Money in a Jar

by Merissa on October 12, 2010

in Uncategorized

I know when you are worried about money, or living paycheck to paycheck, having a savings account is next to impossible or even out of the question. It's not that you don't want the security of having some money put aside, it's that it's not financially possible. When we first got married I had a nice savings account. But after a few moves, deposits, and down payments we had used it up.

  After being married 3 years we have finally got to place where we can start putting away money again. It's not easy and I can think of a million other things I could use the money on. But I know in the long run it's the best idea. It's not alot, but it's as much as we can wiggle out of our tight budget for now. To avoid the temptation of not putting the money in the savings account we put it in by direct deposit, right from hubby's paycheck. I never see the money but I get to watch the savings account grow.

 For the last couple years, having a savings account seemed like a distant dream. Whenever I thought about it I thought about how it should be a large amount and whenever I thought of the amount that I thought we needed in a savings account I was overwhelmed and I put off starting the account because I figured since I couldn't put away very much money that it wasn't worth it. I finally put that aside from my mind and started to focus on a goal that I felt was reachable in the near future. $1000. At the moment that's our savings goal. Yes I would love to have more than that but right now I'm not even thinking about it. I'm thinking about getting to that $1000 and that's it.

  I'm also coming up with other ways to put aside money for other bigger things I need. When the month is over I will be able to make my first deposit for my Bosch jar(It used to be a Blend Tec jar but I changed my mind on what I wanted!) I have decided that when the month is over if I have any money left from my food budget it will go in the Bosch Jar. It's going to take me a while to save up enough for the Bosch but I know that when I get there it will be worth and instead of just buying the Bosch right now it will be more special since I saved up for it.

 Another thing we are starting is a chicken food jar. Our chickens are finally producing and I've got eggs coming out of my ears. We decided that all the money we get from selling eggs will go into a jar. We can use the egg money to pay for the chicken food(to make sure it's worth it to have chickens) and then we can save what's left over after buying chicken food for ??(we haven't decided yet)

  These are my small ways to save. It's not much but it what I feel comfortable with right now. We aren't feeling stressed out by the amount we are putting away and I love watching the savings account grow and the jars filling up.

 Do you have a savings account? What do you think of the idea of "Money in a Jar" or slow savings?

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{ 10 comments… read them below or add one }

1 Bonnie October 12, 2010 at 9:29 pm

This is absolutly fab, Keep your goals and stay focused and all will fall into place. Of course there are bumps in the road. But I can tell you are straight on what you are doing and will do well with it. Remember Rome was not built in a day—– smile—
Have a great day, Bonnie


2 Merissa October 12, 2010 at 9:31 pm

Yep, that's exactly it Bonnie. We have to take one step at a time. We can't climb a mountain in one leap, but taking small steady steps helps us see the goal and we can watch ourselves make it to the top.


3 lynn cook October 13, 2010 at 8:05 pm

i know your pain and i do the same thing, every spare bit of change goes in a jar, right now it's for a kindle, i really want one. i just keep plugging away at it


4 momma-lana October 14, 2010 at 8:28 pm

I saved up for my Kitchen Aid mixer that way. I've had it for 10 years now and I am so glad I did it!


5 Amy July 18, 2012 at 3:49 pm

My goal is to just get out of apt living and into a house! That has been my goal since I got married 8 yrs ago. Now I have 4 children in very small 4 bedroom apt.


6 Elaine January 7, 2013 at 2:09 am

I’m not at a point when I can manage savings at all (a PhD student; I wind up scrounging for rent money the month before financial aid comes through each semester)… but I have a micro-version of the money in a jar. Any quarters I get as change go into a jar for laundry money! (As an urban apartment-dweller, I need quarters to do the wash.) I only rarely have to withdraw quarters from the bank that way. It’s especially easy to do, since it’s any and all quarters. So even if I didn’t need laundry quarters, keeping that rule of not spending any quarters I receive could be a way to slow-save money in a jar for actual savings (or for a United Thank Offering – fellow Episcopalians will know what that is).


7 Leanne Wright February 3, 2014 at 9:14 pm

We have a jar for our left over Sunday money. Each week hubby and I take our budgeted pocket money, on Sunday night whatever is left goes in the jar. At the end of the month it goes to make an extra payment on our debt. Easy and painless way to make extra payments.


8 Charolett August 15, 2014 at 5:09 am

I had a 5 gallon penny jar. Everyday when I would come home from work any change I had went into the jar. After a few years I cashed it in and bought my husband for his birthday a new riding lawnmower, snow blade and chains. I only has to pay .21 out of pocket. He was so happy. We both were, he got something he needed and I got a good looking yard. Pennies do go a long way.


9 judy March 21, 2015 at 9:14 am

How about when you save …say 10 cents on something on sale… when you get home put the 10 cents in the jar. If you have a coupon for 15 cents off on something …then when you get h ome put the 15 cents in the jar. If you have a coupon for 4 cents off on a gallon of gas.. do the same you will
be surprised at how fast it actually grows.


10 Pat November 19, 2015 at 11:15 pm

Several years ago I started saving $5 bills and any extra income plus $200/month in 3 envelopes – one for car insurance, one for homeowners insurance, and one for property taxes. When the end of the year rolls around, I no longer have to take chunks of money out of savings.


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