Saving for a Rainy Day #360Savings

This is a sponsored conversation brought to you by CapitalOne 360. All thoughts and opinions are my own.

Saving money to can make you feel happy. To know that if you need it, then it's there is like a snuggly security blanket. But many people have issues saving money because of financial constraints or deep-rooted spending habits. When I first became a stay-at-home mom, going from two incomes to one was definitely a HUGE learning curve. I was use to going out and getting whatever we "needed", instead I now had to sit down with my husband and figure out if we really needed it and how long it would take until we could purchase it. But what about bigger purchases? Like having a baby, a new car, or even a college tuition? Or what if something happens?

Of course I am no expert on saving money, that's why I was excited when financial expert Nicole Lapin teamed up with Capital One Back to help consumers 'Challenge Your Savings' to make up for those bigger purchases simple and easy.

When it comes to financial goals like saving for a college education, she encourages individuals to get into the nitty gritty - no detail or expense is too small when you’re trying to get a sense of your overall financial picture, especially when it comes to saving. I encourage you to watch the video below to get a better picture of how to effectively plan and save up for a college education for your children.

Savings Tips from Financial Expert, Nicole Lapin:

- Cut out one "luxury" item. If you have high-interest debt, cut out one luxury expense, like dining out weekly or a pricey monthly salon visit, and put use every available dime toward paying down your debt. This will give you a nice financial bump in two ways: 1) once the debt is gone, you’ll find yourself with even more "fun" money because you’re no longer paying off yesterday’s fun money with interest; and 2) you might find that you’ve lost a taste for those expensive habits that got you into trouble to begin with.

- Work as a team. If you and your spouse are trying to save for a shared expense, such as the down payment on a house or a new car, set up a "matching" savings plan and get there twice as fast. You can easily track it all with 360 Savings from Capital One’s My Savings Goals tool. To add even more incentive, for every dollar your spouse saves against your goal, pledge to match a dollar. Not only does this method give you both skin in the game but a little friendly competition will move those savings along more quickly.

- Take advantage of tax refunds. Stop seeing your annual tax refund as free money. It’s not free money; it’s your money. As soon as you receive your refund, transfer those funds directly into your savings account to give it a bonus boost.

 Capital One Bank prides itself in helping individuals get more out of their savings. That’s why their 360 Savings accounts require no fees, no minimums and provide great interest rates that better support and get you to your savings goals faster. You can learn more by visiting, And be sure to check out more savings tips on the Capital One 360 Facebook page.

Do you have a rainy (or sunny) day fund? What ways do you save money? What do you think of these tips?

This is a sponsored conversation brought to you by CapitalOne 360. All thoughts and opinions are my own.


  1. A huge money saver for me was cutting cable. I use amazon prime and hulu plus. even if you add Netflix to that, you are still likely paying far less for all 3 put together than you are for a basic cable tv package and I have PLENTY to watch.

  2. Will be trying the cutting the luxury item idea, thanks

  3. Budgeting – in my opinion, this is the common concern of most people. No one can blame you, right? It’s always an advantage to have money for any eventuality. So when unexpected things happen, your family is safe from the financial stress it might cause. I want to try your idea of cutting the luxury item. That's so great! Thanks for sharing!


Thank you for dropping by! I would love to hear what you thought. :)