Saving money is something we all struggle with from the young age of 16 to the adult age of 50. After a little experimenting I have found a couple simple and easy ways to save money. As a college student, these few methods are very simple and very do-able.
Bank Your Change
You may have heard of programs like this on television. You use your card to make purchases and the bank rounds the purchase amount to the next dollar, putting the difference into the account of your choosing. For me, the account my change is placed into is my CD account. When starting a CD account, you choose how long you wish to keep your CD untouched. That means you will be forced to save money through saving your change.
The Jar Technique…
…otherwise known as the literal save your change technique. I do not like to carry cash, but when I do I try to break it down to as much coin change as possible. I think put it in an old mason jar and save it to a certain date or till the jar is full. I also like to put my one and five dollar bills in the jar. If I have something planned, like a dinner date with friends, a bowling night with family, a car wash, etc., I get the money in cash and put it in the jar as well so that I know I have it when I need it. If you are like me and spend cash when you have it, the jar technique is an experiment you may want to invest in.
These are two small and simple ways to save money. Whether you are a college student scrimping by for loan payments or an adult just trying to save a little pocket change, both these methods are worth your time. Check them out and let me know how you do!