Hi Dime Savers!
My name is Jesse. Usually I write over at the Best Interest, but today A Dime Saved generously let me write here. And in honor of “dimes,” I’m going to outline a little investing plan today called 10 by 10 by 10. I think just about anybody could implement this plan, especially if you follow some of the awesome savings ideas offered here on A Dime Saved.
The Basics of 10 by 10 by 10
If one can save $10 on each of 10 separate purchases in a given month, and then repeat that behavior for 10 months out of the year, then my mathematical prowess suggests that this person would save $1000 a year. @BestInterest_JC Click To TweetOr you can mix up the numbers as you see fit. But 10 by 10 by 10 is catchy, like those TV lawyers and their easy phone numbers.
In the following 10 minutes (hey!), I’m going to break this plan down step by step:
- First, what are some simple ways that a person could save those $10?
- And, which of these opportunities for saving are repeatable, or frequent enough to accomplish multiple times in a given year?
- Then, we’ll cover some ideas about sticking to the saving habit
- Finally, what do we do with the savings? And what kind of long-term profits can we hope to reap?
10 Ideas for Saving 100 Dimes
Saving $10 is easier said than done. But that said, it’s still pretty easy!
If I can quickly come up with the following 10 ideas in one session, then I know you all could double my list twice as fast!
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