I help everyday people bring more exciting bucket list experiences and fun things to do to everyday life.

Watch the Habits of 7 Highly Effective Money Stretchers

There might be affiliate links in this post. If you click on a link and make a purchase, I receive a small commission. Read my disclosure policy here.

Have you ever wondered how people can stretch a dollar on a regular basis?
What seems extreme to the average person, is just another day in the life of the super frugal. The answer is WILLPOWER.
According to Todd Heatherton, a researcher at Darmouth who has worked on willpower studies, “People get better at regulating impulses.
They learn how to distract themselves from temptations.
And once you’ve gotten into that willpower groove, your brain is practiced at helping you focus on a goal.”
Here are people I believe are excellent at achieving their goals when it comes to being frugal with their money.


1. People Who Grow Up in Large Families
There is nothing more amazing then to watch the dollar stretching strategies of those who grew up in a large family. Have you ever watched the Duggars? They shop at thrift stores, make their own laundry soap, buy in bulk, trim their budget of extras, and use alternative heating methods. This super large family is debt free and own their home out right. Not too shabby.

2. People Who Are New Arrivals to America
I often try to mimic ideas and habits of people who are new arrivals to the U.S. Many times immigrants will live with other family members in order to survive. Even if this is a temporary situation, it could be the solution for someone who needs to get back on their feet financially. I also notice that many immigrants will take odd jobs just to make ends meet. I think in our current economy, that’s not such a bad idea.

3. People Who Lived During the Depression Era
Think grandma or great grandma! This generation had it down pat for excellent money habits. Paying yourself first is not a new idea. It was an ingrained habit  for this generation’s survival. Another great habit was only buying something that you needed and not wasting anything. I once held a tag sale with a friend. An older gentlemen who stopped by told us that everyone wants things that are new. He said, “When I was growing up, you were happy if someone gave you something used.” Interesting concept. Imagine where we could all be financially if we all followed these ideas.

4. What Would a Cheapskate Do?
There’s always one person holding up the grocery line because they are scrutinizing their receipt or coupons. Adopt this habit. I have found many mistakes at the grocery store and on my credit card bills.  I’ve had items ring up for the wrong price or sometimes one item accidentally went through 2 times. It pays to check.

5. Resourceful Types
I think everyone has a friend who knows where to get the best deal for whatever item or service you are looking for. Even if you are not good at doing this yourself, ask someone who is. My neighbor recently gave us the name of a roofer who is reasonably priced. We know that he’s particular. He always searches out the best work for the best price. All it took was striking up a conversation with him while raking leaves.

6. People Who Live on Less
Think of someone who is on a fixed income or has a job that doesn’t bring home the big bucks. Watch what they do. I often see my older relatives have people over for coffee instead of lunch or dinner. They also swap magazines and newpapers. Having less options can make life simpler and less overwhelming. It can sometimes be a blessing in disguise.

7. Copy Carol Burnett
I loved the Carol Burnett Show as a child. I read her book This Time Together. She discusses her journey to being discovered. She needed a dress that would get her noticed during auditions. Knowing she couldn’t afford it, she pulled her money together with 3 friends in order to buy a dress that would stand out. The dress had to be versatile enough to look good on all their different body types. Can you even imagine having to be that creative? Kudos to Carol.

“I like your blog. I especially like this latest one on how you use your receipt on your fridge. Brilliant!”-Sylvia Martinez of SMartinez Media, former Editor-in-Chief at Latina Magazine



2 responses to “Watch the Habits of 7 Highly Effective Money Stretchers

  1. I think you have a good list of effective money stretchers. If you have less, you will become creative and resourceful enough to stretch your dollar.

Comments are closed.