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My Grandmother "The Ultimate Penny Pincher!"

Updated on March 26, 2015

Are You A Self-Taught Individual?

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My Grandma Became A Self-Taught Person.

Here's a tale about my grandmother, who was the eldest of seven siblings, she did not finish school, and wasn't able read or write. And at the tender age of 10, she took on the responsibilities of taking care of her siblings, while her mother went to work and supported their family. When she became an adult, she left home and got married to a young stub which was my grandfather, shortly after that she became a mother that is when her self-motivation kicked in. She became self-taught women in everything she did, I guess she was eager to learn and earn. My grandmother worked for pennies on the dollar, but she understood how money works, she worked at factory for more than 25 years. And it seemed like everything, she touched would somehow turn into gold, that's how I remember her.

One penny may seem to you to be a very insignificant thing, but it is the small seed from which fortunes spring.

— Orison Swett Marden
Saving little by little does truly add-up
Saving little by little does truly add-up | Source

Do You Know A Penny Pincher?

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13 Ultimate Penny Pincher Tips: This How Grandma Got Her Name

This article is dedicated to my self-taught grandmother, who is no-longer with us but she will always be with me in spirit. Because she knew how to be the ultimate grandmother as well as a penny pincher and left us with a remarkable family legacy.

Here are most of her natural abilities that made her unique because she believe in teaching herself in these areas:

1.Saving came natural to her each paycheck, she knew that she had to put money aside to build her nest egg. Grandma would all ways paid her-self first before she would paid anything else.

2.Investing was something she was drawn to as she learned how to buy real-estate and hold the properties, until she felt it was time to sell. She would make her moves like an astute investor.

3.Sewing and crocheting became her passion as she did that on the side to make some extra money. She sold her hats, scarves, booties, blankets, and gloves to anyone and everyone.

4. Homemade meals was something she treasure as a mother & grandmother. She sold her delicious food to friends and co-workers for extra cash.

5.Mastering her Garden skills without forth-effort as she used her green thumb to plant and grow wonderful looking vegetables and fruits. Making family treats with what she called a labor of love.

6.Home-remedies made her worthy to turn to for her invaluable information on what homemade products were usable and helpful for her children and grandchildren. Just in case they got hurt or sick.

7.Beauty secrets is how she made her nails and hair stronger and more vibrant until she left us.

8.Mrs. Fix It- that's the name my mother gave her because she had a knack on fixing toilets, patching up walls and any other small jobs that people nowadays would pay a fortune for.

9. A black book with weekly coupons were used for all most everything from food, clothes, and household items.

10. Shopping at the Goodwill, Garage Sales, and Flea Markets was something she was accustomed to.

11.Collector of antique furniture and dolls.

12.Recycling cans and other important metals for cash.

13.Understanding how to save money with her utility bills.

This is how my grandma became "the ultimate penny pincher" to us and how she earned her nickname.

The most popular Labor-Saving device is still money.

— Phyllis George

What Saving Vehicles Are You Using To Help You In The Future?

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Ultimate Penny Pincher Preparation.

My grandmother prepared for the future by buying plenty of insurance like life and other important coverage, Investing in numerous properties and land, and she saved like a mad women. As an adult, mother, and wife, I see that she had made the right decisions throughout her life making sure her family was well taken care of. My mother, aunts, and uncles are always comparing me to my grandmother in many ways, they say I have the same work ethic and savviness to invest wisely like she did. I'm honored and humbled to say I've learned from a great mentor and I think I will always be willing to learn as long as I live. Thanks, grandma for showing me the ropes and demonstrating it with your life.

Do not save what is left after spending, but spend what is left after saving.

— Warren Buffett

Grandma's Investment Portfolio

Savings Acct
CDs Acct
Small Unit Blds
Money-Market Acct
This was her ideas of saving for the good old days

Money is in some respects life's fire: it is a very excellent servant, but a terrible master.

— P.T Barnum

Grandma Never Used This In Her Portfolio

Dow Industrial Jones
S&P 500
Russell 2000
30yrs- T-Bonds
Swiss Franc
My grandma never was introduced to this types of investments

Experts Like Dave Ramsey, Suze Orman And Many Others.

Most of they're advice they give to others are very similar to what my grandmother believe in, when it came to her financial life. These two experts remind me so much of the principles she lived by. That's why I had to mention both of them.

The key to making money is to stay invested.-Suze Orman

Be in debt is normal. Be weird.-Dave Rasmey

The Moral Of My Story.

I want people to understand that each penny does count. The more you save, invest, and create, the better your live will be, but only if you know. How to manage your money well, it will take you where you need to be.

Compound interest is the eight wonder of the world. He who understands it, earn it. He who doesn't, pay it.

— Albert Einstein

I Welcome Any Feedback!

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    • Venus Rivera profile image

      Daisy Rivera 3 years ago from Chicago, IL

      My grandmother was a very savvy women. I miss her so much and especially around the holidays when she would prepared the most delicious meals for us, she die at the age of 71. I'm so glad you stop by my hub and read my grandmother's story maybe it will help you. I'm sorry, that you never knew about saving before and about your grandmother's death. Thank you, Peach purple.

    • peachpurple profile image

      peachy 3 years ago from Home Sweet Home

      i love your grandmother methods of saving. How old was she? My grandmother was 70+ when she passed away when I was only 10 years old. Never knew about saving

    • Venus Rivera profile image

      Daisy Rivera 3 years ago from Chicago, IL

      I agree. Thank you for reading my hub and leaving your input.

    • DeborahDian profile image

      Deborah Carr 3 years ago from Orange County, California

      Very useful information. We all need to learn to pinch pennies and how to make our savings grow.

    • Venus Rivera profile image

      Daisy Rivera 3 years ago from Chicago, IL

      Grandmother's can be great teachers.

    • Venus Rivera profile image

      Daisy Rivera 3 years ago from Chicago, IL

      I'm glad you thought my grandmother's story was interesting. Thank you, for leaving your input Felisa Daskeo.

    • Venus Rivera profile image

      Daisy Rivera 3 years ago from Chicago, IL

      My grandmother made a huge impact in my life, that's why I felt the need to give her credit for it by writing this article about her. Thank you, for your input.

    • Felisa Daskeo profile image

      Felisa Daskeo 3 years ago from Manila, Philippines

      What an interesting story. Your grandmother knows really how to save for the future and what's more important, you learned from her.