Saving money is always more productive when you have dedicated savings accounts for different goals. This is a given when it comes to retirement, education, and emergency funds, but what about the other stuff?
Many of us lump our savings into one place for use on.. well, whatever comes up. It's important that we have some fun too! If your savings are all bunched together, sometimes it's hard to justify taking some out for fun without feeling guilty.
Make it Fun
A great way to have fun with savings is to have a physical place for your extra cash (assuming you can find some). Think coffee can, spaghetti sauce jar, or just about anything that will hold currency (I prefer transparency so I can see how we are doing). Then pop a colorful label that states clearly what this fun money is dedicated to (whether its words or a picture your kids draw). You and your signot (significant other) can have "love" money for hitting the town and your kids can have "play" money to contribute for whatever they decide. If you don't have the energy to clean out a dirty jar, you can find some fun ones at The Find!
Guilt-free and a Teachable moment
This is a great way for you and your partner to rid the guilt of going out when you are on a tight budget and a great way for your kids to learn to save and to learn delayed gratification. Of course, you can do this in an official savings account as well, but let's be honest, its fun to see that money grow on your counter too.
Some other ideas:
The Takeaway
The next time you save some cash with coupons, clean out the couch, or find extra change in your pockets or purse- throw it in a fun (and visible) place and watch it grow!
Many of us lump our savings into one place for use on.. well, whatever comes up. It's important that we have some fun too! If your savings are all bunched together, sometimes it's hard to justify taking some out for fun without feeling guilty.
Make it Fun
Guilt-free and a Teachable moment
This is a great way for you and your partner to rid the guilt of going out when you are on a tight budget and a great way for your kids to learn to save and to learn delayed gratification. Of course, you can do this in an official savings account as well, but let's be honest, its fun to see that money grow on your counter too.
Some other ideas:
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| Love this concept: see what your cost-cutting measures have saved you. Another idea: when you go to the grocery store with all those coupons, get a subtotal before the coupons and then throw the cash in your jar with whatever those savings were! |
The Takeaway
The next time you save some cash with coupons, clean out the couch, or find extra change in your pockets or purse- throw it in a fun (and visible) place and watch it grow!
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