Home Budgeting Save that Dime

Save that Dime

by John Peters

What does $0.10 mean to you? If you’re walking down a street and see a dime, would you pick it up? Probably not, I mean it’s only 10 cents and its no lucky penny.

Imagine if you saved no more than $1.00 every day. It doesn’t have to be a lot, we’ll say something like a dime or a quarter. What would happen to this money 10 to 30 years from now?

The best tactic here is to put the money in an investment account. Albert Einstein once said that “the most powerful force in the world is compounding interest.” Let’s take a look at how far your quarter a day could go.exponential curve for savings

In 30 years, your daily quarter could be worth over $15,000. Next time you want to buy a gumball, take a second to think about how much that quarter is really worth!

Other Blogs you Might Like: How to increase your savings 1 penny at a time

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