You don't have to follow other people's advice to save money (2024)

By Hannah @ Eat, Drink and Save Money

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Stop following other people’s advice to save money! Do what works for you!

You don't have to follow other people's advice to save money (1)

I spend way too much time on Pinterest.It’s a huge time suck for me.

Instead of my Pinterest feed being full of DIY and recipes, mine is usually full of money saving tips. Pinterest knows what I like. I’m a sucker for a good money saving tip!

Just last night I was looking through my Pinterest feed and I saw a picture from a blog post about saving

money on groceries. I knew I needed to read it because I’m struggling to get our grocery bill below $150. I hope the new Aldi will be the solution to my problem. I’m slowly cutting out convenience foods such as precut veggies and baby food, but my grocery bill is still larger than I’d like it to be.

I was getting pumped about saving money on groceries until I read the way the author kept her groceries under $100 a week. Hereare her suggestions:

  • grew yourown veggies
  • buy meat in bulk, such as buying half a cow or pig
  • baked yourown bread
  • buy staples in ultra bulk, such as 100 pounds of flour at a time

I couldn’t help but be annoyed as I finished reading.I was annoyed because these are great tips, but ones I don’t currently want to follow.

Here’s the deal: I do want to be the type of person who grows veggies and bakes bread. I really do. But right now I have two kids under the age of three. Most of my days are spent holding another human being. If I’m not holding one of them, I’m feeding one or dealing with poop. So. Much. Poop. There is no way I’d have the patience to garden, bake and take care of kiddos. No way.

Side note: I am actually going to plant an herb garden this afternoon. Maybe I will get into this gardening thing after all.

I may not be the best at budgeting my groceries, butwe still save money. That’s when it hit me. I don’t have to follow all the advice for saving money. I only have to do what works for me.

There is no fail proof formula for saving money other than actually following through. Different things work for different people. That’s life, right?

[bctt tweet=”Different things work for different people”]

In order to really save money and become financially fit, we have to find our own motivation and work from there.After we find our motivation, we need to figure out how to make it work. This islike trying to lose weight: you can either eat less or exercise more. When it comes to saving money, you can either spend less or make more.

[bctt tweet=”When it comes to saving money, you can either spend less or make more”]

As much as I’d like to shave some pennies off my grocery budget, I think my time is better spent making money. I don’t think I’ll ever be a professional blogger, but the money I’m making from this side job is fulfilling and makes me feel a little less guilty about going over budget on groceries.

Here’s the takeaway: don’t follow someone else’s plan for saving money. Make your own plan. Do your research tosee what other people are doing, but when it comes to making your own plan, do what makes you happy. Don’t cut out cable if you love it. Don’t coupon if you hate it. Find what works for you. Love to cook? Stop eating out. Love to garden? Consider planting some edibles.

There are a million different ways to become financially fit. The first step is to find your motivation and make an official goal.

Have you set your goal yet?

Like this post? You’ll love my steps for thinking like a saver.

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Comments

  1. You don't have to follow other people's advice to save money (5)Jacky @ Joyful Savings says

    Great advice…. We all have different standards of how much is reasonable saving, or spending, but one thing is for sure, saving is a vital part of a healthy living! And sometimes, big savings come from doing small and simple things around the house that can save big money!

    JoyfulSavings recently posted this saving-tip article:

    Reply

  2. You don't have to follow other people's advice to save money (6)Katie says

    I love your insights! The idea of doing what works for you and your family could apply to so many different things – saving money, going green, organizing, parenting, and more. Smart advice!

    Reply

  3. You don't have to follow other people's advice to save money (7)Erin @ Stay At Home Yogi says

    I love this post, it is so true! There are so many great tips out there that just don’t apply to me, my family, and our current life. We can’t go down to one car for example. Make your own plan is great advice!

    Reply

    • You don't have to follow other people's advice to save money (8)Hannah @ Eat, Drink and Save Money says

      Thanks! I tried to convince my hubby to do one car and he said no. I’m so glad he did! I think I would go crazy at home with two kids and no car.

      Reply

  4. You don't have to follow other people's advice to save money (9)Wee Green Folk says

    So true! There’s loads of great ideas out there but they’re so impractical. I can barely get the fish fingers in the oven let alone go and harvest the food from the garden….maybe some day! Let me know how the herbs work out:-)

    Reply

  5. You don't have to follow other people's advice to save money (11)Rachel Osborn says

    Thank you for helping take the guilt out of life. :) We are incredibly frugal, but when we do buy things, we buy the best! I shouldn’t feel guilty for having nice things when other people are throwing their money out the window on a regular basis, buying cheap gadgets, cheap fast food, cheap clothing…We got rid of cable to save money and just stream everything now. But I only subscribe to one streaming service at a time-I know people who subscribe to all of them all the time, PLUS have cable! I can’t even fathom that, lol!

    Reply

    • You don't have to follow other people's advice to save money (12)Hannah @ Eat, Drink and Save Money says

      I’m with you on buying quality items! It only makes sense.

      I have to admit that we have 2 streaming services. Luckily one is free because we borrow my moms Netflix login! The other is Amazon Instant through Prime which only makes sense to utilize since we pay for Prime anyway.

      Reply

  6. You don't have to follow other people's advice to save money (13)Laurie says

    I planted some tomatoes today. I have a 1.5 year old and a 3.5 year old. I spent about $35 on fencing and posts to keep said kiddos from destroying them. $11 on organic fertilizer because I didn’t want to have to worry about them getting into chemicals. $8 on the plants, not counting the seeds I tried to grow, but were destroyed (I only have so many high shelves). $20 to revamp the drip irrigation because my kids flip out when I try watering with the hose. So, saving money? Probably not. More of a hobby really.

    Reply

    • You don't have to follow other people's advice to save money (14)Hannah @ Eat, Drink and Save Money says

      Gosh! That stuff does add up fast! As long as you enjoy it, it’s worth it though. I really want to try tomatoes. I never plant them at the right time here. It’s so hot here all the time that I always miss the opportunity. Any tips?

      Reply

  7. You don't have to follow other people's advice to save money (15)Tanya @ Motherly Adventures says

    The grocery bills have also been much higher for us lately. Price of food, especially produce and meat, has skyrocketed. I try to to buy my meat and fish at Costco because they typically have good prices. I’ll cut everything up and then freeze everything. It requires spending more up front but cheaper in the long run.

    Reply

  8. You don't have to follow other people's advice to save money (16)The Personal Economist says

    Totally agree. I see posts for make your own washing detergent and tomato paste and think – no chance! I’ve got 2 kids (6 and 7) and work 30 hours a week – I’ve got better things to do. Although we live in Australia and it may be different, we save about 25% by shopping at Aldi rather than the ‘traditional’ supermarkets, so hopefully you won’t have to wait too long.

    Reply

    • You don't have to follow other people's advice to save money (17)Hannah @ Eat, Drink and Save Money says

      I’ve got better things to do too!

      I am SO excited about Aldi. You have no idea!

      Reply

  9. You don't have to follow other people's advice to save money (18)Katie says

    Preach it sista! Some ideas are all well and good, but it has to work for you. I’d love to do all of those things – I can bake my own bread once in awhile, but I certainly would have no place to store 100 lbs. of flour (ha!). With the price of meat these days (although milk has gone down!) it is hard to get a grocery budget under $150 a month. I just recently started going to Aldi and some things definitely were a bit cheaper there, however, I did happen to notice when I bought a can of generic Pam there, it cost less but it had an ounce less than my generic can from Wegmans. Lesson to be learned – compare prices AND sizes AND unit price. Have fun trying to save – I really enjoy the realistic view of this post! :)

    Reply

  10. You don't have to follow other people's advice to save money (19)Jen @ Frugal Millennial says

    I completely agree that what’s right for one person isn’t always right for another! It’s important to do what works for you!

    Reply

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You don't have to follow other people's advice to save money (2024)

FAQs

You don't have to follow other people's advice to save money? ›

Here's the takeaway: don't follow someone else's plan for saving money. Make your own plan. Do your research to see what other people are doing, but when it comes to making your own plan, do what makes you happy. Don't cut out cable if you love it.

Why do you think it is important for everyone to save money? ›

The future is unpredictable, and financial emergencies can crop up anytime. Saving money allows you to create a safety net for your future expenses as well as unplanned financial needs. The more you save, the more peace of mind you have, as you are better prepared for anything life throws at you.

What advice would you give to people who are unable to save money regularly? ›

Probably the easiest way to save when you're not a saver is to regularly pay yourself first by having a certain amount transferred from each paycheque to a Registered Retirement Savings Plan (RRSP) or a TFSA at a brokerage or other financial institution, says Trahair. “That way, you won't even miss the money.”

Can you think of any other money saving tips? ›

10 Tips for Saving Money
  • Track your spending. How are you spending your money? ...
  • Separate wants from needs. ...
  • Avoid using credit cards to pay your bills, if possible. ...
  • Pack your lunch. ...
  • Check your insurance policies. ...
  • Plan for irregular expenses. ...
  • Evaluate your services. ...
  • Reduce your energy use.

What are the two main reasons why someone would want to save money? ›

The importance of saving money is simple: It allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen. And, if you have savings set aside for discretionary expenses, you may be able to take risks or try new things.

What is the #1 reason why people struggle to save money? ›

Many adults struggle to cover unexpected expenses without resorting to credit. Debt, especially from high-interest credit cards, significantly hinders the ability to save. Lack of budgeting contributes to poor financial management and savings shortfalls.

How can we encourage people to save money? ›

Similarly research has shown that saving with friends and family can help with motivation. Form a habit: research suggests that once savings habits are established they tend to be maintained, and among 'rainy-day savers' the savings habits developed during childhood continue into adulthood and become self-reinforcing.

What the best advice for someone who is struggling financially? ›

  • Identify the problem. ...
  • Make a budget to help you resolve your financial problems. ...
  • Lower your expenses. ...
  • Pay in cash. ...
  • Stop taking on debt to avoid aggravating your financial problems. ...
  • Avoid buying new. ...
  • Meet with your advisor to discuss your financial problems. ...
  • Increase your income.
Jan 29, 2024

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 trick to saving money? ›

Sometimes the best way to save money is by setting a savings goal—a specific dollar amount with a set deadline. You can try the 100 Envelope Challenge and hit a $5,050 goal or use the our Savings Tracker and fill in whatever amount you want. Bonus tip: Be sure you know why this money is so important for you to save.

What is better than saving money? ›

If you don't need the money for at least five years (or longer) and you're comfortable taking some risk, investing the funds will likely yield higher returns than saving. If you're eligible for an employer match in your retirement account, such as a 401(k).

Do you think people are happier if they have money? ›

People earning more money tend to be happier than those making less, but how money affects happiness varies by individual, which means there's an overlap in happiness among people at various income levels.

Is saving really worth it? ›

Saving is generally seen as preferable for investors with short-term financial goals, a low risk tolerance, or those in need of an emergency fund. Investing may be the best option for people who already have a rainy-day fund and are focused on longer-term financial goals or those who have a higher risk tolerance.

How much does the average American save per month? ›

Source: NerdWallet survey conducted online March 30-April 3, 2023, by The Harris Poll among 2,035 U.S. adults. Savers say they typically set aside $985, on average, in a normal month, according to the survey. The median amount reported is $250.

Why is money so important to everyone? ›

Money provides a safety net, shielding us from the uncertainties of life. It allows us to cover our basic needs—food, shelter, and healthcare—and grants us peace of mind. Knowing that we have the resources to weather unexpected expenses or emergencies contributes significantly to our overall well-being.

How important is it to have savings? ›

Most people know they should be saving a portion of their income, but they might not grasp all of the benefits of doing so. Saving is an important habit to get into for a number of reasons — it helps you cover future expenses, manage financial stress and plan for vacations, just to name a few.

What are the benefits of saving money? ›

6 reasons to start saving today
  • You'll be financially independent sooner. ...
  • You won't have to worry if you're hit with any unforeseen expenses. ...
  • You'll have a buffer in place to help cover living expenses if you get made redundant. ...
  • You'll be prepared if your circ*mstances change. ...
  • You'll be more comfortable in retirement.

What are the three basic reasons to save money? ›

There are three basic reasons to save money. First, we save for an emergency fund. Second, we save for purchases. Third, we save for wealth building.

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