Friday, August 12, 2011

20 Bucks, Pocket Lint, and a Big Smile

Have you ever found a forgotten 20 dollar bill in your winter coat pocket? How about 5 bucks in your gym bag from several months back? I don’t know about you but this rarely happens to me. However, I can think back to one of the few times it did happen and it makes me smile. Seriously! I am smiling right now while I write this.

It feels like found money!

I like that feeling so much that I have started the practice of creating my own “found money”. I am sure you have heard me talk about one of the best financial decisions I have ever made – the Christmas club account. I think I love this account so much because it feels like found money. I do a simple payroll deduction every two weeks. It’s not big money, only about $40 per pay check, and to be honest I don’t even notice it. But when Christmas rolls around we suddenly have all of the presents covered and even have some funds left over for our travel expenses!

It’s like a pre-paid holiday – I am smiling again just thinking about it!

Here is the deal guys, you can create found money situations all around you. How about a short list of some ideas that you can win at and smile about:

  • Retirement saving
  • Christmas expenses (including travel)
  • Vacations
  • Gifts
  • Insurance premiums
  • Vehicle registration
  • Home repairs
  • Back to school expenses

As you can see the possibilities are endless! I know some of you are already doing this, what are some of the expenses you set aside for? Please share!

You know what else makes me smile? A picture of my puppy (see below)

Koki Bear

1 comment:

  1. From Stephanie:
    Thanks for some new ideas on things to set aside for, Andrew! Some things I already set aside for that aren't on your list:
    1.Pet expenses: Vet care, flea preventative, etc
    2.Dance classes (other activities) for the kids
    3.Gifts for others: parents'/kids' birthdays, etc - I can't tell you how many times my budget has been wrecked by a sudden baby or bridal shower.
    4.Mortgage: it's nice to set aside a little each check instead of having to come up with a lump all at once - it gives you more flexibility in your budget.
    5.Last but not least: A big purchase or special treat for yourself!