I’m a big, big fan of capturing small amounts of money and putting them to work doing big things.
I stumbled onto this method while we were aggressively trying to pay off debt. Since that time I’ve used variations of the same method to help pay for college expenses, buy a used car with cash, and fund a business savings account.
The simple explanation of the found money method is this:
1. Identify small income streams.
2. Give them a job to do.
One of the most regular sources of found money for my family have been the cash back rewards I earn with my PerkStreet debit card (see my PerkStreet review here.)
And you can click here to see all my posts on finding and using found money.
Feel free to weigh in if you have a source or have used found money to improve your financial life.