‘See a penny pick it up’: Start saving on Lucky Penny Day (Opinion)
Feeling lucky this week? Well, this Sunday is Lucky Penny Day. It’s the day we celebrate in South Lake Tahoe the luck we get from finding a small shiny piece of copper with Abraham Lincoln on it. Even more than that, it’s a day where we should acknowledge that saving your pennies in South Lake Tahoe could add up to dollars in time.
Here are a couple of tips to help you start your lucky penny savings habit.
Round up your purchases: Save your debit and credit card receipts from shopping and round up each one of your receipts transferring the extra change into a savings account. You won’t miss the change, and it will help build a savings account over time.
Collect your change in a jar or can: Save your coins from cash transactions in a can or jar. When the container fills up, head down to the bank for some coin wrappers, and deposit that money into a savings account. That’s a simple and smart way to use your excess change.
Pay yourself first: When sitting down to pay bills for your electric, gas, insurance, etc., make a bill out to yourself. Pay yourself first, before the other bills, by transferring some money into a savings account. You can make your transfers automated at the same time each month, just as if it were a bill payment. Any amount will make a difference.
Picture your reward: Saving your lucky pennies will mean more if you can picture what you are saving for. Maybe you want to treat yourself to a special dinner or a summer ice cream social with friends. Put a picture of what you are saving for in South Lake Tahoe on your smartphone or fridge to remind you what your lucky penny saving success looks like.
Saving money does not have to be a chore, and it’s a smart way to prepare for the future in South Lake Tahoe. So, start today counting your lucky pennies on the way to better financial habits.
Fanny Fernandez is a district manager for Wells Fargo Bank.
Support Local Journalism
Support Local Journalism
Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Your donation will help us continue to cover COVID-19 and our other vital local news.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
Hiking the spectacular trails around Tahoe this time of year generally means you’ll encounter some snow. Sadly, that’s not the case this year.