5 Money Tips I Took from the Amish

I believe that self-sufficiency saves money. And, in my never ending
quest to save more of my money every day, I started studying the Amish
— because there is no culture quite as self-sufficient as they are in
modern days. From my studies, I adopted some simple approaches to
business and personal finance that have helped me save even more,
through common sense and self-sufficiency.

Money Saving Tips I Took from the Amish
Amish people
live a very different lifestyle than you and I do. Their culture
encourages simplicity, sharing and community; cornerstones of effective
personal finance.

No. 1: I Pursue Simplicity

From the Amish, I learned that simple solutions to common problems are
usually cheaper and more effective than complex solutions. I applied
this to the cost of ownership. For example, buying a Mercedes might feed
my ego, but the cost of maintenance and upkeep on a luxury vehicle were
(for me) excessive. This is one reason I chose to drive a Hyndai.

No. 2: I Embrace My Community

I learned that utilizing family (and community) reduces costs for
large and small projects alike. Instead of hiring a contractor to lay
some flagstone in my garden, I asked some of my neighbors for help. In
return, I helped them lay flagstone for a new patio they were building
on the side of the house. Not only did this save money, but it helped me
build a stronger sense of community with my neighbors and was great
exercise to boot.

No. 3: I Maximize All of My Resources

I am a firm believer in reducing, reusing and recycling. I am also a
firm believer in repurposing. To that end, I am the queen of hand me
down items and giving things away for free. And my generosity has paid
off, because when I need something, there is always someone I can go to
who will provide me with whatever I need for free, or for a reduced
cost.

No. 4: I Believe in Doing It Myself

Over the years, I have learned that DIY projects save my money and
help me build new skills — something the Amish do quite well. I do most
of my own home repairs and improvements, I cook my meals at home
instead of dining out and I avoid paying someone else to do something I
can do for myself.

No. 5: I Avoid Taking on Debt

Debt can be an effective tool when it comes to leveraging my cash, but
it can also quickly become a costly trap. The Amish avoid debt, and so
do I. I only have one credit card, and I pay that card off at the end of
each grace period — so that I don’t have to worry about interest.

The Amish live a life of simplicity, and that leads to smart money
choices. Having taken my cues from the Amish way of life, I estimate
that I have saved over $3,500 a year, making a simple life (for me) one
that pays off.

More:

5 Things Every Homebuyer Needs to Know About Locking a Mortgage Rate

Home Decorating on a Dime

I Paid Off $45,000 in Debt in 12 Months

About the Author

Shauna Zamarripa

One Comment

  • Anonymous said:
    January 20, 2014 at 3:32 pm

    In every game you start off with three starter Pokemon to choose from, fight a
    rival who picks the counter to your starter, beat gym leaders and travel through caves and grass where trainers just
    lie around waiting to do battle. For moms and dads who want exposure for their kids talents,
    Explore Talent is a smart choice to help represent them. # This config item must
    be copied to # the client config file as well.

    my web blog … telecharger Pokemon x et y gratuit

Leave a Reply