I was flying back from vacation to my home in Las Vegas when I started flipping through the SkyMall catalog. It’s the catalog on every Southwest Airlines jet that offers you everything you could ever need but didn’t know you wanted. While barely glancing at the hammock for my dog, the fake boulder you can place over the unsightly telephone box in your yard and the crossword puzzle the size of my first apartment and I saw something that caught my eye. It was the $5 A Day Automated Bank.
This is the description that comes with the item:
Put away $5 a day, five days a week, and at the end of the year you’ll have $1,300. Could it really be that simple? Yes — with this handsome laser-carved wood bank. An automated mechanism pulls in your deposited bill and holds it safely inside, while text on the exterior keeps you motivated to stash that cash. Great for a Christmas fund, vacation goal or just a rainy-day buffer. Requires 2 AA batteries; not included.
As a lower-limit grinder and poker pro wannabe I am always thinking about bankroll. Thirteen hundred dollars could go a long ways in the 2012 World Series of Poker — the $500 Casino Employees Event and some satellites for sure.
And it’s $1,300 a day if you only put away $5 a day, five days per week. What if you participated seven days per week? Saving $5 per day for 365 days, you would accumulate $1,825 in one year! That’s not chump change.
Now you don’t need this $49.95 box to make that happen. I have a small box that looks like a miniature treasure chest tucked away in my house. It’s where I throw all my loose change every day. In addition, I drop in $5 in cash every day. Sometimes it’s in ones. Sometimes I drop in a twenty-dollar bill and make change. If I feel like I have a little extra cash on me, I throw the whole $20 in.
It’s not about how much you’re putting away. It’s the fact that you are training yourself to make the effort to save a little for whatever you want. For me, it’s poker. That’s my dream.
Put away $5 per day for your dream.