I picked this tip up from Daily Worth – a monthly savings sweep.
Collect up all your loose change, both physical and in your checking account, monthly and deposit or transfer that change into a savings account or your debt reduction plan. It may only be a few dollars, or just $.50, but over time, that loose change that doesn’t have a name in your budget now has a job of either building up your savings or reducing your debt.
I’ve been following Daily Worth via email for about a month, and picking up some great tips on budgeting and handling money. Sign up here for the email newsletter.