Ask any household – no matter how wealthy – about finances and most will tell you they wish they could spend less. But the truth is, if you want to be more frugal than the average person, it doesn’t take much. Some dedication and a little investment of money and time are all you need. In today’s guide, we’re going to reveal ten skills that everyone should consider learning. They will help you save a lot of money around the house, and, who knows? Perhaps you might even end up making money from your new skills! Let’s take a closer look at some of your options.
Let’s start with the most obvious thing to learn that will bring economic benefits – better planning. Now, there is a strong case that household financial planning should be taught in schools. But, while there are some exceptions, it isn’t a skill we equip our younger citizens with – which is a shame. However, it doesn’t take much to learn about better financial planning. It’s a simple case of prioritizing your outgoings so you use your money wisely. Take a look online, and you will find hundreds – if not thousands – of resources to help you plan your finances. They can help you clear your debts, budget your money, and even get you saving.
Spending a small fortune on ready meals and take outs from your local eateries? If so, you are probably spending three or four times more on food than you should be each year. If you can learn to cook with fresh food, from scratch, you will save an incredible amount of money – perhaps hundreds of dollars a month. Not only that, of course, but there are some amazing health benefits, too. In fact, the simple act of learning to cook can save you a lot of money on groceries, and also from your medical insurance premiums. What’s not to like about that?
Gardens can help you save a lot of money, as long as you are prepared to spend some time tending them. You can grow seasonal veggies and herbs that will save you money on your grocery bill. You can grow indoor plants, meaning you can save money on expensive air purification devices. And there is a lot of evidence to suggest that having lots of plants around the home makes you happier. So, not only will those gardening skills save you money, but they can also help limit the damage of stress or depression.
Take a look around your home right now, and there are likely to be hundreds of devices that use electronics. You own each of them for specific reasons, but they often break. Most families will just toss the broken equipment out, or send it to a repair store for fixing. But the trouble is, each of these solutions ends up costing you money. Repairs can be expensive, and replacements can cost you more than an arm and a leg. The alternative is to learn some basic electronics yourself. You will be amazed at the household devices you can repair yourself with a little knowledge of resistors and circuits. It’s not hard to learn enough to fix a broken remote control or even an old stereo system. And, there might never be a need to spend more on an expensive replacement ever again.
DIY skills will help you save a lot of money. Just think about the number of times you have hired a plumber, handed over 100%, and they have changed a simple tap washer. If you can rely on your learned skills, you just won’t have to pay a professional top whack to fix minor problems. There are some exceptions, of course. Your electrical system should be left to the pros unless you have the right qualifications. But for general maintenance and the odd renovation, it can save you a fortune.
General craft skills can save you a fortune over the course of your lifetime, too. For a good example of this, head down to your local furniture store and have a good look around. Those shabby chic closets and dressers cost anything upwards of $3-400. But you can pick something up from a thrift store for a 10% of the cost, and use some chalk paint and wax to create something even better. You can also repurpose furniture, create wonderful items from driftwood, and make every dollar stretch a lot further. And, if you are good enough, you could even start selling your creations on somewhere like Etsy.
How many clothes do you throw out every year? What about the bed sheets and pillow covers that get ripped every year? What do you do with your clothes when a button pops off? Only 20-30 years ago, people would never have dreamed about throwing things out for small issues like this. They would have fixed it themselves. Skills such as sewing, knitting, and jewelry making have, sadly, lost their appeal in many households these days. So, how about giving them the comeback, they deserve by taking a few courses or learning online? Not only will it help you stop throwing things away unnecessarily, but it’ll also help you make adjustments to clothes that no longer fit. In short, simple skills like these will save you a lot of credit card spending over the course of your life.
Want to know the best skill you can learn in life that will save you a fortune? It’s bartering. Once you have a lot of skills, why not offer them to others via a bartering deal? You scratch someone else’s back, they give you something in return. All your skills are currency, and you might be surprised how far they can take you. There are lots of bartering groups out there these days, too. See if there is one in your local community, and you might never have to pay for an expensive service again.
That’s all we have time for right now. We hope you can see the value of learning some of these essential skills. See what you can do, and you should save a considerable amount of money over the course of your lifetime. Good luck!