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Home / Posts tagged “increase your bank account”

Tag: increase your bank account

Posted on by meylicio — Leave a comment

The Dime Challenge

I have always been bad at saving money…until I learned there are more than one right way to save! Do you have a hard time saving money? Does it seem like every time you start saving money, an unexpected expense appears? #icantotallyrelate The trick is to start off super small and super simple. Here’s any easy savings method that I consistently use to save up to $500! Let me introduce to you, the Dime challenge!

The Origin

First off, I didn’t come up with this method. I saw this on Instagram and decided to give it a try. The first time I attempted this savings challenge, I was able to save $502 within 7 months. Here’s what you will need:

  • 2 liter bottle (empty)
  • Dimes

The Method

Start by rinsing out a used 2-liter bottle. Make sure it is completely dry before using. Next, place all of your dimes into the bottle. Continue doing this every time a dime crosses your fingers. Do you have a bunch of loose change laying around? Maybe in your car? Your couch cushions? If you do, then this challenge is perfect for you. Here are some other unique ways to save money and boost your bank account.

Once the 2-liter bottle is full, you can cash it in at your bank or a coin-to-cash machine inside most local grocery stores. However, be careful. These coin-to-cash machines usually charge a steep percentage to use their machine. (some are upwards of 11%!) I prefer to take mine to my bank because they do not charge a fee.

Thus far, I have used my trusty 2 liter bottle four times to help boost my bank account. That’s over $2,000 in dimes alone. Since then, I have upgraded to a 6 liter volumetric flask. It looks pretty cool. Check it out here on my Instagram page. While you’re there, give me a follow!

The Alternative

Also, I know some of you may not want to use an old 2 liter bottle. Never fear! I have a solution for you. Here is a cute 2 liter glass bottle you can use for your dime challenge. If you’re 2-liter bottle is filled up to the brim, you should have close to $500 saved! Not too shabby, right?

If you decide to try out this dime challenge, post a pic of your savings bottle and tag me @justmelissajane on Instagram so I can like your post and leave you some words of encouragement. Happy saving!

Category: Finance
Tags: how to save, how to save money, increase your bank account, increase your finances, money, money saving challenges, money saving hacks, save, save for a down payment, save money, save more money, save your money, saving, saving for birthday, saving for christmas, saving for vacation, saving money, saving money challenge, savings, savings account, savings challenge
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