In my very first post on this blog I wrote about putting small change in a penny jar. A few coins here and there are barely missed and yet they quickly build up.
In those days, I was trying to pay off a rather large amount of debt while working a minimum wage, zero hour contract job.
Things were tight, very tight. They were made even tighter by the fact that I had decided to get rid of that debt as fast as possible. In order to do that I would work as many hours as I could get and I would walk to and from work (over 2 miles each way) in order to save the £4 bus fare. Once I was back home, after having fed the foreign students I had taken to get some more income, I would spend the rest of my time off answering surveys and doing offers on sites like Swagbucks and Neobux.
Most of that went into a saving account but my small change would go into my penny jar. It was my way of paying for small luxuries, the little things that made living on such a tight budget bearable.
It paid off.
I have been debt free for a year and I am now working towards paying off my mortgage early. Most of the money that used to go towards my debt is now used to overpay the mortgage every month but I have relaxed my budget a little.
The picture above is the penny jar I use now. I know, it’s not really a jar but let’s not nitpick. I found it in a 99p shop and I just had to buy it. The princess in her castle… it was just what I needed. I put all my £2 coins in there and, when it’s full, it contains exactly the equivalent of one month mortgage repayment. Perfect.
If you haven’t already done so, get yourself a penny jar and start saving.