5 simple ways homesteading can help you save money

Many expenses that are common in most people's budgeting plans today were completely irrelevant just a decade ago. There's more money put toward mobile phone bills, utility bills, living expenses and other common things in your life.

While technology expenses are just one thing to consider, there are some different ways to get back to basics and save money for the future. One of the more interesting ways to do this is through homestead living.

Homestead living focuses on the do-it-yourself mentality and through more simplistic lifestyles that are based on self-sufficiency. While certain people take homestead living to the extreme, there are some easier and more basic ways to incorporate these habits into your life to help you save money without feeling like you're on the farm without a light bulb in sight.

Here are five simple ways homesteading can help you save money:

1. Consider a backyard beehive
For those who are up for the challenge, starting a backyard beehive could be a great way to not only save money, but make some side cash as well. According to Daily Finance, the equipment you need to start a beehive might be $100 to $200, but each hive you start could possibly produce 50 pounds of honey.

"Bottling and selling honey at a farmers market could turn into a great return on investment."

Some of the more high-end, organic and local honey can cost up to $10 for 12 ounces. Bottling and selling this at a farmers market could turn into a great return on investment. Erik Knutzen co-authored a book on saving money through homestead techniques, said beehives are very easy to handle and take little care, the source reported.

"The thing about bees is they take care of themselves, so it's one of the least labor-intensive things you can do," said Knutzen. "It can be a little intimidating at first, but once you get the hang of it, it's not that big of a deal."

2. Build a chicken coop
Getting some chickens for fresh eggs is usually one of the first things people think of when you talk about homesteading. It's a popular option because it's a truly great way to save money in the long run. Chicken coops are pretty easy to build for the average DIY person, and chickens are relatively cheap to house, care for and tend to over time.

By building your own chicken coop, you're providing yourself with a much more sustainable way to receive eggs.
By building your own chicken coop, you're providing yourself with a much more sustainable way to receive eggs.

Additionally, instead of relying on the grocery store, you're saving money in your checking account by ditching the drive to the grocery and having fresh, free-range, non-GMO eggs. When compared to how much you'd pay for these same eggs at the farmers market, you're saving a lot of money.

This is also important because you know exactly where your eggs come from and you'll have peace of mind knowing your animals were treated well in the process. In fact, most cage-free eggs are still produced in large hen houses and the chickens are only fed a specific type of feed. With your own eggs coming from your backyard, you'll provide your family with a ton of healthy omegas as well.

3. Repair tools and avoid buying new
With homestead living, you might need a till to make a home garden, a shovel to create a dirt area for your hen house and a saw to cut wood. Buying all these items new can cost you a fortune, while you can instead repair old or damaged tools for much cheaper. This will help you keep a plethora of tools around and save money at the same time.

4. Air dry your laundry
While it's the simplest tip you can follow, air drying your laundry is a great way to reduce your energy costs around the home. You can simply hang a line outside your home for clothes and linens to air dry. Additionally, there are plenty of recipes to make your own washing detergent to reduce the amount of softener and washing detergent you have to purchase.

5. Make your own sauces
If you're a condiment lover and really want to save a lot of money, you should consider making your own spices and sauces. There are hundreds of easy-to-make recipes online for hot sauce, salsa, ketchup, spreads and chutneys to feed your family's appetite for flavor.

Spending top dollar on high-end specialty sauces or condiments is just another way you could be wasting money. Additionally, there are several preservatives, jams and pickling techniques that could provide you with year-round supplies. Any way you can avoid the grocery store is a great place to start saving.

While there are many ways homesteading can help you save, it's always best to address your personal finances and get into great money-saving habits.

For more information about smart ways to manage your finances, contact Landmark Bank.

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