Forum Discussion
michigansandzil
Sep 26, 2013Explorer
dahkota wrote:
Only use paper bills/money for purchases. At the end of the day, put all change in a jar.
If you use an atm/check card at the grocery, get $20 cash (or however much you saved buying stuff on sale). Put that in a drawer/box and don't touch it.
If you work, make lunch at home and put the $5-10 you would have spent in the drawer/box. Same goes for coffee in the mornings.
Just from the change jar, we save up over $400 per year.
From the grocery store, about $1500 per year.
From making lunch at home, $1000 per year.
If you save in small increments (pay yourself) it can add up quickly.
While I think that everyone had some good suggestions, this really makes sense to me.
Typically, I pay my bills and withdraw what's left and set it aside for vacation. We have more expenses this year and this previous method probably won't work. But, if I take what I save at the grocery store, and set it aside weekly I will probably end up with the same amount. Smaller weekly self payments will be easier and less noticeable that a larger monthly self payment.
Easy and brilliant. Thanks for the idea.
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