Saturday, September 18, 2010

Start a Change Jar


This is a nice little tip that can add up to big bucks. All you need is a container, an old fashion piggy bank would be ideal. The picture above is a high-tech change jar that keeps track of your change on a digital display. You would be surprised how much you can save by putting all your spare coins/change into a jar when you get home at the end of the day.

Try not to reach into your change jar/container for little expenses like coffee or snacks. Let the change build up into a nice chunk of savings. If you designate this money for a specific savings goal it will be less tempting to dip into it. Label the change jar with your savings goal. Here are a couple examples of common saving goals: family vacation, retirement, paying down debt, child's education, new vehicle, or that flat screen tv you always wanted. Check out an archived article about paying off your debt: "Pay Off Debt or Invest?" http://reynold-savemoney.blogspot.com/2010/08/pay-off-debt-or-invest.html

Having a change jar won't just help you meet your savings goals faster you'll also avoid carrying around a bunch of heavy coins that jingle in your pocket. Leave it and let it build up until it's full. Than go to your local bank and ask for some papers to roll your coins up and put it into your designated savings account. This can be your automatic savings plan.

Check out this additional savings tip from http://www.howcast.com

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