We all come across articles with great tips on how to save money. It seems we read or hear about a never-ending list “quick and easy” ways to save an extra dollar here and there. Let’s be honest. With a “threenager” running around the house, most of these plans just aren’t feasible for me, if I don’t want to lose my mind in the process. So, I decided I was going to find my own way to save the money for our Disney vacation without having to sacrifice my family time and sanity.
I created my own personal, super simple 30-day savings challenge. Every time I bought something, I rounded my purchase up to an even dollar amount and put the “change” into an account dedicated to our vacation. I know what you’re thinking. Can I actually save enough to make it worth my while? But my change started to add up!
1. Every transaction I wrote in my register that took money out of my account, whether it was a withdrawal, debit card purchase, automatic bill payment, etc. was rounded up to the nearest dollar.
2. For the transactions that were already an even dollar amount I would round up an additional dollar.
3. I recorded each transaction as two separate line items in my check register – one for the actual amount of the transaction and one for the additional amount you are rounding up to save. It took a little extra time when balancing my checkbook. In the end, the extra few minutes were worth it, because my bank statements then showed two separate transactions as well.
During my thirty day challenge of rounding up every single transaction that came out of my checking account, I saved a total of $68.76. Think about it – that’s $825.12 over a year!
Who knew that by incorporating this simple habit into my daily life, I could save hundreds of dollars a year without giving up any more of my time and treasures?