If you have read the coupon investing experiment, you’ll know I am taking the funds that I save by using coupons and investing them. At the end of week one, I had saved $69. By week two, I saved another $16. I also went to the movies and had rewards coupons for a free ticket, $10.50, a free medium pop-corn, $8, a free small pop-corn, $6, and a small drink $6 that were all expiring by the end of the week, so I used them all. I decided to take this from my YNAB Entertainment Category and add it to my investments. This will give me a total of $115.50 for the pay-period to invest. According to Betterment’s handy-dandy advice calculator, adding this will increase my retirement goal by $272.00. This may seem like small-potatoes, but I see it as an integral piece of the puzzle. If I can keep this level of investing each month, we are looking at thousands more towards my retirement. Just matching that same investment during PP2 of August, I will have increased my retirement by $525. That’s another $7000 added to a 15 year investment plan if I can invest at least that much extra every pay period.
While using the extra money I got from the movie coupons, I realized I can do the same for any budget category. I have gotten the “Retail-me-not” app on my phone, which sends retail coupons directly to my phone for pet stores, clothing, and even some restaurants. Even money saved from a percentage off will be a great way to save towards my investments. I also have a Winn-Dixie rewards card, which gives you cents off your gas purchases. I plan on taking that money from my fuel category and investing it as well. It has never been more important to save money now that I see the potential returns towards my retirement.