On line savings

thanks never thought of doing this mostly I forget the cupons and leave them home or in my pack lol

What a wonderful idea! I just might try it myself. Thanks for the wonder idea.

That's a great idea, and a good motivator, too!

Wow 40 dollars already. That's pretty good. I hope you can keep it up all year. I would love to do something like this. I probably wouldn't be able to do it though. I wish you the best of luck!

Thanks for the idea we use coupons alot it saves money.

That is a great idea. I may try it. I already do a lot of my banking online, so I'll just use the savings account I already have- which has precious little in it right now. Another idea I have heard is when you make a purchase, round up to the next dollar and put that amount into savings. It's just pennies at a time so you don't notice it missing, but they add up quick.

Yes, I do like the idea of putting the money away as soon as you get home in a jar. Make sure you have the correct change to do this when you leave the grocery store. If you have to make change for yourself when you get home, you risk missing that payment by waiting till later when you get the proper change. I'm doing something similiar. Someone turned me on to the concept of snowflaking. By using all these little bits, as one snowflake adding to another snowflake, it adds up. I then apply that to the one top bill that I have and am actively trying to pay off. To the person who said that they need to use this money as their regular contingency fund because they have nothing in savings. We should all start where we are, because we have to start somewhere. Decide how much you need to have put in your contingency fund. Usually this would be six months of expenses. I'm only going to put about 1500 in my contingency fund (enough for a hefty car repair) then put the rest of my contingency fund in the online high yield savings account like Shelagh77 said. The local banks are not paying half as much. If I run into a real emergency like I break up with my boyfriend and need to rent a place, or a twist my leg at work and have to take off work, then I can transfer the money back into my checking account. Ultimately tho, we all should be trying as hard as we can to get out of debt, build reserves, and then, these precious few dollars that we save at the grocery store, would have 25-45 years to live in harmony in the bank and investments and keep building us interest.