Our Secret Tip To Save Money – Saving For Our Next Trip To Florida
I enjoy life – unfortunately so much about daily living requires money. We all want an unlimited amount of income but it just is not realistic for 99% of the population.
In order to do the things we want to do and have the things we want to have (such as 3 horses) – we need to constantly save money. I hate feeling like we are suffering in order to save – I would much rather make small, less noticeable changes that don’t impact our quality of life too much.
Here are some of my go to tips:
We each have a Digit.co account. That account allows us to have money when we need it (or want it). I tend to use this savings when I am in a pinch with property taxes or just don’t quite have the funds readily available for something for the horses. Digit.co is a auto savings program and entirely online. You sign up with just one checking account. If you’d like to do a second checking account, you need to set up a second Digit account. How does it work? Every few days, Digit checks your spending patterns in your checking account and moves a few dollars from your checking account to your Digit account, if you can afford it. Easily withdraw your money any time, quickly and with no fees. Occasionally, I get a text message that asks me if I’d like to increase my savings (one time increase) and if so, by how much. Sign up for Digit today and start saving immediately. This is the most amazing program.
I have my primary checking and savings account with Bank of America. They have a program called “Keep The Change“. This program tracks your spending with your debit card and rounds up your purchases to the next dollar – all of those “round ups” are transferred to your checking account. When I buy gas – I purposely pump $25.01. Then at the end of the day $.99 automatically is transferred to my savings account. This is tied to the debit card – it is simple, painless and I just watch my savings account grow.
Walmart Savings Catcher. This one isn’t as “passive” as the others but it is a painless way to save. Whether I like it or not, we do end up doing a fair amount of shopping at Walmart. It is one stop, convenient and close to our house. There are actually a few reasons I love Walmart Savings Catcher but I will tell you about the “savings” piece first. Whenever we shop at Walmart, I scan the receipts into the Walmart app on my phone. If you don’t have a smartphone – you can scan or type them directly to their webpage online. Let me say that again – YOU DO NOT NEED A SMARTPHONE to use this program. When I scan my receipt, the app will tell me how many stores are in the price matching area. Near my home the app price matches 19 other stores sales. When we shop in Maine, the receipt is compared to 42 other stores – I save a lot more money when I shop at Walmart in Maine… In a few days I receive an email telling my they have finished comparing prices and I saved $x.xx – or in some cases, they weren’t able to find me any savings. The savings are maintained in my Walmart Savings Catcher account and I usually use them to purchase directly from the store once I have quite a bit saved. One thing I will caution you on is hackers love to hack into Walmart and so many times I have been hacked into and my entire Savings Catcher balance was stolen. Walmart has not once honored it and given it back to me. So if you start this account – get the savings off the account periodically/frequently onto a card. They can’t hack the card! Now, even when I am purchasing things that I know I will not get money back – I still scan my Walmart receipts. One huge benefit is we tend to buy a bunch of the $5 or $7.50 videos from Walmart. They are far cheaper than taking the whole family to the movies and we can watch them over and over. But when we purchase most of those videos and scan our receipts – a digital version of the movie automatically feeds to our VUDU account (app) and then we can all watch a digital version any time we want. We almost never actually watch the DVDs – we always watch digital and everyone can choose what they are interested in. And when the kids lose the DVDs – no big deal, we still have the digital.
My favorite tip to share with you is my $5 tip. Sometimes it is my $5 and $10 tip. Basically every night when I get home I take any $5 bills that I have and put them aside. I am not allowed to touch them until I want them for something major. When I have some flexibility I follow that same rule with $10 bills. So the only thing I walk around with (if I have cash) – are $20 and $1 bills. I don’t carry cash too much – we are a debit card society. But when I do – I don’t keep the $5 bills.
This next tip takes much greater effort – couponing. But I can tell you when I make the time to do it – I can easily stick to a grocery budget and build a stockpile on a relatively small amount of money. I use printable grocery coupons as well as Sunday paper coupons. I match my coupons with sales and even triple my savings with store coupons. There is definitely a certain thrill about how much can be saved with coupons. There is an entire world out there that saves more than the occasional $.50 coupon. It is exciting and rewarding and when I do it to an extreme I am able to help so many people. Huge fun!
What tips do you have to save for something HUGE?