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How to Trick Yourself into Saving


Sometimes it just seems hard to keep on saving. There are so many things you need or may want and you feel you really deserve to have them. Saving money involves so much more than just learning how to open a bank account or hunt for coupons or best deals. The ability to save money relies more heavily on psychological factors than it does on financial literacy or logical factors.

We successfully saved for years until we reached the point where we could really start investing and growing our wealth. It wasn’t always easy along the way and there were many temptations. To get through it, we used every trick we could think of to stay the course.

Here are some of the things we did to trick ourselves into saving.

We created a feeling of scarcity.

We knew that we were living paycheck to paycheck back then. To make sure we had enough in the checkbook to cover all the bills, I would subtract the amount of each bill out of the register balance before paying the bill and then wait until just a few days prior to the bill’s due date to pay it. This made for interesting times at month end to balance the checkbook, but it kept the money in the account and out of our minds until we had to pay the bill.

Today’s ability to pay bills automatically via bank withdrawals or auto bill pay on your credit card is nice, but you still need to know what your bottom line will be (your spendable income, your discretionary income after all bills for the period are paid). Use tools such as’s budget functionality to help track it.

Extra care was taken for those periodic bills that only came once a year or once a quarter. To make sure we had enough from those, we actually moved a bit of money each payday from checking to savings and made the savings account completely off limits until the bills we needed to pay were due. Although it was very depressing to move money to savings throughout the year and then have to pay it out on end of year bills (think life insurance, real estate taxes and Christmas gift buying), at least we had the money put aside and didn’t go into debt for it!

We made the money invisible or inaccessible.

Instead of keeping the money in a checking or savings account, we made it a bit harder to see and reach by purchasing certificate of deposits or buying savings bonds with it.

I used the savings bond trick for my youngest son as well. I was trying to match their job income and get them to open an IRA to start saving for their retirement – while they were still in college. My youngest got carried away, cashing out the IRA, paying the fees, penalties and taxes, in order to get at that money. From then on, I bought series I bonds in his name, never told him about them and kept them in our safety deposit box. He is now almost 35 and I finally gave them to him to manage this year! Hopefully he has held onto them.

We put our change  in a jar every night.

Every night after work, we would come home and empty almost all of our change in a jar. It adds up over time and is really hard to spend. All you do then is to roll it and take it to the bank and put it in your account.

We rewarded breaking bad habits or paying off a loan by saving the money we would have spent.

I smoked for many years. When I finally was able to give it up, I kept putting aside the cigarette money for several years and saved it. I got a nice psychological boost knowing that I was building wealth while improving my health!

We keep our cars for relatively long periods (10 + years). In our early years we took out loans to buy our cars. Once we paid off that loan, we continued to save the money we would have sent to the loan company. Eventually we were able to start paying cash for cars due to this habit.

We put off buying things.

We still do this trick. We’ve been contemplating putting in new doors and windows for several years now. Sometimes procrastination can be a good thing. Instead of running out and lining up a purchase and installer, we are looking at angles to use less expensive labor and install over time.

Last week our freezer’s ice maker stopped making ice (in the heat of summer of course). I love that automatic ice maker and use a lot of ice. Since the refrigerator/freezer that houses the ice maker is over 15 years old, hubby suggested looking at getting a new one. I countered with procrastination, suggesting instead that we get a bag of ice and some ice cube trays (believe it or not, you CAN still buy those) and eat down the food in the freezer. Then we can thaw the freezer and see if there is a way to fix that old ice maker. After all, the other parts of the unit are still in great shape and working fine.

Do you trick yourself into saving? How do you psyc yourself out to build wealth?

This post has been written by Marie from Be sure to visit her site if you’ve enjoyed this post.

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My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. I also use to put all my coins in the jar, which in my case is a small plastic jar with a hole on top. I tape it and glue it, so that I won’t be tempted to use the money anytime soon.
    I also tape a note on the jar stating the reason why I’m saving. As of today, I have 3 different size plastic jars that I use and with different goals on them. I also put different kind of money on them, jar#1 is for coins only, jar#2 and jar#3 are for paper bills only.
    Anyways, thanks again for this great post, I learned other ways to trick myself on saving. 🙂

    • That’s great that you tape and glue the top!!! I got a kick out of that, but it would certainly work to keep a person out of the jar.

  2. It’s true that procrastination is sometimes a good thing! I’ve been thinking about putting in hardwood floors for years. This year I came so close that I even took out the $6000 cash to bring to the store before deciding to keep looking for other options. I decided that I WANT IT but I certainly don’t NEED IT!

    • I grew up with hardwood floors and hated them! They were always cold, Mom made me clean, wax and polish them and they were hard. I like my carpet.

      • @ Marie- Haha! Another reason to keep the carpet! Actually, I love the look of hardwood floors but not the maintenance. Now I’m considering tile or tiles that look like hardwood floors.

  3. Now this is interesting. Makes you realize that financial independence is more about habits and temperament than income!
    For big letter items I also stall and take my time, sometimes it happens that I might not need the item after all! I think also setting up automatic payments help. If you can’t see and hold the money in your hands you aren’t tempted to spend it and this way you can put your savings on auto mode!

    • Automatic investing also works well. I did a payroll deduct straight into a Vanguard fund for a year and amassed over 100K!

  4. My only trick for saving money is to save some amount of money when I get income. After I spent some it’s rather difficult to get forced to save smth.

  5. It’s much harder to quiet the desire to buy new stuff since we bought a new home in march. Thankfully we have friends renting it until November so it has actually helped us evaluate what we really want to spend money on when we move in. As for a saving trick- having multiple accounts with ING let’s us deposit a set amount each month into savings for a second car, emergency fund, vacation fund, etc so we or get we’re even doing it.

  6. In my case, putting off buying things help a lot. Oftentimes, buying things is just like craving certain kind of food, you feel the urge to have it at a certain point in time, but after awhile the craving just goes away and you realized it was worth the wait.

  7. “…at least we had the money put aside and didn’t go into debt for it!” This is exactly the method we use to save for expenditures and it has proven valuable. Before, it always seemed like we were having a “gotcha” month where there was a big bill we had forgotten about in our budget. Now we are ready for them because we plan ahead and have the money saved.

  8. I’m a big fan of setting up a portion of my paycheck to go into savings automatically. If I never see it, I never miss it!

  9. So, do you put things on the credit card instead of spending cash….

    I spend less with cash because it feels more limited than a card.

  10. I am the same with cash so I give myself a weekly cash amount.

    • We actually walk into the bank (and make that personal connection) every couple of weeks and take out a standard amount to last that length of time.

  11. I am forced to save 7% of my paycheck and have it moved into a state retirement fund that I have no control over or access to. The only way that I can gain access to it is by quiting my job and then submitting a request to have it removed. I have no plans on doing that though because it is gaining a minimum of 5% per year in interest.

      • I live in the US but work at a city job where they take the retirement money out of my check without me having a choice in the matter. However, I would get it all back with 5% interest if I quit my job before retirement.

        • Thanks for replying. I wonder if that is really legal, but, it probably really helps some people start saving.

  12. Along the lines of making the money invisible, I am always squirreling excess money away into our taxable investment account as soon as we are paid. (We automatically max our tax-deferred savings.) I make sure to leave enough in our checking account to cover all monthly bills and then some.

  13. The expert will offer you a way out that would help you in getting rid of your debt within short span of time.

    • Experts can help, but you must first commit to saving money! If you are half in half out, you’ll never save a substantial amount of money.

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