4 Simple and Sneaky Ways to Save More Money
Lest you write it off as a merely aspirational feat of adulthood, let’s get one thing straight: Saving money is not as impossible as it sounds. In fact, there are plenty of ways to do it little by little every single day.
But if you’re unable, unwanting, or unwilling to skip the dry-cleaning or eat cereal for dinner, there are other sneaky ways to save. As Business Insider phrased it, these are ways to more or less trick yourself into saving more, with ideas ranging from raising your rent (kind of) to going credit. Read on.
Raise your rent.
Well, don’t actually raise your rent, but pretend your rent went up. Regularly allocate a set amount on the same day that you pay your mortgage or rent to an account that is not your checking account. Voilà! Money in the bank.
Check to see if your debit card has a round-up feature. If it does, sign up for it. Whatever purchases you make using it will round up to the nearest dollar, and the difference will go into a savings account. It may be $0.45 here and $0.20 there, but it’s something!
Stow those extra paychecks.
Do you get paid biweekly? If so, there’s a great way to save hiding in the calendar year. Two months of every year, you actually receive three paychecks. Despite this nice treat, set up your budgeting to rely on two per month instead, and put the additional ones right into your savings.
We’ve said it before and we’ll say it again: Having—and not abusing—credit cards is an important element in establishing strong financial footing. Use responsibly, and opt for a cash-back card. Allocate those discounts to your savings account.
Do you use any of these tactics to save? How do you save money? Tell us below!