Saving money is always a good thing, but saving it and making it count for something is even better. Depending upon your reason for saving money, here are a few ideas for turning that savings into something worthwhile.
Save for a Cause
Make a savings goal to help others. Earmark some of your savings to go toward a cause you want to support. You can choose to save and support in a number of ways. Perhaps you can plan to save a specific amount of money each week for one or two months for a specific charity or cause then choose to do the same another month for a different cause.
Save for a Vacation
Perhaps you are hoping to take your family on a vacation in the coming months. You don’t want to take money from your regular budget to finance a vacation, so you will need to scrimp and save over time to fund it. The more you save, the more you are able to do during your vacation time, so there’s plenty of motivation to pinch every penny!
Save to Pay Off a Bill
If you have a few bills that you just keep plugging away at and are tired of dealing with, paying it off is an ideal situation. This is a perfect reason to save money! Cut back where you are able then use the extra to save toward paying off that bill.
Save for Holidays and Birthdays
Holidays and birthdays roll around every year and they always cost a little something. Saving up money to cover those costs so it doesn’t come out of your regular budget is wise. Start plunking back a few pennies here and there as soon as possible so you can spend the savings on the next birthday or holiday that is coming up.
Save Your Change
One painless and easy way to save a little extra money is to save your change. Most people come home after work or errands and usually have some change stuffed in their pockets. Set aside a jar to throw that change into and save it up. Pay with cash whenever possible and commit to throwing your change into the savings jar. You might be surprised at how quickly that jar can fill up. When it’s time to use what you’ve saved, roll it up (your bank should give you coin rolls free of charge) then take the rolls to your bank and exchange it for bills. Easy peasy!
Sure, it’s great to have a nest egg set back for a rainy day, but saving up for something specific adds motivation to your savings plan. Pick a reason to save and you might be surprised at how much you put back. Once you use that money for the purpose you have chosen, you will certain feel a sense of accomplishment that you’ve made that money count for something important!
Save Money and Make it Count!
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