USE THE JAR
My wife has a great habit of finding money. As you may know, she has gotten everyone in our family looking for money on the ground. This is just money that has fallen out of a hand or pocket, but it really adds up.
When I first began to try to get my wife to “use a jar” for the money we were finding, she told me she didn’t think we would have enough change to add up to much. However, if you have been following this blog for any time at all, you know that we found almost $30 dollars in CASH last year and we are past $30 right now in our little jar in the kitchen.
It underscores that you can find ways to save money. We take the contents of the jar at the end of each calendar year and open a 12 month certificate of deposit. In other words, we don’t see this money as spending money. We see it as long-term savings.
What other ways could you save?
Both Bank Of America and Wachovia have programs to encourage savings thru tricks (either rounding up or adding amounts to your check card purchases).
We believe in negotiating on almost all purchases and putting the difference between what you would have spent and what you did spend into savings (money market). We also recommend putting the amount you save using coupons directly in savings. Just keep in mind to use coupons ONLY on the things you would ordinarily purchase or you are participating in marketing – not saving money. You also have to make certain that you are checking the unit price of things you purchase with coupons. Make sure you are really getting a deal – or you are participating in marketing.
YOUR WEEKLY GOAL
Your weekly goal should be to seek out at least one new way you can save each week. Look on the internet. Talk to friends. Find ways to save. You and your family members can make it a great game!
MAKE YOUR KIDS WEALTHY THE EASY WAY
You’re probably heard this said a lot in your life: Catching something early is better than trying to teach an old dog new tricks. In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.
You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.
If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.
Thank you for reading our blog and good luck!