Easy Savings Plan

Many of us oldsters have retired or are looking to retire very soon. It is a must to have had a retirement saving plan in place during your working years. I cannot stress the importance of being able to retire with enough income that allows you to continue to live comfortably. Whether you’re retired or still working, it’s not a bad idea to have an extra savings plan in place.

Start a Savings Plan

I realize not every one is or will be in a good financial position when they retire. If all else fails, we have Social Security right? But for how long?

Life is surely uncertain, but we prepare for tomorrow and live for today.

There are other money subjects to get to, but for now I want to tell you about this online saving plan that someone referred me to. I’m in my Senior years and still think it’s smart to have a “for whatever reason” savings plan. Financial planners tell us to have 6 months of income set aside for an emergency.

Besides the well-to-do, how many people have such an emergency stash? But please know, you can start and do anything you put your mind to. We’ll talk more on that at another time.

Do You Save Your Coins?

My brother told me how he managed to save up $500 dollars very passively. Every day he would take the change (coins) from his pocket and put them in a big sparkletts water bottle. He said he did this for a year, I think he said a year……but since I don’t remember clearly, let’s just say 2 years.

After the second year of saving his coins, he needed money to buy his wife a birthday gift. Since the water bottle was now full, he started counting the many coins he had saved. Low and behold, the amount came to approximately $500 dollars by simply keeping leftover change stored away.

I heard a similar story for an insurance company ad on TV….remember that commercial?  The elderly gentleman said he has been saving his coins since he was a little boy.

So at the end of every day, whatever coins were still in his pocket, he would drop in his coins jar.  I did and still do that.

How This Easy Savings Plan Works

Just like the above stories of saving coins after a day of spending, this plan works in a similar fashion. How many of us use our debit cards like cash?

This plan allows you to link your debit card to your new saving account and whenever you use the debit card, your total is rounded up to the next whole dollar. The difference in your purchase amount and the rounded up amount is what goes into your savings account. Let’s say you spend $25.10 on groceries, $.90 will be deposited into savings. Easy peasy! You jump start this plan in the beginning with as little as $5.00.

Not only will you be saving, but your funds are tied to the market, so you’re not just earning practically nil on your money like the traditional saving account. So this is like an investment account, you may ask? I suppose it is because unlike coins in a bottle, your money will be working for you.

The company’s name is Acorns, which you might have already heard about. I really felt good about this plan after hearing a financial program professional talk about having a savings plan in place. He mentioned the Acorns company as a good savings/investment vehicle. I was really proud of myself.

Sisters, Watch Your Money Grow!

Acorns Company

Acorns offers much more than just a way to save money.  You may be able to earn extra money when you shop at certain stores on Acorns list of companies.

Check out the link and discover all the services this company offer.  Only you can determine if this will be a good fit for you.  Click the link below!


Here’s Another Fun Way to Save Money

Get a 2-liter soda bottle empty and clean.  Join my challenge and save nothing but dimes in the bottle.  I’m currently saving my dimes, but it seems like a slow process.

Then I had this idea.  Whenever I did my banking, I would exchange a $5 bill for $5 in dimes.  There was no way that I was going to carry that much change in my purse to make purchases.

I simply dropped those dimes in the soda bottle and watch my dimes add up.  I do this every one to two weeks.  By the time the bottle is full you should have at least $450 dollars.

I challenge you!  Let me know how you’re doing.

Be Blessed Everyone and Be a Blessing

Patti B

The Good Steward

PS:  If you already save your coins at the end of everyday, keep it up.  If this is something you don’t normally do, consider giving it a try.

Before you know it you could have a few hundred bucks saved away.  Sure would come in handy for the grandkids, or those special occasion gifts.

Isn't this an awesome looking Savings Bank
Isn’t this an awesome looking Savings Bank


Find an empty jar with a lid or an empty coffee can and toss those coins in and forget it.  I was on Amazon.com and found a few really neat savings banks.

Save for a Vacation





 It’s a Bank!

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