Boost Your Savings Account by Adding the Money You Save on Every Trade
Buying things when they are on sale is a great way to save money, but you can save even more if you take the money you saved and put it right into your savings account.
If you save $ 20 by buying an item on sale, you might be thinking, “Now I have $ 20 to spend on other things.” Eric Nisall suggests that you instead put that $ 20 in your savings account and pretend you bought the item at full price. Sure, it would be nice to have that extra $ 20 for expenses, but it’s probably best where you can’t touch them while gaining interest. As Nisall explains, this is a great way to trick you into saving more money:
So, if I went to the grocery store, or generally to shop, I would take the “total savings” from the bottom of the receipt and translate it. I also transferred all of my overtime payments. Since I was only budgeting for general expenses and regular salary, I did not notice any difference in my daily bill.
Every time you get a discount, use a coupon, or find a great deal online, take the difference and put it into your savings. You will accumulate money faster than you think if you do not forget about it.
10 Tricked Ways to Save Money | Simple dollar