Just because we all know that we should be saving money doesn’t make it any easier to actually do so.

Many experts recommend saving 10%, 20%, or even more of your monthly income.   Yes I know, that amount may seem daunting to a lot of you and it’s perfectly fine to start off at a much smaller amount.   The important thing is getting started.

There’s a popular saying “A dollar a day keeps bankruptcy away” which has more than a little truth to it.  did you know that if you simply save $1 per day over the next 50 years that you would have $18,250 – which might not seem like a lot but is certainly a good start.

That amount has the potential of growing into hundreds of thousands of dollars if wise investment decisions are made with it.

Here’s  some simple, easy, and effective tricks to help you save more money on a daily basis.  Enjoy!

You’ll be surprised by how it adds up.  When you pay with cash and are given a $5 bill as change set it aside!

Whether you place them in a jar or your savings accounts, dedicate at least six months to saving every $5 bill you receive, and you’ll be amazed by just how much you can save.

Force yourself to think it over for at least an hour.  If impulse shopping is an issue for you this will help immensely.

For those of you that are online shoppers, I recommend adding items to your online shopping cart and then walking away from the computer for a minimum of one hour.  When you return, you’ll likely realize that you didn’t need that item at which point it’s a great idea to transfer that money to your savings account.

You can use this strategy for in-person purchases, as well.

Some companies will hike prices based on your cache and search history.

Another online shopping hack is to clear your web browser’s history before buying anything.

Online companies follow your searches based on your cache and history and will raise prices based on this information.  Wow Right? Also, when you make a payment online, use the guest option instead of signing in and up as a new account. New customers tend to get the lowest prices.

By doing this you will save a ton of money.

Eating out can eat up your budget in a way that most of us fail to realize.

“f you’re out of school and are in the workforce, pack your lunch every day.  Doing this can add up to some serious savings. Instead of spending $100 on takeout drop $40 at the grocery store and set yourself up for the week.

Make the most of your credit cards.  You don’t want to abuse your credit cards, but if you’re using them on something you’d already be buying, you can get money back.  Use a credit card that offers rewards like cash back to earn additional cash back on purchases.

Set up automatic transfers to your saving accounts.

The best way to save money is by never making it available to spend in the first place.

Set up automatic transfers from your checking account to your savings account whenever you get paid.  When you don’t see money just sitting around in your checking account, you’re less likely to think of it as money you have available to spend, circumventing yourself in service of your savings.

If you find yourself always carrying around tons of coins, save them instead.  Similar to the $5 bill trick, you can try setting aside all your loose coins. You can quickly accumulate a lot of money simply by doing this.  Try cashing in your change every month or two – you’ll find that it’s usually more than enough to buy two or more weeks of groceries.

In fact four bank might actually do this for you.   Many banks, such as Bank of America, offer ‘keep the change’ programs which round your purchases to the nearest dollar and transfer that change to your savings account.

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