The document provides five tips for saving money: 1) Save loose change in a jar and convert it to bills for free at the bank. 2) Use a 30-day rule to avoid impulse purchases by waiting 30 days to buy something expensive. 3) Open a savings account and use online banking to track spending. 4) Ask your employer to divide paychecks between checking and savings accounts. 5) Create a budget and savings accounts for different expenditures like vacations and emergencies. The tips helped the author save over $400 in loose change over 1.5 years and separate accounts for emergencies.

1. MONEY SAVING TIPS
By: Sam Strieter
CST 133

2. Why to save money now
◦ Emergencies happen
◦ Unstable economy
◦ Student loans after graduation
◦ More leisure spending later

3. Tip 1: Save loose change
◦ Save pocket change in an old jar
◦ Use something you can’t get a hand in if necessary
◦ “Putting aside fifty cents a day over the course of a year will allow you to save
nearly 40% of a $500 emergency fund.” –AmericaSaves.org
◦ When the time comes…
Roll money into change rolls
Convert into bills for free at bank
Avoid Coin Star machines (10.4% service charge!!!)

4. Tip 2: Thirty-day rule
◦ How it works:
Write down expensive item instead of
impulse buying
After 30 days, do you still want it?
oStep two:
Compare price to your hourly wage
Shoes- $60 Wage- $10/hour
Are these shoes worth 6 hours of work??

5. Tip 3: Bank accounts
◦ Consider signing up at a
family bank
◦ Start a savings account
◦ Online banking makes it
simple to track spending

6. Tip 4: Divide paychecks
◦ Ask your company’s HR department to divide
check into checking and savings accounts
◦ Set a percentage of check to go into savings
each week
◦ Bonus: Interest rates are usually higher for savings
accounts!

7. Tip 5: Budgeting
◦ Start small! (save $5 per week or $30 per month)
◦ Short-term goals are more likely to be achieved
◦ Make savings accounts for each expenditure
Vacation
Emergency Fund
College Fund
Leisure Spending
New Car

8. How the tips worked for me
◦ Saved $400+ dollars in my jar of loose change over 1.5
years
◦ Save by tracking my spending through my bank’s mobile
option
◦ I separate my accounts using my jar for emergencies and
vacations only
Broken cell phones
Car repairs
Concert money

9. Works Cited
“54 Ways to Save Money.” America Saves, Americasaves.org. n.d., Web. 13 April 2015.
“A Month’s Worth of Money Saving Tips.” All You, allyou.com. 20 March 2015, Web. 13
April 2015.
Grabianowski, Ed. “5 No-Brainer Money-Saving Tips Everyone Forgets.” How Stuff Works,
Howstuffworks.com. n.d., Web. 13 April 2015.
Hamm, Trent. “Little Steps: 100 Great Tips For Saving Money For Those Just Getting
Started.” The Simple Dollar, thesimpledollar.com. 5 March 2015, Web. 13 April
2015.
McDermott, Nicole. “94 Creative Ways to Save Money Today.” Greatist, Greatist.com. 9
June 2014, Web. 13 April 2015.