Never Spend a Dollar Bill

[MEM]

Just like the change jar concept, this doesn't increase the amount of money you have -- it just shifts it around to a different place. QUOTE]

This is how my DH feels and that's why we don't do it. He likes to track exactly where the money is going. If I get a $5 lunch allowance every day and only spend $4, the leftover $1 gets rolled over into the next day.

We prefer the "pay your vacation account first" method in which a certain amount is directed to an inconvenient credit union every pay day.

I do, however, keep a WDW popcorn bucket in my closet that I stash money in from rebates, coupons, bottle returns, etc.

 

[mickeyfan2]

Just like the change jar concept, this doesn't increase the amount of money you have -- it just shifts it around to a different place. The real answer, regardless of whether you're spending dollar bills or using a credit card, is to SPEND LESS.

If refusing to spend dollars makes you aware of "small purchases" that add up to large amounts, then it could be helpful. But most people'll just go to the ATM machine and withdraw more cash, which wont' help in the long run.

 

[webshark3]

Why "save the dollars"? If I know I'd use between 200 and 500 dollars in a year, I'd use savings and open a 3 month CD 4 times in a row instead. It's like "saving the dollars" AND getting another $100+ for doing so.

 

[DiznEeyore]

I saw someone quoted another poster who said "most people just go to an ATM to get more $" if they don't spend their singles (or something along those lines). I hate generalizations. Was that poster citing some kind of source, or just talking out of ... thin air?

I NEVER go to an ATM machine. So I guess I'm not "most people". Why make a negative generalization? That's just one small example of why this board has such a negative rep on the DIS boards.

 

[sk!mom]

It's just another gimmick to try and get people to save.

Bottom line- you have so much money- if you need to save more then you must spend less.

This wouldn't help me at all, since when I get a $20 at the ATM it lasts about a month. I rarely use cash for anything these days.