RCS – Business Default

1. Frugality is NOT a bad thing

Many people equate frugality with stinginess, but of course they are not the same thing. Thrift means, above all, that before each purchase you seriously think about whether you really need the item or not and do not indulge in impulsive spending. It’s easiest for a person to develop frugality when he has less money – especially for the older generations, it is considered that they have maintained this attitude towards money through good and bad, i.e. even when the wallet was fuller.

2. Use what you have!

Today’s consumer society is based on the principle of ‘when something breaks, go to the store and buy a new one’. The advice of thrifty grandparents was much different – first check if the broken one can be repaired, only then think about buying a new product. And even in the case when the repair cannot be carried out, it is worth considering whether this thing/object can be used for another purpose. Grandfathers and grandmothers repaired many things and started the work themselves. The basic repairs that our apartment basically requires are not so demanding that we could not do them ourselves, either with the free help of a friend or with advice from a book or online.

3. Things can be used for more than just one purpose

This is especially true for clothing, certain types of dishes, furniture and the like. A T-shirt can thus become pajamas or a garment in which you will repaint the apartment when it is already a little worn. The cabinet may no longer be good for the hall, but it could be used to store some of the clutter in the garage. A dirty clay pot could perhaps become a flower pot with some creativity.

4. It is wise to avoid debt

It may sound unbelievable to avid credit card users and fans of short-term consumer loans, but there was a time when debt was undesirable. It used to be – if you don’t have money, you come up with plan B. If it’s life and death, you borrow cash from family or friends, otherwise you curtail your shopping habits as much as possible.

5. Used can be just as good as new

A concept that is not entirely familiar to the new generations. It can also apply to cars as well as technical products and even clothes, although ‘second hand’ shops never really took off in Europe.

6. Appearance and brand are not important

A Rolex is an expensive watch. But that doesn’t mean that some other one won’t measure time just as accurately. The same applies to electronic devices and other products that we buy with our eyes rather than on the basis of rational thinking. More attractive products are generally more expensive, although not necessarily of better quality.

7. Finding the best price pays off!

If comparing prices in catalogs seems like a waste of time to you, it is a good idea to compare the prices of related items before making a major purchase. In this way, you can save a lot of money, especially on the principle of ‘long term’ – especially in the case of food items, a one-off purchase does not save much and for many young people these are not worth mentioning savings, but many older people understand well what it means to have small savings in the long run.It’s the same with food on a daily basis. We can spend a lot more money on visits to restaurants per week than we would if we bought food for the same amount of money to prepare a meal at home. Grandfathers and grandmothers therefore went to restaurants and bakeries for ready-made dishes only exceptionally.