A Penny for Your Thoughts
October 6, 2008
Food Storage Quick Tip #6 – Saving some money
This week’s tip is about saving some money. There is no right or wrong way to achieve this, even if only a few coins a week. We just need to start! Of course it is not a good thing to have a lot of cash in the house; but it would be good to have a little on hand. If the ATMS are not working in an emergency, it might hold you over until things get turned around.
Here are a few examples of saving some coins:
- Coin tray in your car. Save your change from drive-through transactions. It has saved my life a few times when I forgot my purse.
- What’s your favorite coin? Some people like pennies. Dimes are kind of cute. Check out the links at the bottom for coin savers that made the news.
- Find change in the washer? My vote: It’s unclaimed property
- Clip coupons and pledge that amount saved to your emergency account. You’ll want to put your receipt in your scrapbook. What a good wife!
- Save a quarter a day. Or a dollar a week.
- Start a swear jar. Caution: Don’t swear more just to add up the quarters.
The Internet has given us opportunity to at any time manage our bank accounts. One way to save a little bit each month is to use their automatic transfer system. You can set it to transfer $1.00 a week, or whatever, on a prearranged day. Even if it doesn’t seem like a lot, it adds up. Another suggested way is to look at it by percentage. If you faithfully pay 10% every month back to the good Lord, think about putting away 1% every month for yourself. Decide with your own family’s needs in mind.
Assignment: Start saving some money. Even if it is only a few coins a week in a jar.
Links:
http://www.foxnews.com/story/0,2933,318018,00.html
Article about a man who buys car with coins.
http://www.coinstar.com/us/PressReleases/723130
Article about a man who makes a record exchange of pennies at a Coinstar machine.
TRIVIA QUESTION: Where do you see people in the movies put their emergency cash?
In a boot (Maverick)
In a shoe
In a shirt (The Dollmaker)
Hidden in a hat lining (Paper Moon)
In a milk jug
In a cold stove (Unsinkable Molly Brown)
In a Mason jar buried in the back yard
Sewn into the lining of an orphan child’s jacket
Saved in a piggy bank (to be opened by a giant cartoon hammer)
A safe is good for large quantities counted often and nicely stacked.
In a sugar bowl, cookie jar, or ice box
A cigar box
A baking powder can (Where The Red Fern Grows)
Stuffed in a mattress (When banks are not to be trusted)
Between pages of a secret book
Inside a rag doll (Night of the Hunter)
In the brazier (Next to the Kleenex
)
Entry Filed under: Budgeting, Common Sense, Economics, Emergency Preparedness, Self Reliance, Self Sufficiency, Uncategorized. Tags: Budgeting, Common Sense, Emergency Preparedness, Money, Movie Trivia, Rainy Day, Savings, Self Reliance.
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1.
Household Appliances | October 12, 2008 at 12:37 am
If compound interest can make a single dollar bill grow into a million dollars…Then it can also make a single penny grow into a million pennies… Household Appliances
2.
Jodi | October 14, 2008 at 3:23 pm
I do all my household spending with cash. Each time I break a dollar I save the change. At the end of the day I dump it into a jar on top of my fridge. I always choose to break a dollar rather than find that $.06 in my wallet to avoid getting more change. This can really add up fast.
Now I have to confess that those coins are used to buy Diet Coke fountain drink refills so I don’t have to feel guilty about spending family money on them. hahaha. But if I chose to save it instead I think it would add up fairly quickly and it is quite painless. You don’t even notice it at all.
3.
poorlittletoad | October 14, 2008 at 3:51 pm
Feel the power, Sister!