$5 Savings Plan

Do you know what the $5 Savings Plan is?

5 savings plan

The $5 Savings Plan is a savings plan that focuses on the $5 bill. Every time you get a $5 bill,  you put it aside in your savings.  Some people don’t do every $5 bill. Instead, they save a $5 from their wallet everyday.

The problem with this plan is it doesn’t work for everyone. Some of the reasons this plan may not work is people do not use cash on a daily basis, people can’t afford to give up the $5 bill in their wallet, or they do not have $5 to begin with.

With the help of my readers, I have compiled a list of ideas to allow “EVERYONE” to participate in a $5 Savings Plan. Our $5 Savings Plan focuses on ways to “save” $5 a day without having to use cash you may not have.

By Saving $5 a day you will be $1,825 richer at the end of the year.

Take a look at all our great ideas and start your $5 Savings Plan.

$5 Savings Plan Ideas

5 Savings Plan
 

5 savings plan

$5 Savings Plan: Save on Beverages

Stop buying Soda, Juice, Tea, and Energy Drinks and drink water.

If you must have soda, buy it on sale in 12 packs or 2 liters and stop buying it from vending machines, convenience stores or drive-thru restaurants.

Stop buying bottled water and Switch to tap water.

If you can’t use water directly from your tap buy a water pitcher with a filter.

Use reusable water bottles. (Earth Friendly $5 Savings Plan Tip)

Brew your coffee at home and take it with you in a reusable coffee cup.

If you like flavored coffee, buy flavored creamer or syrups and use them at home.

Use your K-cups twice to get 2 cups of coffee for the price of 1.

$5 Savings Plan: Save when eating out

Skip appetizers and dessert

If you are going out with others, meet at one house for appetizers and stop off at another house for dessert.

Eat dessert when you get home. It will cost way less and you will have more options.

Share an entree with your spouse, child, or friend

 If you don’t have anyone to share with, automatically wrap up half to take with you for lunch the next day. This saves money and calories.

Order water with your meal and skip the soda, teas, and drinks. (Most Simple way to save on the $5 Savings Plan)

Water is FREE and has no calories.

A Family of 4 can save at least $8 buy opting for water instead of tea, soda, milk or juice.

$5 Savings Plan: Save on meals

Ditch breakfast from the drive-thru, your local doughnut shop, or other dining establishment.

Get up a few minutes earlier and prepare your breakfast at home or pack it the night before to take with you.

Make a big batch of pancakes on the weekend and freeze them. You will have a quick go to breakfast on hand for busy mornings.

Oatmeal Lovers can portion out your oatmeal with brown sugar in Rubbermaid bowl.  In the morning all you have to do is add boiling water and you are ready to go. You can even take it with you since it has a lid.

Pack your lunch and snacks for work. Use an insulated lunch bag to keep it cold.

Prepare extra at dinner so you automatically have lunch for the next day. Pack in a reusable container.
Get creative with leftovers and create a new lunch with them. Bento boxes keep your food separate.

Stop paying for subs or sandwiches from your local deli, sub shop, and fast food establishments.

Buy lunch meat and cheese at the grocery store and make your own at home.

Keep condiments in a separate container to avoid mushy sandwiches.

Stop paying for individual sized snacks.

Buy a large bag and store personal portions in reusable containers or reusable baggies to make your own individual sized snacks to go.

Plan a Dinner Menu for the week or month.

Make a shopping list based on the menu plan you have created. This avoids random shopping trips during the week that raise your grocery bill.

Grow your own garden and enjoy fresh vegetables.

Grow your own herbs to create flavor all year long for a fraction of the cost of store bought.

Reduce the amount of meat in a recipe and substitute vegetables.

Use cheaper cuts of meat in stews, casseroles, and soups.

Take your own snacks and beverages with you whenever you can.

Plan ahead when out running errands, going on car rides, day trips, etc.

If you have kids, keep a snack bag stocked since you don’t know when they will get hungry.

If you know you are going to need to eat while you are away from home, bring food with you.

Make side dishes from scratch and skip the boxes.

  1. Homemade mashed potatoes always taste better than instant mashed potatoes. (Leave the skins on and make home style mashed potatoes like the restaurants do.)

Use seasonings and spices to create your own pasta and rice dishes.

Buy a large tub of flavored yogurt and freeze your own yogurt drops instead of buying Name Brand yogurt melts.

 

Keep Reading for more $5 Savings Plan Tips 

 $5 Savings Plan: Save on Monthly Expenses

Cancel your cable or satellite service.

Use Netflix, Hulu Plus, and internet streaming to save $60 or more a month.

Unplug your appliances, media equipment, and lights when they are not in use.

When you see the savings you will not mind the extra effort to use a light.

You may also find you really don’t need to use it after all.

Skip using paper towels or napkins for everything.

Use rags or old wash clothes and just throw in with your laundry. They don’t take up much space so you won’t see an increase in your laundry.

Do your own bang trims or boy’s hair cuts at home.

Shop and Compare on your Utilities. Compare prices between providers in your order .

Shop around and compare prices on your Auto Insurance. ($5 Savings Plan Tip that could save hundreds)

Just because it was the cheapest option when you signed up doesn’t mean it still is.

Lower your thermostat in the winter and raise it in in the summer. (Easiest Tip in our $5 Savings Plan)

Lower your thermostat when you are not home or at night when you are sleeping. (In the summer raise it)

A programmable thermostat makes this easy to do. Just set it and forget about it.

If you pay for trash pick-up, you can compost and recycle to lower your trash amount and reduce the need for weekly pick-ups.

$5 Savings Plan: Save while Shopping

Use coupons and stack with sale items.

Buy your Sunday Papers at your local Dollar Store instead of the gas station or convenience store.

Check online for coupons that you can print and take with you.

Sign up for emails from your favorite stores. They frequently send out coupons.

Make sure you check for online coupon codes when shopping online.

Use reusable grocery bags. Many stores offer a few cents off your purchase for each bag or you even earn points towards your rewards program with that store. If shopping stores like Aldi’s and Save A Lot it saves you from having to buy them.

Never go grocery shopping without a list and make sure to stick to it.

Download our Free Printable Grocery List.

Figure out before you go buy something on sale if you are spending more to go get it than you are going to save.

Don’t buy things you don’t need or won’t use just because they are on sale.

Shop the clearance and mark-down sections at stores for items on your list.

Shop your local thrift stores, resale stores, and garage sales for quality clothes at a huge discount.

Buy in Bulk. Make sure to figure out the price her pound, serving, etc. Sometimes the big box stores are not always cheaper.

$5 Savings Plan: Save on Gas

Save gas by leaving early for work so you don’t get stuck in rush hour traffic.

Carpool whenever possible to work, kid’s to school, shopping, etc.

Alternate driving to stores to pick up a few essentials with friends.

Walk to places instead of driving. This will also help you get your exercise in for the day.

Plan your shopping trips and Map your route out so that you are not back tracking or missing stops. This not only reduces the mileage on your car but it saves gas and time.

Shop around for the best gas prices in your area.

It may be cheaper to fill up by work instead of by your house.

Fill up your tank before or after the weekend or holiday.

Check and see if you can save at your local gas stations with their reward card.

Kroger’s offers savings for Kroger Reward Card Users

Costco and Sam’s Club offer members savings on gas.

$5 Savings Plan: Save on Entertainment

Shop Amazon for Free Music.

Take advantage of Free Kindle Books.

Check with your local library to see if they offer free Museum passes.

Borrow books and movies from the library for free.(This $5 Savings Plan Tip is great for everyone)

Watch your local newspaper for Free Community Events.

$5 Savings Plan: Save on Birthdays and  Holidays

Skip Store Bought Cakes for Birthday Parties.

Make your own cake and decorate it yourself. See how easy it is HERE!

Schedule Birthday Parties in between meal times so you only have to serve cake and ice cream.

Make home-made cards with a heart felt message instead of buying a generic store greeting card.

Make Holiday gatherings a potluck so everyone is pitching in on the cost of the food.

Save your Holiday Window Clings for the next year buy storing them on a place mat. This keeps them sticky and is easier than trying to get them back on the paper they came on.

Re-use Gift Bags and boxes.

$5 Savings Plan: Miscellaneous Ways to Save

Save soda bottles/returnables from work and home and return them when you grocery shop. If your work does not have a receptacle, ask if you can put one up. Collect a few extra dollars a week that is being thrown away.

Pay attention to the bottom of your receipts for surveys that pay out with a free product, extra savings off your next trip,or even deals to other establishments.

Be resourceful! If you have friends or family that won’t use a product offer to take it off their hands.

Save all rebate checks you receive instead of spending them.

Save you change when you pay with cash.

Save boxes and packing material to re-use the next time you have to send something.

Use grocery bags in place of small trash bags, doggie waste bags, or “dirty” diaper bags.

 

 

Do you have a way to save that is not listed?

Leave it in the comments below and it could end up in our $5 Savings Plan List!

  Join the $5 Savings Plan and together we will all be $1,825 richer by the end of the year.

The important thing to remember is to “SAVE” the $5 you saved every day as part of the $5 Savings Plan.

If you are struggling to save money then check out these ways to make money!

Check out Dave Ramsey’s Guide to Budgeting for FREE!!

Topic: $5 Savings Plan



Do not forget to shop with us!
shop with us

Comments

  1. janet says

    i actually stopped drinking soda, i make my coffee most of the time, recycle, grocery shop twice a week so I don’t waste food, reuse zip lop bags if its clean enough, and much more to cut spending.

  2. says

    When we go to the theme parks, we pack a lunch, juice and snacks for the kids. We save so much money by just bringing our own instead of buying.

  3. Shar says

    So many great ideas. Here are 2 simple/little ideas:
    1. I love to also re-use cards (birthday, thank you, etc.) to create new cards.
    2. use Sunday colorful comic strips for wrapping paper

  4. Cynthia R says

    i already do most of the above drinking water instead of sodas, not eating out, if I do eat out, I try and have a coupon, we are focusing on eating more vegeterian meals after watching a documentary, not buying as much meat has been saving us money!

  5. Crystal Green says

    my family saves $5 per day by no longer buying fountain drinks at the gas station, not driving anywhere if we don’t need to, not eating out (and when we do, we try to share if we can), downsized our cable plan as low as we could to keep a couple channes the kids enjoy, not buying as many individual bottles of water though we still have to buy the 5 gallon jugs as we dont have city water, and of course by couponing. Your tips are great by the way.

  6. clarissa says

    everytime we go out doing errands etc my kids get thirsty. I keep drink boxes in the car so I don’t have to stop and buy them drinks (there are 6 of them so it really adds up)

  7. sandy weinstein says

    comment for starbucks card-i saved over 10.00 plus at staples, but downloading the coupons for the free paper and colored paper, also saved by using the coupon to get the air blaster for 4.99 for 2 instead of paying 8.99. also used the 25% rebate coupon and the 4.00 coupon on the paper towels and the 2.99 coupon on the 24 bottles of water. so, i actually saved alot more than 10.00.

  8. Faith says

    What don’t I do to save money,lol. First, I cut my husbands and children’s hair, learned watching a video. Second, I try hard to use swagbucks a lot so that every month I’m saving 5 bucks by earning it!

  9. Jody C says

    To save $5 (and more) utilize many of the tips on your list, shopping a thrift stores, buying in bulk, recycling aluminum, packing my, my kids, & my hubby’s lunches, snacks, etc, growing my own veggies in the summer & fall and canning what I can so I have them all winter as well…so many things.

  10. Odelia C says

    I use many of these tips in my home. We have a reverse osmosis and use water bottles. I cook most meals at home and always use coupons and wait for things to go on sale.

  11. Tammy S says

    To save money we started composting and went to every other week trash pick up. We have saved a ton and don’t through as much in the trash. we recycle or compost most of our waste.

  12. Patricia B says

    To save money, we sit and make a menu for a week at a time and figure out what we need and what we can make. Then we check and get what is on sale and with coupons.

  13. Kim M says

    I save by buying pantry stock items when they are buy one-get one free. On my last grocery bill, I saved almost $40 this way!

  14. mandy says

    I am saving $5 by skipping my Starbucks coffee urge when I go to Target! Also, by making my own laundry and dishwasher detergents. Saving lots of $5!!

  15. Debbie Craine says

    I am saving $5.00 by not buying paperback books. I only get the free e-books for my kindle(which i got for a birthday present) I also have my checking and savings at the same bank. I can move 5.00 per day to my savings online.

  16. karen d says

    I really like this idea of saving a little every day. Without even thinking about it, I already take extra change I have in my pocket or find in my husband’s pants when doing laundry and put it in a jar. We have cashed in a few full jars already at our bank and put it away for our kids to use when going on vacation in the future. It should be easy enough to utilize more of the ideas listed above and make it $5 every day. Who couldn’t use an extra $1,000+ at the end of the year?!

  17. Danielle Papsis says

    My family actually does a lot of these already- haircuts at home, planning ahead, bringing snacks and drinks with us for our toddler.

  18. Allie D. says

    One way I save five dollars is by purchasing a whole chicken and cooking it in the crockpot. I try to purchase when whole chicken is at or below . 99/lbs. There are so many differnt dinners you can get from one chicken! chicken noodle soup, chicken pot pie, chicken in rice or noodles. I also use get broth after the meat is taken off.

  19. Tiffany F says

    I save $5 by making my coffee at home in a to go mug 4 days a week and only treating myself to coffee out once or twice a week.

  20. Calshondra Williams says

    I love the $5 Savings Plan tips and have learned some good ones. I already have clippers and I cut hubby’s hair and my sons. I rarely eat lunch out. I always pack my own lunch or go home and eat.

  21. says

    We try to do most of these. I’m the coupon clipper in the house. It’s crazy how much we(people)pay for “convenience” of vending machines, gas station treats, etc when out and about. I guess some people don’t have money concerns?!?!

  22. says

    We try to do most of these. I’m the coupon clipper in the house. It’s crazy how much we(people)pay for “convenience” of vending machines, gas station treats, etc when out and about. I guess some people don’t have money concerns?!?! We also “recycle” kids clothes that ours have outgrown. Pass them to friends with kids and vice versa. <3 it!!!

  23. clarissa says

    check your drugstores for cosmetic clearances. They makrk down things that are close to “sale by date” and discontinued colors/items to savings of 75% or more

  24. Julia Soriano says

    Living well while broke is somewhat of a speciality of mine. Maybe the biggest thing my husband and I do is cook everything at home from scatch and always make lunches, We always stay with friends or relatives when we travel and our “date” activity is grocery shopping. When you make all your meals from scratch, use coupons and track prices, grocery shopping can be a very entertaining puzzle.

  25. clarissa says

    check you local area for vet clinics often at pet stores. You can avoid paying office visit charges and get your pets vaccines etc at reduced prices

  26. McCall says

    I goto the library every 2 weeks & get 8-10 books. If I find a book I can’t live without I will get online & find a coupon 4 a store where I can purchase it or have it shipped to for free. I do not own a single credit card so if I can’t find a coupon that week I’ll wait till the next cuz I can literally see exactly how much cash I have for the week & it has to last. Any $ leftover @ the end of the month will b added 2 bank account CD where I can add 2 but, not withdrawal til a specific date. I also use sites like groupon etc. I would share with my mom who got hooked me into Amazon after my traumatic brain injury. We don’t drink caffeine, coffee.

  27. Shannon Alexander says

    Our kids love going to the zoo. So one of the ways we save is by paying for a membership. THe membership pays for itself with just 2 visits. Each visit after that is like going for free.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge