Please take note that this post may contain affiliate links.
When it comes to spending money wisely and saving money, Dutch people have got it down. They are great at allocating their money in the most effective manner. Many people around the world call them cheap or stingy. I call them smart. Living within your means and having money for emergencies is something that I consider essential. I really appreciate the Dutch approach to money. A lot can be learned from the trading nation, starting with smartly spending your money. Here are some ways the Dutch judiciously spend and save their money.
1. Do It Yourself
A lot of people in the states, me included, usually hired people to take care of things like plumbing, electricity, repairs and cleaning. Here, most people do it themselves. Whenever something breaks in our home, my boyfriend will always fix it himself. If he doesn’t know how to, he will teach himself how to do it. And if he really can’t fix it, he’ll reach out to a family member to help him. This do it yourself lifestyle has saved us a lot of money.
2. Quality Over Quantity
Name brands do not mean good quality. I repeat, just because it’s expensive and flashy, doesn’t mean it’ll last a long time, or it’s somehow better than the generic brand. I never see Dutch people wearing any name brands or buying fancy things like flashy cars. I used to buy the cheapest thing out there so I wouldn’t have to spend a lot of money. At the end of the day, you’ll spend more because that cheap item won’t last long. I learned this the hard way.
3. Use Every Last Drop
In the stores here, they sell something called a flessenschraper. It’s kinda like a spatula, but super flexible. It’s used to empty the last drops of stuff from their jars, like from a mayonnaise jar, etc. It’s perfect for making sure you never leave anything in the jar. You can buy this handy tool on Amazon. I also will re-use the jars once they’re empty. I’ll put whatever I’ve got into them like flour or plants.
4. Live Below Your Means
This is something I find extremely important. In the Netherlands, they have a saying “geld lenen kost geld.” That slogan means, borrowing money costs money. This slogan always appears in all credit card and loan advertisements. In a lot of cases, people here will just save money until they can afford to buy the item, instead of borrowing money. That goes for anything from mattresses to cars. In the USA, people will actually finance those items, meaning they will pay monthly with interest for a few months to a few years. It’s crazy. People here really just want to make sure they have money at all times. If you don’t have the money after paying all your bills and saving some money, you can’t afford it. Don’t spend all the money you make. Live below/within your means.
5. Buy Not Rent
Renting here is expensive. Buying is expensive. People will live with their parents well into their twenties or even older to save money to buy a house. My boyfriend lived at home until he was 26. Renting in most cases is a waste of money. It’s more expensive than a mortgage and you won’t get anything out of it. Had I been smarter when I was younger, I would have never moved out of my home when I was 18. But that was the culture I lived in. I now know it’s not shameful to live at home, it’s smart. Take what you can get.
6. Buy in Bulk When Things Are Cheap
If something you regularly use is on sale, buy a lot of that item. For example, sometimes tuna will go down like €0.50 in price. When that happens, I always buy a lot of it because it’s something I regularly use. Just remember, just because it’s on sale, doesn’t mean it’s a bargain. Shops will write anything to get you to buy crap you’ll never use. If you always buy something that’s usually €2.00 and it goes down to €1.50, then buy that item in bulk when it’s cheap.
7. Cook at Home
Eating out here is expensive because it’s seen as something special, a splurge. Most Dutch people will cook at home every day, and only eat out once in a while. When they do, they will go all out because they saved money by always cooking. When I lived in NYC, I went out to eat for almost every meal. Since I moved to the NLs, I consistently eat my meals homemade. My boyfriend and I will only eat out/takeout once a week. For Dutch standards, that’s still really often. But it’s much less often than I used to do. Dutch people take sandwiches everywhere, to the beach, to work, traveling, just to avoid paying for food while out.
8. Alternative Modes of Transport
People will carpool here to family events. People will bike anywhere to avoid using their car. Buy a small car instead of a big one. People here take public transport over taking their car. Driving a car is expensive, parking is expensive. A lot of families in the USA have two cars. Here, they have one or none. When you do the math, you can begin to imagine how much money they save on transportation.
9. You Don’t Need a Lot to Save
Yes, you read that correctly. You can save with any amount of money, even just putting away €5.00 a month. It’s not a lot but it’s more money than you had saved without putting it away. You never know what you’ll need money for, any sort of emergency. Having at least a few months of expenses saved is so important. You can also save towards a goal, like taking a weekend getaway somewhere. That’ll give you an incentive to save and make sure that you spend the money you have instead of putting everything on your credit card.
10. Freeze/Melt Your Ass Off
I am not kidding. Dutch people keep their homes abnormally cold in the winter to save money on heating. I wouldn’t recommend this though if you’re someone that’s always cold like I am. They also insulate their homes very well, and a lot of people have floor heating. This also goes for air conditioning. We don’t have one as many Dutch don’t. It’s only boiling hot for a few weeks a year. Those measures help save a lot of money.
Be sure to follow me on my Instagram and my Facebook where I post all about Dutch living and more.
The featured photo was taken by Natália Korányi.
What are some ways that you save money?
22 People reacted on this
Ask your friends to pay you back the 20 cts they lent you 3 months ago is also a technique….
I have my limits. That wouldn’t be for me.
Change the provider for your electricity from time to time. The new one will reimburse you few hundred euro 💶. 🧐
I have heard this one. You’ve gotta be on top of your game then.
I tried that. You get a couple of hufred euros discount, but somehow thry manege to take itbackin the course of the year
Not sure about how well the houses are isolated in NL. Most of the Dutch simply keep the old houses cold because 1. it’s very expensive to isolate them (also because they are classified as monuments) 2. they prefer to add 2 more sweaters on than pay the electricity bill.
This still outrages me to this day because being cold constantly makes me sick, literally. So I end up paying for medicine and feel uncomfortable at home if I follow the Dutch zuining approach. 🙂
I feel the same way. It really isn’t for everyone. I’ve learned to wear a lot of layers everywhere I go.
One way to save money is yo have a smart electicity meter. Use the washing machine at night . After 10pm the electricity is cheaper.
This comparison is only valid when you compare it with the Americans. Most of the rest of the world, especially the developing world is few steps further than the Dutch Indeed. However, the only difference is spending money on socializing, The Ducth would split the bills and would not pay your part.
Being Dutch and having been raised in the Netherlands I don’t agree with that young people stay at home. As soon as you go to college you go and live in your college town. Most college towns are within 30 min of where you grew up but you still move out. Maybe more correct for kids who don’t go to college, they do tend to stay home longer.
Yes indeed !
I would add: everyone pays its own beers and food in a bar. And when you invite people at home (which is almost never !) you serve very basic cheap food, when in France this is an opportunity for exceptional food and wine experiences… clearly a packet of frozen bitter ballen is more goedkoop than a diner in the rest of the world !
I disagree with everyone paying their own beer in a bar. The concept of giving ‘een rondje’ for everyone in the group is more common.
True that people tend to socialise more in bars and restaurants instead of inviting them at home.
[…] salted licorice is super popular in the Netherlands. I personally cannot stand this extremely salty snack but many like it. I much prefer honingdrop: […]
You do not have a clue about drop. Dubbel zout and honing drop are both kinds I do not like. The best drop is Klene’s muntendrop. The best.
Again, I am Dutch, Amsterdam. Jordaan. I am generous to a fault with my children and frugal with myself so I can be generous with them. I really do not give a bietenbal what buitenlanders impressions are. It is rude to take it upon yourself to selfappoint yourself. I have lived in the U.S., Japan, was born, raised and educated in Amsterdam. I never, ever took it upon myself to analyze the country where I was a guest. Just be the best representative you can be be for the U.S.
[…] old interior and either just accept it, or renovate it yourself? Most of the time, you’ll spend a lot less money buying the home and make more money when selling […]
[…] to the Netherlands. I fit right in with Dutch people when it comes to spending money. I’m as frugal as my Dutch neighbors. I grew up in a Jewish household, so make of it what you […]
[…] Because humans have emotions. You’ll have to deal with the government. You will probably not be profitable for a while. That’s not necessarily a bad thing in the Netherlands. There are some amazing tax advantages to […]
[…] you haven’t noticed already or you’re moving here soon, the Dutch are known to be frugal. They know how to save and spend well. They don’t flaunt their money, and rich people don’t […]
[…] are many ways of cutting down your essential expenses. For example, every year, my partner Kevin and I compare and contrast […]
[…] government, but that won’t be a whole lot of money. So you’ll have to set aside and invest money into a private pension or investment fund. Don’t forget this as your future is very […]
[…] putting money into it today. I mean it. You never know what will happen in life. You should have saved enough money to live for at least a few months without getting paid. […]
[…] why I didn’t just want to spend on everyone and everything. Now I live in a country where being frugal is not only appreciated but the norm. Being responsible with money and thinking ahead should be […]