Build your savings on lower gas prices

Each week I will offer a savings tip to help you save some extra cash. This week’s tip: Use the extra money that you are saving on gas and place those savings in a high yield savings account. Gas prices have dropped sharply from their highs of this past summer. The average price for gas in my state has dropped from over $4.00 a gallon to $1.89. Just 6 months ago I was paying $75 to fill my gas tank up. Today $35 will give me a full tank of gas. I am taking the difference between what I used to pay for gas and what I am paying now and using it to build up my savings account. This tip can be used by anyone with a car. Pretend as if fuel prices are still $4.00 per gallon and deposit the extra money in your savings. This is a quick way to save some cash. So far I have been able to save $160 a month. Try it out. It works!