Saving money is a goal at the top of everyone’s priority list, but it’s a task that is often easier said than done.
Simple, easy budgeting hacks which can be seamlessly incorporated into our daily routines are always welcome, and the latest craze is sure to be of interest to modern day savers across Australia looking to boost their bank balance with minimal effort.
Using nothing but an empty bottle of Coca Cola, a sizeable stack of $2 coins and some patience, you could net yourself the tidy sum of $880 – all by collecting your spare change.
The latest budgeting craze is sure to be of interest to modern day savers across Australia looking to boost their bank balance with minimal effort – all you need is some coinage and an empty Coke bottle
According to Better Homes and Gardens, the key to serious saving lies at the bottom of an empty soft drink bottle.
The site advised taking a used 600mL bottle of Coca Cola, washing and drying it and then using it as a makeshift DIY piggy bank.
The idea centres on ‘The $2 Challenge’, where you put a $2 coin in the bottle each time you have a spare piece to hand.
The site advised taking a used bottle of Coca Cola, washing and drying it and then using it as a makeshift DIY piggy bank
It’s estimated a 600mL bottle of Coke holds roughly $880 worth of $2 coins.
Serial savers can elevate this hack by using a 1.25 litre container which can accommodate an incredible $1,830.
For households with children, get the kids interested in saving early and start small using a 250mL bottle – this holds approximately $350 worth of coins.
For households with children, get the kids interest in saving early and start small using a 250mL bottle – this holds approximately $350 worth of coins
The idea has generated a flood of comments on social media, with users sharing personal success stories and alternative hacks for increasing your bank balance.
‘I used a Coke can – using $2 coins it works out about $800, and you can’t cheat…the only way to get the coins out is to cut the can open!’ one wrote.
Another saver said his family tried the 600mL challenge and counted $908 when it was full.
One account said they save more efficiently when they ‘can’t see the coins accumulating’, and claimed to have saved an impressive $1,500 by filling a Pringles can with $1 and $2 pieces.
Other popular savings hacks capturing the imagination of frugal Facebook users is the 52 Week Challenge, which some say will pocket you a tidy $1,378 if you save the same amount of money as the week of the challenge you are in, e.g. $1 for week one and $10 for week 10
Other popular savings hacks capturing the imagination of frugal Facebook users is the 52 Week Challenge, which some say will pocket you a tidy $1,378.
The idea hinges on saving the same amount of money as the week of the challenge you are in, that is $1 for week one, $10 for week 10 and so on.
Families can also build their bank balance by creating an old fashioned bad habits jar, also known as a swear jar.
Better Homes and Gardens recommend kicking habits like nail biting to the curb by imposing a penalty of $1 on every offence.
Allocating an individual jar to each member of the household means everyone has a small sum of pocket money to enjoy or to put towards a larger family activity like a holiday.