Saving is often about little tricks and games you play with your money, to help you set it aside. It lets you get yourself out of the way of actually saving money. It might seem gimmicky, but when you take $5 and over time turn it into $12,000, you can’t argue with the results:
Link: Turning $5 into Thousands ∞ Get Rich Slowly.
"I love to read about the little tricks people use to force themselves to save money. Apparently I’m not the only one. Yesterday Jeff sent me a brief story from The Boston Globe that describes how Marie Franklin saves every five dollar bill she receives. She’s been doing this for three years, and in that time she’s managed to save $12,000"
While the pieces notes it helps if you pay in cash a lot, there are ways to do something similar even if you predominantly use plastic. Jodie and I leverage the Automatic Savings Plans (ASPs) of our ING accounts to help us, for example. We have different accounts for very specific types of spending, and we have monthly draws set up for each one. It happens automatically, behind the scenes, and over time, we have the funds set aside for general savings or for something in particular.
