When I receive "extra" money or money I didn't expect, it goes into our money market account. "Unexpected money" is what I find in pockets, under cushions or on the street, rebates, bonuses, overtime, refunds, pay raises, gifts & what's left in checking accounts the day before pay day. Along with regular monthly deposits, we always have enough to pay cash for anything we need. (click title for more info)
Once a sizable amount is accumulated in our money market account, we leave enough there for emergencies, then invest in a stock which has been historically stable & pays a good dividend (5 to 20% annually.) Right now most savings/money market accounts pay pathetic interest (1.25% or less APY.)
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Decide on a reward you would like to purchase for yourself for being good. Every time you feel like buying a bad food to satisfy a craving or ease your stress, put the money you would have used in a piggy bank towards your reward.
After awhile you can see how much money and extra weight you are saving when you put the money towards a healthier reward.
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