Found Money: How To Generate
Quick Cash In An Emergency
Painless Ways to Find Money for an
Emergency
If your plan for money for your next
emergency is to scoop up the change that falls between the
cushions, you might want to come up with a plan to add to that
stash. It is always a good idea to have a little extra green for
the lean times. Rainy days could be just around the corner.
Rainy day funds become necessary! Here are some very clever and
virtually painless ways to put aside some money now!
Put aside a large envelope, cookie tin,
coffee jar or something similar. At the end of every week, throw
a couple of dollars aside. By the end of your first month you
should have some extra cash put aside to have a nice start on an
emergency fund. The idea to doing this is don’t count it or
spend it. Place it somewhere that is hidden away. Put it
somewhere that you won’t be tempted to dip into it. This kind of
money really adds up!
The next time you treat yourself or your
family to a meal out, tip yourself! Just as you go to tip the
waitress 15 to 20 percent, put the same amount aside for
yourself. When you get home, stash it away in your cookie jar.
Every time you go through a fast food window, put a dollar away
for that cookie jar, too!
The next time you get a good raise, instead
of applying it to your cost of living, bank it! This way you
will always be living one raise behind and your bank account
will be growing by some 3 percent.
Take advantage of that cash back option!
Next time you make a purchase using your debit card, ask for a
small amount of cash back. Instead of spending it, stash it away
in your cookie jar! Chances are you won’t even miss that extra
$1, $2 or $5 bill and come emergency time, you will notice how
the amount has piled up.
Next time you pay off that big-ticket item
like a new car or tuition, continue to make the payments to
yourself! Set up a savings account and each month slip the ghost
payment into it. Watch as it builds nicely.
If you have noticed that you can get a
better long distance telephone plan and you want to switch,
allocate the savings to your cookie jar. You won’t likely miss
that little bit of extra money, and you will have a better
telephone plan, too.
Consider joining a Christmas club. You will
save a lot of money. Each year you put aside a bit of money and
place it into a hamper program. Then, as Christmas rolls around
you don’t need to scramble looking for Christmas cheer to share
with your family. Your hamper arrives filled to the brim with
all kinds of seasonal goodies that you paid for over the
previous year. You can easily put aside $50 each year towards
your emergency fund this way and you and your family will enjoy
a hassle free Christmas.
Sign up for a grocery shopping membership
card. At the bottom of your store receipt, you will see a print
out that states how much you save each week. It really adds up.
You can easily save an average of $15 on each weekly grocery
trip. Add that amount, each week, to your savings cookie jar.
Did you enjoy your tax refund this year?
Sure you did, we all did. That’s because of the new tax laws.
Many people will have a little extra money coming their way
after April 15. Decide to deposit that extra money right away
into your savings account or cash it and then stash it. Sure you
can come up with plenty of ways you can use that money now, but
put it away for later. You might need it even more later.
If you are a responsible spender, take out
a credit card that rewards your loyalty. When you pay off the
bill every month, use a card that promises a cash reward and
bank the money. Use your reward credit card smartly and you
could end up with a very nice windfall for your rainy day fund.
Put aside a large mouthed jar in the
kitchen. It is very likely that your parents and grandparents
had one. At the end of each workday simply empty your pockets or
clean out your change purse. All the change goes into the jar.
Who wants to carry around all that dead weight, anyway? Your
spare change adds up a lot faster than you think. While you are
at it, add at least one bill to your change jar at the end of
each week. Aim for a $20!
Is it time to give up that nasty smoking
habit? Imagine the money you will save! If you are not quite
ready to quit at least cut back by half. Put the savings each
day into your change jar and watch it overflow!
Convert to a coin-operated laundry. Keep a
jar on your washer and dryer and every time you go to do a load
of laundry, slip in a coin or two. This adds up month by month.
The next time you go to return a movie
rental on time, pay yourself the late fee. You will see how
quickly that $1.50 to $4 can add up.
If you yearn to loose some weight, try
rewarding yourself the cost of the item that you do without each
day. Put that money into your change jar. You will look great
and you will be saving for a rainy day!
Place a large jar by the telephone.
Everyone must drop in a coin to make a call. All proceeds go to
the emergency fund. This one works!
Emergencies always crop up. They are
always guaranteed, unlike the money to deal with them. Be
prepared and plan!
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