A small-town Texas mom raising her family of 3 boys and a football coach husband. And figuring out how to have fun, be a girl, and save money while doing it all!
February 28, 2011
Save like a pig!
Today's topic is savings: You can save like a pig with an online savings account from SmartyPig. I LOVE SmartyPig because I can save a little each month for an end goal. My first goal I started saving for was Christmas. Like Dave Ramsey says, you know Christmas is coming so don't wait until December to say "man, I wish I had money to shop for Christmas". HELLO! It comes the same day, every single year.
Don't celebrate Christmas? That's okay. What about vacation?
A down payment for a vehicle?
The best way you'll save hundreds (maybe even thousands) of dollars a year is to pay cash for everything. Now, I can't say I am the best at this. SHAME ON ME! But, I am getting better. For instance, we're saving for a trip to Disney World in June 2012! How exciting!!
Here's an example for my Christmas account:
I calculate how much I want to spend on each person for Christmas. This is generally somewhere between $20-50, depending on how much I love them. Just kidding. Keep in mind, my older boys have 4 sets of grandparents, endless amounts of great-grandparents, 2 moms, 2 dads, and a plethora of aunts and uncles, so they get a maximum of $250 each spent on them by us.
I take my total and divide it by 11 (I start in January and like to be done saving by Thanksgiving for awesome Black Friday deals).
$1100 (for grins)/11 = $100/month. I go to SmartyPig and create a new goal. Every month, on the date I choose, $100 comes out of my checking account. Then, when Black Friday hits, I have the money to do my shopping. A lot of times, this cuts my Christmas bill significantly and I put whatever is left in savings.
Let me know if you decide to create a SmartyPig goal and for what you're saving!
Hey all! I am a small-town, southern mom of three rambunctious, silly boys (ages 13, 10, & 4), and wife to an ambitious high school football coach and teacher. While starting my own business, I'm trying to get my "house in order", so to speak. This blog is dedicated to all things MOM: cute stuff, home organization, recipes I've found that my family loves, saving money (in every sense), DIY projects, and just plain old fun stuff.