To Save for Something
by Left in the Lurch but Not Broke
To save up for big items - Refrigerator/Washing Machine etc. I would withdraw my shopping money on the same day each week, but I'd not shop until the 8th day after my last shop.
I welcomed the challenge to stretch things just one more day. ie If I usually shop Mon draw money Monday, but 1st week shop Tue. 2nd week I'd draw money Monday but shop Wed - (since last shop was Tue not Monday it's only 8 days). Continue in same way and on the 7th week when you draw money, you will still have last weeks money in hand So you can bank it in seperate account. OK, it takes a while but I knew the fridge was on its last legs so started saving before it died - was able to pay cash when replacement day finally came, so also saved the interest I would have had to pay on HP.
My hubby left me with four youngsters, and by doing this, was able to meet big expense when they came. Also gave each of my children 1 year at college by being thrifty.