Several years ago I read an article in a magazine regarding various ways to save money. One of these tips was to save your five dollar bills. Which is what Mr. and I started doing in 2009. Since then, we have paid for three cruises this way!
The way it works is:
Mr. stops at Starbucks on his way to work for coffee. The total is $4.28. He gives the cashier a $20 bill. They in return give Mr. three $5’s and some change. That coffee just cost Mr. 19.28 due to the fact that the three $5 dollar bills have to go into the “fund”!
Same thing happens to me at Chick-fil-a! I order a meal that comes up to $4.91. I pay with a $10 bill. Now, unless they are out of $5’s, I’m going to get one back. Again, that $5 bill goes into the “fund”!
You won’t believe how quickly it can build up. There are some months where you hardly get any $5’s and there are those months that you save over $100! Now, you have to be disciplined and not spend those fives. AND you have to be a family that uses cash. So many individuals only use their debit/credit cards for everyday life.
Also any money that doesn’t get direct deposited into the bank, gets put into the “fund”. Such as birthday money, credit cards cash back rewards, etc. Even the sale of the zero-turn mower went into the “fund”. Cha-ching!! 🙂
I can almost hear the sound of the ocean again!
Or maybe new countertops and floors in my kitchen!