You don't have to follow other people's advice to save money (2024)

By Hannah @ Eat, Drink and Save Money

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Stop following other people’s advice to save money! Do what works for you!

You don't have to follow other people's advice to save money (1)

I spend way too much time on Pinterest.It’s a huge time suck for me.

Instead of my Pinterest feed being full of DIY and recipes, mine is usually full of money saving tips. Pinterest knows what I like. I’m a sucker for a good money saving tip!

Just last night I was looking through my Pinterest feed and I saw a picture from a blog post about saving

money on groceries. I knew I needed to read it because I’m struggling to get our grocery bill below $150. I hope the new Aldi will be the solution to my problem. I’m slowly cutting out convenience foods such as precut veggies and baby food, but my grocery bill is still larger than I’d like it to be.

I was getting pumped about saving money on groceries until I read the way the author kept her groceries under $100 a week. Hereare her suggestions:

  • grew yourown veggies
  • buy meat in bulk, such as buying half a cow or pig
  • baked yourown bread
  • buy staples in ultra bulk, such as 100 pounds of flour at a time

I couldn’t help but be annoyed as I finished reading.I was annoyed because these are great tips, but ones I don’t currently want to follow.

Here’s the deal: I do want to be the type of person who grows veggies and bakes bread. I really do. But right now I have two kids under the age of three. Most of my days are spent holding another human being. If I’m not holding one of them, I’m feeding one or dealing with poop. So. Much. Poop. There is no way I’d have the patience to garden, bake and take care of kiddos. No way.

Side note: I am actually going to plant an herb garden this afternoon. Maybe I will get into this gardening thing after all.

I may not be the best at budgeting my groceries, butwe still save money. That’s when it hit me. I don’t have to follow all the advice for saving money. I only have to do what works for me.

There is no fail proof formula for saving money other than actually following through. Different things work for different people. That’s life, right?

[bctt tweet=”Different things work for different people”]

In order to really save money and become financially fit, we have to find our own motivation and work from there.After we find our motivation, we need to figure out how to make it work. This islike trying to lose weight: you can either eat less or exercise more. When it comes to saving money, you can either spend less or make more.

[bctt tweet=”When it comes to saving money, you can either spend less or make more”]

As much as I’d like to shave some pennies off my grocery budget, I think my time is better spent making money. I don’t think I’ll ever be a professional blogger, but the money I’m making from this side job is fulfilling and makes me feel a little less guilty about going over budget on groceries.

Here’s the takeaway: don’t follow someone else’s plan for saving money. Make your own plan. Do your research tosee what other people are doing, but when it comes to making your own plan, do what makes you happy. Don’t cut out cable if you love it. Don’t coupon if you hate it. Find what works for you. Love to cook? Stop eating out. Love to garden? Consider planting some edibles.

There are a million different ways to become financially fit. The first step is to find your motivation and make an official goal.

Have you set your goal yet?

Like this post? You’ll love my steps for thinking like a saver.

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Comments

  1. You don't have to follow other people's advice to save money (5)Jacky @ Joyful Savings says

    Great advice…. We all have different standards of how much is reasonable saving, or spending, but one thing is for sure, saving is a vital part of a healthy living! And sometimes, big savings come from doing small and simple things around the house that can save big money!

    JoyfulSavings recently posted this saving-tip article:

    Reply

  2. You don't have to follow other people's advice to save money (6)Katie says

    I love your insights! The idea of doing what works for you and your family could apply to so many different things – saving money, going green, organizing, parenting, and more. Smart advice!

    Reply

  3. You don't have to follow other people's advice to save money (7)Erin @ Stay At Home Yogi says

    I love this post, it is so true! There are so many great tips out there that just don’t apply to me, my family, and our current life. We can’t go down to one car for example. Make your own plan is great advice!

    Reply

    • You don't have to follow other people's advice to save money (8)Hannah @ Eat, Drink and Save Money says

      Thanks! I tried to convince my hubby to do one car and he said no. I’m so glad he did! I think I would go crazy at home with two kids and no car.

      Reply

  4. You don't have to follow other people's advice to save money (9)Wee Green Folk says

    So true! There’s loads of great ideas out there but they’re so impractical. I can barely get the fish fingers in the oven let alone go and harvest the food from the garden….maybe some day! Let me know how the herbs work out:-)

    Reply

  5. You don't have to follow other people's advice to save money (11)Rachel Osborn says

    Thank you for helping take the guilt out of life. :) We are incredibly frugal, but when we do buy things, we buy the best! I shouldn’t feel guilty for having nice things when other people are throwing their money out the window on a regular basis, buying cheap gadgets, cheap fast food, cheap clothing…We got rid of cable to save money and just stream everything now. But I only subscribe to one streaming service at a time-I know people who subscribe to all of them all the time, PLUS have cable! I can’t even fathom that, lol!

    Reply

    • You don't have to follow other people's advice to save money (12)Hannah @ Eat, Drink and Save Money says

      I’m with you on buying quality items! It only makes sense.

      I have to admit that we have 2 streaming services. Luckily one is free because we borrow my moms Netflix login! The other is Amazon Instant through Prime which only makes sense to utilize since we pay for Prime anyway.

      Reply

  6. You don't have to follow other people's advice to save money (13)Laurie says

    I planted some tomatoes today. I have a 1.5 year old and a 3.5 year old. I spent about $35 on fencing and posts to keep said kiddos from destroying them. $11 on organic fertilizer because I didn’t want to have to worry about them getting into chemicals. $8 on the plants, not counting the seeds I tried to grow, but were destroyed (I only have so many high shelves). $20 to revamp the drip irrigation because my kids flip out when I try watering with the hose. So, saving money? Probably not. More of a hobby really.

    Reply

    • You don't have to follow other people's advice to save money (14)Hannah @ Eat, Drink and Save Money says

      Gosh! That stuff does add up fast! As long as you enjoy it, it’s worth it though. I really want to try tomatoes. I never plant them at the right time here. It’s so hot here all the time that I always miss the opportunity. Any tips?

      Reply

  7. You don't have to follow other people's advice to save money (15)Tanya @ Motherly Adventures says

    The grocery bills have also been much higher for us lately. Price of food, especially produce and meat, has skyrocketed. I try to to buy my meat and fish at Costco because they typically have good prices. I’ll cut everything up and then freeze everything. It requires spending more up front but cheaper in the long run.

    Reply

  8. You don't have to follow other people's advice to save money (16)The Personal Economist says

    Totally agree. I see posts for make your own washing detergent and tomato paste and think – no chance! I’ve got 2 kids (6 and 7) and work 30 hours a week – I’ve got better things to do. Although we live in Australia and it may be different, we save about 25% by shopping at Aldi rather than the ‘traditional’ supermarkets, so hopefully you won’t have to wait too long.

    Reply

    • You don't have to follow other people's advice to save money (17)Hannah @ Eat, Drink and Save Money says

      I’ve got better things to do too!

      I am SO excited about Aldi. You have no idea!

      Reply

  9. You don't have to follow other people's advice to save money (18)Katie says

    Preach it sista! Some ideas are all well and good, but it has to work for you. I’d love to do all of those things – I can bake my own bread once in awhile, but I certainly would have no place to store 100 lbs. of flour (ha!). With the price of meat these days (although milk has gone down!) it is hard to get a grocery budget under $150 a month. I just recently started going to Aldi and some things definitely were a bit cheaper there, however, I did happen to notice when I bought a can of generic Pam there, it cost less but it had an ounce less than my generic can from Wegmans. Lesson to be learned – compare prices AND sizes AND unit price. Have fun trying to save – I really enjoy the realistic view of this post! :)

    Reply

  10. You don't have to follow other people's advice to save money (19)Jen @ Frugal Millennial says

    I completely agree that what’s right for one person isn’t always right for another! It’s important to do what works for you!

    Reply

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You don't have to follow other people's advice to save money (2024)

FAQs

You don't have to follow other people's advice to save money? ›

Here's the takeaway: don't follow someone else's plan for saving money. Make your own plan. Do your research to see what other people are doing, but when it comes to making your own plan, do what makes you happy. Don't cut out cable if you love it.

What is the golden rule of saving money? ›

Ensure that you save a minimum of 10% of your income every month. It can be that simple! But don't put it in a piggy bank. Idle money in a piggy bank doesn't grow.

How do you advice someone to save money? ›

General Savings Tips
  1. An emergency fund is a must. ...
  2. Establish your budget. ...
  3. Budget with cash and envelopes. ...
  4. Don't just save money, save for your future. ...
  5. Save automatically. ...
  6. 'Start Small. ...
  7. Start saving for your retirement as early as possible. ...
  8. Take full advantage of employer matches to your retirement plan.

Which strategy will help you save the most money? ›

The 5 Most Effective Strategies To Save Money For The Future
  • Set Your Goals Early On. Setting a financial goal early on will boost you to stick to your savings plan. ...
  • Understand Your Cash Flows. ...
  • Open a Savings Account. ...
  • Rethink Debit Cards. ...
  • Monitoring Your Spending. ...
  • Revise Your Emergency Fund.

Why people don t want to save money? ›

One of the most common reasons is that you might not have a good enough reason to save. Maybe you're overly focused on the present, or maybe you simply don't know what you want in the future. Either way, you need to get a vision for what you want to achieve with your money.

What is the golden rule of saving? ›

An approach to optimum saving is to find the saving rate that maximizes consumption per capita in the steady state. This saving rate is the “golden-rule” saving rate. A lower saving rate would reduce long-run steady-state consumption per capita, but would imply higher consumption in the short run.

What is the rule #1 of money? ›

Chief among them, of course, is Rule #1: “Don't lose money.”

What is a wise saying about saving money? ›

Do not save what is left after spending, but spend what is left after saving”.

What is the trick to saving money? ›

Set savings goals

One of the best ways to save money is to set a goal. Start by thinking about what you might want to save for—both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you'll need and how long it might take you to save it.

What the best advice for someone who is struggling financially? ›

15 Tips for Helping Someone Struggling Financially
  • Give money free and clear. ...
  • Teach your friend to budget. ...
  • Share smart finance apps. ...
  • Help set healthy “helping” boundaries. ...
  • Provide information about financial support groups. ...
  • Find free workshops. ...
  • Suggest a consolidated debt management plan.
Oct 18, 2023

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

What is the biggest factor in your ability to save money? ›

Understand your income and expenses. Your ability to save is related to the gap between your income and your expenses. If there is no gap, you may find yourself living paycheck-to-paycheck or relying on credit cards to get by.

Do poor people save money? ›

“A common misconception is that people who are poor or have low incomes can't save,” she said. “Evidence from savings programs and research shows they can.” McKernan and the other experts we spoke to for this piece provided some steps for people with smaller incomes to start building their savings.

Is it okay to not save money? ›

Key Takeaways

Whether for retirement or an emergency fund, it's good for everyone to save money each month, regardless of age. But individual situations differ.

Do people regret not saving money? ›

The majority of U.S. adults have regrets about their financial choices, from not saving enough for emergencies to missing out on opportunities to invest, according to recent poll results.

What is the Golden Rule for money? ›

It's a simple rule, but it's still the most potent piece of money wisdom: don't spend more than you earn. Living within your means is a sure-fire way to stay out of debt, avoid creeping interest costs and create financial stability.

What is the number one rule for saving money? ›

Key Takeaways

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

What is the 80 20 rule in saving money? ›

The 80/20 rule breaks out putting 20% of your income toward savings (paying yourself) and 80% toward everything else. Once you've adjusted to that 20% or a number you're comfortable with saving, set up automatic payments to ensure you stick to it.

What is Rule 72 in savings? ›

Do you know the Rule of 72? It's an easy way to calculate just how long it's going to take for your money to double. Just take the number 72 and divide it by the interest rate you hope to earn. That number gives you the approximate number of years it will take for your investment to double.

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