How often do you tell a cashier or waitress, etc. To “keep the change” because you will only be getting 3 pennies back? ( I am not saying don’t tip the waiters, Please do, They deserve it, usually, but be nice, don’t make that 3 cent tip your ONLY tip). Over time those coins will add up and you will have extra money. Let me illusionate here.
Happy New Year everyone! I am sure, deep down, somewhere you wish you had more money somewhere in your life… Whether it be your bank, or an account for your children’s future, maybe a vacation to Ireland. Whatever the case, Here are some great ideas to save over the next 365 days. I have done most of these at least once, they are tried and true.
Pennies: I think everyone has heard of the “Penny Challenge”. This one is one of the easiest and cheapest to do in retrospect. As its just pennies, and the most you will save for any one day is $3.65~ on the last day. For a total of 667.95, Most of your holiday gifts will be taken care of (in theory of course)!
Nickles: I have been saving 3 nickles a day.. just 15 cents. By doing this I will have $54.75 at the end of the year. It’s smaller but in the end still helpful to whatever your goals are. You can do this however you want; 1 nickel a day with a total of $18.25 at the years end you could even do it the same as with the pennies, just times everything by 5! So day 1- .5, Day 2-. 10 Day 31- $1.55- if you did it this way, at the end of the year you would save $3,339.75~ Not bad, but not completely realistic either, at least not for most people.
Again if you want you can set bigger amounts of money aside. By weeks or by month.
Here is an example of le nickels!
Ideas for Dimes 😀
Quarters: Both of these are super fun to do with children, ( or so I am told). Give it a whirl!
Hints, tips, stuff and things:
YOU DON’T HAVE to follow any of these to a tee you can adjust them how you see fit, you can double or triple the amounts, if you are feeling adventurous.
Combine coin types, putting them all in the same jar, piggy bank. I.E. on day 19 of penny challenge, use a dime, nickel and 4 peniies, on day 30 use a quarter and a nickle.
If you are sticking to one challenge specifically and only want to use all pennies, all nickles, etc but don’t know what to do with the other change you get? throw them all in a separate jar and save it up for a year, see what you get! (0r separate jars for each coin and see what happens).
When you start getting into the dollars of the savings, which happens rather quickly even in pennies, get gold/silver dollars from the bank to save space!(maybe)
For each challenge, to make it easier, add up each week or month respectively and save in lumps.
These aren’t steadfast, and the goal is not to break your budget. So do what is easiest for you.
IF you dont want thousands of jars lying around your house, you can transfer the money from checking to savings, most banks have a limit so only do it once a week or once a month, or bi weekly, as long as you saving the amount and keep track you will be fine and have tons of money left over!
My next post, which was supposed to post last week, will be the dollar challenges 😀 Are you prepared?!