Saving money can be a challenge for most people. We have to pay bills, live a life and raise children. All the money you have set aside is caught in Murphy's Law, and before you know it, back-to-back emergencies will eat up your nest egg. There are tricks to save money, and Mary Franklin has found a simple and ingenious way to save over $ 40,000 in 13 years.
Something about Mary
Mary Franklin is a mother of two and a journalist looking to the future. Mary and her husband knew that they wanted to reserve money for their daughters, but no matter how hard they tried, their savings plans did not last. The time ticked. Mary came up with a plan.
Mary made a commitment to set aside five dollars each time she put her hands on a five-dollar bill. Soon she started to save more than she had imagined!
Mary explains on her blog that her system only works if you use cash. The world of today is so vivid and digital that it's easy to lose track of what you spend. If you're trying to save money, that's a big no. You should start looking for the coming week and deduct enough money to pay cash in cash. Every time you receive a change and there is a five-dollar bill, put it aside and do not spend it. No matter what.
Mary had a special place in her wallet for her five. She took her home and put her in an envelope. As she amassed enough cash, she went to the bank and deposited her in a special account – one she never touched. For more than 13 years, Mary saved nearly $ 40,000 for her daughter's future!
Grow your Piggie Bank
If Mary can do it, you can too. People have tried Mary's method with great results and some have varied the method. Can not afford to set aside five-dollar bills? Try a dollar bills. Save at least $ 1 Bill over a year and you'll have $ 365 without a sweat. If you can afford more, try $ 10 or $ 20 dollar bills and watch your savings grow like wildfire.
It's important to save for your future, and if you have to deceive yourself, so much the better. Three things to keep in mind: Always use cash, make sure you stash at least a five-dollar bill a day, and record that money In one place you will not be able to touch it or touch it. In the near future you will also have a big one Nest egg fall behind.