Prepping isn’t cheap. You already know that stockpiling extra food on top of your monthly grocery list, getting special gear for your EDC and BOB, buying weapons and making sure your property is secure are additional expenses that can put serious strain on your pocket.
Any good prepper knows that money savviness is a vital skill to develop, frugal living is or should be a core skill of every prepper in a world that seems to be spending way more than it should.
You can save money by changing your spending habits little by little. Small adjustments to your daily expenditure can make a big difference to your overall financial health and leave more funds available for investing in more urgent commitments, such as prepping.
Cut Down on the Little Things
- Prepare your work lunch at home and pack it in a Tupperware. This way, you’ll be less tempted by overpriced cafeteria food and bakery goods.
- Eat before you head to the grocery store. You’d be surprised how much money you can waste on filling your trolley with snacks when you shop on an empty stomach.
- Quit smoking. Now. It’s an expensive, unhealthy habit that will set you back financially and put your health at risk. By giving up your daily pack, you can save enough to purchase more food for your stockpile or survival items for your BOB.
- Stock up your fridge with groceries, so that you won’t be tempted to order in.
- Make a habit of making coffee at home and taking it with you in a thermal flask. Your daily Starbucks adds up to around $4.50 per day. Think about how much you can save if you stick to the old French press.
- Avoid buying things in installments. Interest rates are often exorbitant and you’ll end up paying back much more than the product is worth.
- Have a yard sale and sell off your old stuff. You may have outdated gear lying around. Sell it to recover the initial costs and use your proceeds to purchase new, improved gadgets.
- The lottery is a pipe dream. You’re more likely to be struck by lightning that to strike the jackpot. Instead of wasting money on odds that will always be against you, invest your cash in supplies. Besides, when SHTF it won’t matter how much money you have.
- Cancel your cable subscription. Most people only watch about 17 programs regularly: why pay for the rest?
- Don’t become a fashion victim. Buy quality clothing instead of branded apparel.
- If your clothing is worn or needs some TLC, have it repair by a tailor instead of disposing of it and buying new stuff.
- Order online. Most online stores offer free shipping in the US. Plus, you’ll save yourself the expensive, time-consuming hassle of shopping at a mall. It’s best to view the item in-store before buying it online.
- When shopping, use comparison sites like pricegrabber.com to find the best prices on gear and gadgets.
- Reduce your phone bill by using Skype or Google Voice. Most people already have an account and you can make calls to anywhere in the world using the app. Keep your landline active, though, in case you need to make emergency calls during a crisis.
- Stick to plastic. ATM withdrawals carry hefty fees, making card payments a much cheaper option. But remember to keep cash in a safe hiding place at all times, because cards will be instantly useless when SHTF.
- Never pay full price for clothing. Shop at outlets and factory stores, or wait for the sales to grab amazing bargains.
- Get a prepaid phone. Contracts seem attractive, but they’re designed to rope you in. You can save a couple of hundred dollars a year by staying away from them.
- Download WhatsApp and Viber, low-cost ways of staying in touch with friends and family, especially when traveling abroad.
- Stay home. Instead of heading out to the bar for beers with your friends, invite them to your home. You can buy supplies at the local supermarket for the fraction of the price. If you do go out for the occasional drink, stick to happy hour.
- One evening at a nice restaurant can cost you the equivalent of a week’s worth of groceries, so try not to frequent them. Unless it’s special occasion.
- Coupons are your friends. You can score plenty of fresh fruit and vegetables, meats and fish for as little as $200 a month for two people if you use your coupons smartly.
- Walk or cycle whenever you can, because gas and bus tickets add up.
- Use less toothpaste and shampoo. Don’t be fooled by those commercials where they pour copious amounts of their product, you don’t need nearly that much. The trick to staying cavity-free is in how you brush, not in the amount of toothpaste you use.
Swap, Barter, Exchange
- Use your network. If you have a neighbor who farms organic beef, for example, he may give you a special price on meat cuts.
- Take turns babysitting, housesitting or pet sitting. Hiring these services can be pricey. It’s much cheaper to swap sitting duty with fellow parents or pet owners so you can enjoy peace of mind without spending a dime.
- Host a clothing swap with your friends and family. Most people have a bunch of perfectly good clothes they never wear and may be a great fit on you.
- If you live on a rented property or in an RV, offer to do odd jobs for your landlord in exchange for a lower rental.
- Get to know reps from weapon or ammo companies for access to great discounts.
- Keep a lookout for bulk deals at supermarkets. Larger quantities often qualify for great discounts and you can store half of it in your food stockpile, if it’s non-perishable.
- Discount and bulk-buying websites like Groupon are also good options for deals on goods and services.
- When cooking, try whipping up large batches and freezing the leftovers.
Use Your Assets
- Upskill yourself. Learn to bake and cook from scratch, rather than buying store-bought foods such as waffles, tortillas, frozen pizzas and pies. Home cooking is cheaper and far healthier.
- Read widely. Self-improvement and personal finance books will set you on the right path for a healthy financial future. Soon, saving will become second nature!
- Start exploring a supplementary income. You can devote time into doing a hobby you enjoy while making money on the side. Flex those entrepreneurial muscles by selling homemade products on Etsy or writing freelance pieces for magazines.
Around the House
- Make your own laundry soap and dishwasher detergent by the gallon. You’ll need inexpensive soap bars, water, washing soda and borax.
- Vinegar also makes a powerful cleaning agent. Add it to short cycle washes or use it to clean around the house. It’s a natural, less expensive way to do chores.
- Hand wash your dishes instead of using a dishwasher.
- Turn off the anti-sweat feature on your fridge to save 5-10% of its electricity consumption.
- Turn the heating down on winter nights to 58-60F and switch off the air conditioner on summer nights.
- Upgrade your light bulbs to the soft-glow energy-efficient kind. You can save $50 a year with this simple trick.
- Use a canister vacuum instead of one that contains bags.
- Reduce your household’s energy consumption by switching off all non-essential appliances, installing a geyser timer and turning off lights when you leave the room.
- Wash your car yourself. All you need is a vacuum, some leather conditioner and a bottle of wax.
- Hang your clothes out to dry in the sun, rather than use power-chewing tumble dryers.
- Homeschooling saves a huge amount on fees. The Internet is teeming with great resources on school subjects for all grades.
- Install a water-flow regulator in your shower head for instant savings. They cost between 10$ and 20$ and will slash up to 60% of your water bill.
- Extend the shelf life of your vegetables by lining your fridge’s crisper draw with paper towels to absorb moisture and delay rot.
- Slip a bay leaf into your flour, rice and pasta stores to keep weevils away.
- Keep your bananas in bunches until you need them. They’ll stay riper for longer.
- If your honey starts to crystallize, simply microwave it at medium heat for 30 second bursts until it clears.
- Brown sugar kept in the freezer does not harden; but if your sugar has already hardened, microwave it on high for 30 seconds.
- If carrots, celery or radishes have gone limp, you can get their crunch back by popping them into a bowl of iced water along with a slice of raw potato. Magic!
- You can tell if an egg is fresh by how it behaves in water. Good eggs sink, bad ones float.
- Plant fruit trees and make a habit of canning fresh produce.
- You can keep your herbs for longer by simply storing them in sealed Ziploc bags in the freezer. They’ll be easier to chop and will defrost as soon as you throw them in the pan.
- Raise your heirloom vegetables in seed trays stored on a shelving unit. This is a far more cost-effective option than building a greenhouse.
The Power of Negotiation
- Work up the guts to ask for a raise at work. Not only do you deserve it, but you’ll have more savings to put away thanks to your sharpened negotiation skills.
- Before you sign a rental lease, ask the landlord if there is a discount if you pay early each month. There’s no harm in asking and you’ll be surprised how many landlords agree to a monthly discount or a break from rental increases.
- Save all your $1 bills in a safe cache. You’ll be amazed at how much it adds up to each year. You can accumulate several thousand dollars if you do it consistently.
- Automate your bank account so that a portion of your paycheck is immediately transferred into your savings account. You’ll force yourself to save and live within your means.
- Stay on top of your insurance expenses. You’ll be surprised at how much money you can save by doing your research and shopping around for the most competitive premiums. Break everything down, customize your plan according to your unique needs and watch the savings grow.
- Plan your train and bus trips in advance and enjoy discounts of up to 80% on your fares.
- If you pay your state taxes early, you’ll be rewarded with a 10% discount. On the flipside, don’t be late with your payments, or you’ll receive a penalty fee of 2% per month.
Use the Three Pocket Rule: Pocket A contains your total monthly income from various work activities. Pocket B is your daily spending allowance.
Take the amount in Pocket A and divide it by the number of days in the current month. If, on the final day of the month, you haven’t spent all of Pocket B, the difference will constitute Pocket C.
These are your savings. You will use these to cover unforeseen expenses or in the event of an emergency. I recommend you store Pocket C in cash, if possible.
Want Even More Tips to Save Money on Your Preps?
There’s just so many of them, right? A penny here, a penny there… it all adds up. But if you want to know even more ways to save money, check out this other article on saving money as a homesteader.