{"id":7829,"date":"2020-11-23T09:17:23","date_gmt":"2020-11-23T09:17:23","guid":{"rendered":"https:\/\/farmandanimals.com\/?p=7829"},"modified":"2023-01-31T23:47:13","modified_gmt":"2023-01-31T23:47:13","slug":"frugal-living-on-a-farm","status":"publish","type":"post","link":"https:\/\/farmandanimals.com\/frugal-living-on-a-farm\/","title":{"rendered":"What You Need To Know About Frugal Living On A Farm?"},"content":{"rendered":"

Frugality is always a good idea. When you practice the principles of frugal living, you can make the most of your resources, save for a rainy day and live happily in the here and now. In these challenging times, frugality is a virtue whether you live in the city or on a farm<\/a>. In this article, we’ll share some smart tips for frugal living on a farm. Read on to learn more.<\/p>\n

15 Tips For Frugal Living<\/h2>\n

\"tips<\/p>\n

1. Save Consistently<\/h3>\n

One of the first steps toward successful frugal living is to decide how much you can save and commit to doing so. Whether you start out with an empty coffee can, a safety deposit box or savings account is up to you. Just be sure to set an amount that is significant, reasonable and consistent.<\/p>\n

If you do start out squirreling away a few dollars at a time at home, understand that this is a short-term solution. You don’t want to have large amounts of cash sitting around for a couple of reasons.<\/p>\n

    \n
  1. First, money hidden in your home is subject to theft and destruction.<\/li>\n
  2. Second, cash stowed away in a secret hiding place cannot earn work for you by earning interest.<\/li>\n<\/ol>\n

    Once you have a significant amount of money saved, you should make it a point to open a savings account so that you have a good clear record of your money, the ability to earn a bit of interest and some guarantee that it will still be there even in the event of natural disaster.<\/p>\n

    You’ll also find that if your money is secured in a bank and you have to go through several steps to get it, you will be far less likely to draw on it unless you have a real emergency or genuine need.<\/p>\n

    As you learn to live frugally, strive to pay off any debt that you may have and strongly avoid creating any new debt.<\/p>\n

    2. Create A Reasonable Budget<\/h3>\n

    At the outset, go over your monthly expenses and figure out exactly where you are spending money and where you can reduce or eliminate expenses. Write out a new budget, review it with your family members and then post it in a prominent position for all to follow.<\/p>\n

    When you budget, be sure to set aside a little money for entertainment, fun and games. There are plenty of things you can do with your family for free, such as reading aloud, playing games, going for walks, bike rides, fishing trips, picnicking, camping, visiting the library and much more.<\/p>\n

    Even so, it’s nice to have a dinner out, go to a movie (or in these pandemic days order a pizza and rent a movie online) at least once a month.<\/p>\n

    When you’re learning how to can your fruits and veggies, make it a point to learn how to make jellies and jams as well. Homegrown, homemade canned goods, jams and jellies make excellent special occasion gifts.<\/p>\n

    3. Make Good Use Of Your Resources<\/h3>\n

    In addition to making wise use of the money you have, you should also cultivate your other resources. Living on a farm<\/a>, you have many opportunities to save money by growing your own food, gathering eggs, milking your dairy cow or goats, slaughtering livestock and perhaps even hunting.<\/p>\n

    You may also be able to save money by providing your own heating with wood harvested from your own land. Remember that chores like chopping wood and farming are good exercise and have the potential to improve your overall health and well-being, saving you money on trips to the doctor.<\/p>\n

    4. Manage Your Space Effectively<\/h3>\n

    Even if you are an urban farmer or homesteader, you can grow quite a bit of food in a small space. A standard family garden in a small backyard can produce a large harvest. It’s even possible to grow significant amount of produce on an apartment rooftop, patio or balcony.<\/p>\n

    If you live on a small country homestead, you can grow a significant amount of food in your veggie garden.<\/p>\n

    Keeping just a couple of dairy goats and a small flock of laying hens can contribute significantly to your family\u2019s food resources. Raising one hog a year and\/or harvesting one good deer or wild boar can keep your family in meat for quite a while.<\/p>\n

    For produce that you cannot grow on your own property, look for good deals in season. You can get some great buys on produce in season at farmers\u2018 markets or at your local grocery store. Buy it in bulk and preserve it by dehydrating, canning or freezing.<\/p>\n

    5. Garden Smarter, Not Harder<\/h3>\n