4 Old-fashioned Ways to Save Money

I used to wonder why so many elderly folks have so much money. Our parents have always had cash in their possession. Why? Because their approach to saving has always been old-fashioned. They can always be found with a tiny bag around their neck with a long secure thread, especially in most parts of Africa. That little porch is always filled with cash. Some people put their money under their mattresses. This is referred to as their “home bank account.” In the 1960s, this was one of the most popular ways to save money.

Saving money, the old-fashioned way is a terrific approach to build up large savings, especially if you are broke or short on cash if you earn less than your expenses if you are too lazy to go to the bank regularly to deposit the cash, and so on.

I believe the bank, in one way or another, uses the old-fashioned methods to save money, particularly with the kids’ bank account method of saving, in which they use a piggy bank to save coins or notes, and their parents take them to the bank to deposit them into their children’s bank accounts when they are full. This appears to me to be a method from the 1960s. Those days, they utilized plastic or iron containers. They drilled a little hole in the top to accommodate a coin or a bill. They could then break it and take the money out after a set amount of time, most likely monthly.

Today, I’ll show you four old techniques to save money at any time, whether you’re broke or super-rich. I’ve been using them, and my kids have as well, and I can confidently say that they work.

1. Piggy Bank

This is a little plastic jar that banks typically give out to children to save for their savings account. When removing cash, there is a small lock at the bottom that is opened using a key. Amazon and gift shops sell piggy banks. They are available in a variety of colours and shapes. You have the option of choosing your preference. Here’s a collection of piggy bank images.

Even adults can use piggy banks to save money, which they can then take to their bank and deposit into their savings account at the end of the month. They’re useful, especially for housewives who can put their change in the piggy bank after buying groceries. It’s particularly helpful for working individuals because they can simply save change leftover from lunch or coffee purchases, as well as money left over from bus fares. The money you place in the piggy bank is usually in the form of coins because many people think of coins as money that can’t be spent, but after it’s accumulated, it’s cash that can be put in a savings account or a money market account to earn compounded interest.

This is a method that I’ve adopted and made a habit of. I was able to save $80 in just one month the first time I used it. It was all coins, by the way. I made it a point to deposit any spare change from transportation, lunch, and groceries in the piggy bank. I make it a habit to save a coin every day. Colours, I believe, can also be encouraging. My piggy is red because I love red and yellow.

I’d really appreciate it if you gave it a shot. Go to Amazon and get a piggy of your choice, or order from a local seller. Purchase one for yourself and begin putting pennies on your shelves in it. And, I almost forgot, put the key somewhere you’ll quickly forget where you put it and only remember it towards the end of the month when your piggy is totally full and ready to be emptied and money deposited in the savings account.

Let me know when you’ll start saving with this method in the comments section below. I am confident you will enjoy it. It’s simple and perfect!

2. Stringed Purse

Put a wall purse holder in the closet’s farthest corner and hang the purse there. Make sure the top of the purse has a zipper. When you pay for transportation, groceries, and clothing, save the pennies and dollars that are left over as change. De-clutter your home and sell items you no longer require, then put the money in the purse.

This is the coolest way to save because you may place cash in the form of a note there.

This is the method of saving that I use. Occasionally I pay my utility bills with the money I’ve saved in my purse. When the month ends, I deposit the funds in my savings account from my purse. I also use it to pay for my children’s school.

3. Discipline

This is the secret to achievement. You must be disciplined in your savings if you want to become a successful saver. Discipline is the source of riches for the majority of the world’s wealthy. Regardless of the way you use to save, you must establish your terms and conditions, which you must adhere to the letter in order to attain the goal you set. When I use one of the aforementioned methods to save money, the first and most important thing I complete is to establish rules for myself that I follow without fail. And I can attest to having experienced the benefits of saving with discipline.

4. Decluttering

Do you have any items in your home that you haven’t used in years or that you don’t intend to use in the future? The reasons are because it is in poor condition, it is a shoe or a dress, and it no longer fits your adult children or is it electronics? It has a power supply problem that will cost you more to repair than a standard repair. All of this is clutter! Selling them is the most efficient method to declutter. Put the money you’ll obtain from the sale in an interest-bearing savings account or perhaps a monthly compounding money market account.

Decluttering a home has become the simplest and most convenient approach to get additional income with minimal effort. I feel that there is clutter in every home, in some form or another.

By decluttering household things such as plastic bottles, glass bottles, old wooden furniture, old shoes, old clothes, old electronics, old newspapers, used car batteries, and many more, I’ve made a significant amount of money. All I do is stack them in a store and then go out and find a market for them after a certain amount of time has passed. I’ve managed to build up a market for them over time.

Is there any clutter in your home? What were you planning to do with it? Throw it away! After reading this, have you changed your mind? Kindly, let me know in the comment section below.