
Most of us do not recall what it was like to live during the economic depression of the 1930’s. In comparison, we have had it easy. We don’t know what it’s like to have our pay cut drastically, or to wander the streets looking for work and food, and not being able to find either.
I didn’t live during those times but I remember my grandparents talking about their experiences and how devastating it was. Those that lived during those times were forever impacted by them. Even when the economy was much improved, they would not live beyond their means, would not buy things on credit, and still they wasted nothing. I think they even passed their fear and extremely frugal ways onto their children, and caused them to become “pack rats” “because you never know when you are going to need something.”
Those that lived during the economic depression would not throw away anything. They hoarded everything. They re-used things as many times as possible. Clothes were patched and clothing that was outgrown was passed down. Blankets that were wearing out were sewn together and made into quilts and covered with mulit-colored scraps of fabric left over from other sewing projects or from clothes that were beyond repair. Left overs at meal time were converted into soup or casseroles. Stale bread was transformed into bread pudding, and left over rice became dessert in the form of rice pudding. They couldn’t afford to go out and buy cooking oil, so any meat grease from frying bacon (if you were lucky enough to have it) was saved for cooking later. Vegetable gardens were not a hobby, they were a necessity. Everyone who managed to keep their own homes had a garden. The gardens were huge and they canned their own vegetables and made sure they had enough to carry them through the winter. They also raised their own chickens for meat and eggs. They couldn’t afford to buy bread. They made their own. Biscuits were a daily staple. People also bartered a lot. If one person had something that another needed, and the other had something of value to exchange, then a swap was made. And of course, there were those soup lines for those who simply had nothing at all if you brought your own bucket.
I am sure most did without electricity, and they had wood stoves to keep warm in the winter. They did without the conveniences we take so much for granted now. I would think that sunrise and sunset took on a whole new meaning when you cannot afford to keep oil lamps burning for hours on end.
My grandfather once told me that if my generation were to experience an economic depression like the one that they lived through that we would not survive, because we spend more than we make, we buy homes on credit that our beyond our real means, we buy too much of everything on credit, we save very little if at all, and we don’t know the first thing about living off the land, growing our own food, and how to make something out of nothing. We are a spoiled generation. I think he was probably right.
We watch the news daily and hear that the stocks are bottoming out, that businesses are closing, banks are folding, the auto industry is going bankrupt, and that people are losing their jobs and their homes. Currently, unemployment is at 9 percent. Yet, we hear this news as if it’s in some distant land because it hasn’t touched most of us in any real way yet. But it’s going to touch us. I sincerely feel that by next year this time, if not sooner, we will all feel the crunch of the economic crisis that our country finds herself in.
We can take steps now to make things less painful for us later.
- Look at your 401k plan. If you haven’t already done so, move your money away from stocks, and invest it in Cd’s or other things that are secure. Your return might not be as great, but we are focusing on security right now. With banks folding up, the auto industry in despair, and companies going bankrupt, nothing is a sure gamble. So don’t!
- Stop spending and start saving as much as possible. This is going to be difficult during the holiday season that is fast approaching, but don’t get caught up in the “guilt of giving.” Limit yourself on what you can and will spend. To repeat myself in a past article “What can you honestly give another adult that they cannot give their own self?” If you have been brainwashed into believing that the dollar amount of your gift shows how much you care, it’s time to trash that concept, and get back to “it’s the thought that counts” belief system.
- Practice the art of being frugal. Stop tossing out the left over meals and get creative and turn that meal into something entirely different, or if there are enough left overs, just freeze it and serve it again another time. Save on electricity by turning off lights and keeping the thermostat turned down. Clip store coupons,and buy only what’s on sale at the grocery store, and plan your meals around that. There’s lots of things you can do to cut away the excess that’s eating up all of your money. ( Please leave your frugal tips in the comment section!)
- Start planning for your own vegetable garden this Spring. Vegetables are expensive! Have you noticed the price of tomatoes at the grocery store? You will do your wallet a big favor if you start growing your own vegetables, and you will benefit from the exercise also. Plant some fruit trees while you are at it. The dwarf variety mature faster. Oh, and if you have the space for it, build a small chicken coop way in the back yard. If you do the proper maintence and clean up there’s no horrible smell premeating your property. You will love those fresh eggs, and you will have enough to share. Those that you share with will remember you when they have something extra to share also. (Special thanks to Berly who keeps me well stocked in some of the best country eggs this side of North Carolina!)
- Hone up on those hunting and fishing skills. Get back to nature and the abundance that is all around you. If you have never had venison then you are missing out. When it’s cooked right it tastes just like beef! Not only that, it’s super lean and much better for you. You can serve it as a roast with potatoes, onions,and carrots, or as a stew, or country fried steak with gravy. You can make your own breakfast sausage, or venison burgers. You can even make your own barbque served on hamburger buns with cole slaw. Anything you can do with pork or beef, you can do with venison. It is super good! Hunting will keep you stocked with meat in the winter,and fishing will keep you well supplied in the summer, spring and early fall.
- Avoid eating out every week. We all spend way too much money on eating out at restaurants or fast food places. Pack your lunches for work, and instead meeting your friends for lunch or dinner out, take turns eating and socializing at each other’s home. It’s not only less expensive, but it’s more comfy also.
- Learn the art of bartering. Bartering is when you trade goods or a service in exchange for the same. Money is not involved. You may already know those who have a skill that you could exchange for a skill or something that you have that they need. There is a great place on the net called “Craig’s List” that has a place to post what you are willing to barter for anything you might need in exchange. It’s nationwide.
- Recycle. Americans are probably the most wasteful people on the planet. Stop throwing stuff away that you no longer need or want. Just because you don’t use it, or like it, or need it anymore, there is someone else who does. It’s junk to you, but it’s needed by someone else. There’s a great organization online that allows you to post what you want to give away. You post the item, and someone else emails you to tell you that they need it and then you set up arrangements for them to haul it away. I have seen everything given away on there. Anything from whole living room suites, bedroom suites, washers, dryers, stoves, refrigerators, swings sets, exercise equipment, toys, books, tv’s …you name it…sooner or later they have it. And it’s all free! Check out www.freecycle.org for a group in your area.
- Stop wasting money on entertainment. You don’t have to rent movies anymore. Your local library now has DVD’s that you can check out. Instead of buying a book that you will only rend once, check one out at the library also. Put those libraries to good use! You can also check out what’s going on at your local community colleges too. Very often they have plays you can see or an orchestra that you can attend for very little and very often for no fee at all. Search for the free entertainment that is taking place in your own area.
The list doesn’t stop there. I am sure many of you have many frugal money saving tips that you can pass along to educate and help the rest of us. Please leave them in the comment section. So, tell me…How frugal are you? 