8 Depression Era Money Saving Tips (2024)

You can start using these Great Depression Era money-saving tips today!

8 Depression Era Money Saving Tips (1)

When most people think of the height of frugal living, the depression era is often the #1 time they think about. It was a time when most people didn’t waste anything, used their creativity and ingenuity to solve problems and managed to make it through, even when times were extremely tough and budgets simply did not exist because there was nothing to spend.

When I think of the depression era, I am reminded of how much we waste now and how they managed to use everything without even a complaint. It just was the way things were and everyone contributed to the household. If you would like to employ some good, old-fashioned money-saving tips that they used in the depression era to save your household some money, here are 10 forgotten Depression Era money-saving tips to start using now.

8 Depression Era Money Saving Tips

Learn the art of haggling.

People in the depression era didn’t just take the first quoted price for something. They knew how to trade, haggle, and make deals. We may not haggle these days outside of the car lot, but that doesn’t mean we can’t save money on the things we want. I keep notes of the items I need and then watch for sales on them. But it never hurts to ask when a store’s next sale will be.

Trading is starting to come back. More stores are offering to give you credit on used electronics when you are upgrading. Some stores buy back CDs, Vinyl Records, Books, or DVDs. Others buy back gaming equipment or phones. When you need a new item, see if you can, at least partially, fund it with something you no longer use.

While most of us are not comfortable haggling, you can use the internet to find the best price on an item. If you can offer proof of that price, some stores have a price matching guarantee.

Don’t shop for fun.

Recreational shopping wasn’t really an option for most people during the Great Depression. It is amazing how much money we waste when we shop because we are bored. Make it a habit to not do so. Bored? Pick up a deck of cards, work on a puzzle, call a friend, read a book, work in the garden, or choose another no-cost hobby to entertain yourself.

8 Depression Era Money Saving Tips (2)

Buy used.

Many families bought things that their neighbors no longer needed in order to save money. This should be a priority for you if you are looking to save money especially when it comes to things like kids’ clothing, seasonal items, and even household basics. Check out your local thrift stores, Craigslist, eBay, or even Facebook Marketplace.

Shop locally.

You may be surprised by how cheap things are when you buy from local stores. Many people shop at big box stores because we have been trained as consumers to think they are cheaper. The truth is, they are often not cheaper and you can get great deals from local markets. This is usually true of farmers’ markets because you are shopping in-season as well.

Even if the price is higher, you may save money because you do not have to pay shipping costs. Have you ever had your online cart at $23 when the business reminds you that if you spend $35, you will get free shipping, so you buy a $13 item that you don’t really need to save $4.99 on shipping? Yeah, they trick you into spending more because you hate paying shipping costs.

Reduce the use of household products.

Most of us use too much dish soap, shampoo, and lotion as well as many other products. Reduce the amount you use and you may be surprised that it’s enough. This will save you from having to replenish personal care products, beauty products, and cleaning supplies as often.
If you read the back of the bottles, they will often say, “Use a pea-size amount”. Try just following the guidelines on the back of the bottle. Carefully look at the lines on the laundry soap measuring cup. Most of the time, you only need the amount at the lowest line, but we are in the habit of filling the whole cup using 3 – 4 times as much as we need.

My kids always use too much soap when watching their hands, so I fill the soap dispenser halfway with soap, then fill it the rest of the way with water. I put the lid on and then shake to mix the water into the soap.

Stretch your meat or skip it in meals.

Often, families did not have the money to have meat with most meals during the great depression. They stretched what meat they did have with beans and lentils. If you don’t feel you can go meat-free, try ubstituting beans or lentils for half the ground meat in your recipes. You will save money and consume much-needed fiber.

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Don’t buy disposable things.

Disposable products simply didn’t exist during the Great Depression. Now, we live in a disposable era. But it is easy and much more frugal to trade paper towels for rags and sandwich baggies for reusable containers. Look at the disposable products you are buying and find a reusable resource in your home.

Try some holistic health.

In our grandparent’s time, it was expensive to see a doctor just like it is now, and it wasn’t unheard of to try weird concoctions for healing various ailments. Don’t use any of the disproved methods of former days! However, it may be smart to try things like essential oils for minor ailments before reaching for that medication or going to your doctor’s office for minor things like congestion from a cold.

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8 Depression Era Money Saving Tips (2024)

FAQs

8 Depression Era Money Saving Tips? ›

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.

How did people save money during the 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.

How was money during the Great Depression? ›

From the fall of 1930 through the winter of 1933, the money supply fell by nearly 30 percent. The declining supply of funds reduced average prices by an equivalent amount.

What were the solutions to the Great Depression? ›

President Franklin D. Roosevelt's "New Deal" aimed at promoting economic recovery and putting Americans back to work through Federal activism. New Federal agencies attempted to control agricultural production, stabilize wages and prices, and create a vast public works program for the unemployed.

How did people survive in the Great Depression? ›

Farm Families and the Great Depression

Farm families were often better suited to weather hard times than town residents. Farmers could grow their own food in large gardens and raise livestock to provide meat. Chickens supplied both meat and eggs, while dairy cows produced milk and cream.

What to buy before a depression? ›

Stockpiling food items, first aid supplies, and other survival equipment is a fantastic place to start preparing for a potential economic depression, given likely grocery store shortages.

How do people used to save money? ›

Saving jars were in form of buckets with lids, clay pots, piggy banks, etc. People saved up money in saving jars around their homes. They saved money in saving jars over some time and then break them to access the money when it is needed.

What thrived during the Great Depression? ›

U S Steel and Minnesota Mining and Manufacturing (3M) thrived during a lot of the depression as automobiles and trains and ships still were built world wide and exploration continued unabated all over the world.

What was the safest investment during the Great Depression? ›

Many people who owned stocks that went down a lot would have been OK eventually, except they bought on margin and were ruined. The best performing investments during the Depression were government bonds (many corporations stopped paying interest on their bonds) and annuities.

Was anyone still rich during the Great Depression? ›

Not everyone, however, lost money during the worst economic downturn in American history. Business titans such as William Boeing and Walter Chrysler actually grew their fortunes during the Great Depression.

Who tried to fix the Great Depression? ›

In his acceptance speech, Roosevelt addressed the problems of the depression by telling the American people that, "I pledge you, I pledge myself, to a new deal for the American people." In the election that took place in the fall of 1932, Roosevelt won by a landslide.

What got us out of the Great Depression? ›

Despite all the President's efforts and the courage of the American people, the Depression hung on until 1941, when America's involvement in the Second World War resulted in the drafting of young men into military service, and the creation of millions of jobs in defense and war industries.

How to end a Great Depression? ›

Roosevelt's “New Deal” helped bring about the end of the Great Depression. The series of social and government spending programs did get millions of Americans back to work on hundreds of public projects across the country.

Were kids sold in the Great Depression? ›

Many people bought and sold these children, not as family, but to work almost like slaves with horrible living conditions and treatment.

What did kids do during the Great Depression? ›

City children were often left alone while their parents were working. Children living in cities also worked in factories, sold newspapers, or shined shoes to help their families earn money.

What was daily life like in the Great Depression? ›

It was very hard then, during the Depression. There was no food, and there were people walking around, asking each other, did they have food, or could it be shared. People had no money to buy seeds or plants or anything like that to plant. WILLIAM HAGUE: I can remember like tail lights shining and the wet street.

What happened to everyone's money during the Great Depression? ›

Simply put, the stock market crash of 1929 caused the Great Depression because everyone lost money. Investors and businesses both put significant amounts of money into the market, and when it crashed, tremendous amounts of money were lost. Businesses closed and people lost their savings.

What saved the economy during the Great Depression? ›

Through employment and price stabilization and by making the government an active partner with the American people, the New Deal jump-started the economy towards recovery.

What was emergency money during the Great Depression? ›

In March 1933, President Roosevelt ordered a four-day bank holiday to prevent further withdrawals. To compensate for the currency shortage, communities created emergency money, or scrip. This clamshell was signed as it changed hands and redeemed when cash became available again.

What did people do to help get by during the Depression? ›

Many families strived for self-sufficiency by keeping small kitchen gardens with vegetables and herbs. Some towns and cities allowed for the conversion of vacant lots into community “thrift gardens” where residents could grow food.

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