It’s been great hearing from readers about how much they’ve saved using the Save Money Fast With Fives plan. One follower of my blog has used the method to set aside $475 in two months, another $400 in the same eight week period. Another reader who said she had just begun saving $5s in earnest one month ago had $75 to show for her efforts, while a fourth reader boasted saving $50 in the first week of her practice, commenting “it’s so easy to do.”
Even if you find yourself not doing as well as you hoped saving $5 bills, could it be that you’re not fully committed to the plan? If yes, are you also still paying for most purchases with a credit or debit card and not using cash? As I’ve said before, you can’t get a $5 back if you pay with plastic.
If you want to get back on track with your savings, I suggest you consider using cash for at least three or four of your weekly consumer needs. Gasoline? Groceries? Lunches at work? Tolls or transit tickets for commuting? That daily purchase of bottled water? Using cash just for lunches, for instance, especially if you pay for lunch every day at work, will help you jumpstart your $5 savings plan. Try it. In no time, you’ll see what I mean.
Yours in Five,