“Invest in yourself before anything else,” Warren Buffet.
by Rhonda Massad
The five dollar bill. It has become a bit of a competition in my family but in a good way.
I made a decision years ago that forever changed the way I see money: instead of spending every $5 bill that passed through my hands, I started saving them. I found that stashing away each five that came my way was a way of putting myself on a fun savings plan.
Every time I would get a five I would save it for the “stash”.
One day my BFF Annalisa asked me about this fetish I have with my fives. She like the idea and started to do the same. So did her mom. I told my mom what we were up to and she started a few months ago too.
The best part about this plan is that everyone can do it. All it takes to get started is a commitment to save and one $5 bill or any denomination that suits you. If you are able to commit to a $10 why not? Or every toonie.
The number one reason most people don’t save is that they don’t have a savings plan. This is a simple way to put aside some extra money, to pay for a wedding or a vacation, a new car or a house; to pay off school loans or help put a child through school; or maybe the ultimate savings goal — retirement.
Once you commit to saving your fives, you’ll never look at a $5 bill the same way again. Once you see them accumulate, you won’t be tempted to spend them. It becomes an addictive habit, a fun game to see how fast you can grow your stash.