Practical Frugal Lessons Our Parents Taught Us

In this video, we share practical, frugal lessons our parents taught us.

Rising inflation and soaring prices have a lot of people questioning we can learn from generations who went through trying times.

Mom and Dad lived through The Great Depression and the rationing of World War II, forever changing the way that they viewed and handled money.

Living frugally is about more than learning to save money. It's about a lifestyle of planning ahead, buying quality (instead of quantity), and being thankful. Mom and Dad not only saved money, they taught us how to care for others in meaningful ways, take care of family, and work hard (and then rest).


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We're Hope and Larry and we raised our four sons, debt-free, including paying cash for our home (when our salary averaged less than $40,000). For tips on saving money, budgeting, paying off debt, and setting goals (while living with a spirit of joy and abundance), subscribe to us here on YouTube and visit us at our website and on social media.

DISCLAIMER:
Views expressed in this video are solely those of Under the Median and do not reflect those of Creekmur Asset Management, LLC (CAM LLC). Investment advisory services offered only by duly registered individuals through Creekmur Asset Management, LLC (CAM LLC), a Registered Investment Adviser. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

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[CreepingThyme]

IPhone 6s, 2013 car, dumb tv and Proud of it because I’M DEBT FREE!

[megb]

What stands out to me is the gratefulness Mom and Dad had for the things in life that they did have! I recently learned some of that gratefulness and feel so much more contentment with obtaining the simple joys of life. The joys of simple food, clothing, shelter, and family are priceless. Be happy with what you have.

[bluefoxblitz]

My Grandmother always saved wrapping paper and so did my mum. I went to a birthday party when I was 6 and ended up in tears because I couldn't take the wrapping paper home. Traumatized for life. When we cleaned out nannas house after she died, her cupboards were stuffed with used wrapping paper.

[michelleraney]

They lived by the well known saying, "Use it up, Wear it out, Make it do, or do without." My grandmother was born in 1920. She was always extremely frugal. We all thought she had what she needed, but not a lot of extra money. When she died 6 years ago we found out she had almost $200, 000 in the bank! I miss her everyday!

[carlenegilstrap]

My 2 aunts married 2 brothers too. My parents grew up during the Depression. Fast food growing up was eating out of the boot of the car from a cooler at a roadside park table.

[janfoster]

Sounds as if Mom and Dad were not only frugal, they were environmentalists. Nice how well those two blend together.

[traceyobrien]

While I have liked many of your videos, this is the one that has been the most thought-provoking for me. Not only were Larry's parents very good about frugality, but they also showed by example such things as priorities and what is truly important in life.

[samanthahardy]

I'm in the UK and remember my mother darning all our socks, including my father's as money was tight in our family. She used old panty hose stuffed with over darned old socks that couldn't be worn anymore to use as draught stoppers. My father used to go dumpster diving and found a lot of household items which needed minor repairs to them. Everything from vaccuum cleaners to irons and washing machines. My father was an electrician and my mother called him tight for never buying anything new. However, I always classed my father as frugal. His parents were poor by todays standards and I remember my grandmother having a couple of ducks in her back yard. I stayed with her for a while when I was pregnant with my first child and as nobody was eating the duck eggs I came up with a plan to help my grandmother. I went to the local market and went to the meat stall plus the fruit and veg stall and negotiated a barter to exchange for the duck eggs. As I was heavily pregnant at the time I couldn't carry all the meat and produce back to my grandmother's house and one of the stall holders offered to drive me back. When we got to my grandmother's house and off loaded the items we had batered for my grandmother asked me as a joke if I had started exchanging favors with a soldier. She grew up during WW2 and I got the joke. It was about the only time she ever made a joke about anything. I really miss her and wish I was able to have a couple of ducks in a yard but don't have a yard. I hate throwing out vegetable peelings as they could feed the ducks just like my grandmother used to do. I miss my grandmother and my father but I learned a lot from them. My mother and daughter have, to a certain extent called me tight like my father and grandmother but I consider myself as frugal and don't live beyond my means like I used to. Now if finances are a struggle I think to myself, "What would my father and grandmother do?" My grandmother always went by the principle of, "If you need it, you will save up for it. If you can't save up for it then you don't need it." My father went by the principle of, "If something is broken, then fix it. If you can't fix it, then get another one second hand that does work." My mother's principle is, " If you can make it yourself then make it. If you don't know how to make it, then buy it when you have saved up for it, otherwise you don't need it."

[sallydunba]

When company came over, Dad would say "FHB" which meant "Family Hold Back"! Hold down your helpings to make sure guests had enough to eat! Lol, it worked perfectly! Dad worked 3 jobs at times to cover expenses, he farmed full time and had a factory job and helped a local manufacturer as well. Hard worker who supported 8 kids and an ill wife. Oh how I miss my parents. Great tribute to your parents!

[LizKrause]

The problem with things these days is it’s hard to know what is good quality. Even more costly items don’t last as long as they used to. Things are made to break so you have to buy it again in a couple years

[sheilafreisthler]

My brothers wore hand me downs. Being the only girl, I had more “new” clothes, but they were made by my mom.

[ayela]

My grandfather was a WW2 veteran. He became an amputee during the war at 18 years old. Once he recovered he married my grandmother and started a full time career at 20. He never missed one day of work in his entire career. They were frugal and stayed in their first little home their whole married lives. The were hard working and humble and lived very comfortably in their old age because of their hard work. I miss them so 🥲.

[caroldolan]

My dad was also born in 1921, mom in 23 so the whole depression and war was a major influence that trickled down to me. Something I will always be thankful for. When I was in high school I wanted a pair of Frye boots for Christmas…they were $150. My mom said she would buy one! I bought the other with babysitting money that I squirreled away! Those boots were so well loved and cared for. My husband I I have 6 children, and having black belt frugal skills served me well!❤

[NinaKeilin]

The biggest thing I learned was avoiding debt. Save as much as you can.

[carolsmith]

My grandparents Carroll were the best. I sewed most of my kids clothes or got a thrift store. Always show the ads and watched for mark downs. I did a splurge on new horseshoes. My home only haves base board and floors are always cold. I got a washable lined good and goes up on my ankles. No more cold foot this winter. I have organized my pantry and freezer. I have food to last for quite a while and makes me feel good. I live on a not very big fixed income and always try to spend only what I need. Love you guys keep it up.

[andreaarias]

My dad used to add eucalyptus leaves, fresh off the tree to simmering water in a large pan on the stove during the fall and winter.
Now I do this, my home is fragrant, and the air is easy to breathe and moist in our dry climate.

[thereseheidelberger]

I love how you are honoring your parents! They sound like wonderful people. Thank you for sharing their stories.

[deniseeppard]

My mom taught me to write down the money you spent. Shopping at thrift stores and donating things you don't need any more. Garage sales shopping and having them. Dad worked 7 days a week for years and when they laid him off he found jobs to keep money coming. Staycations, library visits and local parks are fun things we did as a family. Making gifts for relatives at Christmas time. Just simple little things. Grandma gave all 84 grand children 1 pair of socks for Christmas every year. It is the thought not the cost of the gift. My Aunt showed me the envelope method for money.

[rh]

Library walk in the park, go for a drive, play piano & dance & sing together ❤.

[christinecassidy]

Proud owner of an iPhone SE! Plus, I still have my parents' first kitchen table they bought when they got married back in 1953. I, too now use it as a laundry table! When my parents passed, I inherited the home (which my father, a bricklayer built himself!) and all the furniture. I downsized a little and bought a new lamp here and there, but otherwise I'm refinishing most of the furniture which they bought in the 50s and the 80s. One of the parlor chairs broke, but I purchased some new straps for the seat and some carpenter's glue and plan on fixing it over the winter. Finally, I drive my father's car, a 2002 Mercury Grand Marquis, which is 19 years old! I have it serviced twice a year and it still runs great! My parents were born in the 1920s and like Larry's parents went through the Great Depression, so they taught me how to make do and mend. I love your channel and always look forward to new videos with frugal tips from the two of you. Thank you! Stay well!