Saving Tip – Save Every $5 Bill

Could you tell me who is on the 5 dollar bill? How about the color of your credit card?

Everything in our world has become so digital that fewer and fewer people are using cash to pay for things. It’s been proven that paying with cash will help you spend less and save more, so I want to challenge you to try one of my favorite ‘saving’ methods.

The challenge is to switch to a cash budget, for at least one category of your expenses, like groceries, and then to save every single $5 bill that you touch.

One woman did this and saved $36,000 over the course of 12 years! (And I bet she knew that President Abraham Lincoln is featured on the 5 dollar bill!) For free tools and resources to help you manage your finances in the New Year, visit crown.org/money