For example: your checking account entry might look like this:
But you actually enter $17.00 or $20.00, which would make your hidden savings .48 cents or $3.48.
You get the idea, just "hide" a bit with each and every checking/debit account transaction. You can also enter the correct amount in the description area and have a running balance *the real one* so you know it, like you normally would. Just an idea you can use to save a little money, it adds up! I can do a diagram if need be.
Source: My sister told me about it and I adapted it for myself.
By Elizabeth from Los Banos, CA
By
04/10/2011
We rounded up when trying to track all of our spending of cash, bills, etc. We used an extra calendar (a free giveaway, of course) at the end of each day to write down all money we spent and found it was much easier to just round it up than to remember to the penny.
By
04/10/2011
My aunt, who worked in a bank, told me she always rounded up her check amounts when she recorded them. It made balancing the checkbook simpler.
By
04/09/2011
That would drive me crazy and would be too confusing. I set up an automatic savings into my ING account... no amount is too small. When I have a little extra left and am getting paid again, I put the extra into ING and it adds up fast, as well.
By
04/09/2011
I've been doing this for a long time and it works out great! Once I have a sizeable amount I transfer it to my savings account, it's like saving painlessly.
Below you can read previous posts and comments about this topic. The discussions on this page have been archived 2 times. Select a discussion and read the feedback here.
(Archived Apr 08, 2011)Save Money Rounding Checkbook Figures
In my check book register, I write who I am writing the check to. In the next column, I write the exact amount the check is for and in the final column, I round that amount up to the next dollar. ( Ex. $4.18 =$5)
At the end of the year I have stashed away over $300 and I always have a cushion so that I don't bounce a check, if I've shopped a little too hard. Try it, you will be so surprised how fast it all adds up.
By Karen S. from Springfield, MO
Feedback:
By GRAMAS12
(Archived Feb 19, 2010)Save Money Rounding Checkbook Figures
By Laura from Spartanburg, S.C.
Feedback:
These days $800 may not sound like much, but back in the early 1980's (when this happened) I thought I'd hit the jackpot and it was enough to get me caught up on my bills and repair my car... This is an easy and non-painful way to save up money! (12/05/2008)
By Cyinda
By Mary Anne
By Sharon
By c t
By knitter926
By moravice
By TXBetty
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