Tip of the Day April 22, 2009

A good use for an old jam jar

Have a savings jar on the fridge. Any loose change you find around the house, in the washing machine, on the floor of the kids' bedrooms, under the sofa cushions or on the floor of the car goes into the jar. When the jar is full, deposit the contents into a savings account. If you don't feel you can afford to "dump" all your loose change into savings, choose a denomination - say all 5c and 10c coins or all silver and just save those. The amount of money in the jar builds quite quickly, it's amazing just how much loose change you can find in a household when you are actively looking for it.