Top Up Savings Accounts
August 30th, 2008Banks are now offering some innovative ways to top up your spending so that you can save money without trying. If you spend $59.02 in groceries, the bank could top it up by $1 and add that .98 into a separate account. This might not seem like a lot of money but if you do a lot of transactions on a monthly basis, it could add up fairly quickly.
If you budget for $100 for groceries and only spend $92, save that $8 and either put it into your savings or your emergency fund. If you make it a challenge, you could find yourself with a quickly building savings account. This is a great way to get something you want. You could make a goal of saving enough on grocery shopping alone to buy something new or have a night out.
Top up savings accounts are a great idea though, because they help you save money without even trying.
