Next time you get change at a store, take a look at the cash in your hand. Any $5 bills? They could be the key to meeting your savings goals.
The idea of this challenge is to take every $5 bill you come across and save it! It might not seem like a big deal, but they WILL add up.
Even if you only save one $5 bill per week, it would add up to almost $300 a year! And most of us get more than one $5 bill per week in our change. Here’s how to do it.
The first thing you have to do is find a jar or secure box. Now, every time you purchase anything with cash and get change, see if there’s a $5 bill in there.
You can keep the rest of your cash in your wallet or purse, but save every $5 bill and put them away!
At the end of the month or year, count up those $5 bills and see how much you’ve saved! Maybe you put them in a savings account, maybe you invest them in stocks, or maybe you’re saving for a big vacation?
Saving can be difficult, especially in troubled times. But using creative challenges like these can sometimes be the push we need to change up our money habits! Is the $5 challenge right for you?