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More saving tips!

January 24th, 2010 at 09:09 pm

As I mentioned in my blog yesterday, I am no longer going to spend $5 bills, I am going to save them all and add them to my challenge money.
I already save all of my change and take it to be deposited every few months.
Mary Hunt had a few more tips in her newsletter yesterday.

She suggested that you take money that you save using coupons or store cards, and deposit those sums in your savings account. ( have been doing that in the $20 challenge for 3 years now)

She also suggested that you tax yourself every time you use an ATM and put that money in savings. You decided how much the tax will be. I have never used an ATM in my life, so that won't help me.

When you go out to eat, order water and pay yourself $1 every time you do that. Save that money! (I always order water, never soft drinks, coffee or tea.)

Rack up rebates whenever you can. I do that IF it is something that I really need.

Pick up one thing that you will give up just for this year. It might be manicures, fancy coffee, french fries, hair done, cigarettes, etc.
This the the one I am having a hard time with. I never get my hair or nails done and I don't smoke or drink coffee.

Well, I had a no use gas day yesterday and spent no money, so I have no $5 bills to add, but I do have $2 for the no use gas to add to the challenge.
Prev. total $490.00
today 2.00
new total $492.00

Posted in $20 Challenge | 5 Comments »

5 Responses to “More saving tips!”

  1. creditcardfree Says:
    January 25th, 2010 at 01:04 am 1264381456
    1264381456

    I like Mary Hunt. She has some pretty good ideas. She was one of the first debt free people I read about.

  2. Ima saver Says:
    January 25th, 2010 at 04:11 pm 1264435872
    1264435872

    I do too!

  3. Aleta Says:
    January 25th, 2010 at 09:27 pm 1264454855
    1264454855

    I also play the lottery but rarely and I have decided this year to add the same amount to my savings account that I'm spending on Lotto.

  4. dividing the dime Says:
    January 28th, 2010 at 10:25 pm 1264717534
    1264717534

    Great tips. This will help me stay motivated for 2010. Already this has been an expensive year! I wanted to start off the savings goals with a bang, but it's been more like a whimper...

  5. baselle Says:
    January 30th, 2010 at 04:14 am 1264824867
    1264824867

    Great tips, but the biggest tip of all is that you actually pay yourself what you have saved. None of us can stress that enough. Most people who "save" money think, ... "cool I bought this and I saved this amount". If treat it as excess capacity, you didn't save a darn thing. You just spent slightly less.

    Younguns, Ima Saver is doing what you have to do. Big Grin

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