Tuesday, October 6, 2015

Money Saving Tricks - So You Can Treat Yourself Later

 












Hello there, it’s me again, Edmund the Owl. With my favorite holiday, Halloween, coming up at the end of the month, I thought it would be fun to think of a few money saving “tricks” that could be used to “treat” yourself to a bigger balance in your savings account. Candy’s great, but money will last longer (and it won’t rot your teeth). “Witch” of these tips will work for you?  

  • When you return pop cans, take the cash back and put it into a savings account. You'll be surprised how quickly your funds can accumulate.

  • Save your quarters. Every time you get a quarter back as change, set it aside to deposit later into your savings account.

  • If your payroll is direct deposited into your account, set up an automatic distribution of your choice to a special savings account. The idea here is that this will be done automatically as the credit union receives your paycheck. Out of sight, out of mind, right?

  • Look at your receipts! Lots of stores like to print the amount you saved on your purchase that day. Whatever that amount is (big or small), put it into your savings account.

  • Try the 52 Week Money Saving Challenge. We've talked about this one before. The neat thing about it is that it only starts with depositing $1.00 into your savings. Each week, you add an additional dollar (see chart below). After 52 weeks, or one year, you'll have saved $1,378.00! "Whoo" can complain about that?
Chart courtesy of: ourhollydays.com

Do you have any additional tips or tricks that help you save? I would love to hear from you. Please leave your comments below.

Well, I've got to fly. Until next time, friends.


 
"Pay your bills, yes. But don't invest in them. Invest in your dreams. What you invest in grows."
Suzette Hinton: life coach, musician, businesswoman, and author