Saving Actions to Start Taking Now
Action: Each night, empty the change in your pocket into a jar.
- Pocket change adds up to between $30 and $50 per month.
- Deposit into fund: $80
Action: Cut $5 per day out of your incidental spending.
- Mindless spending and impulse shopping take a bigger chunk out of people's spending than they care to admit.
Deposit into fund: $300
Action: Kick your bad habits.
- Whatever your vice may be, buying cigarettes, lottery ticket, or a cup of coffee/latte, each day can add up quickly. Even cutting back on these bad habits can save you a significant amount of money.
Deposit into fund: $100
Action: Eliminate bank fees.
- Bank with an institution which has ATMs near where you live and work, thus eliminating any fees assessed by using a machine outside of your network. Don't pay a fee associated with your checking account when many banks offer free checking with few strings attached. Never overdraft your account.
Deposit into fund: $50
Action: Have an insurance check-up.
- You don't want to be over-insured or under-insured, but if you can handle raising your deductible, it will save you money each month.
Deposit into fund: $50
Action: Don't have too much of a good thing.
- Examine your cell phone package. Are the minutes right for your calling patterns? Look at your cable plan. Are you paying for channels you never watch? Keeping these conveniences, but adjusting into the plan that is right for you yields big savings. Also look at dining out. Cut back 1-2 dinners out per month and see your fund grow even more
- Deposit into fund: $50