Several years ago, Mr. Beaverelli ran across a money saving idea on Lifehacker. We thought, hey, what is the harm in trying this? Nothing at all! That’s when the Beaverelli $5 Fund was born.
Here’s the one and only rule:
If a $5 bill passes through your hands, you must put it in the fund.
But what if I break a $20 bill for an 89 cent item and they hand me back three $5 bills? Too bad…put it in the pot!
You’ll be surprised how quickly it adds up. We used to carry cash more often, but even though we almost strictly use cards, we still tend to slowly increase our dollars. Over the past 5 years or so, we’ve managed to save a total of over $3,000.
What do you want to save for?
- Spending money on vacation – tips, gambling, street fairs…
- Dig in during the holidays and have a little extra to spend on presents for your loved ones.
- A new piece of furniture.
- That cool gadget.
- A larger flat screen.
- A rainy day – you never know when it might turn into an emergency fund.
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