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
Efficient and Frugal Home Cooking Strategies to Learn During Quarantine
All of us are trying to outlive the virus while eating homemade food and trying new recipes at home. Although we...May 7, 2020
Royal Riches: Guess Which British Duke is Wealthier than Queen Elizabeth
Since Queen Elizabeth II is the reigning monarch of the United Kingdom and the other Commonwealth realms, you would probably assume...May 6, 2020
Get to Know MacKenzie Bezos—Former Wife of Amazon Chief Jeff Bezos and One of the Richest Women in the World
People know MacKenzie Bezos as the wife of Amazon chief Jeff Bezos. They have been married for 26 years before they...May 6, 2020
Ron Perelman and His Way of Making a Fortune
The total assets of the richest individuals on earth have been developing at insane rates. This development is the aftereffect of...May 4, 2020
Scott Disick Relists Hidden Hills Farmhouse for $6.25 Million
Ever had the desire to acquire a house renovated by Scott Disick? Well, first of all, you will need $6.25 million,...May 1, 2020
COVID-19 Tests of Miami Zoo Tigers Come Out Negative
Good news for Miami Zoo fans: the tigers in the animal center are now declared negative for the COVID-19 virus. The tests...April 30, 2020
This Just Might Be the Perfect Destination After the Quarantine—Plus: Things to Do While You’re There
We might not be able to go on vacation for now due to the pandemic, but it doesn’t mean that we...April 29, 2020
Leanne Ford of HGTV is Selling her Minimalistic, Rustic Home in Los Angeles
HGTV actress Leanne Ford planned on making her new house in Los Angeles her young family’s eternity home, yet her plans...April 29, 2020
Rihanna Steps in to Provide $5 Million to Boost Coronavirus Related Efforts
Well-known celebrities are contributing to relief funds from the ongoing COVID-19 pandemic. Rihanna has also joined the group with her Clara...April 28, 2020