5 Ways to Save a Buck on National Dollar Day

Income and Investments

On August 8, 1786, the Continental Congress established a monetary system for the United States, authorizing a new currency to be issued throughout the young nation. And thus, the dollar bill was born!

The dollar bill may not be worth as much these days, but it has a rich history. While centuries old, the dollar bill hasn’t always looked the way it does today. Our first president has only graced the dollar bill’s presence for 85 years; before 1929, dollar bills were issued as gold and silver certificates.

And did you know that dollars aren’t printed on paper? That’s right; those crisp George Washingtons are actually produced on a cotton and linen blend, which explains why your cash stays intact even when you accidentally run it through the washing machine.

In honor of Dollar Day, here are five ways to save a buck each day:

  1. Buy generic. Generic or supermarket brand items are usually less expensive than name brands, and are often the exact same product. Before you reach for the label you know best, check to see if your grocery store offers a cheaper option.
  2. Get connected. Are data costs driving up your phone bill? These days, most establishments offer free Wi-Fi networks so you can save your precious data. Want to plan ahead? If you have a check-in app like Swarm, check the comments on your location—users often post Wi-Fi passwords, so you don’t even need to ask!
  3. Hit the books. Whether you’re into fantasy or biographies, summer is the perfect time to catch up on reading (preferably by the pool, with a smoothie in hand). Before dropping cash on that new bestseller, take a trip to your local library! Membership is completely free, and we guarantee you’ll find a quality beach read.
  4. Flip the switch. On average, electricity costs almost $0.13 per kilowatt-hour. Those cents add up, so cut costs and keep your lights off when you’re not home.
  5. Brown bag it. This one’s a no-brainer, but we’re all guilty from time to time! Instead of dining out during the week, save your cash and bring your lunch to work. Need some food inspiration? Search Pinterest or popular food blogs for creative work lunch recipes!

Happy birthday, Dollar Bill! How are you saving a buck today?

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