When you get into the homesteading mindset, you learn to have a new relationship with money. Money is only one kind of commodity and sometimes not the most important one. The homesteading mindset shift comes when you quit spending money on extras like concerts, restaurants and big vacations and start spending money on tractors, fencing and animals. Once that happens, you start to save money on things you used to spend money on and you can even make money on skills you are learning on the homestead.
This post was originally just going to be about making money on the homestead. But as I thought about it more in depth, I came to the realization that while you can make money on the homestead, sometimes the spending just shifts from one thing to another. Instead of buying clothes and blankets, you buy a used sewing machine and learn how to make those things. Instead of buying cleaning supplies or soaps and lotions, you buy the raw ingredients and make them yourself.
So there are 2 lists to go over today; tips to save money and ways to make money homesteading. Both lists represent a mind shift from becoming a consumer to becoming a producer. Both lists show how you can become more self reliant in many ways by adopting the homestead mindset. So let’s get started:
10 Tips to Save Money Homesteading
The nature of homesteading is a life of simplicity and contentment. Just by getting out of the rat race, you can save money by living the homesteading ideals. Here are a few ways to save money by homesteading:
- Cook from scratch instead of prepackaged or fast food.
- Barter with a friend or neighbor with chores or tasks you don’t know how to do.
- Get rid of services you may not need in your new life: television, internet, dry cleaning, etc.
- Make fewer trips to the store by meal planning and buying in bulk.
- Learn how to make your own soap, cleaning products and clothing.
- Learn how to repair/mend clothing, blankets, furniture, etc.
- Learn how to repair machinery instead of having to hire someone to fix things.
- Try to live without electric or gas heating and cooling. Install a wood stove or fans to control the temperature.
- Instead of paying for entertainment, borrow books and movies from the library for free.
- Use nature as your entertainment-watch your chickens or take a walk in the pasture to unwind.
20 Ways to Make Money Homesteading
Not only can you save money by homesteading, but once you get everything going you can make money homesteading as well. Here are a few ideas to get you started:
- Sell eggs from your chickens or milk from your dairy cow.
- Sell produce and herbs out of your garden.
- Make soaps, salves, lotions and other products for sell.
- Make baked goods to sell such as breads and muffins.
- Sell heirloom seeds and seedlings.
- Sell animal manure.
- Sell honey and beeswax products from your bees.
- Sell wool from your sheep.
- Sell home grown turkeys for Thanksgiving.
- Raise extra rabbits and sell them to pet shops.
- Teach a class on homesteading or a part of homesteading that you know well.
- Sell jams, jellies and other homemade canned products.
- Make dairy products such as cheese, yogurt and cream for sell.
- Start a herdshare program to sell raw milk.
- Start a blog about your homesteading adventures.
- Write a book about a topic you are very knowledgeable in.
- Raise worms and sell them for bait and compost.
- Grow flowers and sell them.
- Learn carpentry and sell homemade furniture.
- Repurpose items for resell.
Turning Your Homestead Into A Business:
If you are interested in making money by selling things on the homestead, you will want to set your homestead up as a business.
I am not very familiar with the process of doing this, so I will link to other websites below that will help get you started:
Creating a Homestead Business: Legalities and Liabilities on Homestead Honey
Selling Eggs from Your Backyard Homestead on Imperfectly Happy Homestead
How to Start a Small Farm Business on The Spruce
6 Ways to Make Money Online from Homesteading on Pure Living for Life
The main thing about homesteading is that you untie yourself from money and debt. Instead of being a consumer, you can become a producer that can make the things you need in life. Learn how to barter for the things that you don’t know how to do. Be content with what you have and keep learning new skills to benefit you and your family. This is the homesteading ideal and something that we work towards each year. We aren’t there yet, but every day is a step towards that goal.
Do you have any tips to save or make money on the homestead? Please let us know in the comments below. And if you found this post helpful, please share.Thanks!