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New Savings Goal

July 15th, 2011 at 08:08 pm

Last summer about this time I blogged that I wanted to new stove. Well, this summer it is a new dishwasher. Our dishwasher still works, so there isn't any hurry. Yet I have found that having a savings goal helps me plan plus lets me anticipate.

My husband is a rare breed -- he carries cash and he likes to pay in exact change. As a result he often has lots of change around the house. I noticed the other day when I was dusting, that his change bowl was overflowing and there seemed to be a lot of pennies. I asked him if I could have the pennies and he said sure. Since there were far more pennies than other coins, I thought this could help both of us out.

Last night I sorted through the change and pulled out the pennies -- over $2.30 worth of pennies. I did find two wheat pennies that I saved. They probably aren't worth anything, but they aren't as plentiful so I thought it would be nice to have two of them before they no longer are in circulation. My husband is a Lincoln buff and I found three pennies that had different Lincoln scenes on the back -- minted in 2009 for his 100th birthday, so I saved those three too.

I checked my wallet and had a few pennies and some extra coins so I threw that in the bag to take to the credit union. Our credit union has one of those change things, but you have to have an account for them to use it. I also had a few extra ones. So my dishwasher account is up to $141.73 (I have added to it previously too).

I know the gurus claim we prices haven't been going up, but I have noticed an increase in many items at the grocery store, plus Illinois increased income tax this spring. It is getting harder to save for nonessentials, so it will probably take me longer to save the money for the dishwasher I want.

Yet, that is OK. It gives me more time to think about and wish for it and appreciate it when I do get it.

Posted in Personal Finance, Saving Money | 4 Comments »

4 Responses to “New Savings Goal”

  1. scottish girl Says:
    July 15th, 2011 at 08:24 pm 1310761482
    1310761482

    I remember reading last year's post.

    I'm trying to get my mum to do something similar. She needs a new cooker so i told her to open a savings account and put money in weekly/fortnightly. She hasn't done it yet, I'm hoping she'll do it soon.

    Good luck!

  2. rob62521 Says:
    July 15th, 2011 at 08:28 pm 1310761703
    1310761703

    Thanks...it's kind of fun to see the money grow. Hope your mom listens to you. We have a vacation account and a Christmas Club account that we also contribute to so that when it comes time, we aren't spending money we "need", but money that was set aside for that purpose.

  3. North Georgia Gal Says:
    July 15th, 2011 at 08:28 pm 1310761729
    1310761729

    I hope you get the new dishwasher soon!

  4. Jerry Says:
    July 15th, 2011 at 08:42 pm 1310762524
    1310762524

    Good luck saving for that appliance! Nice start, too... it will lead you to the goal before you know it. And I don't care what the gurus say, I know when my grocery bill goes up, and I can tell when fuel and other things are more expensive. There is no insurance that these "gurus" are anything but talking heads, because a good portion of the population will believe anything they hear on television or radio.
    Jerry

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