Easy 'sneaky' ways to save! - Fox 2 News Headlines

Easy 'sneaky' ways to save!

Posted: Updated:
ATLANTA -

Saving money should be a no-brainer. We know it's the right thing to do, but it can be really challenging for a lot of us. What if you were tricked into savings?

Did you mom ever say that you're going to nickel and dime yourself into the poor house? It's the mind frame of, 'Oh it's just a dollar'. Or, 'Sure, I'll buy it, it's only five bucks'. It does add up. So let's take the advice of a lot of mothers out there and turn that pocket change into savings.

Let's start with your grocery store receipt. Pull it out. You've used your coupons. The receipt says that you saved, say, $1.36. Now take $1.36 and toss it into a change jar. Actually save it.

And now that we have the change jar out, let's take it one more step. Empty your pockets and drop your change in there every night. It adds up. Let's say you collect $10 a week. Doesn't sound like much, but at the end of the year that is $520. That's Christmas shopping money.

Here's another trick. Try the random number challenge. Pick a number, then look at your cash and whichever bill's serial number ends in the same number, then drop it in the jar.

This all compliments the traditional ways to save by taking your raise and putting it into savings, by using direct deposit to add to your savings account and by putting those credit cards away.

But you can always do more. So, let me give you one more idea. It's called the calendar challenge. People here at Fox 5 do this one.

The first week of the year put $52 into savings. The next week contribute $51, the next $50, and so on. At year's end you'll have $1,378 saved for something big like a vacation.

And one last idea: If you have Bank of America account, look into a program called "Keep the Change."  It rounds up debit card purchases to the next dollar then deposits that difference right into your savings for you.

 

  • I-Team Story ArchiveMore>>

  • Good Day Atlanta

    Teaching your kids the value of money

    Teaching your kids the value of money

    Monday, September 15 2014 11:22 AM EDT2014-09-15 15:22:34 GMT
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
  • GA Lottery targets shadow winners

    GA Lottery targets shadow winners

    Sunday, September 14 2014 5:30 PM EDT2014-09-14 21:30:57 GMT
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
  • Graphic video of Forsyth Co. Courthouse shootout

    Graphic video of Forsyth Co. Courthouse shootout

    Thursday, September 11 2014 4:43 PM EDT2014-09-11 20:43:06 GMT
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse.
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse in June.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Get educated with online classes

    Get educated with online classes

    Monday, September 15 2014 12:40 PM EDT2014-09-15 16:40:23 GMT
    Ever wanted to take classes but thought you didn't have the time or or you couldn't afford it? Well with more and more online options out there, you do and you can. And many of them are free.
    Ever wanted to take classes but thought you didn't have the time or or you couldn't afford it? Well with more and more online options out there, you do and you can. And many of them are free.
  • Good Day Explores The Wide World Of Gourds

    Good Day Explores The Wide World Of Gourds

    Monday, September 15 2014 11:36 AM EDT2014-09-15 15:36:21 GMT
    There's a chill of fall in the air, but that's not the only sign of the approaching change in season. Right now, pumpkin patches are opening around the region -- and whether you're planning on carving
    There's a chill of fall in the air, but that's not the only sign of the approaching change in season. Right now, pumpkin patches are opening around the region -- and whether you're planning on carving or cooking, there are dozens of varieties to choose from. Good Day Atlanta's Paul Milliken has a look from Dawsonville.
  • Good Day Atlanta

    Teaching your kids the value of money

    Teaching your kids the value of money

    Monday, September 15 2014 11:22 AM EDT2014-09-15 15:22:34 GMT
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices