Most personal finance books and blogs talk about saving money by being a smart, frugal shopper by using coupons, buying one and getting one for free, reading sales circulars, or signing up for merchants’ phone apps; but I still haven’t read any advice on what to really do with the amount of money you save.

If I just recognized that I saved half the retail price on a pair of sneakers, which is a savings of $ 40, then that’s one thing, but that keeps my checking account balance higher at $ 40. I’d probably find Another item to spend that $ 40 since it’s technically free, right? Get more retail profit for my money, so to speak.

Instead, my hacking strategy recommendation is to discipline yourself to sweep away the $ 40 you save in your savings account.

Here’s an example, I just saved about $ 23 on my last trip to the grocery store through coupons, store sales, and using the grocery store club card. The amount I saved is on my receipt $ 22.84. I use my rewards credit card to capitalize on some traveler miles that I will pay for as soon as possible when I get home. But while I’m at the grocery store, I use my phone to transfer that $ 22.84 that I would have spent if I had paid full retail price and that goes from my checking account to my savings account.

I’m in the habit of putting these savings aside, whether I save $ 2.25 or $ 100 + when it comes to money and savings, small amounts no matter how small I think will eventually add up to tangible results. This strategy has really allowed me to “beef up” my savings account and is also an easy way to save.

In order to do this, you will need

1. A checking account and a linked savings account, preferably from the same bank or credit union

2. Your bank or credit union must have online banking services so that you can transfer money from your checking account to your savings. Ideally, if your bank has a phone app that allows transfers, then that’s even better. You don’t want to wait that long to transfer your savings; do it while the feeling of victory from saving money is still fresh.

Think of it as a scorecard to show how much you save on purchases.

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