December 31, 2007

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Two More Tins

Filed under: Craft Project,Debt Reduction,Organize,Save Money — sandilarson @ 8:27 am

Use the next largest tin for your Christmas fund.  If you or other members of the family might be inclined to dip into the fund for “emergencies” during the year, use this method to insure success.  Using a chisel or screwdriver, punch a coin slot into the lid of the tin.  Make sure it’s big enough for quarters and folded bills, but not big enough to shake money through.  Then, using a strong glue, glue the lid to the tin.  This will discourage all but the most determined from borrowing from the fund.  Place the tin in a prominent place where the entire family can have access to it.

Use the next largest tin for your wish list. Put a memo pad and pen in the tin, or glue a magnet on each, and attach them outside the tin.  Throughout the year, when you shop with your kids, and they ask for something, tell them they can write the item down, put it in the wish tin, and then let them put the money in the Christmas tin.  Do this for yourself and your spouse as well.  For example, instead of buying a new shirt for yourself, write down the store, price, size, etc. on the memo pad, drop it in the wish tin, and place the money you saved into the Christmas fund.  Make sure each family member puts their name on their wish so you will remember later.

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