Why would i do this, I know 5 dollars seems like nothing.
but 5 dollars x 7 days a week $35 dollars a week
$35 x 4 weeks= 140 dollars a month.
140 x 12 months = $1,680 a year
If you would pick just two accounts lending club, and monthly dividend account you would have saved $3260 a year. Thats just INVESTING 10 dollars a day. Every time i have a extra $25 dollars I chuck it into lending club, facebook marketing for my company, and send it to my Etrade account just to have NON accessible funds that are working for me. When times are tight many folks stop investing, just stuff money under their mattress.
I created the $5 snowball while working at papa johns and as a leasing agent during the day. I hoped that when another accident, work transition or new business creation happened I would have streams of income to help float me along.
I started calling it $5 dollar freedom lies. The most important aspect to this is consistency because willpower will fade. Automation and increasing yearly income is also important. Eventually you can increase this snowball to $15-$25 a day.