Some families have little faith in their ability to save money. They may think that because times are tough, they cannot possibly set aside enough money to create a significant savings account. Several creative ways to save money exist, however. The following are a few tips on materializing money for a savings account.
Feed Pennies to a Piggy Bank
Many consumers take the almighty penny for granted. Some of them disregard pennies because of their bland color, while others take them for granted because they are only worth one cent. A consumer who truly wants to save money can place those copper collectibles in a destination that is much more valuable than a trashcan is. A piggy bank is the perfect place for the change one receives during trips to the local store. Banks have coin-counting machines that can convert pennies into paper cash. A family can collect as much as $20 per week just on pennies alone.
The House Rule Method
A debtor can use a set of house rules to save money. For example, the person can take an empty tissue box and label it “broken rules.” Every time someone in the house breaks a rule, that person can place $1 in the broken rules box. Broken house rules could consist of using profanity, coming home late, telling lies, failing to complete house chores, or earning poor grades in school. When the tissue box starts to overflow, the family will have a bundle of money to place in a savings account. The house rule method is creative, and it can help to improve the behavior of everyone in the home.
Random Scavenger Hunts
Money can end up in the most unlikely places. One way a family could gather funds for a savings account is by going on weekly scavenger hunts. Scavenger hunts can start inside the house and expand to local grocery stores, convenience stores, Laundromats and the like. The amount of scavenging a family does depends on the urgency to create savings. Most people can find change under couch pillows, underneath the beds, inside the laundry, underneath vehicle seats, and in between vehicle seats. Public change treasures sometimes hide inside of retro-styled phone booths, laundry room change machines, candy machines and more. The change from scavenger hunts can quickly turn into positive dollars.
Saving money is possible even for families that are in the worst conditions. The members just have to have faith and remain aware of their surroundings.