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 to save money 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 save money without touching it? ›

Automate transfers

By setting up automatic transfers from your checking account to your savings account each month, the money will accumulate over time without any additional work on your part.

What is the modern way of saving money? ›

Make a budget and make saving a necessary expense. Try out different budgeting methods until you find one you can stick to. Cut down on spending. Use budgeting apps to find out where you're money is going and look for places where you can cut back.

How to save a lot of money fast? ›

8 ways to save money quickly
  1. Change bank accounts. ...
  2. Be strategic with your eating habits. ...
  3. Change up your insurance. ...
  4. Ask for a raise—or start job hunting. ...
  5. Consider a side hustle. ...
  6. Take advantage of a credit card that offers rewards. ...
  7. Switch up your transportation habits. ...
  8. Cancel subscriptions you don't really need or use.

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.

How to save $1,000 easily? ›

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

How to save $10,000 easily? ›

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

How to save money as a 12 year old? ›

  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 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 golden rule of saving money? ›

One of the most widely used and simple to comprehend budgeting strategies is the 50-30-20 rule. The rule says that a person should divide his/her take-home salary into three categories: needs (50%) wants (30%) and savings (20%).

What is the 20 savings rule? ›

Key Takeaways. The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

How to save aggressively? ›

Immediately save your additional income so you don't spend it all. Another way that is more instant and makes it easier for you to save aggressively is when you get additional income, for example holiday allowances (THR) and bonuses from the company. Before you spend it, immediately save most of the additional income.

How to save up $100,000 fast? ›

Five tips to help you save $100,000 faster
  1. Live below your means and cut frivolous spending. ...
  2. Be hyper-aware of every monthly expense and ruthlessly cut back to save faster. ...
  3. Pay down high-interest debts like credit cards first. ...
  4. Find the financial institution that will get you the highest interest rate.
Mar 27, 2024

How to save $5,000 ASAP? ›

Ways To Save $5,000 in a Year
  1. “Chunk” Your Savings. The first step to saving $5,000 in a year is to break down your savings goal into manageable portions. ...
  2. Automate Your Savings. ...
  3. Save in a High-Yield Saving Account. ...
  4. Track Your Cash Flow. ...
  5. Boost Your Earnings. ...
  6. Declutter for Cash. ...
  7. Evaluate Your Subscriptions. ...
  8. Challenge Yourself.
Feb 5, 2024

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 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

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 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

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