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01-05-2008, 01:40 PM
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#197
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turn your checkbook into a savings account!
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Newbie
Last Online: 01-13-2008 12:37 PM
Join Date: Jan 2008
Posts: 2
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Warning! You must be VERY diligent in balancing your checkbook for this tip! But wow - it works.
We hear the phrase "being nickled and dimed" a lot. One day I thought, why can't I "nickle and dime" our everyday purchases and turn them into something positive? When I enter a purchase in the checkbook, I round it up to the next one or two dollars, and by doing this, I am able to save $50 a week on average - and we never even miss it! Example of how I enter it in my checkbook register:
Description and Actual Charge..............Amount Subtracted from Balance
gas and lunch ($54.32).......................$56.00
cell phone bill ($165.00)......................$167.00
groceries ($46.94)...............................$48.00
In this example of 3 purchases, you've already saved $4.74! Remember - you must be on top of your checking account, or this could become a mess of gigantic proportions.  I balance our checkbook weekly, just because I'm like that!
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