Buzz
Summer is here, and the sun is shining bright, which probably means holiday plans are far from your thoughts. But now is the time to start setting aside funds for the inevitable holiday expenses, and this month's challenge invites you to do exactly that. Let’s start saving those coins!
This year, we've thrown some challenging tasks your way, from negotiating to saving for retirement, and you’ve handled them with ease. This month’s task, however, is a simple one that almost anyone can join. All we’re asking is that you round up your purchases and save the leftover change. It’s a fun and effortless way to boost your savings.
You can always pay in cash and pocket the spare change. But since most of us use cards these days, here are some handy tools to help you save when you pay with plastic:
Try using apps like Tip Yourself or Qapital to automatically save your spare change.
Check out your bank for options. For instance, Bank of America offers the Keep the Change Savings Program, and Wells Fargo has Way2Save.
Sign up for services like Acorns to automatically save and invest your spare change.
You don’t need to rely on these tools to participate in the challenge, nor do you need to dip into your savings for holiday expenses. While these tools make it more convenient, the main idea is simple: save your extra change and put it towards your financial goals—whether that’s paying off debt, building an emergency fund, or saving for something else you’re working towards.
Are you on board? Let us know if you’re taking the challenge, and tell us how you plan to round up and save this month!
