I read another blog that has an idea I love… I would like to start doing it too, but I don’t actually know how to start.
Every time she does a load of laundry, she adds $1.50 into a fund for a new washer/dryer. I’m not sure if she has a separate savings account for it or if she just keeps it on a spreadsheet, but I think it’s something worth considering.
For myself, I feel like I would need a separate account for it because I feel like it would be too easy to spend the money if I just kept it in my general savings account. Another idea would be to physically put the cash in a jar each month. I would just have to keep track of how many loads were done each month and then pull that amount of money out.
I think this would be a great thing to do, but then I wonder where would I get the money from? We barely have enough money at the end of each month to meet our obligations to pull another $30 - $50 out a month.
We make plenty of money but for many years, we lived above our means, which we are paying for now in credit card debt! It’s no one’s fault but our own, but it makes finding an extra $30 - $50 difficult! Definitely something to mull over though and to try to work into our budget.