Sunday, August 27, 2006

Coupon Stash

Mary Hunt, with deptproofliving.com, offered an interesting "tip of the Day," today.

Many banks are opening convenience branch offices in major grocery stores. If this is true for the supermarket you frequent, open a savings account. Now when you buy groceries write your check for the total before coupons are subtracted. Ask for your coupon savings back in cash (the equivalent of writing a check for more than the purchase amount) and make a deposit to my savings account on my way out with that cash. Also, make it a point of writing your check for more than the purchase by $5 to $10 if you can manage. Stash that cash into the bank as you leave, as well. It's a painless and convenient way to save.

What an interesting idea, if you still use your checkbook, rather then cash, like Dave ramsey teaches. However, it would be more time consuming, as you now have to run over to the bank and make your deposit.

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