I saw a blog post this morning about a simple little savings plan. This lady started in January of last year and saved over $350 dollars without really trying. She said every time she had a $5 bill she would stash it in an envelope. Can it be any simpler than that? How many times do you go grab your kids food and pay with a $20 bill and get change back? Almost every single time, right? (Poor example since this month we are not doing fast food, due to fasting) Why not take that $5 bill and save it??? You would more than likely spend it on something not needed in all reality. I already thought wait....there is a flaw in this or it's not going to have the same outcome for me. I use my debit card more often than not. It comes right out of my bank account and it's rare for me to walk around with cash. I guess we shall see. I'm up for it and it sounds super simple. I am going to consider it a little gift to my family at the end of the year. If anything it could be spending money for a trip we take together or go towards a major appliance or improvement in our home. Something the whole family can enjoy :) ~ knowing me if I save more than I plan it will go into a CD or high yield savings account. Keep on saving folks! I'd love to hear your suggestions or stories of savings plans.
I think I will go break a $20 today and ask for only $5 bills. Since it's late in January I need to start somewhere......
It's none of my business if you have a savings account but I can say this without hesitation. I enjoy and appreciate saving money now. I feel a sense of accomplishment!! As soon as we are paid we tithe and then deposit a set amount into savings. I just feel strongly that if I want to help myself in the future I have to plan for it now. I doubt there will be much available to us at retirement age. Meaning programs (social security), etc. It's up to us.
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