Sunday, January 4, 2009

The Savings Meter Explained

Coins in a mason jar










Image courtesy of stockxpert.com

You may have noticed the little tally we have going at the top right of the blog. It's called the Savings Meter - and it represents the whole reason for writing this blog in the first place.

The Savings Meter will track our progress as we try different ways to cut the fat from our daily spending. It shows actual savings...and what I like to call "opportunity savings." Here's what I mean:

  • Say we use a coupon to buy 2 movie tickets for a discounted price of $6.50 each (regular $9.25) - we add $5.50 in actual savings to the jar.

  • Now, say we meet friends for dinner at a new restaurant. We're typically wine drinkers at a dinner like that. But, if Matt and I forgo the wine and stick with water, I'll add 20 bucks to the pot. (We had the opportunity to spend $20, but we didn't.)

See, it's all very scientific...and every penny counts. At the end of the year we'll donate a percentage of the total Savings Meter amount to a charity (TBD) that helps needy families in the Detroit area.

If you're trying to save money, too...why don't you play along with us? Come on, it'll be fun!

3-2-1 START YOUR METERS!

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