{"id":12236,"date":"2023-03-16T21:11:48","date_gmt":"2023-03-16T20:11:48","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=12236"},"modified":"2023-03-16T22:10:11","modified_gmt":"2023-03-16T21:10:11","slug":"ways-of-saving-money-in-the-olden-days","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/ways-of-saving-money-in-the-olden-days\/","title":{"rendered":"10 Ways Of Saving Money In The Olden Days"},"content":{"rendered":"\n

Saving money and building wealth did not just start today. Through the years, people have always saved and found interesting ways to build wealth. Before the advent of banks and new technologies, there have been some ways people saved money in the olden days. In this article, we\u2019ll look at some of these ways and see what we can learn from them.<\/p>\n\n\n\n

10 ways of saving money in the olden days<\/h2>\n\n\n\n

10. Under the bed<\/h3>\n\n\n\n

One of the easiest ways to save in the olden days is to keep money under the bed, inside the mattress, or pillow. It was easily accessible and at the same time saved you the stress of going far to look for a safe place.<\/p>\n\n\n\n

9. In the bush<\/h3>\n\n\n\n

This was one of the popular ways to save money in the past. People hid their money and valuables in the bush. A lot of people had large lands and it was easy to hide valuables in marked spots inside the bush.<\/p>\n\n\n\n

8. With friends<\/h3>\n\n\n\n

Another way to save money was to leave them with trusted friends over an agreed period. This way, people knew their money was safe and they could access them when needed. Not having direct access to the money made it less likely that they could spend it on impulse<\/a>.<\/p>\n\n\n\n

7. Ajo<\/h3>\n\n\n\n

The concept of ajo<\/em> started way back in time. People who live in the same community or share certain interests like hunting, farming, selling in the market together, etc came together to contribute a sum of money. At the end of the saving cycle, one person takes the money and it continues until everyone has had a turn.<\/p>\n\n\n\n

Related: Money Chronicles: Why I Chose Cowrywise Over \u201cAjo\u201d<\/a><\/p>\n\n\n\n

6. In the ground<\/h3>\n\n\n\n

Burying money in the ground was also very popular. People dug up holes and hid their money. Then they go ahead to mark the spots. Huge sums of money and other valuables have been randomly discovered in the past because sometimes people forget to inform trusted families where their money was hidden before they died.<\/p>\n\n\n\n

5. Saving jars<\/h3>\n\n\n\n

Saving jars were in form of buckets with lids, clay pots, piggy banks, etc. People saved up money in saving jars around their homes. They saved money in saving jars over some time and then break them to access the money when it is needed.<\/p>\n\n\n\n

4. Gold<\/h3>\n\n\n\n

Another way people saved money was by buying gold. Gold was considered one of the most valuable sources of wealth. Access to gold signified wealth and was a status symbol. People bought gold and used them for transactions. Also, it could easily be inherited by family members.<\/p>\n\n\n\n

3. Walls<\/h3>\n\n\n\n

It is interesting to know that people hid their money inside walls. By creating a secret slash on the wall, people were able to hide their money and valuables in locations known only to them and a few persons they trust. <\/p>\n\n\n\n

2. Lands<\/h3>\n\n\n\n

Buying lands has always been a way to save money and build wealth. Buying lands gave people a sense of security and they didn\u2019t have to worry about losing their money or spending impulsively. Also, lands were considered a symbol of wealth.<\/p>\n\n\n\n

1. Purchase of properties<\/h3>\n\n\n\n

Similar to buying land, people also bought properties to save up their money. The properties they bought were mostly peculiar to the seasons and their environment. For instance, people bought cattle, cows, sheep, etc to grow their money and as a symbol of wealth.<\/p>\n\n\n

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Lessons to learn<\/h2>\n\n\n\n

From these ways of saving money in the olden days, we can tell that;<\/p>\n\n\n\n