The wisdom of those who lived through the Great Depression can be helpful for us today, says Marlene Alexander of Financial Highway. Some things we can do include walking more instead of driving for short trips. Don’t buy something new; repair or mend what you have. Use every bit of shampoo or soap. Wait to buy something until you have cash, and while you’re waiting, really think about the necessity of the purchase. Can you live without it? How will it impact your debt? These practices got our grandparents through tough times and can do the same for us.
Read full article here: What the Past Can Teach Us About Saving Money in the Present
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.