A Penny for Your Thoughts

October 6, 2008 at 11:41 pm 3 comments

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 :))

Advertisements

Entry filed under: Budgeting, Common Sense, Economics, Emergency Preparedness, Self Reliance, Self Sufficiency, Uncategorized. Tags: , , , , , , , .

Whole Grain Goodness Use Your Bean and Rice to the Occasion

3 Comments Add your own

  • 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

    Reply
  • 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.

    Reply
  • 3. poorlittletoad  |  October 14, 2008 at 3:51 pm

    Feel the power, Sister!

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Recent Quips


%d bloggers like this: