher.

Keeping a few chickens may not save you much money, but in most cases the cost of feed versus the cost of eggs/meat evens out. You can keep costs down by letting them free range, feeding them kitchen scraps and selling your extra eggs to family and friends. You could also collect scraps from friends or local restaurants to feed to your hens, but make sure they are getting mostly whole foods such as vegetables, grains, etc.

Remember, your backyard chickens will produce higher quality eggs with a denser nutrition profile, which can cost upwards of $5 or more per dozen at the store, so it’s not fair to compare the cost of the absolute cheapest eggs that you can find to the price of keeping chickens.

Paying Cash

Paying cash definitely seems like an old-fashioned skill these days, but it’s a great one to keep alive! Did you know that people tend to spend more when they use a card verses paying cash? Also, you can normally talk someone down on price when you have cash in hand. For more budgeting tips, check out The Total Money Makeover by Dave Ramsey.

Going Without

Did your TV break? Go buy a shiny new one and put it on the card! Did the car break down? Trade it in for a new one and pay for it later!It seems like our culture tells us we deserve everything instantly, but by doing so we’re missing out on valuable life lessons such as patience, resourcefulness, hard work and gratitude.

Not to mention that delaying gratification allows you to avoid paying interest and save even more money. The next time you want to buy something, ask yourself if you can find it cheaper, make it yourself or go without or better yet try living by the motto made famous by the great depression: Use it up, wear it out, make it do or do without!

Which of these skills do you practice to save money? Do you have anymore to add? I’d love to know!

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Want more old-fashioned inspiration? Here are a few of my favorite articles:

  • 8 Lessons Learned from the Great Depression
  • How to Build and Old-Fashioned Frugal Pantry
  • 30 Old Fashioned Frugal Tips from Grandma
  • 6 Powerful Life Lessons from my Thrifty Grandma
10 Old-Fashioned Money Saving Skills That You NEED to Learn (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

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.

What is the skill to saving money? ›

The best way to save money is to establish and stick to a written budget! Giving - Giving money can be the most rewarding of the three money skills. It also requires that you have been successful at saving first.

How to save money as a kid? ›

Children can learn the importance of living within their means, which is one of the basic tenets of saving.
  1. Discuss Wants vs. Needs. ...
  2. Let Them Earn Their Own Money. ...
  3. Set Savings Goals. ...
  4. Provide a Place to Save. ...
  5. Have Them Track Spending. ...
  6. Offer Savings Incentives. ...
  7. Leave Room for Mistakes. ...
  8. Act as Their Creditor.

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 $1,000 in a year? ›

Arrange to have a portion of your paycheck directed into a savings account. This will eliminate temptation and the opportunity to spend that money. This should be in addition to the money you're automatically saving for retirement. Just setting aside $84 a month will net you $1,000 in a year's time.

What is the 3 month rule? ›

The three month dating rule is a trial period that allows couples to shift from the honeymoon phase of dating to an integrated love phase. "What I mean by that is usually a few months into dating, we start to see some of the quirks, or maybe we start to notice things that we find annoying or irritating," Pharaon says.

What are the 90 days rule? ›

What is the 90-day rule? The 90-day rule refers to a presumption that a nonimmigrant visa holder made a willful misrepresentation at admission or application for a nonimmigrant visa when that nonimmigrant enters the U.S. and within 90 days engages in conduct that is not allowed with their nonimmigrant status.

What is the 1 month rule? ›

The purpose of The One Month Rule

If you spend a month thinking about a certain purchase and have discussed it with family/friends that you trust for financial advice (and you still think it is a worthy purchase), you are much less likely to regret your purchase. It helps you make sure the purchase is really worth it.

What are the 7 skills on how do you manage your money? ›

These seven practical money management tips are here to help you take control of your finances.
  • Make a budget. ...
  • Track your spending. ...
  • Save for retirement. ...
  • Save for emergencies. ...
  • Plan to pay off debt. ...
  • Establish good credit habits. ...
  • Monitor your credit.

What is the 10 rule for saving money? ›

The 10% rule of investing states that you must save 10% of your income in order to maintain a comfortable lifestyle during retirement. This strategy, of course, isn't meant for everyone as it doesn't account for age, needs, lifestyle, and location.

What is the golden rule of saving money? ›

According to Priti Rathi Gupta, Founder of LXME, as a salaried woman, you can follow the 50:30:20 Rule, which is the golden rule of budgeting. It is a great idea to start with which allocates 50% of your income to needs, 30% to wants, and 20% to savings and investments.

How can I make $500 as a kid? ›

To make $500 as a kid, consider these options:
  1. Offer neighborhood services like dog walking or lawn mowing.
  2. Sell handmade crafts or baked goods online or at local events.
  3. Tutor peers in subjects you excel in or teach basic tech skills.
  4. Organize a garage sale to sell unused items.

How can I save $100 K 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 can a 12 year old save money? ›

Reflections
  1. Start with a Piggy Bank. A piggy bank can be a great way to teach your kids the importance of saving, while giving them an easy way to do it. ...
  2. Open Up a Bank Account. ...
  3. Use Savings Jars. ...
  4. Create a Timeline. ...
  5. Lead By Example. ...
  6. Start a Conversation.

How to save $10,000 in a year? ›

To reach $10,000 in one year, you'll need to save $833.33 each month. To break it down even further, you'll need to save $192.31 each week or $27.40 every day. These smaller chunks are much more realistic and simple to comprehend, making it easier to track your progress.

How can I save money and live poor? ›

How To Save Money Fast On a Low Income: Making Ends Meet
  1. Create a Budget. ...
  2. Open a Savings Account. ...
  3. Save Money on Bills and Utilities. ...
  4. Cancel Unwanted Monthly Subscriptions. ...
  5. Pay Off Outstanding Debts. ...
  6. Always Look For Deals. ...
  7. Change Your Financial Institution. ...
  8. Get A Side Job.
Jan 26, 2024

How can I save money without wasting? ›

Learn the power of “no” (or “not now”).
  1. Make a budget. A budget is just a plan for your money. ...
  2. Say goodbye to debt. ...
  3. Set a savings goal. ...
  4. Save money automatically. ...
  5. Buy generic. ...
  6. Meal plan. ...
  7. Cancel some subscriptions and memberships. ...
  8. Adjust your tax withholdings.
Apr 5, 2024

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