The $1 Rule: A Surprisingly Simple Way to Build Your Savings

Saving money can feel overwhelming—especially when life is full of bills, responsibilities, and the unexpected. But what if the secret to growing your savings wasn’t about big sacrifices, just small steps? Enter the $1 Rule: the simple, no-stress way to build a financial cushion, one dollar at a time.

Why $1 Matters More Than You Think

It’s easy to dismiss a single dollar. But saving money isn’t just about how much—it’s about consistency. Setting aside $1 a day adds up to:

• $30 a month—enough to cover a streaming subscription, a meal out, or a little extra gas.
• $365 a year—a holiday fund, a car repair, or a start to your emergency savings.
• $1,825 in five years—a serious financial cushion, without making any drastic lifestyle changes.

Now imagine increasing that to $2, $5, or rounding up your purchases into savings. The habit of saving grows just as fast as the balance.

Earn Interest—Grow Your Money Faster

Here’s where the magic happens: when your savings earns interest, your money grows even faster. Instead of just stacking up what you put in, interest helps multiply your savings over time.

With 316 Financial's Interest Savings, you earn 4.05% APY (annual percentage yield*), so every dollar you save is working for you. Even better? Your savings helps support causes that uplift—because banking should be about more than just money.

Automate It and Forget It

The easiest way to stick to the $1 Rule? Make it automatic. Set up a daily or weekly transfer to a high-yield savings account, and let time do the work for you. The more effortless it is, the more likely you are to keep saving.

Small Steps, Big Impact

A dollar a day may not feel like much, but it’s proof that small actions lead to big results. And when you bank with a company that aligns with your values, every dollar has even more purpose.