Thursday, January 31, 2013

Challenge #31: Jar of Excitement

Saving is hard to do--we live in a society of instant! A new car, new couch, new bedroom suite...all these things I can say I bought instantly at one time without saving or really considering the purchase. All good things come with time.  Why buy a new car then be consumed with paying for it or pay double for a $350 couch because of credit card interest.

Today's Financial Challenge:  Get a jar or Gallon jug-something to put change in. Label the front of the jar with the item or vacation or whatever you want to save for; then duck tape the top leaving a slit for you to put coins in. You can't empty it or get any change out till it's full. Drop all your spare coins in and see how long it takes to fill up! Easy way to save.

When it's full open up a savings account with the name of the item you are saving for. See how long it takes you. 

Challenge Issued!

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