05 January 2011

Building a Cash Stash

An easy and almost painless way to build savings, and build them quickly, is to stash cash. Start by emptying your pockets or purse of silver every night. Put it in a money box or an empty jar or an old sock - anywhere you can stash it. When the container is full bank the money into your savings account. You'll be amazed at just how much you can save very quickly. If you earmark the money for a specific goal (it may be to pay for next Christmas, or a family holiday, a new TV or to pay off a debt) you'll stay motivated as you see your savings grow.

If you want to get serious about saving cash you may choose to save all coins, or all gold coins. Some serious Cheapskaters save all their $5 notes and I'm sure you all know about our '50 Box' savings.  Building savings takes time but more importantly it takes regular additions and stashing cash is a great way to get into the habit of saving.

2 comments:

  1. Hi Cath, i have alreadynstarted saving for christmas 2011, i now have $78.00 saved up and i am trying toget my friends to do the same thing
    regards,
    Maryellen Flynn

    ReplyDelete
  2. LOVE THIS .....

    Krista Stevens

    ReplyDelete

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