Re: Why Saving Small Amounts Of Money Does Count
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Originally Posted by marglo
Yes a few years ago I decided that I got into debt mostly a little at a time...it wasn't the big stuff so much as it was all the little stuff I charged that did it. So I began to think about turning that around and thinking about saving small amounts and realized th savings could really add up to! In the past I always thought I had to have a larger amount before it was worth savings. But now I'm excited about saving what ever I can. Counted my piggy bank last night...$15+ ...didn't take long at all. Will save til end of year and then put it on our debts. At this time most of what I can save I put on debt but can't wait until I can actually put it in the bank! :-)
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Marglo- 15buckosplus- why not take it by the bank next time you're out and go ahead and pay it down on your debt? Every little bit you pay in principal whether on a credit card or mortgage, is that much less they can charge you interest on. This is how I got out of CC debt. Every Saturday morning like clockwork I took all the change I had accumulated during the week sometimes 1.16 others 3.53 - in these small amount ranges and deposited it to my checking and then went home and sent it online to my CC company! Soon - no credit card debt!! It may seem like small potatoes but if you get enough small potatoes together, my dear, you have a feast!
Good luck on your savings! Hang in there!
~~LuxLivingFrugalis
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"Economy is a poor man's revenue; extravagance, a rich man's ruin." ~~??, frontspiece, The American Frugal Housewife, by Lydia Maria Child, Harper & Row, 1836 edition (dedicated to those who are not ashamed of economy).
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