July's Money Challenge: Save Your Spare Change

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Now is the time to start saving up for all your inevitable holiday spending, and this month's challenge encourages you to do just that. Let's keep our change.

We've hit you with some tough challenges this year, and you've aced them. This month's challenge is a simple one that just about anyone can join. We just want you to round up your purchases and save the "spare" change. It's a fun and easy way to add some extra savings in your budget.

You can, of course, pay with cash and literally keep the change when you buy stuff. However, most of us pay with cards, so you might find it useful to sign up for a tool such as Acorns that will automatically save and invest your spare change.

You don't have to use this tool to take the challenge and you don't have to use your savings to afford your holiday spending. Tool such as this make it easier and it's a good idea to start thinking about the holidays; however, the idea here is simply to save your extra change, then use it toward your financial goals: Pay off debt, save for an emergency, or save for any other goal you might have.

Are you in? If so, let us know. Then tell us how you plan to round up and save this month!


    I save all my coins by carrying a slim wallet (Belroy) that's not particularly suited for carrying coins. Any coins I end up with spend the day in a pocket then go into a savings jar that evening given I don't have a permanent place in my wallet for them. Also helps reduce the profile of the items I carry with me each day.

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