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By Editor Money Management, BanksSeptember 1, 2016

Secrets on Getting Your Bank Account to Grow Without Working Too Hard On It

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There are tricks that you can do to make you grow your bank account balance without too much effort. Here are some easy ways that you can do on your own.

Saving Extra Dollar Weekly

The trick here is that you save some dollars each week for a year. So for the first week, you can put away $1, then a dollar more on the following week. As the weeks go on, you only have to add one dollar more each week until you reach $52 for the last week. Likewise, you can begin by saving up from $52 on the first week, then decrease by $1 on the following week, until you end up saving $1 on the last week.

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Hoarding all the $5

The problem with most people is that they tend to undervalue small bills. The secret is to put aside the $5 bills at the end of each day inside an envelope before you will be tempted to spend it. If you do this, you will end up using your small bills, as you will be left with the larger bills. As a result, you won’t be using them on stuff that may not be so important.

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Paying Yourself After Making A Deal

If you have recently enjoyed a purchase of a dress on sale, then you should be able to know how to reward yourself on a deal made. This can be done by taking advantage of discount of a product from the original price and less its discounted price. For instance, you might have paid for a $100 item, but you were finally given a discount of $20 after a deal was made. The trick is that you will still pull out that same amount from your wallet but keep the $20 as savings as a form of rewarding yourself.

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