Saving Money Super Easy: Here’s How You Can Set Aside Funds For Your Financial Goals & Not Even Notice It
With the new year comes a fresh start for people all over the world. Aside from getting fit and healthy, resolutions lists are often filled with the intent to spend less and save more money. One good way to make this goal a reality is to try doing a savings challenge for the remainder of the year.
And since saving can seem like such a mammoth task, setting realistic goals such as putting together a couple hundred or a few thousand dollars is a good place to start. What more, it’s been proven to be effective as evidenced by the experience of this woman who uses a rather simple technique to save up for her financial goals.
One Simple Trick
British sales executive Erin O’Meara shares that the secret behind her consistent saving habit is putting every £2 ($2) coin she received in a designated savings jar. Putting this in action, the 27-year-old has ended up with £386 ($503) in one year by keeping aside coins. This amount has been earmarked for a house deposit she’s been building.
In an interview, the Surrey shared that the idea came from her observations of her father’s similar habits when she was a kid. She recalled being asked by him whether she had any £2 coins in change, which would always leave her wondering why he could possibly want them. Eventually, she found out the answer to her questions when she asked him for some tips on saving money.
Now, O’Meara is carrying on her father’s tradition as she saves for her big-ticket goals like purchasing her own home, traveling and even opening a business.
End of the Year Surprise
She also talked about how amazed and shocked she was as she opened her savings jar at the end of the year and saw just how much she ended up with. Things weren’t easy all the time though. There were times when she was admittedly tempted to crack open the tin she kept her money in and use it to spend on everyday purchases such as lunches and gas.
In the end, it was her dream of being a homeowner that helped her fight off the temptation of getting a can opener and spending her savings. She also commented on how challenging it was to actually find £2 coins.
Now that 2020 has rung in, O’Meara is determined to continue the beneficial habit she’s been practicing. This time, though, she’s ready to raise the stakes a little bit to increase her savings even more. As she told the website LatestDeals, she’s going to use a bigger container and collecting not just £2 coins but also £1 coins.
More in Inspiration
These Are The Design Secrets Behind Creating a Home Office That’ll Actually Help You Get Things Done
Working from the comfort of one’s home is an opportunity that not everybody has. But although many people dream of having...February 11, 2020
Prince Harry & Meghan Markle Just Made a Shocking Decision That Shook Up The Royal Family–Here’s Everything You Need to Know About It
Since they got together as a couple, the Duke and Duchess of Sussex have been known for their not-so-traditional ways. But...February 11, 2020
You’re Probably Wasting Precious Time Overdoing These Morning Rituals–Here’s How You Can Take Better Control Of Your Most Productive Hours
According to experts, the first two hours of a person’s awake time are also the most valuable of the day. And...February 11, 2020
You’ll Be Amazed to See The Incredible & Surprising Features These Celebrities Have Inside Their Homes
While the rich and famous may have plenty of things in common with regular folks, it’s no secret that some aspects...February 11, 2020
Traditions Aren’t Just For The Holidays–Here’s How You Can Create Your Own Set & Benefit From It
Every family has its own set of traditions they practice come the holiday seasons. May it be watching a specific Christmas...February 11, 2020
Get Ready To Advance Your Career By Leaving These Bad Pieces Of Advice Behind Once And For All
There is no shortage of career advice available on the Internet. In fact, there are so many experts and articles on...February 10, 2020
Millennials May Be Accused Of Killing The Housing Market But They Are Keeping This Business Niche Alive And Well
Millennials have been accused of killing a great many industries from diamonds to chain restaurants to the housing market. The generation...February 10, 2020
Check Out The Swanky Mansion Actor John Travolta Just Sold to Taylor Swift’s Nemesis Scooter Braun
Word on the street is that ‘Grease’ actor John Travolta has just said bye-bye to his longtime estate in Brentwood, California....February 10, 2020
Find Out What The Queen Really Thinks Of Prince Harry & Meghan Markle’s Surprising Departure From The Royal Life
The Duke and Duchess of Sussex’s decision to step down from their post as senior members of the royal family, or...February 10, 2020