First let me say this method works for me, but it may not work for you, however everything is worth a try in my opinion if it will help you save money.
There is a saying "slow and steady win's the race." That applies to my first way of saving money. I would love to say I came up with this idea, but I didn't a lady (I don't remember her name) on the Prairie Homemaker site first told me about it and I fell in love with this idea.
I will tell you what I do and then you can adapt this to suit your purposes. Dh gets paid every Wednesday, so I do all the online banking on a Wednesday. So when I check what's in the account, say it's $528.92 as the balance, I take the $8.92 and transfer it over to an RRSP account I have. Now if there is $513.28 in the bank I would transfer $13.28 into the account. So are you getting the jist of what I am doing? I only do this once a week, you could do it daily, a couple of times a week or even once a week like me. You can transfer that money into whatever account you want, just transfer it.
I started doing this back in January 2006, with a goal of saving around $500 a year, which I know isn't much, however as of the beginning of November I now have $1,700 in that account, by just doing this. I haven't missed the money, as its not a set amount, it's just whatever I have in there that week. So as you see "slow and steady is winning the race here." By the time I reach the age of 65 I will have saved around $12,000, just by doing this, which will hopefully pay for a couple of nice holidays when we retire, or our utilities for a couple of years........
I did the following post back on May 26th, 2008, this is a simple way of saving money:
One thing I have is a daily savings pot. Its a simple thing I do. I split the year into three, four month blocks. Every day for the first month I put 25 cents per day in the pot. In the second month I put 50 cents per day in the pot. In the third month I put 75 cents per day in the pot. In the fourth month I put $1 per day in the month.I then start over again, for the next four months, and then again for the next four months.
If you do that you will save the following:
For a total of $227.50, all by following that simple plan.
Another thing you could do is the following:
January 31 x 25 cents = $7.75
February 28 x 50 cents = $14.00
March 31 x 75 cents = $23.25
April 30 x $1.00 = $30.00
May 31 x $1.25 = $38.75
June 30 x $1.50 = $45.00
July 31 x $1.75 = $54.25
August 31 x $2.00 = $62.00
September 30 x $2.25 = $67.50
October 31 x $2.50 = $77.50
November 30 x $2.75 = $82.50
December 31 x $3.00 = $93.00
for a total: $595.50, that's pretty good by just putting your change away.
Of course at the end of each month you could put that money into your high interest savings account and make even more money!!!!The goal here is to get you used to saving money everyday.
I will post next week about my "boxes."