The One Dollar Bill Challenge – A Sneaky Way to Save Money

By Hank | Nov 4, 2008

I hate pocket change.  I do not pay for anything with coins.  My wife and I only use dollar bills when we make purchases.  We keep any change that we do get and put it in a piggybank for our children.  It’s a great way to save when you think that you cannot spare another penny.  After a year of saving pocket change, we usually have saved over $500 which we then roll and deposit in a bank account for our kids. 

So, I figure that if this idea has worked so well with coins, would it work with dollar bills too?  So, for the next month, I am going to save every $1 bill that I come across.  I’m not going to spend a single one.  Every cash purchase I make, I will set aside the one dollar bills that I receive as change and save them.  I want to see if I feel the extra money that will be missing from my wallet when I save them.  I want to find out if this could be a good sneaky way to save even more money without even realizing.

So, stay tuned.  I will keep everyone up-to-date on my progress and keep a running tally of how much I have been able to save on the side bar of the blog.  Just look for the Mason Jar picture and the grand total.  I will also post an update on November 30th to recap how this experiment went and how “painful” it was.  Wish me luck!

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  3. Spending a Huge Amount on HBO and Cable Every Month Can Actually Save You Money
  4. The American Government Should Reissue Big Dollar Bills to Help People Hide Money in the Mattress
  5. Comparing the Price of Medical Care Outside of Large Cities Can Save You A Lot of Money

  


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