8 Depression Era Money Saving Tips (2024)

You can start using these Great Depression Era money-saving tips today!

8 Depression Era Money Saving Tips (1)

When most people think of the height of frugal living, the depression era is often the #1 time they think about. It was a time when most people didn’t waste anything, used their creativity and ingenuity to solve problems and managed to make it through, even when times were extremely tough and budgets simply did not exist because there was nothing to spend.

When I think of the depression era, I am reminded of how much we waste now and how they managed to use everything without even a complaint. It just was the way things were and everyone contributed to the household. If you would like to employ some good, old-fashioned money-saving tips that they used in the depression era to save your household some money, here are 10 forgotten Depression Era money-saving tips to start using now.

8 Depression Era Money Saving Tips

Learn the art of haggling.

People in the depression era didn’t just take the first quoted price for something. They knew how to trade, haggle, and make deals. We may not haggle these days outside of the car lot, but that doesn’t mean we can’t save money on the things we want. I keep notes of the items I need and then watch for sales on them. But it never hurts to ask when a store’s next sale will be.

Trading is starting to come back. More stores are offering to give you credit on used electronics when you are upgrading. Some stores buy back CDs, Vinyl Records, Books, or DVDs. Others buy back gaming equipment or phones. When you need a new item, see if you can, at least partially, fund it with something you no longer use.

While most of us are not comfortable haggling, you can use the internet to find the best price on an item. If you can offer proof of that price, some stores have a price matching guarantee.

Don’t shop for fun.

Recreational shopping wasn’t really an option for most people during the Great Depression. It is amazing how much money we waste when we shop because we are bored. Make it a habit to not do so. Bored? Pick up a deck of cards, work on a puzzle, call a friend, read a book, work in the garden, or choose another no-cost hobby to entertain yourself.

8 Depression Era Money Saving Tips (2)

Buy used.

Many families bought things that their neighbors no longer needed in order to save money. This should be a priority for you if you are looking to save money especially when it comes to things like kids’ clothing, seasonal items, and even household basics. Check out your local thrift stores, Craigslist, eBay, or even Facebook Marketplace.

Shop locally.

You may be surprised by how cheap things are when you buy from local stores. Many people shop at big box stores because we have been trained as consumers to think they are cheaper. The truth is, they are often not cheaper and you can get great deals from local markets. This is usually true of farmers’ markets because you are shopping in-season as well.

Even if the price is higher, you may save money because you do not have to pay shipping costs. Have you ever had your online cart at $23 when the business reminds you that if you spend $35, you will get free shipping, so you buy a $13 item that you don’t really need to save $4.99 on shipping? Yeah, they trick you into spending more because you hate paying shipping costs.

Reduce the use of household products.

Most of us use too much dish soap, shampoo, and lotion as well as many other products. Reduce the amount you use and you may be surprised that it’s enough. This will save you from having to replenish personal care products, beauty products, and cleaning supplies as often.
If you read the back of the bottles, they will often say, “Use a pea-size amount”. Try just following the guidelines on the back of the bottle. Carefully look at the lines on the laundry soap measuring cup. Most of the time, you only need the amount at the lowest line, but we are in the habit of filling the whole cup using 3 – 4 times as much as we need.

My kids always use too much soap when watching their hands, so I fill the soap dispenser halfway with soap, then fill it the rest of the way with water. I put the lid on and then shake to mix the water into the soap.

Stretch your meat or skip it in meals.

Often, families did not have the money to have meat with most meals during the great depression. They stretched what meat they did have with beans and lentils. If you don’t feel you can go meat-free, try ubstituting beans or lentils for half the ground meat in your recipes. You will save money and consume much-needed fiber.

How to Build a Depression Era Pantry

Filling Depression Era Breakfast Recipes

Frugal and Flavorful Depression Era Recipes

Depression Era Tips to Stretch Your Food Budget

Don’t buy disposable things.

Disposable products simply didn’t exist during the Great Depression. Now, we live in a disposable era. But it is easy and much more frugal to trade paper towels for rags and sandwich baggies for reusable containers. Look at the disposable products you are buying and find a reusable resource in your home.

Try some holistic health.

In our grandparent’s time, it was expensive to see a doctor just like it is now, and it wasn’t unheard of to try weird concoctions for healing various ailments. Don’t use any of the disproved methods of former days! However, it may be smart to try things like essential oils for minor ailments before reaching for that medication or going to your doctor’s office for minor things like congestion from a cold.

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8 Depression Era Money Saving Tips (2024)

FAQs

8 Depression Era Money Saving Tips? ›

To save money, families neglected medical and dental care. Many families sought to cope by planting gardens, canning food, buying used bread, and using cardboard and cotton for shoe soles.

How did people save money during the depression? ›

To save money, families neglected medical and dental care. Many families sought to cope by planting gardens, canning food, buying used bread, and using cardboard and cotton for shoe soles.

What was the best way to make money in the Great Depression? ›

Some of the Ways People Earned Money During the Great Depression
  1. Caught and sold fish, clams, and crabs.
  2. Made homemade fudge and sold it.
  3. Sold newspapers on the corner. ...
  4. Started a lunch truck/wagon.
  5. Grew, picked, and sold berries.
  6. Road work.
  7. Shoveled snow on roads.
  8. Multiple part-time jobs, including housecleaning.
Mar 2, 2022

How frugal were people during the Great Depression? ›

During the Great Depression, frugality wasn't merely a choice but a necessity. Every penny mattered. Each item, whether a piece of clothing or a food scrap, had potential value. Waste became a luxury few could afford, and conservation became the rule, not the exception.

How to live like the Depression era? ›

Frugal Living Tips from the Great Depression
  1. Cook from scratch. If you don't know this already, then it's time to learn. ...
  2. Eat at home. Eating out is one of the quickest ways to waste money. ...
  3. Plant a garden. ...
  4. Grow your own fruit. ...
  5. Forage. ...
  6. Eat less meat. ...
  7. Make your own specialty coffee. ...
  8. Pack your lunch.

What saved people from the Great Depression? ›

Mobilizing the economy for world war finally cured the depression. Millions of men and women joined the armed forces, and even larger numbers went to work in well-paying defense jobs.

What did people do to help get by during the depression? ›

Many families strived for self-sufficiency by keeping small kitchen gardens with vegetables and herbs. Some towns and cities allowed for the conversion of vacant lots into community “thrift gardens” where residents could grow food.

What is the best asset to hold in a depression? ›

Cash. Cash is an important asset when it comes to a recession. After all, if you do end up in a situation where you need to pull from your assets, it helps to have a dedicated emergency fund to fall back on, especially if you experience a layoff.

Where to put money during depression? ›

Domestic Bonds, Treasury Bills, & Notes

Mutual funds and stocks are considered to be a big gamble during depressions. While Treasury bonds, bills, and notes are more secure investments. These items are issued by the U.S. government.

Did anyone stay rich during the Great Depression? ›

Not everyone, however, lost money during the worst economic downturn in American history. Business titans such as William Boeing and Walter Chrysler actually grew their fortunes during the Great Depression.

What did poor people do during the Great Depression? ›

With no job and no savings, thousands of Americans lost their homes. The poor congregated in cardboard shacks in so-called Hoovervilles on the edges of cities across the nation; hundreds of thousands of the unemployed roamed the country on foot and in boxcars in futile search of jobs.

What happened to everyone's money during the Great Depression? ›

Simply put, the stock market crash of 1929 caused the Great Depression because everyone lost money. Investors and businesses both put significant amounts of money into the market, and when it crashed, tremendous amounts of money were lost. Businesses closed and people lost their savings.

What was cheap during the Great Depression? ›

That's an example of one of the few major exceptions to inflation: Technology tends to decline, rather than rise, in price. On the other hand, quite a few items, such as rents, haircuts and cars, were tantalizingly affordable in the Great Depression.

How did people save money during the Great Depression? ›

While previous studies have often assumed that cash hoarding was the primary vehicle of precautionary savings during the Great Depression, we will show that the best candidates were instead savings institutions and life insurances.

How to be super frugal? ›

15 Frugal Living Tips
  1. Tip 1: Differentiate between Luxury Spending vs Necessary Expenses. ‍ ...
  2. Tip 2: Make Cuts in Your Spending. ...
  3. Tip 3: Cap Your Spending. ...
  4. Tip 4: Keep Receipts and Track Spending. ...
  5. Tip 5: Think Twice Before You Buy. ...
  6. Tip 6: Learn How to Bargain. ...
  7. Tip 7: Reuse and Recycle. ...
  8. Tip 8: Find Thrifted Furniture.
May 28, 2024

How did people lose all their money in the Great Depression? ›

Simply put, the stock market crash of 1929 caused the Great Depression because everyone lost money. Investors and businesses both put significant amounts of money into the market, and when it crashed, tremendous amounts of money were lost. Businesses closed and people lost their savings.

How did the rich survive the Great Depression? ›

Those wealthy whose wealth was all in the stock market or was highly leveraged, lost everything. However, not every wealthy person had all their assets in the stock market or leveraged with debt. Many wealthy people owned land and buildings, all debt free. Many had lots of cash.

Who saved the economy during the Great Depression? ›

Following his inauguration as President of the United States on March 4, 1933, FDR put his New Deal into action: an active, diverse, and innovative program of economic recovery.

What did many Americans do to earn money during the depression? ›

Final answer: In November 1930, many Americans engaged in odd jobs, sold homemade goods, and participated in government programs like the CCC and WPA to earn money during the Great Depression.

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