I have a number of costly goals both in my mind and already posted to 43Things.
Moving, buying a house, getting married, none of it comes without cost. I have to acknowledge that I can’t accomplish any of these things without first having some savings to work with.
Today I signed up with Scotiabank’s “Bank the Rest” program, which rounds up the amount you spend on debit transactions and puts the remainder into a high interest savings account. I’d like to get my boyfriend to do the same so that we can both have active savings accounts.
Additionally, I’ve heard a number of success stories from people who save for their dreams with change.
In Canada, we’re plagued with all kinds of change, including loonies ($1) and toonies ($2). My next step is to get a giant jar and fill it up with loonies and toonies that will be saved towards my goals.
I’m actively looking for other ways to save money. Recently I’ve cut down on costs by:
a) Shopping at No Frills stores and buying no name brands.
b) Riding my bicycle everywhere I need to go instead of wasting money on public transportation.
c) Bringing lunch with me when I work, etc. Never buying fast food or using vending machines.
I’m open to any suggestions that would help me save more. Once I’ve sat down and done some serious budgeting, I can set goals for how much money I would like to save by a certain deadline.