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Originally Posted by tinapbeana
i save my change and my bills b/c it has cut down on my spending. i wind up saving approximately 25-30% of my monthly allowance by saving change and bills, whereas before is pent it b/c it was 'fun money' allocated to be spent.
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Okay, this I can see. The money starts off in the fun allowance categroy, but gets moved to the savings category. You are tricking yourself, a bit, to spend less in allowance. You could just reduce the fun allowance by a few bucks, but, this way it's a little les spainful and a little more fun, I'm guessing.
And with the extra towards mortgage, that makes sense too. Freefloating money becomes laser pointed at a particular debt.
So now I can at least understand some change savings. For me, unspent money goes to savings, so it's all the same if that unspent money is in my acocunt or in a change jar.