Page 4 of 4 FirstFirst ... 234
Results 31 to 36 of 36

Thread: Things your frugal elders told you

  1. #31
    Senior Member HappyHiker's Avatar
    Join Date
    Jan 2011
    Location
    Mid Atlantic coast after 30 years in No CA
    Posts
    680
    My Dad taught me how to establish credit when I was a young married, with out a clue.

    Step #1. Save the money (in full) for the item you want to buy
    Step #2. Buy it on credit fr the best interest terms you can negotiate.
    Step# 3. Make all payments on time until paid in full.

    Rinse and repeat.

    Bingo! You now have good credit.

    This lesson worked well. We now pay cash and/or pay off our credit cards in full each month. Don't care if we have credit or not..we're on a cash basis. If we don't have the cash we don't buy it. Including cars, which we buy used. Our only new car was a 1969 Fiat 850 Spyder which we bought for cash with wedding gift cash. Cost us $2000.
    Author of the green eco-thriller: Falling Through Time http://fallingthroughtime.com Editor of http://vibrantvillage.com

  2. #32
    Senior Member
    Join Date
    Jun 2015
    Posts
    1,585
    Quote Originally Posted by thinkgreen View Post
    Look after your nickels and dimes. The dollars will look after themselves.
    Dad's variation was, "watch every penny, the dollars spend themselves". As a dairy farmer, he had to buy cows, feed, tractor/loader/holding tank and the hired milkers. But he didn't need 5 pair of boots, and for free, I did chores after school starting age 10, just as the older kids did. Mom got an allowance to run the house-no exceptions. After he died, she talked a bit about that and how tough it was to feed 6 kids on that and everyone's clothing/footwear including his farming clothes that wore out quickly.

  3. #33
    Senior Member Teacher Terry's Avatar
    Join Date
    Dec 2013
    Location
    Nevada
    Posts
    7,932
    My folks owned a resort that was only open in the summer. We all worked because when people checked out we had 4 hours to clean 4 cabins, clean all the rowboats for each cabin and rake the beach. We were really hustling. We didn’t get paid but did get a allowance.

  4. #34
    Simpleton Alan's Avatar
    Join Date
    Dec 2010
    Location
    Ohio
    Posts
    6,496
    The term 'frugal' seems to imply that there's money to be spent, which never really applied to my family. The only money related thing I ever heard was "Ya cain't spend whatcha ain't got."
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  5. #35
    Senior Member Teacher Terry's Avatar
    Join Date
    Dec 2013
    Location
    Nevada
    Posts
    7,932
    My older sister remembers when money was really tight. By the time I came along things were better financially. They were still frugal like rarely did we eat out. They knew how to manage money.

  6. #36
    Senior Member catherine's Avatar
    Join Date
    Jan 2011
    Location
    Vermont
    Posts
    9,694
    Quote Originally Posted by Alan View Post
    The term 'frugal' seems to imply that there's money to be spent, which never really applied to my family. The only money related thing I ever heard was "Ya cain't spend whatcha ain't got."
    Yeah, that sounds like my MIL who used to say, "We were poor but we didn't know it, because everyone was 'poor'." She was one of the most frugal people I ever met. Also one of the most generous. And even though she was frugal, she didn't skimp on quality. Her stuff lasted forever.
    "Do any human beings ever realize life while they live it--every, every minute?" Emily Webb, Our Town
    www.silententry.wordpress.com

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •