How to Trick Yourself into Saving More Money

Do you tend to give in to temptation and indulge yourself too much by spending a lot of money buying things you may or may not necessarily need? You’re not alone. Many of us think we deserve to treat ourselves once in a while. But if it’s becoming too frequent, you might find yourself strapped for cash with not enough saved for a rainy day. The good news is that there are some tips and tricks for saving more money. For instance, you can trade gift cards for cash to make some extra cash for savings.  

Find unused gift cards

Perhaps you have some gift cards that are still unused or partially used? Consider a service that lets you trade gift cards for cash and instantly earn some naira to add to your savings. Make sure you’re using a trustworthy platform with the best rates for most gift cards.

Automate your savings

One of the easiest ways to save without giving it much thought is to make sure that a part of your salary or wages will go straight to your savings plan. Check with your bank if there’s an option to set up timed and automatic transfers to an investment or savings account. This simple trick works because it prioritizes saving up before you end up spending most of your money on other things.

Boost your savings in increments

Try to increase your savings by a percentage every six to 12 months. For instance, if you’re saving up 10 per cent from your paycheck, you could consider increasing it by one to two per cent the following year. Increasing your savings in small increments can help you adapt to more savings down the line.

Save up your bonuses and money gifts

Treat bonuses and monetary gifts as extra money so that every time you get them, you’ll feel more obliged to save them up. If you get a gift card, or an eGift card or certificate, trade gift cards for cash and keep the money in your savings account.