For most people, grandparents are the best people to go to when in need of valuable advice. Apart from knowing about the best recipes and tips on dealing with parents, some grandparents have also become the best advisers when it comes to finances.
According to USA Today, most millennials are open to getting advice from grandma and grandpa. A study, which surveyed 1,000 grandparents 50 and older and 1,003 young adults ages 18 to 24, revealed that most young adults are willing to listen to their elders and that 73 percent of millennials say that their grandparents have the power to influence their saving and spending habits.
Here are some money-saving tips that we can all learn from grandparents.
Learn to make things
These days, it’s so simple to buy some new things just by heading to the store or clicking on a few items online. But back then, people had to make most of their things by hand. Most women knew how to sew, while men could do some carpentry.
To save money, do what your grandparents did and learn to make a few things on your own. If you’re crafty, you can make your own gifts to give to family and friends. Sewing is also a valuable skill that can save you a lot of money, but if you don’t have the time to learn how to make a whole dress, consider learning how to stitch ripped seams, lose buttons, and other simple repairs. Knowing how to do these yourself can save you money as you don’t have to go shopping often.
Have dinner at home
Our grandparents were not in the habit of ordering takeout or dining out every single night. Instead, they made their own food, often from scratch. Learning how to cook simple meals could do wonders for one’s budget. Moreover, you get to control what food goes into your body, which will result to a healthier you.
Pay with cash
Before the 1950s, there was no such thing as a credit card, and this is why our grandparents would always pay in cash. Though this may be a bit harder to do today, paying in cash today means that you’ll only spend money on what you really need. Save the credit card for real emergencies, and watch the savings roll in each month.
Recycle
Ever notice how your grandparents would save old newspapers, plastic or glass milk jugs and cans? Some would use these items to recycle or upcycle into something new, and grandparents would find uses for certain items before it gets thrown away. Back then, an old dress could be recycled and turned into rags or braided floor rugs, and when it gets too grubby, it could be used to line a chicken coop before it gets thrown away. Find different ways to use each item before disposing, and you’ll find that you save money as you don’t have to buy as many new things.
Grow your own food
Even if your grandparents weren’t farmers, chances are that they grew a few vegetables or fruits to supplement the contents of their pantry. If you have a small plot to grow a few plants, try to grow some tomatoes, lettuce, or a few of your favorite herbs.
For more, check out Jobs & Hire’s report on ways to makeover your home for less than $50.
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