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April 7, 2015: Sock Away a Dollar a Day
If you’re not convinced you have any extra money to save, or aren’t that disciplined about saving just yet, I have a simple tip for you…
If you have absolutely no savings plan in place, I want you to sock away a dollar a day. You heard me: take one dollar and put it away each day. You could move it into a savings account or literally put it into a big glass jar so you can watch your savings grow.
This is a particularly great exercise to do with young kids because not only do they learn from your actions, but they will be able to tangibly see the impact of savings.
And don’t get fooled into just setting aside $30 at one time; part of this exercise is to make you think about your savings each and every day. But if you are faithful in this process, you’ll earn much more than $30 a month or $360 a year, you will learn what it means to become a saver for life!
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The Family Money Minute is made possible by Operation Christmas Child, who reminds us that by saving money, we can make a bigger impact on the lives of needy children around the world.
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