This one is great for the hyper-organised among us. Once you’ve tucked into bed each night to do a routine pre-sleep scroll on your phone, ‘zero out’ your transaction account. That means if you’ve got $67 in your transaction account at the end of the day, send $7 over to your savings account, rounding back to the nearest tenth.
If you’ve got a particular saving goal in mind, this can be an effective everyday action to get into – on the surface, $7 doesn’t seem like much, but it’ll hit differently once you start to see your little pile of money grow week on week.
Putting aside small amounts like this could help you see the value of saving in a whole new light as you come to understand how much each dollar adds up – whether you’re saving or spending. This method can also get you in the know about how much money you have each morning, and starting out on a nice round number is an easy way to track spending if maths isn’t your strong suit.