Saving For a Rainy Day...

@twoey68 (13650)
United States
March 9, 2008 10:46am CST
We all like to save money. However, for most ppl it seems to be really hard since income barely pays the bills. I tend to save by dropping the change from the stores into my piggy bank. When I go to the store and write a check, say for $9.25 I ask if I can make it for $10. and then put the 75 cents in my piggy bank. Dollar General is the only store that doesn't do it b/c they only take a check for the exact amount. I also try to put the money I make here in my piggies but sometimes it gets spent if we need it. So how do you save? What are your tricks to saving? What's the fastest way you know to build up savings? **AT PEACE WITHIN** ~~STAND STRONG IN YOUR BELIEFS~~
19 people like this
49 responses
@nancyrowina (3850)
10 Mar 08
I just opened a savings account with my bank that allows you to withdraw the money with a card from cash points, but I keep having to empty it. I'm going to put some of my online earnings in there if I can but I will probably need most of them. So far I've saved for a dentist consultation and had to empty it now I'm saving for my rent and will have to empty it again next Monday. It does pay quite good interest though sop even if I can only leave a few pounds in it I get some interest at least.
2 people like this
@annieroos (1846)
• United States
15 Mar 08
Actually i haven't been able to save with moving and my hubby being out of work for the month of December really set us back .. big time.. But i would imagine saving like they way you do it.. just putting money aside.. helps.. and if you save all your change when you don't need it.. it can be a good thing.. A savings account at the bank is good to.. Good luck saving that money..
1 person likes this
• United States
14 Mar 08
i to have done the change jug thing, adding every little bit i can hear and there and it does add up. i started a savings account with the money from the jug. i slowly have been adding every little chance i get. when i cashed in the change jug it was not that much but it was enough to open an acount with threw the bank that i went to. i started out with only fifteen dollars, adding to it i now have it up a bit over fifty dollars. i am saveing to get me and my kids away from a very bad situation.
@carolscash (9498)
• United States
14 Mar 08
I save my change too. However, I had never thought about writing the check for the excess change and putting it in the bank. It is extremely hard to save money these days with gas prices as high as they are and money so tight with everything else.
1 person likes this
@slickcut (8141)
• United States
12 Mar 08
My check goes into the bank automatically,so i have the bank take out $50.00 each month from my check and put it into a savings account..I never miss it and it builds up pretty fast...I also save my change and extra dollars i get and save that in my piggy bank...
1 person likes this
@34momma (13891)
• United States
12 Mar 08
the piggy bank is a great way to save your change at the end of the day. i know when my little piggy gets full i have a nice amount of money to buy something for me or my kids. but what i like to do is, i opened up three savings account with ING Direct. one is for me, one is for my children, and then i have a all about me account. I put in a few bucks per check into my savings accounts for me and the kids. then i put 10 bucks a week into my all about me account. that money is for me at the end of the month when i want to buy something just for me. i don't know if there are any tricks, but i think if you don't try to put so much away to the point you have to go in there and take money out, then you are going to be ok. so if you can put away 5 bucks away and it is not going to keep you from paying bills then i so go for it. remember it's your future why not invest in you
@irishmist (3818)
• United States
12 Mar 08
I have a few ways that I save money. I call them my little funds. I have my paypal account. the money I make from clixsense goes towrd my Christmas fund as does spare change and money from returning bottles and cans. My senderrnings and inbox dollars pays for my P.O. box. when I get overtime pay from work, half goes to a bill the other half goes to a fund. I'm always coming up with little ways to save money.
1 person likes this
@Celanith (2334)
• United States
10 Mar 08
Pretty much the same way as your. Some change goes into piggy banks several of them. 15 to be exact. 12 grandkids and change for me and for hubby and then one for special times. We also seperate pennies into a jar by themselves. When they get full we save about $5.00 to keep the rest we put in the bank accounts. We don't always have change and some change I keep for Sabbath offerings at church each week too. We are on tight budget but manage to over time usually a year or more to fill the banks up unless needed for emergency or something.
@mummymo (23707)
10 Mar 08
We are in the impossible to save category! Month to month is very difficult and it takes us to get to pay day without running short - specially with 2 growing kids who are always growing out of clothes, scraping the toes out of their shoes or holes in their trousers/tights! We do have a HUGE empty whisky bottle (we got it empty we didn't drink it) which has a slot cut in the lid that we try to put all our loose change in and cash out for our holidays! xxxx
1 person likes this
@chrislotz (8200)
• Canada
24 Mar 08
We don't have any savings either. I think that most people don't save any as in it is hard enough just to live and pay bills. I know a lot of people do, just not the average joe like us. I do save some change whenever I have any, but that wouldn't last very long if my hubby lost his job or something drastic were to happen. I might put away maybe $20 a month in change but we end up using it. It is so hard to live from payday to payday and sometimes we don't even make it that far and have to borrow money from my mom. And then the next payday we have to pay here back so it is so hard to get caught up that way, so we don't do it unless we absolutly have to.
@Loen210 (1540)
• United States
23 Mar 08
Oh, how cute! Good for you! I am so happy when I hear of adults who actually keep the piggy bank, and save down the cent. I don't have piggy bank, but I always try to make payments down the exact penny. Reason is, I hate breaking down bills, especially bigger bills, as it's like you lost so much more money. Partially mentally, but true somewhat. I try to find all Sunday newspaper coupons and sales. Also, sometimes some websites, I will remember to check for coupons (like couponshack or such). Good for you, and keep it up. Every cent counts and adds up to a big number in the long run. :o)
@cripfemme (7710)
• United States
22 Mar 08
I don't save money. I have too much debt. I promise myself to start doing it, but anytime I start to, something comes up to take away all my har saved money. Maybe I'll start rmploying your change saving idea.
• Philippines
22 Mar 08
I don't have any savings and I am loaded with bills to pay. I have 5 kids and a husband who doesn't work. I have a maid to pay and needs gas for my car. And all the bills and food at home I pay. No chance of getting anything saved. I will try to save though soon when all my bills are paid.
@bizmom (515)
• United States
19 Mar 08
wow!! seems like a good system u got going its so hard these days with the price of gas alone!! :( but what hubby and i have done its we had set up a checking account with JUST our mortgage going in and out of it BUT its our savings as well as emergency fund - IF * knock in wood* we needed anything-- gas for the week, a visit to the DR, meds ... whatever its there we do NOT touch that money otherwise! we have a % of hubby and my pay going into it and there it stays! my other half pays groceries and *extras* - kids lunch money, what they need clothes, shoes etc.. hubbys other half does bills and expenses ( or some of mine as well) even tho its all OURS!!! LOL doing it that way actually saves us money and we have some left over for fun and or mini vacation weekends- sometimes :) we also save our *pennies, lose change* in a jar and i roll them every so often take to the bank and cash them in! woohoo! whatever helps these days :) XX
• Australia
18 Mar 08
Our paypal account (hubby's and mine) is shared. His blog sites earns the money, and I spend it! lol. That way, we are getting the items we want and not having to draw on our every day income. Just bought a coffee maker with his writing efforts, something we had been saving for for the last couple of years. We also buy a lot of things in bulk like washing powder, shower/hand soaps and nappy wipes. Not the top quality, but gives us a little bit extra to splash out and get the better quality when they are on special. Other than that, me not going out all that much helps us to save! lol.
@suehan1 (4345)
• Australia
15 Mar 08
i really don't have a savings plan,but i have 2 bank accounts and when i get paid i might transfer a few dollars into the account i don't touch.my ex use to throw all his 50 cent coins into containers and hid e them in his cupboard,so i guess thats kind of like a piggy bank.cheers sue
@pumpkinjam (7585)
• United Kingdom
15 Mar 08
There are some banks which do a "save the change" thing where, for example, you pay 9.50 on a debit card or cheque and the bank transfers the .50 to a savings account for you. I think that's a good idea but unfortunately some of us can not access those kinds of accounts because we don't have enough income! I save lots of change. I have an old baby milk tub which I put my change in. I need a lot of change now for my customers but before I started my business, I could collect £25 in my tub but I'd usually have to pay it out to someone! At least it was there to pay. What I do sometimes is when I have money in the bank, I'll pay whatever odd amount is there into my online savings and then transfer anything else after all the bills have been paid. I think that's a good way to do it because then you know the money's there when you need it. It isn't much at a time but it helps!
@rcaira7 (145)
• United States
14 Mar 08
I save coins too...they really do accumulate and is the most painless way to save....of course, you won't get a solid retirement account this way, but I out the money into my kids savings and i will add up by the time they are older.
• United States
13 Mar 08
What we do is round up everything in our bank book to the nearest dollar amount. And when we have deposits we round down. You'd be surprised just how much that adds up over a years time! When we bought our house we had nearly a thousand dollars in there that we 'didn't know about'. It's our safety net. Though we spent most of that when we moved in here for paint and things. It came in real handy. And last year I used most of what we had saved again - we needed it.
@CatsandDogs (13964)
• United States
12 Mar 08
This is MY piggy bank. lol - because it has NO money in it! It's dying of starvation!
If only we could do that but we can't. Hubby is still fighting the VA for 100% disability and unemployability which could take up to or more than 2 years. What do they expect us to live off of during that time? Good grief! I'm hoping I can get ssi. I've sent a letter to my senators in hopes one of them can help me get it so it'll help us get by better than we are now.