Comments on: Save Money by Rounding Up to the Next Dollar http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/ Tips and tools to save time and money. Thu, 20 Nov 2008 09:56:22 +0000 http://wordpress.org/?v=2.5.1 By: JDuncan http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-13754 JDuncan Mon, 18 Feb 2008 20:42:14 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-13754 Would you all be compelled to round up and give that 'extra' to a non-profit organization for a good cause? Would you all be compelled to round up and give that ‘extra’ to a non-profit organization for a good cause?

]]> By: Domainator http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-9777 Domainator Sun, 09 Sep 2007 18:59:02 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-9777 How did you find that great wife? My wife would like to spend money. How did you find that great wife? My wife would like to spend money.

]]> By: DooDah http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-8505 DooDah Wed, 11 Jul 2007 22:47:49 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-8505 I will add my 2 cents to the topic.. To those who say it isn't saving because it's your money. That is the defination of saving isn't it? It's simply a tip to trick you into saving. I plan on implementing this immediately. Instead of putting away $100 a month into a savings account, you cut it up into smaller pieces and it happens automatically. You save your $100 in 200 - Fifty Cent transactions. This would work for a lot of younger people who aren't as strict in transferring their one lump sum of money every month, or who don't have a high yeild savings account to transfer money to. Better yet, transfer your "change" savings into one of the said high yeild ING accounts. Earning is when you accumulate money that wasn't yours, saving is when you accumulate your own money. Simply put, anyway. I will add my 2 cents to the topic..

To those who say it isn’t saving because it’s your money. That is the defination of saving isn’t it? It’s simply a tip to trick you into saving. I plan on implementing this immediately.

Instead of putting away $100 a month into a savings account, you cut it up into smaller pieces and it happens automatically. You save your $100 in 200 - Fifty Cent transactions.

This would work for a lot of younger people who aren’t as strict in transferring their one lump sum of money every month, or who don’t have a high yeild savings account to transfer money to. Better yet, transfer your “change” savings into one of the said high yeild ING accounts.

Earning is when you accumulate money that wasn’t yours, saving is when you accumulate your own money. Simply put, anyway.

]]> By: Stephanie http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-7788 Stephanie Sun, 17 Jun 2007 05:09:55 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-7788 I do this in my own checkbook, but I also keep track of the roundoff underneath the other total in Parentheses so I have an easier time balancing my checkbook. I guess this is only recommended for people who can keep their hands off the extra cash. I do this in my own checkbook, but I also keep track of the roundoff underneath the other total in Parentheses so I have an easier time balancing my checkbook. I guess this is only recommended for people who can keep their hands off the extra cash.

]]> By: Jude http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-858 Jude Fri, 23 Mar 2007 12:27:59 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-858 You're not saving money. You're just not accounting for it correctly. You’re not saving money. You’re just not accounting for it correctly.

]]> By: zen habits » Blog Archive » Nifty links for Feb. 8, 2007 http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-425 zen habits » Blog Archive » Nifty links for Feb. 8, 2007 Fri, 16 Mar 2007 06:22:41 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-425 [...] Hacks: Save Money by Rounding Up to the Next Dollar. J.D.’s wife has saved $500 over the last 2 1/2 years with a simple little [...] [...] Hacks: Save Money by Rounding Up to the Next Dollar. J.D.’s wife has saved $500 over the last 2 1/2 years with a simple little [...]

]]> By: Use Your Grocery Receipt as a Cue to Save ∞ Get Rich Slowly http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-416 Use Your Grocery Receipt as a Cue to Save ∞ Get Rich Slowly Mon, 12 Mar 2007 20:27:10 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-416 [...] is a variation on the wife’s favorite money hack, rounding up to the next dollar. That earlier tip didn’t sit well with some readers who thought she was just deceiving [...] [...] is a variation on the wife’s favorite money hack, rounding up to the next dollar. That earlier tip didn’t sit well with some readers who thought she was just deceiving [...]

]]> By: Thales http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-306 Thales Fri, 02 Mar 2007 02:21:44 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-306 How in the world can you "save" money that you never had in the first place? How in the world can you “save” money that you never had in the first place?

]]> By: Mark http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-252 Mark Wed, 21 Feb 2007 14:10:27 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-252 Twiddly-Doo - the "check book" being talked about here is not the same as a "cheque book" for payments. It's a way of keeping track of your account. You're not spending more: just recording more than you actually spent, then being magically surprised how much this error has added up to over time. It's like a cumulative version of setting your watch five minutes fast to avoid being late. Twiddly-Doo - the “check book” being talked about here is not the same as a “cheque book” for payments. It’s a way of keeping track of your account. You’re not spending more: just recording more than you actually spent, then being magically surprised how much this error has added up to over time.

It’s like a cumulative version of setting your watch five minutes fast to avoid being late.

]]> By: alex chiang: web 6.0 » “saving” money through bad accounting http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-251 alex chiang: web 6.0 » “saving” money through bad accounting Wed, 21 Feb 2007 08:43:22 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-251 [...] The latest piece of digg-fodder was one of those “N tips on saving money”. Usually, those lists are pretty dumb (aka use your common sense), but I am oddly drawn to them, like the el cheapo Asian moth that I am. Today, one of those lists linked to this blog post about saving money by rounding up. [...] [...] The latest piece of digg-fodder was one of those “N tips on saving money”. Usually, those lists are pretty dumb (aka use your common sense), but I am oddly drawn to them, like the el cheapo Asian moth that I am. Today, one of those lists linked to this blog post about saving money by rounding up. [...]

]]> By: Twiddly-Doo http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-250 Twiddly-Doo Wed, 21 Feb 2007 07:08:28 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-250 Not being from the US, can anybody explain to me why you would save money by spending more? Do you pay a small fee for checks that aren't rounded? Not being from the US, can anybody explain to me why you would save money by spending more? Do you pay a small fee for checks that aren’t rounded?

]]> By: Moneychump » 52 money hacks - one for each week! http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-244 Moneychump » 52 money hacks - one for each week! Tue, 20 Feb 2007 11:46:46 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-244 [...] just don’t pay attention to the amounts of the checks, just the cancelled checks themselves. One persistent hack after 1000 transactions, has run up more than $500 in free money. [...] [...] just don’t pay attention to the amounts of the checks, just the cancelled checks themselves. One persistent hack after 1000 transactions, has run up more than $500 in free money. [...]

]]> By: gamehack http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-155 gamehack Wed, 14 Feb 2007 07:50:15 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-155 This is the same as the "Save the Change" [1] program initiated by Lloyds TSB here in the UK. [1] http://www.lloydstsb.com/savethechange.asp This is the same as the “Save the Change” [1] program initiated by Lloyds TSB here in the UK.

[1] http://www.lloydstsb.com/savethechange.asp

]]> By: randy http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-148 randy Wed, 14 Feb 2007 03:21:48 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-148 My wife and I have been doing that for about 5 years now, and indeed, it's nice to have the buffer. The only downside is *knowing* you have the buffer. My wife and I have been doing that for about 5 years now, and indeed, it’s nice to have the buffer. The only downside is *knowing* you have the buffer.

]]> By: casey http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-146 casey Wed, 14 Feb 2007 02:21:21 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-146 B of A has an automatic program of this rounding up idea... EXACTLY. and, the bank even matches a portion of what you save..... THEY give you some bucks for doing it. look into Bank of America. B of A has an automatic program of this rounding up idea… EXACTLY. and, the bank even matches a portion of what you save….. THEY give you some bucks for doing it.

look into Bank of America.

]]> By: links for 2007-02-10 » Bill2me.com http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-120 links for 2007-02-10 » Bill2me.com Sat, 10 Feb 2007 15:24:43 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-120 [...] Money Hacks | Save Money by Rounding to the Nearest Dollar For awhile now Bank of America has been advertising a program in which they round every transaction to the next dollar and deposit the difference into a savings account. What basically happens is that a purchase of $34.70 leads to a $.30 deposit towards (tags: Lifehacks) [...] [...] Money Hacks | Save Money by Rounding to the Nearest Dollar For awhile now Bank of America has been advertising a program in which they round every transaction to the next dollar and deposit the difference into a savings account. What basically happens is that a purchase of $34.70 leads to a $.30 deposit towards (tags: Lifehacks) [...]

]]> By: Poorer Than You http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-119 Poorer Than You Fri, 09 Feb 2007 21:44:28 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-119 Haha, I came to say "BoA's Keep the Change" as well. It's nice in that the money doesn't sit in your checking account, but instead moves to your savings, and especially because of the match that BoA gives. Of course, I haven't actually signed up for this yet, since I don't have enough of a buffer in my checking account to do the automatic $25 transfer each month to keep the account free... but it's on my list =) Haha, I came to say “BoA’s Keep the Change” as well. It’s nice in that the money doesn’t sit in your checking account, but instead moves to your savings, and especially because of the match that BoA gives.

Of course, I haven’t actually signed up for this yet, since I don’t have enough of a buffer in my checking account to do the automatic $25 transfer each month to keep the account free… but it’s on my list =)

]]> By: Jennifer http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-118 Jennifer Fri, 09 Feb 2007 17:07:53 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-118 Or you could sign up for Bank of America's Keep the Change program: http://www.bankofamerica.com/promos/jump/ktc/ Or you could sign up for Bank of America’s Keep the Change program:

http://www.bankofamerica.com/promos/jump/ktc/

]]> By: Danielle http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-117 Danielle Fri, 09 Feb 2007 16:38:25 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-117 I belong to Bank of America's Keep the Change program, which basically does that for you by automatically moving the change to your savings account. The added benefit is that BOA matches some of the saved funds. I belong to Bank of America’s Keep the Change program, which basically does that for you by automatically moving the change to your savings account. The added benefit is that BOA matches some of the saved funds.

]]> By: Andrea >> Become a Consultant Blog http://www.moneyhacks.org/2007/02/08/save-money-by-rounding-to-the-nearest-dollar/#comment-115 Andrea >> Become a Consultant Blog Fri, 09 Feb 2007 06:34:15 +0000 http://www.moneyhacks.org/2007/02/09/save-money-by-rounding-to-the-nearest-dollar/#comment-115 I just keep $2k in my account at all times. It's enough to ensure free banking and it gives me a nice buffer, as well as emergency funds to pay off my credit card in an emergency. I just keep $2k in my account at all times. It’s enough to ensure free banking and it gives me a nice buffer, as well as emergency funds to pay off my credit card in an emergency.

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