The Pay To Use money saving game can really reduce your spending while at the same time increasing your savings — the best of both worlds for those looking to save money.
The easiest way to explain this system is to use your laundry as an example. If you don’t have a washer and dryer, you have to go to the local laundromat to do your laundry. When you do, you have to pay to use the washer and dryer there. Just as an example, lets say that you have to pay $1.50 for a load of laundry and $1 for a load of drying. Let’s assume you do 3 loads a week. You therefore must pay $7.50 a week or $30 a month to do your laundry at the laundromat.
After you purchase a washer and dryer, however, you don’t have to pay anything at the moment you pop the laundry into the washer or dryer. The appliances are both there in your home, easy to access and use. Since you don’t have to pay at that moment each time you use them, you don’t really think about the cost of doing a load.
What the Pay To Use game entails is having you pay yourself for all the things you do. In this case, what you would do is set up a bank on top of your washer and another one on top of your dryer. If you use the washer, you have to drop in $1.50 each time. If you use your dryer, you have to pay $1. These amounts can be adjusted to whatever you feel is appropriate.
The money collected from these Pay As You Go games should be used for the items that are actually being used. For example, the money you put into the bank on your washer should go toward any washer repairs and being able to purchase a new washer in cash instead of on credit the next time it needs to be replaced.
This game can be used for anything and everything depending on how you want to set it up.
If every time you have to put $2 into a bank on the dashboard of your car, you’re much more likely to plan your daily errands into one trip instead of several. If every time you turn up your heater in winter you have to put in a $1 for every degree you raise it, you are more likely to keep it at a lower temperature. If you have to pay to use the clothes dryer, you are more likely to hang the clothes out to dry. If you have to pay $0.50 each time you open the refrigerator door, you are much less likely to open it up and think if there is anything you want from the inside. If you have to pay $1 for each phone call you make, you will think before making a call whether or not it is really necessary.
The best way to start this game is to choose a single appliance and make it a Pay To Use appliance. Be sure to inform all your family members as they will also be required to pay that amount if they use any of the appliances that are part of this game. If this game proves effective over a month period, you should consider expanding it to as many other areas as your feel comfortable.
Not only will this game save you hundreds of dollars by making sure you only use the item when you really need to, it will save much more in finance charges since you will always have an emergency fund for that item in case it needs any repairs or replacement in the future.