#1 Saved Every 5 Dollar Bill
For mother Marie Franklin, saving money and bettering her finances happened with the simple decision to keep every five dollar bill she received...!!!
#2 It Paid Off
"At the time, I had two daughters in private colleges and, to put it mildly, my husband and I were financially stressed,” she writes. “But I found that socking away each and every $5 bill I received as change in a cash transaction was one way I could stay in control of what little extra money I had at the time — and the strategy has paid off...
#3 $36,000!!!
To say it “paid off” is putting it mildly. Franklin decided to save all her five dollar bills about 12 years ago. Now, with both daughters married and out of college, she has managed to save nearly $36,000...!!!
#4 Commit To Saving
“Once you commit to saving your fives, you’ll never look at a $5 bill the same way again. Once you see them accumulate, you won’t be tempted to spend them. It becomes an addictive habit, a fun game to see how fast you can grow your stash,” she says...!!!
#5 Save Your Fives
One of the best things about the five-dollar-savings plan is how accessible it is. Having the discipline (and sufficient funds) to save a set portion of your paycheck is very difficult for most people, while more modest approaches (like the loose change jar) don’t usually end up producing a significant amount of savings. Five dollars at a time is just enough to control your spending and start a nest egg, without becoming self-defeating...!!!
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