We have all experienced the coin jar phenomenon: We toss change from our pockets into a jar at the end of the day and later count it, amazed to see how much has accumulated. A good way to use this loose change is to allocate it for something – a new toy, a vacation, or even better, an extra credit card payment––and only withdraw your change when you meet your goal.
But let’s take the change jar a step further. What if you treat one dollar bills, or even five dollar bills, like nickels and dimes? Every time you get change in cash, put those ones away! This may take some discipline, but think of how good it will feel to count your stack of five dollar bills after a few months!