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?