Advertising

15 Money-Saving Hacks We Can All Learn From Our Mums

Advertising
15 Money-Saving Hacks We Can All Learn From Our Mums

1. Make do and mend

My mum is a one for making weird tube tops and horribly unfashionable dresses (or sacks…) out of old sheets. Maybe you’re not a dab hand with a needle and thread but I bet you can cut your old jeans into a new pair of hawt to trawt shorts, eh? They look way more unique, no one else will be wearing them, you’ve saved an arm and a leg and you’ve been a green citizen, all in a stroke of the scissors.

2. Bulk buy

Remember rolling your eyes at the pack of 15 toilet rolls your mum stuffed into the car boot? Well you may be the new nutter on the block with your crate deliveries of 50 tins of beans, but you’ll have more money in your pocket and you’ll never be caught short on the loo again.

3. Just keep walking

Remember those endless journeys, Mum’s empty promises of ‘just around the corner’, the constant ‘are we there yet?’s as you trekked towards a destination that should have been a ten minute drive? These days, we jump on a tube for one stop on the line (it’s genuinely quicker just to walk down the road most of the time) and that’s an expensive trip. So get your free on and take a walk in your mum’s footsteps.

Advertising

4. Nom nom, time for some tasty leftovers

The phrase ‘waste not want not’ is a permanent motto in my mum’s kitchen and bread mould is no match for a sharp knife. There’s something to be said for leftovers, ladies and gents. Don’t throw them away – drag out your golden god pasta bakes and your meatilicious lasagnas for lunches and dinners all week long if you want to avoid the dreaded total on your supermarket receipt.

5. A little bit of Lidl

I think every mum has a soft spot for a bit of bargain hunting, an excitement overload when the shelf price is below a pound, and all mum’s are fools for 3for2s and half price deals. We all love those crazy German cereals, those big yellow prices on the shelves, the questionable vodka bottles for under £5 (it all tastes the same once you’ve added some fifty pence a litre cola). And I’m only exaggerating a little folks. Lidl is the place to save your pennies.

6. Share your baths

We’ve all screamed at our mums for plonking our naked siblings in the bath beside us in those long lost times of yore, but did she have it right? I know, we’re not in the Victorian times, but I mean come on, how dirty are you? Leave the bath in for your housemates or, hey, why not have a sexy naked night in with your partner? Either way, forget about those water bill nerves.

Advertising

7. Bodge it

My mum with a screwdriver is a scary sight – so why not provide some free entertainment, and potentially, if you’re really really lucky, a free fix, and do it yourself? Sometimes, the perfections lie in the imperfections (or maybe that’s just how I like to think of it…) But folks, if you can fix it yourself, do it – save money, make your house your home, have pride in your work. And if it all goes to hell, well, it’s a funny story for later.

8. Make friends

My mum happens to be very good at this one. The ex husband’s sister’s boyfriend of Mary wotsit down the road is a painter, and he’s doing the house on the cheap because good old Mum is such an old friend… kinda… Isn’t that nice of him? Isn’t that nice for your bank account, too?

9. Show some self-restraint

Now this is a quality my mum entirely lacks, and hence the lesson that has stuck with me the hardest. When your mum comes home with a new handbag every day, a different pair of boots in a slightly different shade of black to the last pair, it’s all alarm bells that echo way into your adult life. Don’t throw your money away.

Advertising

10. Grow your own

Maybe your mum’s not as hipster as mine, but a herb box is always part of her garden. And it always saves us on ingredients. Grow your own veg and herbs and never go without again – it’s always economical when you can sustain yourself. Bear Grylls style, eh?

11. Pay your belongings some respect

My mum is always gasping when I drop my phone (which happens a few times a day) and rarely lends me her stuff (I wonder why…) She treats her books like prized artifacts, refusing to throw any away (EVER) and has trinkets and earrings that have survived even the eighties (a feat in itself). Unlike half of my friends, she will never, ever leave her phone in a taxi. And this will save her lots of money (oh how we have all learnt that the hard way…)

12. Manage your own books

It’s definitely a mum thing – a little notebook with numbers scribbled all over. Yours can be a spreadsheet on Excel but my mum will always be a pen and paper gal. She notes down every single transaction she makes and checks the figures against her bank statement. Good luck, fraudsters and con artists. My mum is on your case.

Advertising

13. A holiday is only a click, another click and a few hundred more websites away

Research can be key to saving your pennies. My savvy mother has trawled the internet for the cheapest getaways many a time. There’s a World Wide Web out there, folks, full of comparison sites and Google Shopping pages (sort by lowest price first? Yes please). So don’t splash out on the first thing you see, follow Mum’s virtual footsteps and do your research.

14. Be generous

This one may seem counterproductive, but mums everywhere will preach the same old pearls of wisdom: you get back what you put in. Help a friend in need with a cash loan and you never know how grateful they’ll be a few years down the line. Invest a large sum across companies and you could earn some impressive profits. Life’s a lottery so let’s give it all we’ve got.

15. Don’t forget that the best things in life are free

If my mum taught me anything, it was not to worry about money. Go for a picnic if you can’t afford a big meal. Enjoy the little things in life and remember – you can always make more money. It’s those memories rather than the pounds that will keep you going when you’re old and grey, and remembering all that sound advice your dear mum passed on. So thanks for all the help, my wise old ma, who has never cost me a single penny but is worth a million and more.

Advertising

Featured photo credit: Compfight via static.flickr.com

More by this author

10 Tricks To Cheat Cold Weather 15 things that hit you when you leave South East Asia, Lifehack 15 things that hit you when you leave South East Asia Why You Shouldn’t Be Afraid Of Solo Travel 22 signs that you're a massive hoarder, Lifehack 22 Signs You’re a Massive Hoarder 8 things to remember when you clean out your closet, Lifehack 8 Things to Remember When You Clear Out Your Closet

Trending in Money

1 How To Achieve Financial Freedom With the Right Mindset 2 Financial Freedom is Not a Fantasy: 9 Secrets to Get You There 3 40 Healthy And Really Delicious Meals You Can Make Under $5 4 Life Insurance: A Secure Way To Protect Your Future. 5 How To Save Money On Groceries: 13 Quick Tips

Read Next

Advertising
Advertising

Published on November 8, 2021

How To Achieve Financial Freedom With the Right Mindset

Advertising
How To Achieve Financial Freedom With the Right Mindset

What would being financially free mean to you? Have you made the mistake of thinking that financial freedom requires millions of dollars and decades of hard work? When it comes to our relationship to money, the answers really lie in our mindset. Change your mindset around money and your entire financial outlook will change with it.

And no: we’re not talking about putting a check for a million dollars under your pillow at night. This is about you becoming a financially free person, in whatever capacity you choose. And that’s really the key: it needs to be defined by you. So many people outsource this responsibility to society/celebrities/the government etc… and as a result never achieve it.

What if you could identify what financial freedom looks like for you, realize that it is possible to get there in a matter of a few months and then build a road map to do just that?

Read on, because that’s what we’re going to open you up to. This isn’t about giving you specific strategies “guaranteed to work in five minutes or your money back…blah blah.” This is about awakening you to just how powerful you are, where your blocks lie and how to smash through them effectively.

Financial Freedom – What is it?

Well like I said: I’m not going to define this for you. That misses the whole point of this article, but let’s lay out some ideas to get you started.

Typically, when we talk about financial freedom in the west, we really mean: freedom from needing to work, in order to meet financial obligations. We know that there has been a rise in depression amongst nine-to-fivers, 62% as a matter of fact between 2019 and 2020 in the USA.[1] It’s therefore no wonder that there has been correlative uptick in the search for alternative solutions to finances.

This depression is largely as a result of feeling trapped, unable to realize potential and being denied opportunity. It is also likely that, thanks to a more global world and social media: we see just how abundant life can be for some; like a carrot dangled tantalisingly close, but just out of reach. We yearn for more meaning in our lives, more excitement and to be able to live on our terms.

Advertising

Finances are (as we see it) the stumbling block and the preserve of the chosen few…not us.

So to start building an accurate picture of what financial freedom would be for you, begin with what your life would look like if you didn’t have to worry about money. How would you feel if you didn’t have to consider your monthly budget, when putting your hand in your pocket to pay for lunch?

The point is that a lot of the stress and resulting depression that comes from feeling like a ‘wage-slave’ is down to our lack of clarity on what we actually want. We get caught, focussing on what we lack and that perpetuates a mindset of lack that very quickly is reflected in our reality. We are allowing our subconscious, emotional mind to be bombarded with imagery every day that reenforces a sense that we aren’t good enough. That we do not have what it takes.

That wouldn’t happen though if we had done the work of pinning down exactly what we wanted in the first place.

Does Financial Freedom Come at Extreme Levels of Net Worth?

There is a tendency, thanks again largely to how we are conditioned through media, to think that financial freedom only comes at extreme levels of net worth. What if I told you that is completely ill-founded and untrue?

Using the standard/assumed definition of financial freedom for a moment; this means that you need enough capital to generate a return that is greater than, or equal to your monthly expenditure. That doesn’t necessarily tell the full picture, but nevertheless; it’s is a good place to start.

If your monthly outgoings (mortgage, bills etc…) come to $3,000 for argument’s sake, you can achieve that with as little as $108,000 invested over three years.[2]

Advertising

Hardly the millions you had probably envisioned is it?

Remember: we’re not talking about you living a lavish lifestyle necessarily. If that is what you want; fantastic, it’s certainly achievable, but what we’re getting at here is your ability to meet all of your financial obligations without having to work.

I’m sure you’re unlikely to find $108,000 down the back of your couch, but it is a figure that is well within reach of most working adults. A $36,000 salary opens you up to borrowing that kind of money, and even if you have to continue working in the short term in order to service the debt and keep up with your bills; you’ll have a clear end goal in sight.

And you’ll have doubled your income in the meantime, for the same amount of work!

How To Achieve Financial Freedom With the Right Mindset

As we touched on earlier, coming at your life from a space of ‘lack’ simply perpetuates more of the same. As I always say: your environment doesn’t lie. Look around you, if you’re dissatisfied with any aspect of your life, you first need to accept responsibility for it. If you don’t, you’re abdicating your power to make new choices.

You may well have been the victim of circumstance in the past, but how you respond and what you do with that experience is up to you. If you choose to look for the positive, however minor it might be in any given situation – your experience of life will begin to change.

This is, in essence, what The Law of Attraction is all about. What lies behind it is your reticular activating system (RAS). The part of your brain designed to filter out the (as it sees it) unless information, highlight the important information and prioritize your safety. Thanks to it being part of your primeval/‘lizard’ brain however, it predates the conscious mind, intellect and reason.

Advertising

The issue for a lot of us is that we haven’t understood how to communicate in a way that our RAS understands. We can’t translate our conscious desires and are therefore caught in a loop between two incongruous forces.

Our subconscious wants us to be alive and it bases its criteria for this, largely on the principal of: same = safe. Meanwhile, your quality of life, passive income, work/life balance etc… are inconsequential. That part of your mind doesn’t give a hoot about the utility bill or being able to afford a holiday.

It is perfectly possible to show you subconscious/RAS the benefits of financial freedom though, or indeed any other outcome you’d like to see in your life. You just have to speak its language. Becoming debt free and financially free is actually one of the easiest things you can communicate to your subconscious, because you have so much ‘real-world’ experience with money.

Here’s how:

  1. Start by clearing your mind and being present – find a meditation, visualization or breathing exercise that calms your mind, allows you to focus on the present moment and become an observer of your surroundings. The point of this is to stop all of those thoughts buzzing around in your head that are pulling you back to the past, or projecting you into an imagined future.
  2. Then build a mental movie or slideshow of what your average day would look like, were you to achieve financial freedom. We’re not talking about big occasions, huge wins or events; just an average day.
  3. From your position of present observer – start to observe the feelings that arise as you go about this average day in your new life. Do you feel your shoulders relax and drop? Have you got excited ‘butterflies’ in your stomach? Are you smiling more?

Learn to recall these feelings at will – this will connect the dots for your RAS and you will soon start noticing a shift. Think of it as connecting with your desired future and pulling it into/towards your present.

Bonus Hack – Practice Gratitude

We’ve already discussed how you can start attracting/observing the opportunities that will enable you to achieve financial freedom. This involves a lot of work in order to finesse, but the principals are easy enough to understand. Something that we can all do, no matter what we’re trying to achieve, is practice gratitude.

Using the same principals that I’ve outlined above: something of a ‘catch-all’ that we can train our minds to produce more of, is gratitude. If we can shift our mindset so that the next time some negative, external and unforeseen event occurs, we are still able to be grateful for it; your entire experience will shift.

Advertising

Not only will you observe more to be grateful for all around you on a daily basis, but you will shift out of a mindset of ‘lack’. All of the barriers that stood in your way before (not enough capital, stuck in a job I hate etc…) they will shift to becoming things that support your desires and goals.

For example:

The job you hate, when reframed as the means to support a transitional stage of your life (i.e. enabling you to borrow money to invest) suddenly gives you a resource to be grateful for.

The added beauty of this is that your RAS doesn’t know the difference between a big win and a small win. You being truly, deeply grateful for your socks (for example) carries the same weight as being grateful for your health, or your spouse. This is why I say “practice” gratitude. You can start whenever you want!

Look around you right now and find something that you really are grateful for, no matter how small and seemingly inconsequential.

Practicing this will create a snowball effect. Much quicker than you might think: you’ll be overwhelmed with gratitude for your life and all that’s in it.

In Summary

Financial freedom is more within your reach than you probably think or feel. Understand that the limits you’re assuming to be there are largely a product of your subconscious mind, having been drip-fed evidence of that over the course of your lifetime. Changing that might take a lot of effort in the short-term, like cranking over an old car, but the effects will begin to build up quickly and self-perpetuate.

Advertising

Apply this mindset to your financial situation and you will find that it too will begin to ‘snowball’. Financial freedom is closer than you think, so start looking for it today!

Featured photo credit: Pepi Stojanovski via unsplash.com

Reference

Read Next