Top Financial Tips about the Great Depression
Having lived through the depression, our grandparents and great-grandparents formed a lack of trust in banks and turned to burying cash in the backyard or hiding it under the mattress. Our current economic downturn doesn’t yet call for such drastic measures but there are things we can learn from those who went through this challenging era and prospered.
9 THINGS GREAT DEPRESSION GRANDPARENTS KNEW ABOUT SAVING
1. Live below your income. "
2. Focus on needs, not wants.
3. Stay home.
4. Eat in.
5. Skip the alcohol.
6. Choose regular coffee.
7. Do not shop for entertainment.
8. Keep the old car.
9. Use it up, wear it out, make it do or do without.
via incbiznet
7 Financial Tips From the Great Depression
- Food: Grow a Garden
- Entertainment: Enjoying the Simple Things
- Transportation: How Many SUVs Does Your Family Need?
- Housing: Downsize or Rent a Room
- Jobs/Entrepreneurship: Nothing Left to Lose?
- Credit: Redefining What You Can Afford and Need
- Money Management/Budgeting: Simplify Your System
via bspcn