Tip #7 is an easy tip if you ask me!
We do two things that are little things but add up big over time. We use the feature our bank offers (Round Up) to round up all of our transactions and move that extra amount to our savings account AND we save our change.
Very rarely will you see us pay for something with change. We will almost always pay via debit card (allowing us to use Round Up) or we pay with bills. By paying with bills, we always get change back. This change is then placed in a jar and counted once a year or so. My son gets all pennies and we keep all silver. The pennies are all turned in every so often to the bank and the silver coins are all used for a rainy day type fund. It’s fun to sit on the floor together counting it out to see how much we have accumulated.
Every so often, we toss a few bills into my son’s piggy bank and we were amazed this past time we counted that he was up to almost $25 just in bills that we almost forgot we had tossed in just for the fun of things.
Remember, a penny saved is a penny earned!
To see tips 1-6 and those yet to come in this 10 week Summer Savings Blitz, GO HERE.
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{ 3 comments… read them below or add one }
Amen to that penny saved penny earned attitude!!
And can you believe they talk of getting rid of pennies?? Then nickels would be considered “less”! I’ll keep my penny, thank you.
One of my favorite ‘penny’ experiences is when the ‘ice cream man’ ripped my daughter off. In the early 1980′s, gave her $1.00 for a 10 cent popsicle and she returned without change….Before the end of summer she bought her own bicycle! Each time the ‘ding dong’ man came to the neighborhood the ‘change’ was put into her ‘smurfette’-bank
My, how it adds up!
Today, my grandchildren are given store-bought treats when the ‘ding dong’ trucks are in the neighborhood…$3.00 for a single ice cream!!!! How much & how fast does that add up?!!!
When my daughter was born, my mom gave her a piggy bank. She’s just about 17 months old now, and since she was born, my husband and I throw all of our change into her piggy bank, along with spare bills every so often. Since she’s so little right now, the money will go straight to her college fund. This just reminded me that I really need to roll the coins and take them to the bank!
Before she was born, we collected all our change and had saved enough to buy a video camera!