21 Old Fashioned Frugal Living Tips to Try Today (that will save you thousands πŸ’°)

Angela Braniff
17 Aug 202325:15
EducationalLearning
32 Likes 10 Comments

TLDRThis script explores the idea that frugality might be influenced by genetics, but emphasizes the importance of personal habits in shaping financial behaviors. It offers practical advice from past generations on saving money, such as cooking at home, buying in bulk, and gardening. The speaker also touches on modern tips like DIY projects, buying second-hand, and focusing on gains rather than gaps in financial progress, aiming to inspire viewers to adopt frugal habits for long-term savings.

Takeaways
  • 🧬 Genetics can influence our spending habits, but it's not the sole determinant; our choices play a significant role in shaping our financial behaviors.
  • 🍽️ Cooking at home is a frugal practice that can save money compared to eating out, which often includes additional costs like tips and transportation.
  • πŸ₯£ Cooking from scratch and using simple recipes can reduce expenses by avoiding pricier, less frequently used ingredients found in complex dishes.
  • πŸ‘©β€πŸ³ Wearing an apron while cooking or cleaning can protect clothes from stains, extending their lifespan and reducing the need for replacements.
  • πŸ’§ Sticking primarily to water, milk, and coffee for drinks can save money by avoiding the quick consumption and high costs of juices and sodas.
  • β˜•οΈ Brewing coffee at home instead of purchasing it from coffee shops can lead to significant savings over time.
  • 🍞 Learning basic baking skills can be a practical and cost-effective way to enjoy homemade bread and baked goods.
  • πŸ—‘οΈ Reusing old jars and containers can reduce waste and save money that might be spent on new storage solutions.
  • πŸ“¦ Buying in bulk makes sense for frequently used items, but it's important to ensure that the cost savings are real by doing the math.
  • 🌱 Planting a small garden can be an investment that pays off over time by providing fresh produce and herbs.
  • πŸ… Preserving food through canning or water glassing extends the life of produce and can save money by reducing the need to purchase out-of-season items.
Q & A
  • What is the emerging field of study that combines psychology and economics to understand spending habits?

    -The emerging field of study is called neuroeconomics, which aims to understand why people have certain spending habits.

  • How does genetics potentially influence our tendency to be frugal or extravagant with spending?

    -Genetics may predispose some individuals to be more frugal or extravagant in their spending habits, but it's not the sole determinant as personal choices also play a significant role.

  • What is one way to save money by altering our habits, as suggested by the speaker?

    -One way to save money is by creating new habits that work around our predispositions, such as cooking at home and using simple recipes.

  • Why is cooking at home suggested as a frugal tip in the script?

    -Cooking at home is suggested because it is generally less expensive than eating out, which often includes additional costs like tips, gas, and potentially babysitting fees.

  • What is the benefit of wearing an apron while cooking or cleaning, as mentioned in the script?

    -Wearing an apron helps protect clothing from stains and wear, thus keeping clothes looking newer for a longer period and reducing the need to replace them frequently.

  • Why is sticking to water, milk, and coffee as primary beverages recommended for saving money?

    -Sticking to water, milk, and coffee can save money because juices and sodas can quickly increase the grocery bill due to their perishability and the cost of non-essential beverages.

  • What is the advantage of learning basic baking skills according to the script?

    -Learning basic baking skills can save money in the long run and allows for homemade bread and other baked goods, which can be more cost-effective than store-bought items.

  • Why is reusing old jars and containers a recommended frugal habit?

    -Reusing old jars and containers is a frugal habit because it reduces the need to purchase new storage items and makes use of materials that would otherwise be discarded.

  • What is the benefit of buying in bulk according to the script?

    -Buying in bulk can save money when it makes sense for items that are used frequently and have a long shelf life, provided that the price per unit is actually lower in bulk quantities.

  • How can planting a small garden potentially save money, as suggested in the script?

    -Planting a small garden can save money by providing fresh produce and herbs over time, reducing the need to purchase these items from the store.

  • What is the importance of focusing on the 'gain' rather than the 'gap' when trying to save money?

    -Focusing on the 'gain' helps to recognize and appreciate the progress made in saving money, which can be more motivating and satisfying than constantly focusing on the 'gap' between current habits and desired goals.

Outlines
00:00
🧬 Genetics and Frugality

The speaker discusses the potential genetic predisposition to frugality or extravagant spending habits, introducing the field of neuroeconomics. They emphasize that while genetics may play a role, personal choices significantly influence how these predispositions manifest. The speaker encourages understanding one's brain to develop habits that counteract unhelpful tendencies, setting the stage for sharing 21 tips on frugality inspired by past generations.

05:01
🍲 Cooking at Home and from Scratch

The speaker highlights the importance of cooking at home and from scratch as a means to save money. They note that eating out frequently can be costly, and cooking at home was a common practice among past generations. They also mention the benefits of using simple recipes and ingredients, which are typically more cost-effective and healthier. Additionally, the speaker shares personal anecdotes about their love for trying new recipes and the value of meal planning.

10:02
πŸ‘• Aprons for Wardrobe Protection

The speaker extols the virtues of wearing aprons while cooking and cleaning to protect clothing from stains and wear. They share personal preferences for different types of aprons and how they serve a dual purpose as a 'walking dish towel.' The speaker also touches on the cultural significance of aprons and suggests finding fun aprons on Etsy, reflecting on the practicality and style of this traditional practice.

15:03
πŸ’§ Sticking to Water, Milk, and Coffee

The speaker shares a tip from their grandmother about the financial benefits of limiting beverages to water, milk, and coffee, rather than purchasing juices and sodas. They discuss their own experience with a large family and how this practice has helped save money over the years. The speaker also mentions the rapid consumption of juice in their household and the high cost of these beverages.

20:04
β˜•οΈ Making Coffee at Home

The speaker emphasizes the cost savings of making coffee at home instead of purchasing it from coffee shops. They share personal experiences of saving money by not regularly visiting Starbucks since moving to a farm with less access. The speaker recommends investing in a good espresso maker, which has paid for itself in their family through daily use, and suggests that making coffee at home can lead to significant savings.

25:06
πŸ₯– Learning Basic Baking Skills

The speaker encourages learning basic baking skills as a practical and money-saving habit. They admit to not having learned to bake from their mother and express regret for not picking up the skill earlier. The speaker promotes self-teaching through online resources like YouTube and highlights the joy and practicality of baking homemade bread, citing a friend known as the 'sourdough queen' for inspiration.

πŸ—‘ Reusing Jars and Containers

The speaker advises holding onto good-quality jars and containers for reuse, a habit they learned from their grandmother. They discuss the importance of recognizing valuable storage items and the benefits of reusing them for canning or storage. The speaker also humorously acknowledges the adult realization of valuing a good box, reflecting on the practicality and sustainability of this practice.

πŸ“¦ Buying in Bulk for Savings

The speaker suggests buying items in bulk when it is financially sensible, emphasizing the importance of doing the math to ensure actual savings. They caution against bulk buying items that may expire or go unused, taking up space and negating potential savings. The speaker promotes bulk purchasing as a strategy for smart money management.

🌱 Planting a Small Garden

The speaker advocates for planting a small garden as a long-term investment that can save money. They share personal experiences and lessons learned from gardening, including the initial costs and the importance of starting simple. The speaker suggests focusing on growing herbs and salsa ingredients, and they promise to share more about their gardening epiphany in a future video.

πŸ… Preserving Food Through Canning

The speaker discusses the importance of preserving food through canning as a way to save money. They advise being selective about what to can, ensuring that it is something the family will consume. The speaker also introduces the concept of water glassing eggs to extend their shelf life, making use of the surplus from their prolific egg-laying chickens.

🏠 DIY Home Projects and Renovations

The speaker promotes DIY home projects as a way to save significant amounts of money. They share their journey of learning construction skills and completing various projects, despite having no prior experience. The speaker encourages others to undertake DIY projects, suggesting that if they can do it, anyone can, and emphasizes the satisfaction and proof of capability that comes from completing such tasks.

πŸ›οΈ Willingness to Buy Off-Brands

The speaker discusses the potential cost savings of buying off-brand products, which are often the same as name-brand items but at a lower price. They acknowledge the influence of brand loyalty in marketing but suggest that being open to off-brands can lead to substantial financial savings.

🧡 Learning Basic Sewing Skills

The speaker encourages learning basic sewing skills, such as hemming garments or curtains, as a means to save money and extend the life of clothing and home items. They reflect on their mother's teachings and the importance of self-teaching through online resources. The speaker sees sewing as a valuable skill that can offer long-term benefits.

πŸ‘• Setting Up a Laundry Line

The speaker suggests setting up a laundry line to dry clothes outside as an energy-saving and cost-effective alternative to using a dryer. They express a preference for the smell and feel of sun-dried clothes and note the potential for reducing household heat during hot weather. The speaker also mentions a recent purchase of a Gorilla line, a simple and sturdy option for creating a clothesline.

🧹 The Power of Decluttering

The speaker emphasizes the importance of decluttering as a means to save money by avoiding the purchase of items already owned but misplaced. They discuss the need for a regular decluttering regimen to stay organized and prevent unnecessary spending, highlighting the practical benefits of maintaining a tidy and organized living space.

πŸ”„ Swapping and Bartering

The speaker promotes the practice of swapping and bartering as a way to save money, reflecting on its prevalence in the past and its potential in creative industries. They suggest using social media platforms for exchanging goods and services, emphasizing the need for skills or items worth trading and the creative ways to engage in this practice.

πŸ‘— Buying Second-Hand Clothing

The speaker extols the virtues of buying second-hand clothing as a cost-effective way to acquire quality items. They share their fondness for thrift shopping and platforms like Thredup, which allow them to find favorite brands at discounted prices. The speaker encourages investing in quality pieces that will last, whether new or second-hand.

πŸ›‹οΈ Investing in Quality Furniture

The speaker advises investing in quality furniture pieces that will stand the test of time, reflecting on their experiences with cheaper alternatives that quickly deteriorate. They advocate for the durability of well-constructed furniture passed down through generations and suggest refinishing furniture as a way to give it new life while maintaining its quality.

πŸšΆβ€β™€οΈ Focusing on the Gain, Not the Gap

The speaker concludes with a personal tip on the mindset for saving money and living frugally. They recommend focusing on the progress made, or 'the gain,' rather than the distance to the goal, or 'the gap.' This approach fosters a positive outlook, celebrating achievements and promoting continued effort towards financial goals.

🎢 Musical Interlude

The script includes a brief musical interlude with lyrics about spending a romantic night together, symbolizing a moment of respite or transition within the video content.

Mindmap
Keywords
πŸ’‘Frugal
The term 'frugal' refers to the practice of being economical with money or resources. In the context of the video, it is presented as a desirable trait that some people seem to find easier to adopt than others. The script discusses the idea that frugality might be influenced by genetics, but also emphasizes that personal choices and habits play a significant role in financial behaviors, with the video offering tips to develop frugal habits.
πŸ’‘Neuroeconomics
Neuroeconomics is an emerging field that combines psychology and economics to understand the neural mechanisms that underlie decision-making, particularly those related to economic choices. The script mentions neuroeconomics as a way to explore why some individuals have a predisposition towards frugality or extravagant spending, suggesting that our brain's biology may influence our spending habits.
πŸ’‘Habits
Habits are regular practices or routines that tend to occur subconsciously. The video script uses the term 'habits' to describe 'cheat codes' for the brain that can help individuals override predispositions, such as a tendency to spend extravagantly. It suggests that by creating new habits, one can work around their genetic wiring to develop more frugal behaviors.
πŸ’‘Meal Planning
Meal planning is the process of planning meals and snacks in advance, which can help save money and reduce waste. The script highlights the benefits of meal planning and cooking from scratch, using simple recipes with fewer ingredients, as a way to cut down on grocery expenses and promote frugality.
πŸ’‘Apron
An apron is a garment worn to protect one's clothes from spills and stains, especially while cooking or cleaning. The video script suggests wearing an apron as a frugal tip to extend the life of clothing and reduce the need for frequent replacements due to damage.
πŸ’‘Baking
Baking refers to the process of cooking food using dry heat, typically in an oven. The script emphasizes learning basic baking skills as a way to save money by making homemade bread and other baked goods, which can be more cost-effective than purchasing them.
πŸ’‘Bulk Purchasing
Bulk purchasing involves buying large quantities of an item at once, often at a lower cost per unit. The video advises buying in bulk when it makes economic sense, such as for items that will be used up before they spoil or expire, as a strategy to save money.
πŸ’‘Gardening
Gardening is the practice of growing plants, flowers, and food. The script promotes planting a small garden as a long-term investment that can save money by providing fresh produce and herbs, which can be more cost-effective than buying them at the store.
πŸ’‘Preserving Foods
Food preservation is the process of treating food to prolong its shelf life. The video mentions canning and water glassing as methods of preserving food, which can save money by allowing families to enjoy seasonal produce year-round.
πŸ’‘DIY Projects
DIY stands for 'do it yourself' and refers to projects or repairs that individuals undertake without the help of professionals. The script encourages DIY home projects as a way to save money and gain a sense of accomplishment, with the added benefit of potentially learning new skills.
πŸ’‘Second-hand
Second-hand refers to items that have been previously owned or used. The video suggests buying second-hand clothing as a frugal practice, as it allows for the purchase of quality items at a lower cost, and supports sustainable consumption by reusing and recycling.
πŸ’‘Quality
Quality refers to the standard or grade of something, often in terms of its durability and craftsmanship. The script advises investing in quality pieces that will last longer, rather than cheaper items that may need to be replaced more frequently, which can ultimately save money in the long run.
πŸ’‘Decluttering
Decluttering is the process of removing unnecessary items from one's living space. The video script notes that decluttering can indirectly save money by preventing the purchase of items that are already owned but have been misplaced or forgotten.
πŸ’‘Bartering
Bartering is the exchange of goods or services without the use of money. The script mentions bartering as a traditional method of trade that can save money by allowing individuals to exchange items or services they no longer need or use for those they require.
πŸ’‘Gain vs. Gap
The concept of 'gain vs. gap' refers to focusing on the progress made (gain) rather than what is left to achieve (gap). The video script uses this concept to encourage a positive mindset in saving money and adopting frugal habits, suggesting that recognizing one's achievements can motivate further progress.
Highlights

Frugal behaviors and spending habits might be linked to genetics, according to neuroeconomics research.

Genetic predispositions do not absolve individuals from making choices that can influence their financial habits.

Creating new habits can help override predispositions towards spending, acting as 'cheat codes' for the brain.

Cooking at home is a traditional frugal practice that can lead to significant savings.

Cooking from scratch and using simple recipes can reduce the cost of ingredients and promote healthier eating.

Wearing an apron during food preparation can save on clothing expenses and keep clothes looking newer for longer.

Limiting beverages to water, milk, and coffee can save money by avoiding the high cost of juices and sodas.

Making coffee at home instead of purchasing it from coffee shops can result in substantial savings over time.

Learning basic baking skills can be a cost-effective way to enjoy homemade bread and other baked goods.

Reusing old jars and containers is an eco-friendly and economical practice passed down from previous generations.

Buying in bulk makes financial sense for frequently used items and can lead to cost savings when done correctly.

Planting a small garden can be an investment that pays off in the long run by providing fresh produce.

Preserving food through canning or water glassing extends the life of produce and reduces the need for store-bought goods.

DIY home projects and renovations can save substantial amounts of money compared to hiring professionals.

Being open to buying off-brand products can lead to savings without necessarily sacrificing quality.

Learning basic sewing skills can extend the life of garments and home items by allowing for repairs and alterations.

Setting up a laundry line to dry clothes outside can save on energy costs and is gentler on clothing.

Decluttering and getting rid of unnecessary items can prevent duplicate purchases and save money.

Swapping or bartering services and goods can be a creative way to save money and utilize existing resources.

Buying second-hand clothing is a cost-effective way to acquire quality items at a fraction of the original price.

Investing in quality pieces for long-term durability and value, rather than cheaper items that may need frequent replacement.

Focusing on the 'gain' rather than the 'gap' in one's frugality journey promotes a positive mindset and continued progress.

Transcripts
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