We all like to rag on boomers a bit, but the people who have the most knowledge are the ones who have been around the longest. The older generation has wisdom to share, and they do so freely and happily.
Often, they provide greater insight and tips than other communities because they’ve lived a long life of experience.
Here are some tried-and-true frugal living tips that are just as smart now as they were decades ago.
Build Up Your Pantry
Each time you go grocery shopping, pick up one extra non-perishable item that’s not on your list or needed right away. Over time, you’ll build a solid pantry that can help you through those weeks when your paycheck runs out before the week does. Some weeks, when you have extra cash, grab a larger item like laundry detergent or pet food.
Learn to Repair Things
Before replacing something, try fixing it first. With all the tutorials available online today, there’s a good chance you can repair anything from a leaky faucet to a noisy dishwasher. Not only will you save money, but you’ll also feel more capable and resourceful.
Keep the Change
At the end of each day, toss your spare change into a jar or container. Once it’s full, roll it up and deposit it into your savings or use it for something fun, like a vacation fund. You’d be surprised how quickly coins add up.
Don’t Leave Free Money on the Table
If your employer offers a 401(k) match, stock options, or any other financial incentive, take full advantage of it. It’s essentially free money, and by not participating, you’re leaving cash on the floor that could be working for your future.
Pay Yourself First
Before paying bills or spending on anything else, automatically transfer a small amount into savings or an investment account. Even $10 a week adds up over time, and you’ll thank yourself later when you’ve built a cushion without even noticing the difference.
Shop Second-Hand
Buying pre-loved clothes, furniture, and even electronics can save you a ton. With online thrift stores and resale platforms like ThredUp and eBay, finding quality second-hand items is easier than ever and better for the planet, too.
Plan Ahead for Pet Expenses
If you have pets, set aside a small amount each month for their care. You’ll cover food, vet visits, and emergencies without scrambling to find the money later. Treat it like any other household expense; it’s one less surprise to stress about.
Don’t Forget to Splurge Sometimes
Saving money doesn’t mean never enjoying yourself. Just like with dieting, being too strict can lead to burnout. Allow room in your budget for the occasional coffee run or dinner out with friends, just do it intentionally, not impulsively.
Look Down for Better Prices
Next time you’re at the grocery store, check the lower shelves. Items at eye level are often the most expensive because that’s where brands pay to be displayed. Look a little lower (or higher), and you’ll often find the same products for less.
Learn When Your Store Marks Down Items
Most grocery stores have specific days when they discount perishable items like meat and bakery goods. Learn when your store does its markdowns and plan your shopping trips around those times. You can save 25–50% just by timing your visit right.
