The Mason Jar Money Method
There is a lot to said for putting your spare change to work for you. Even if you’re working your way out of debt, or you are already pinching pennies so hard that the copper fuses together, the Mason Jar Money Method helps you make serious financial progress even when you have little to save each month.
The Mason Jar Money Method can be fun for everyone in family since you actually see your savings grow week to week and it’s right in front of you, not just an obscure figure in a bank somewhere. I recently read that the physicality of money, (actually touching it and seeing it) is more psychologically powerful than the concept of money on its own. (For more on this, I recommend reading the books Pocket Your Dollars and Zero Down Your Debt.)
Physically handing over paper money seems more “real” than swiping a card, and can even physically register as subtle pain for the spender. Watching your collection of greenbacks grow in the jar might be more psychologically stimulating than moving decimal points in an online bank account.
The Mason Jar Money Method is so “old school,” and that’s why I like it, it’s simple and it’s quite frankly- fun! It always makes me think of Pixar’s Up when I throw my weekly money in the jar:
(Up happens to be one of my favorite movies of all time..cue the piano interlude and I cry like an idiot)
I love the Mason Jar Money Method because it’s not only fun to do, but it’s easy to start, even if you’re broke. All you need is a mason jar or similar and a few bucks.
The basic plan starts with just $1 on the first week and you can ease your way into saving big bucks. For each week of the plan, you save an extra dollar.
Week 1=$1. Week 2=$2. Week 3=$3..and so on. Of course, by the end of the plan you’ll be putting away $52 in one week, but you’ll have weeks of time to lead up to the biggest saves, which takes the sting out of saving those extra bucks each week!
Best of all, when you’re finished, you’ll have well over $1300 in the jar to spend on something special- a vacation, holiday travel or that emergency fund you know you should have but haven’t started!
If you’ve missed starting your Mason Jar of Money on January 1, no problem! You can either play catchup (do you have an extra $1 or 2 lying around?) or find another holiday or milestone to save towards.
I’ve made it easy as pie to calculate your Mason Jar Money Method by starting with just .25, .5 or $1 with a free printable below!
How would you celebrate your next birthday, Valentine’s Day, summer vacation or Christmas shopping if you had $1300 in the bank? If you have a few quarters lying around, you can start today!
To start your Mason Jar Money Method you need a giant jar and click to download the cheat sheet below!
Click To Download As A PDF: Mason Jar Money Method – FrugalBeautiful.com
Update: My accountant Fiancé who helped me with the calculations did some travel research- for the $1 plan we could plan a weekend getaway to San Antonio for $1300… a nice one too! That’s something we could get excited about for a few dollars a week. So who knows what you can come up with your mason jar!
So, How Would You Spend Your Mason Jar Of Cash?
- Manage your assets and investments for FREE with Personal Capital!
- Get a high-interest savings account with Capital One 360 – my favorite bank!
- There’s An App For That: The Best Money (& Sanity) Saving Apps
- How to Choose a Savings Account That’s Right For You