Day#13: Start collecting loose change
by Celine on December 2, 2009
in 25 Days to Healthier Finances, Frugal Tips
Here’s today’s installment:
Today’s task is especially useful for those who can’t seem to save any money at all. If you’re already good at saving, maybe you can skip this task, but it’s still worth trying if you want to beef up your savings a bit. Since it’s a workday, I’m keeping it easy.
Today’s Task: Collect your loose change at the end of the day. Every day.
You don’t have to include the change you’ll need to pay your commuting fare to work the following day. Grab a large old jar/can and start collecting.
What for? Well, if you’re having a really hard time saving any money at all, now’s your chance for a simple solution. It may sound too simple, but maybe that’s what some of us need.
Once you fill the jar, you can convert it to bills (via sari-sari stores, any bills you have, etc.) then deposit it in your savings account. What you’ll use your savings for depends on you, but if you don’t have an emergency fund yet, you can start with that.
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That’s good idea! My kids ( 12 & 9 yrs old) are doing that years ago and now has turned into a habit of saving every extra centavo they have. They have their own petty cash to pay for any small items needed in their school projects. My grade 3 kid now knows what is his want or need.