tip for saving money

**JTulo** · 09-17-2010 12:25 PM

I have a friend that recently went on a vacation to Mexico. He works as a bartender, 3 days a week, and doesn't have any other source of income, so I asked him "how did you get the money to go to Mexico???" He told me it took him some time to save up, but it was easy and effective.

Anytime he paid cash for something he would stash his change... no matter how much change it was. If his meal cost $7.49 and he paid with a $10 bill then he would put $2.51 into his Mexico fund. He also told he set something up with his bank so that any charge or bill would be rounded up to the next dollar and the difference would be put into his savings account (i.e. electric bills was @12.82, the bank would put $.18 into his savings account).

I know it doesn't seem like much, but $.18 here and there adds up quickly, and it's a way to save without even thinking about it. Money is collecting for you! Try it out, can't hurt right?

**jebri** · 10-14-2010 11:09 AM

That's a great idea to save money easily. If you're terrible at saving money, I find it's a lot easier to save when there's a goal in mind, and not just a "rainy day" or "savings" jar to set your money in. Whether it's a trip to Mexico, a pair of tickets to a sporting event or concert, or just a little extra to set aside for Christmas presents, having a goal for your money helps it find its way to the jar or piggy bank a lot faster and easier than it would going into a generic fund. Since the "rainy day" isn't immediately in sight, it's easy to forget about it. Set a goal, even if you don't reach it in time, you still have the money saved to set a new goal for next time.

**singleparenting88** · 02-25-2011 05:50 AM

A small earning will eventually be a big money, keep saving even a dollar in a day it means much when time comes and you dont even know that you are earning.