Saving Mr. Lincoln has been easier than I thought! I’m happy to report that from February 12 to March 12, I have saved 22 Mr. Lincoln’s, which equals $110! For those of you who have no idea what I’m talking about, I invite you to read my earlier post, Saving Mr. Lincoln.
But, in case you don’t want to take an extra minute and read that post, the synopsis is that I’m challenging myself and any one else out there who wants to participate, to save all of the $5 bills that they get as gifts or as change to a transaction. One month into this challenge, I deem it a resounding success for me for a couple of reasons:
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I haven’t actively practiced the art of saving, at all, for many years (excluding my 401k, which is an automatic deduction)
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I love having this ever-growing stack of $5 bills – so motivating!
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It’s helped me to think twice before breaking a $10 or $20 because I know I’m going to be adding the $5 bill to my stash
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Charlie has joined me in the challenge!
Five of these 22 $5 bills are from Charlie! Woohoo! He’s liking the idea, too.
So, I’m going to the bank on Saturday (they are open until noon) and open my Saving Mr. Lincoln savings account (note: my bank doesn’t have a minimum to open an account; but I didn’t want to waste their time with anything less than $100).
This next month, I’m going to challenge myself to be more mindful of how I get these $5 bills. For example, my local grocery store has a Starbucks in it. This past week, I got myself a Frappuccino, breaking a $20. So, while I did have a nice treat, it was almost $5 and I could have saved the $5 (and the calories) by not spending the $5, right? But, we do enjoy treating ourselves, don’t we?
How’s the Saving Mr. Lincoln challenge working for you? I’d love to hear your stories, so please share in the comments section! Let’s see if we can get a “community” of Saving Mr. Lincoln devotees together and motivate each other!
Here’s wishing a stack of greenbacks is in your future!
Tootles,
Well, I got off to a good start and had five 5’s saved in 2 weeks, but then I needed some cash to give to Melissa for a purchase she was making for me, so there it all went. I haven’t started over yet. But your post has motivated me to try again. Love to you and Charlie.
A similar thing happened to Tiffany! The good news about this challenge is that (1) it’s never too late to start; (2) never too late to start over and (3) there are no rules as to what you do with your Mr. Lincoln’s. Thanks for joining the conversation and love to you and Mike, too!