I’m sure it’s been done a bazillion times, but what a SUPER easy way to save. I actually found it on a fellow PF blog on Dollar a Day. It really doesn’t take much and anyone can do it starting the minute this is read. In fact, if you’d like we can do it while you read along with me. Ready? Okay, here we go.
Step 1 – Reach into your pocket and take out a wrinkly ol’ George Washington. If you don’t have one, dig around for some change (it’s at least something) or pull out a $5-er. In the last case, take a 3 min time-out and ask someone around your office to help you break it…or better yet, just ask for one. It’s only a dollar right?
Step 2 – Now, look around your desk, or the streets if you’re reading this on your Palm, and find some sort of container with enough room to place said dollar into it.
Step 3 – Lastly, place your friendly dollar into it and you’re all set!
Bada bing, bada bang! You’ll have $365 by this time next year (or roughly $269 if you do it just at work). If you’re feeling even more gutsy, deposit it into a high-yielding savings account at the end of each month, or year, and watch it grow. The hardest part is really just remembering to do it each day, and not touching it. I advise keeping the container close by your desk to remind you of it each day, believe me it works.
I started this yesterday (2-12-08), and so far i have….wanna guess? A whole $2.oo! Your turn, good luck!
Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!
If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!
What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!
PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.