A thrifty mother has taken the internet by storm after she shared her genius trick for boosting her bank account by an impressive $1,125.
The Australian woman shared her idea on Facebook, where she said 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,’ the woman called Courtney posted.
‘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.’
Once she had the cash back, Courtney said she would return home and straight away she would put the notes and coins inside her money saving tin.
‘I just opened it and I now have $1,125 for Christmas!’ she wrote.
Hundreds who saw the tip online were impressed with it and said they might try it for themselves in the run-up to Christmas 2021.
‘I’m going to do this for a few things,’ one woman posted.
‘Not only Christmas, but the car rego, insurance and service for the car.’
Others said it was a ‘brilliant’ idea that takes all of the stress out of Christmas shopping.
‘I have $200 every fortnight that comes out of my pay and goes into another account,’ one woman added.
‘By Christmas, I have around $5,000 which pays for both Christmas and the kids’ school fees.’
This isn’t the first money-saving trick to go viral.
Earlier this month, a woman called Becky Turoczi, explained on TikTok how you can follow her simple cash-saving trick for amassing $5,000.
‘Here’s to saving,’ Becky captioned a video of herself placing a $50 note inside her ‘money challenge’ jar.
To try the challenge for yourself, simply invest in a jar for coins, a board marker, a piece of A4 paper and a packet of star labels from Officeworks.
Next, write down the numbers one to 100 on the piece of paper and attach it to your jar with sellotape.
Then, Becky said you simply need to choose one of the numbers on the sheet and put in the respective amount of dollars.
Mark off the number you have added to the jar with a star once you have done it.
You can choose your number and make your cash deposit as frequent as you’d like, but Becky recommends every week if you want to be consistent and save money fast.
By the time you’ve reached the last number, you should have an extra $5,050 in your bank account.
Another trick for saving $5,000 in less than half a year also took the internet by storm after it was shared in a budgeting group on social media.
Dubbed the ‘Envelope Challenge’, it requires a box of 100 paper envelopes, each labelled with sums from $1 to $100.
Twice a week for 25 consecutive weeks, two envelopes should be drawn at random and the corresponding amount slipped inside – so if you pull envelope number 59, $59 must be deposited and so on.
By the end of the 25th week, there will be $5,050 in the envelopes – provided you have enough disposable cash to part with in the first place.