Could a simple tin be the trick for saving up cash for Christmas? (Picture: Facebook)
A mum has shared the simple trick she used to save up over £1,000 in time for Christmas.
Courtney, from Australia, shared her idea on Facebook, saying all you need is a money tin to get started.
‘So I am definitely not a saver, but I made it my New Year’s resolution to save for Christmas this year,’ she wrote.
‘The first week of the year, I went and bought a money tin that I couldn’t open, and each week when I did my grocery shopping, I asked for $25 cash out, because I thought I wouldn’t notice an extra $25 on top of our groceries.’
Courtney then put that cash inside her money saving tin each week, and left it untouched until she needed to do her Christmas shopping – by which point she had saved up $1,125.
It’s a simple idea, but an effective one.
You can choose any amount that works for you, whether that’s £20 or a fiver, but getting that amount as cash can be an easy way to properly section off that budget so it doesn’t get spent.
Plus, attaching saving to another routine – like doing the weekly food shop – helps it become a habit.
Obviously, as with all saving challenges and tricks, the hack doesn’t magic money out of thin air and yes, before you rush to the comments, we’re aware that you would need to have a spare bit of money each week for it to work.
But for those who find themselves frittering away money and coming up short at Christmas, this is an easy way to get started with saving and stay on track. It’s far easier to forget about money when it’s locked away in a tin.
The tip has been a hit online, with hundreds saying they’re keen to give it a go.
‘I’m going to do this for a few things,’ one person commented.
‘Not only Christmas, but the car rego, insurance and service for the car.’
If you want more tips and tricks on saving money, as well as chat about cash and alerts on deals and discounts, join our Facebook Group, Money Pot.
Do you have a story to share?
Get in touch by emailing MetroLifestyleTeam@Metro.co.uk.