(Guest Post by Victoria Reitano, on a similar idea I once blogged about ;))
You know the feeling when you take out a winter coat after a year in the closet and find 20 bucks in the side pocket? Imagine doing that all the time.
Saving money is hard, but essential, so I hide money from myself. For a while, I used to put all the dollar bills I had into different jars around my apartment and then when I needed money (usually between paychecks) I’d scramble around to find it. Now, I’m older and wiser — I add it to my Google calendar.
As I’m sure many of you do, I get paid on the 15th and 30th of every month. After figuring out my budget, I determined that my 30th check goes to all my expenses (Rent, credit cards, electricity, etc) and my 15th is more of my food/spending money. That means that on the 15th I have a little more to play with, so what I’ve recently started doing is taking out a specific amount of cash and hiding at least $100 in a specific location, in an envelope.
I change the location each month so that I never really remember (and go for it too early), then I add it to my Google calendar as a reminder for the last week of the month, when I usually need it.
I also try to auto-deposit money into my ING Direct account each month and then every 2-3 months make a note in my Google calendar of that. The best way to do this is to create the alert, have it email you, and then “hide” the calendar so you don’t see the reminder every time you log in.
How do you trick yourself into saving? Share your tips below!
Victoria Reitano is a multimedia journalist and social media strategist who writes about technology, advice for 20-something women, fashion, yoga and gluten-free living. Reitano is a graduate of Quinnipiac University and lives in Long Island, New York. Connect with her via her website, victoriareitano.com or follow her on Twitter, @giornalista515.
PS: Another place to hide your cash? In one of these awesome diversion safes ;)
(Photo by Pink Sherbet Photography)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!