Find a penny, pick it up!

I’m not sure how much luck has to do with saving, but this childhood phrase comes to my mind every time I see a penny lying on the ground. And this in turn got me to thinking about how much money I would have if I had saved those pennies!

So here is my challenge. Starting the day you read this post, what if, from now on you put aside all of your change every day and kept it in a jar. How much money do you think you would have at the end of a year, and what would you then do with that money once it accumulated? Hmm.. lots of possibilities there!

Okay, so now what if you don’t use cash? What if you use your debit card all the time but would still like to save the change? Well, with Central National Bank it is possible to do just that! It’s called the It Makes ₵ents! program. It Makes ₵ents! allows me to round up my debit card transactions to the nearest dollar (all the way up to $10.00) and have the change put right into my savings account!! So, not only am I saving money without even realizing it, but I am also earning interest on it!

Being enrolled in It Makes ₵ents! also means that there’s no minimum balance requirement on the savings account it’s tied to. As long as it’s hooked to It Makes ₵ents! and there’s a flow of change being deposited into the account you’ll never receive a service charge for being below the minimum.

If that still isn’t enough incentive, maybe this will help you decide… Starting September 1st, 2012 we are launching a new savings match program. If you are enrolled in It Makes ₵ents! the bank will match 5% of every penny saved!*

 

*See the complete program details and restrictions at: www.centralnational.com/personal/imc.asp

Article courtesy of Jodi – Guest Blogger

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