10 Ways To Save Money in a Recession
Millennials who entered the workforce around 2008 know a thing or two about surviving a recession. Case in point: TikTok user @juliaa120230 — also known as Julia —who shared a series of “ethical” ways to save money during a recession (this followed a series of “unethical” ways to save money, which are highly entertaining). We combed through some of her (and her followers’) best tips for keeping your cash close when the economy tanks.
1. Go to a Beauty School Instead of a Hairdresser
Sure, beauty school students might take a little longer to cut your hair, but it’ll be significantly cheaper — and you’re helping them learn their craft. Just remember to still tip!
2. Keep Your Gas Tank Half Full
Maintaining your car’s gas levels above the halfway marker at all times might be overkill, but at least aim for above the quarter-full mark. The closer your gas tank is to empty, the greater the risk of damaging your fuel pump might be.
3. Use the Oven Wisely
Julia advises doing the majority of baking in the oven during the winter to help warm the house. In the summer, try to limit your oven use and instead take advantage of the stovetop or grill outside.
5. Turn Trash Into Treasure
Sure, it’s not for everyone, but dumpster diving and trash picking can elicit some great finds. Julia says the best times and places to try it are on college campuses during move-out week and in rich neighborhoods the night before trash day. “They just throw stuff away because they can’t be bothered with Facebook Marketplace,” she notes.
6. Use Washcloths Instead of Paper Towels
You know those inexpensive washcloths at Walmart? Buy an 18-pack and use them instead of paper towels, then wash them for reuse.
7. Email Companies for Appliance Replacements
Did a household appliance break after its warranty period ran out? Email the company and see what they can do for you. Julia notes that they could send a replacement if it’s within one year of you purchasing the product.
4. Use Grocery Store Apps
Clipping coupons is crucial during a recession. When you get to the grocery store, open up the related grocery store app, take a look at their sales, and clip any coupons that can apply to you.
8. Learn Basic Car Repairs
One commenter gave this advice, noting that “changing your windshield wipers or headlight bulbs is way cheaper than having a shop do it.”
9. Take Advantage of Your Local Library
If you don’t already have a library card, now is a great time to get one. Not only can you take out books, but libraries will often feature free passes to local museums and other discounted entertainment.
10. Try Food Waste Apps
If buying groceries on sale is still a stretch, try food waste apps like Too Good To Go. These apps allows you to “rescue” surplus food from restaurants that would otherwise be thrown out at a much more affordable price.