saving money

27 Dec

Sneaky Ways to Trick Yourself Into Saving Money

Saving money may seem daunting at first, but it’s easy if you know a few fun and simple tricks! Here are a few sneaky ways to trick yourself into saving money this year. 

Start Small

Create a savings account: The best way to start saving money is to set up you own savings account. This will be the account where all the money you want to put away will go. By creating a separate account, it ensures you won’t accidentally spend  this money.

Start a change jar: This might be the oldest trick in the book when it comes to saving money, but it still works. Create a change jar to put all your loose change in. It may add up to anywhere from $5 to $10 a month. That might not seem like much, but multiply that by 12 and it accumulates to something useful each year.

Use coupons: There are more easy ways to use coupons today without having to cut them out of ads. Grocery and retail stores have coupons you can download on their mobile apps and use in-store. If you really want to save, sometimes you can use both paper and digital coupons at the grocery store.

Change your routine/habits: Do you go to the local coffee shop several times a week? A $3 coffee doesn’t seem like much at the moment, but when you add up all the coffee you drank each month it can accumulate to a lot. Buy a coffee maker and large cans of coffee. This will save you a lot of money each year. 

Step It Up

Create saving challenges: There are many saving challenges you can do to make saving money easier, and a little fun.

  • Dollar bill challenge: Put a dollar bill in a jar once a day everytime you return home from work or running errands. Only do this if you have a dollar bill in your wallet.
  • The dice challenge: Every time you get paid, roll a die to obtain a number. With that number add a “0” to the end and put that amount of money in your savings account.
  • Weekly challenge:  At the start of the first week of the month, set aside $1. At the start of the second week, set aside $2. For the third, set aside $3. At the start of the fourth week, set aside 4$. You’ll end up with $10 each month and $120 over the year.

Use a money savings app: Technology is a great aid in saving money. There are many great mobile apps that can help you save money. Here are the best money savings apps:

Take surveys: Online surveys are a great way to earn extra money, gift cards or other incentives. All the surveys are easy to take and can be completed in less than 15 minutes.

Take Advantage of the Bank

Set up automatic transfers: With your bank you can set up an automatic transfer from your checking account to your savings account. Having your paychecks directly deposited to your checking account is great way to automate your savings.

Open sub-accounts: If you are saving up for a new car or a vacation, set up a sub-account with your bank. This ensures that you put the money you are saving into that specific account and not into your checking account where it might be spent.

Saving money doesn’t have to be hard. Once you put the work into, you’ll be happy to see the result and all the money you saved.