Saving money in everyday life: Experts explain four methods that make it easier
Created: 02/28/2022, 16:09
There are a few simple tips to help you save.
© Patrick Pleul/dpa
Many savers have certainly made good resolutions for 2022.
If you want to put them into practice, you might need a little help or two.
Maybe this has happened to you too: At the start of the new year, you make a resolution to manage your own money better and to put something aside more often.
But no sooner has the year started than the good intentions have already been thrown overboard.
If you feel the same way, a few simple
savings tips could help you in everyday life
.
In a blog post, the Federal Association of German Banks referred to four well-known methods with a view to the turn of the year.
Tips on how to save money in everyday life a little easier:
1. The five-euro trick*:
With this
savings challenge
, you practically promise yourself that you won't just put every
five-euro
note that is handed out to you (e.g. as change to pay) with the other banknotes put it in your wallet and then spend it again.
Put it in a piggy bank instead.
Just give it a try.
2
.
The
“
consumer diet
”: This method is intended to help avoid impulse purchases.
The Association of German Banks explained the simple rule in the above-mentioned article as follows: “All requests are first put on a note and are looked at again after a month.
You can only strike if you still want it.
Otherwise the money is saved.” The method can also be used in a team: “This is how you define together with your friends what, for example, should be avoided for six months or a year.”
3. The 52-week task:
With this savings method, you fill the piggy bank every week:
In the
first week you put in one euro
, in the second week two, in the third week three euros.
You can continue this principle until you have landed in week 52 - and then you put 52 euros in the piggy bank.
If you empty it at the end, you should end up with a sum of
1,378 euros
.
4. Round up amounts:
Another savings method is
rounding up
.
"If new shoes cost 75.99 euros, for example, you internally calculate 80 euros and transfer 4.01 euros to an overnight account," says the blog post by the banking association, among other things.
Some financial institutions would also offer "rounding up" automatically, as the German Press Agency (dpa) also described on the subject: If customers wish to do so, a rounded-up amount
can be booked to the
call money account after each payment with the money card.
You can also find out more money-saving tips here
Sources: bankenverband.de; dpa
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