If a person would just save five dollars a day That adds up to one hundred and fifty dollars a month. Which is eighteen hundred dollars a year.
I did this regularity in the 1980s. I would take a five dollar bill and throw it into a drawer every day. At the end of the month I could take the $150 to the bank. That however was when you actually got some interest on your savings.
Nowadays you cannot think about the interest or lack there of just putting money in the bank when for you really need it. For an emergency.
This is easy to say for someone who makes a lot of money. Also in this day of debit cards is not as if you will have cash on you.
The best way to do it then is to take out $75 out of you weekly check. Knowing that $35 is already spent. Leaving you with $35 to spend for the week. With that extra $5 or you.
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