Many people find it a difficult task to put money into their savings account and an even more difficult practice to keep it in there. Luckily, there are a few quirky ways a person can deposit a good amount of money into their savings on a regular basis. Saving is especially hard during these tough economic times, but it isn’t impossible. Anyone who persists enough can end up putting a great amount of money into their savings account, even if they have not done so in the past. Here are a few ways – both common and uncommon – to put money into your savings account:
The majority of people save the change they accumulate through making purchases, but most of these people also stick the coins in random places and forget about them. Homes across the country are filled with random bits of change, yet this money can really add up over time. In fact. the change obtained over a couple of month’s time can easily equal twenty or more dollars. It isn’t difficult to see that putting all of your change together in a jar or other place can net you some pretty nice amounts of cash.
Of course, there is CoinStar for those that are too lazy to roll their own coins. This service charges 8.9 cents per dollar though, and a person isn’t likely to stick that money into their savings account. Luckily, there is a great solution: rolling your own coins and taking them to the bank. This is a simple process that involves a little bit of counting and a trip to your local banking branch. You’ll have to spend a couple of dollars to buy the coin tubes, but it will end up being much less than you’d spend using a CoinStar for a few years.
In reality, the whole point to counting and rolling your own coins is the fact that you can take them to your local bank and get cash for them without any charges or fees. Even better, a person can and should deposit that money directly into their savings account as soon as the coins are counted. A person has no reason to walk out of the bank with money from coins because it is such a smarter idea to put them into a savings account.
Constant Visits to the Bank
People should have no problem finding a bank when they go out to eat or go shopping. In fact, there are usually a great number of banks in every city – enough to where it would only take a few minutes to find one for a specific bank, such as Bank of America or Wells Fargo. A person should consider stopping by their bank and depositing any extra money into their savings account whenever they go grocery shopping or go out to eat. Since people go out so often, this can amount to an extra few hundred dollars each year in your savings account.
You don’t need to deposit twenty or thirty dollars every time you go out and then visit a bank though. If you have any change left in the form of dollar bills or other small bills, then it’s a great idea to deposit some of that money into your account. Most ATMs these days accept cash deposits, so a person should have no trouble depositing extra bills into their savings account each time they are out and about the town.
There are hundreds of different ways to put money into your savings account, but doing so involves plenty of self-control and persistence. Truthfully, you must think about your savings on a regular basis and know its importance to your financial stability. You should deposit money into the account on a regular basis, so finding quirky ways to put money into your account can help greatly. Most people should be putting a thousand or more dollars into their savings account each year, but almost none of this money should be withdrawn unless it is absolutely necessary.