Save Those Pennies! They Add Up

1358961027gd63gAbout a year and a half ago, my husband and I decided that we wanted to eliminate the car payment, and so we employed all sorts of methods of scrimping and saving to do this, including reducing our grocery bill, eating out less frequently, and finding fun and free things to do.

One big step that got us closer to our goal of paying off the car loan was turning in all of our change. We had a few baby wipe tubs full of change, which we took, as a family, to the bank. We loaded the change into the change machine and wound up with more than $500! So, all of that change really does add up. It is worth saving it.

First, get a container for your change and put it in an easy-to-reach place. You want to get into the habit of dumping your change into it each day when you get home, so if you have it located upstairs, well, that just isn’t going to work well. Your container can be anything you want it to be, as long as it is visible. I’m not a big fan of those empty water containers that are often used. They tend to be heavy and unwieldly, and it takes too long to fill them up, so the motivation to save often peters out.

Next, make it a point to pay with cash whenever you can. Paying with cash generates change, so you will automatically be gathering and saving your money. Plus, when people pay with cash, they tend to spend less, so you will get extra savings right there.

Encourage other family members to dump change into your container to help your savings add up quickly. When it comes time to turn in the change, the whole family can be proud of the accomplishment.

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About Mary Ann Romans

Mary Ann Romans is a freelance writer, online content manager, wife and mother of three children. She lives in Pennsylvania in the middle of the woods but close enough to Target and Home Depot. The author of many magazine, newspaper and online articles, Mary Ann enjoys writing about almost any subject. "Writing gives me the opportunity to both learn interesting information, and to interact with wonderful people." Mary Ann has written more than 5,000 blogs for Families.com since she started back in December 2006. Contact her at maromans AT verizon.net or visit her personal blog http://homeinawoods.wordpress.com

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