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 sources of money, no matter how small.
2. Give them a job to do.
This post explains how I set up individual savings accounts for different savings goals.
Click here to see all my posts on finding and using found money.