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5610 Ward Road, Suite 300 Arvada, CO 80002

9200 E. Mineral Avenue Centennial, CO 80112

 

Phone:  303-252-0852

 

Website: www.walshfinancialsolutions.com

March/April 2018

Low-Tech Saving

Whether you juggle multiple financial obligations or just can’t visualize longer-term goals, saving can be hard. If you are saving for a vacation, a new vehicle or even a down payment on a home, consider filling a “hopes and dreams” jar.


This low-tech way to save works like this. Find a large pretzel or coffee jar. Clear plastic or glass works best, so you can see how your money accumulates. Next, make it a routine to empty your wallet each day of $1 bills. These days, $1 doesn’t buy much by itself, so you shouldn’t miss it. Feeling confident? Throw in an occasional $5 bill. Your goal is to fill the jar.


When the jar gets near full, change the bills into larger ones to open up some space, or deposit them in an interest-bearing bank account. Then go back to your jar and fill it up again.


If you have young children, this exercise provides a great way for you to teach them about saving money. Invite them to participate by putting the money into the jar each day and then encourage them to take pride in watching the money grow. When it is time to empty the jar, allow them to help you count all the dollars saved and then celebrate your joint accomplishment.


Every little bit helps, which you’ll learn as you literally watch your money grow.


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Advisory Services offered through Walsh Financial Solutions or Vanderbilt Advisory Services. Securities offered through Vanderbilt Securities, LLC. Member FINRA, SIPC. Registered with MSRB. Walsh Financial Solutions and Vanderbilt Securities, LLC are separate and unaffiliated entities. Clearing agent: Fidelity Clearing & Custody Solutions. Insurance Services offered through Vanderbilt Insurance and other agencies. Supervising Office: 125 Froehlich Farm Blvd, Woodbury, NY 11797 631-845-5100
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