Our grandparents didn’t have access to flashy apps, investment platforms, or side hustles, yet they managed to save money like pros. How? They embraced simple, practical habits that stood the test of time—and some of their strategies are so effective, they might just blow your mind. Here are a few timeless money-saving tips from the past that you can start using today to transform your financial life.
1. They Paid Themselves First
One of the smartest tips from the past is the idea of paying yourself first. Before spending on bills, food, or entertainment, they would set aside a portion of their income for savings. You can do this today by automating a percentage of your paycheck to go directly into a savings or investment account. It’s one of the simplest ways to ensure you’re consistently building your financial future.
2. They Grew Their Own Food
Back in the day, having a backyard garden was common practice. People grew their own fruits and vegetables, which not only saved money but also guaranteed fresh produce. You don’t need a full-blown farm to benefit from this—starting a small herb or vegetable garden at home can cut down on your grocery bills and give you that satisfying feeling of growing your own food.
3. They Made Things Last
People in the past knew how to make things last. Whether it was clothing, furniture, or household items, they didn’t toss something the minute it showed wear. They repaired and maintained what they had. Adopting this “make it last” mentality can help you save big. Instead of replacing things at the first sign of trouble, learn to repair and maintain them—and you’ll stretch your dollars further.
4. DIY Everything
If something could be made at home, they made it! From cleaning products to home-cooked meals, the DIY approach was a way of life. Today, you can save a surprising amount of money by making things from scratch. Try whipping up homemade versions of expensive store-bought items, like cleaners, beauty products, or even your favorite takeout meals. It’s easier than you think—and way more cost-effective.
5. Cash Was Their Budgeting Tool
People of the past didn’t rely on credit to make everyday purchases. Instead, they used cash for most transactions, which helped them stay within their means. You can recreate this with a simple cash-only system for your discretionary spending. When you see the cash physically leave your wallet, it’s easier to rein in unnecessary expenses.
6. Hand-Me-Downs Were a Lifesaver
New clothes and items weren’t always the default. Hand-me-downs were not only accepted—they were embraced. From kids’ clothes to household items, people swapped and shared to save money. While we live in a fast-fashion world, consider thrifting, swapping, or buying second-hand to get quality goods without the price tag. You’ll be surprised how much you can save—and how stylish vintage can be!
7. They Cooked at Home—Always
Eating out was a rare treat for past generations. Most meals were home-cooked, which saved an incredible amount of money over time. You can easily apply this to your life by prepping meals for the week or learning some quick, go-to recipes. Not only will your wallet thank you, but so will your health.
8. Reusing and Repurposing Was the Norm
People didn’t run out to buy new things when something could be reused or repurposed. They found creative ways to turn old items into something useful. Try giving second life to items you already own—turn old clothes into rags, repurpose glass jars for storage, or upcycle furniture. Not only will you save money, but you’ll also tap into your creative side.
9. They Bartered and Traded Skills
Back in the day, people exchanged skills and services instead of cash. If someone was great at fixing cars, they might trade their expertise for a neighbor’s carpentry work or gardening help. This kind of barter system can still be applied today, especially in communities or among friends. If you have a skill or service you can offer—whether it’s cooking, tutoring, or tech support—consider swapping it for something you need. Not only will you save money, but you’ll also build stronger relationships in the process.
10. They Embraced “No-Spend” Entertainment
Who says having fun needs to cost a fortune? Our grandparents found joy in simple, no-spend activities. Family game nights, reading books from the library, or picnicking in the park were common ways to have fun without spending money. Today, you can still embrace this idea by planning a game night with friends, organizing a potluck, or taking a nature walk. Rediscover the beauty of low-cost, high-quality time.
11. They Sewed, Knitted, and Mended
In a time before fast fashion, clothing was an investment. If a shirt ripped, it didn’t go into the trash—it got a patch or a stitch. Learning basic sewing skills or mending clothes can save you from constantly buying replacements. Whether it’s hemming pants or sewing on a button, taking the time to fix your wardrobe can extend its life and keep more money in your pocket.
12. They Practiced Bulk Buying and Canning
Our grandparents knew the value of buying in bulk. Not only did they get a better deal, but they often canned or preserved extra food to last through the winter months. You can practice this by buying bulk items for pantry staples or freezing meals in batches. Consider investing in a few canning jars and learning the basics of preserving. It’s a great way to reduce food waste and ensure you always have essentials on hand.
13. They Prioritized Needs Over Wants
Before online shopping and one-click purchases, people were much more deliberate about their spending. Every purchase was scrutinized: “Is this a need or a want?” This mindset is still powerful today. Before buying something new, take a moment to pause and consider if it’s a necessity. That small mental shift can help you avoid impulse purchases and save a surprising amount over time.
These timeless money-saving habits are proof that sometimes the simplest strategies are the most effective. By incorporating a few of these old-school tips into your modern life, you’ll be well on your way to saving more, spending less, and building a stronger financial foundation.
