Tuesday, September 6, 2011

Save $1,000 A Year





Posted by: Darlene Duncan, CSDP, JSS, CCC
Training Coordinator

Like it or not you need to have money to get by in today’s world. I’m going to share a few of the methods I use for saving money.

The first one, I’m sure you’ve heard of before. Whenever I’m given change in the form of coins as soon as I reach home all the coins go into a bucket. Once the bucket is full I go through it, one coin at a time. It doesn’t take that much time and can be done while watching television. Some of you may ask why not use one of those machines that count and wrap it for you? Because those machines will not pick out the wheat pennies and the mercury dimes, both of which can be worth much more than their face value. In addition to that, some of those sorting machines take a percentage.

The second idea adds up a lot faster than the coins. When you get home from running errands take all your one dollar bills and put them away. Never leave the house with one dollar bills in your pocket, instead save them. Once you have enough saved to make a trip to the bank worth the gas, take your savings and deposit them.

My third method is something that most of you are really going to balk at. Stop paying to watch television. That’s right. Lose the cable, the satellite or whatever service you’re paying to watch television. Instead put up an antenna. I haven’t paid for television in over 25 years. My antenna pulls in 24 channels. Granted, some of you don’t have the option of an antenna. You either live in a community with covenants and deed restrictions or you live in an apartment, which means you don’t have the option of an antenna. However, you can begin to explore less expensive services for your television watching.

Save and roll your coins. Never leave home with one dollar bills on you, save them. Stop paying exorbitant amounts of money to watch television.

Make saving money fun. Turn it into a game the whole family can play.

Click here for an article about how to save $1,000 a year.

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