Piggy Banks Savings
In celebration of Single Mom on a Budget’s first birthday, here is my favorite money saving tip of all!
Since I stopped using credit cards, 3 years ago, I began using my debit card. Really, I just got smarter about which plastic I used (and a better paying job). I never had any issues, but I did have one really good habit that I was not capitalizing on near enough. Saving money; which I did when I had cash. Weird, right?
When I did have cash in my pocket I would pay in whole dollars. For example, if my total at the register came to $1.22 I would pay with $2.00 even if I had $1.25. I would then take my $0.78, and throw it into a piggy bank.
It hit me one day that I had a lot of money in piggy banks because of my piggy banks savings theory so I started taking cash out of the bank each time I got paid and began using cash instead of debit.
You would not believe how fast the money adds up. I’m tellin’ you, I had upwards of $45 in there before I knew it and I didn’t even know it, you know? Who misses their change anyway? Go check out my savings as of month 3!!
I think that change has become devalued in the eyes of many. Some people hate having change and it is almost seems as though it is not even considered money. You can just ship it my way if you are one of those people. Heh! 😉
In all seriousness don’t spend your change. Save it. You could cash it in each year, or count it up, or save it, or put a goal on it, but whatever you do throw it in a piggy bank.
Is anyone interested in a piggy bank savings club? We could share our updates monthly?