Happy Friday: Building an Emergency Fund By Couponing
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Sent from reader, Marilyn:
Hi Collin! My name is Marilyn and I have been following your site since I was just a freshman in high school!
This past year, I graduated college and got a full-time job and moved out of my parent’s house (woo adulting!). I am adjusting to the financial burden of living on my own and having to make big purchases like furniture, car payments, etc…. all while trying to pay off my student loans as fast as possible!
This year I decided that I would grow my once non-existent emergency fund with couponing. I dedicated one of my savings accounts to put in money that I receive outside of my salaried paycheck. Any time I secret shop, get a rebate, or make money from surveys I put it directly into my emergency fund account. In one year I have reached $1,000!!! This is money I feel like I didn’t have to “work” for. This is money I have gained from being a smart consumer and savvy couponer.
I plan to continue this through 2017 and see how much more I can grow this (and possibly invest!). Next year my goal is to put all my money I get cashback from my credit card purchases as well – maybe I will get to $2500. Thank you Collin for all that you do, I wouldn’t have been able to get started off as a young adult as well as I have if it wasn’t for Hip2Save!!!
Do you have a funny, “Hip”, or unique photo to share?! Email us at email@example.com. Every Friday, we post one photo, submitted by a Hip2Save reader, that gives us a glimpse into their frugal lifestyle or simply makes us smile. If your photo is published on Hip2Save, we’ll email you a $10 Amazon e-card!