Like most couples, my husband and I have quite a few financial responsibilities. In fact, it often seems they are never ending, and sometimes the bills make putting money away nearly impossible. However, I'm not someone who gives up easily, so I was determined to find ways to add to our savings even when money is tight. These are the four ways I've found to build our savings without taking any money from our budget.
Saving pocket change
When I think back to my childhood, I remember my parents and both sets of my grandparents having huge containers of pocket change they had saved. Now that most people carry plastic cards instead of cash, saving pocket change is far less common. My husband and I decided to save all of our pocket change, and have added as much as $7 to our savings in one week doing things this way. We even saved enough to pay for a weekend trip.
Rounding up check card totals
Just like with pocket change, saving the change from each check card purchase can also add up quickly. The best way I've found to do this keep two check registers; one with the actual totals, and one with each total rounded up to the nearest dollar. At the end of each month I figure out the amount we've saved, and move it into our savings account. We've saved as much as $40 in one month by doing this.
Saving cash gifts
The older I get, the more cash gifts I seem to receive on holidays. Most people say it's because I'm hard to buy for, but no matter the reason is, I use these gifts as a chance to add to our savings account. The gifts rarely add up to more than a few hundred dollars, but when things are tight every dollar counts.
Like most Americans, my husband and I usually receive a small refund from the Federal Government at the start of each year. We often use this money to pay off lingering debits, or to make larger purchases that we have been putting off, but we always try to put some of it in to savings.
We are lucky enough to bring home enough money to put a little into savings each pay period, but I know we can never save too much. These things do not take money from our everyday budget, yet they still allow us to build our savings.
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.More from this contributor: First Person: I Overhaul Our Budget Every MonthFirst Person: We're Paying for Our Vacation With Pocket Change
- Banking & Budgeting
- Personal Budgeting
- pocket change
- savings account