How To Save Over $12,000 Even If You Spend Impulsively!
Last Updated on 06/02/2025 by Nicky
Quick Money Saving Trick
In today’s post, I’m going to share a quick money-saving tip that anyone can follow to start building wealth and moving towards financial freedom.
Is anybody else as slow as I am?
Come on raise your hands…
See I couldn’t figure out something.
Why am I not saving money like I used to?
I just didn’t feel like I was really cracking the whip on my money.
I want to be the boss of my money like a good Financial Peace University graduate should be.
So in this Quick Tip blog post (and by quick, I mean one that doesn’t require my usual 2,000 words), I’m going to show you what I’m going to start doing to save more money.
This post contains affiliate links to products that will help you on your life journey. I get a commission if you buy from these links but I only recommend products that I have confidence in or use.
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* My Impulsive Spending Wake-Up Call! *
I added up all of my purchases and expenses for January while I was at work (I was on my break, so don’t judge).
Then I added up all of my income for the month of January.
The disparity in my spending and my income was more than a little slight. I spent about $600 more than I actually made last month.
Can I get a Yikes!
Not good. The devastation was real when I discovered this. I thought I was living within my means but naw… I wasn’t.
So now this is what I’ve done and what I will do. I hope these tips will help you.
* What I Do Now To Have Over $12,000 In My Savings! *
1) I got a paycheck today. Before my paycheck was deposited, I had $115 in my main checking account.
I have now transferred that $115 to another bank account that is a lot harder to access.
Money that is harder to access is a lot less likely to be spent. So now this account that I haven’t made a deposit to in months is now $115 richer.
If I had that much leftover every time I got paid (I get paid twice a month), that’s $2,300 a year.
That’s thousands of dollars saved per year!
Action Step: Look at how much money you have left in your account before you get your next paycheck.
Transfer that money to another bank account that is harder to withdraw money from than your main checking account.
If you don’t have more than one checking account, I would highly recommend you get one, specifically a high-yield account like Ally Bank or a money market account.
2) I also automatically transfer over $100 to my high-yield savings account every week.
Having money automatically debited from your main account to another account that you don’t touch is one of the fastest ways to really build wealth.
It’s possible that your standard bank account can be set up to automatically transfer your money at a certain time every week or month.
I personally like using apps like Qapital and Betterment. (Updated: I actually use Ally Bank for this now, but the concept is still the same. And Ally is the bank I used to save over $12,000, even on a low income.)
With Qapital, you can create different financial goals or rules, as they call it.
* 4 Different Goals/Rules You Can Set To Save Money With Qapital *
1. There’s the set & forget rule where you determine a certain amount to be taken from a bank account every day, week or month and deposited into the Qapital account.
2. The Payday rule, which is one I use, is where you can have a certain percentage of your paycheck deposited into your Qapital account automatically.
3. For all of us entrepreneurs, and this is a cool rule that they might be interested in: The Freelancer rule automatically sets aside 30% every time you get paid, so you can pay your taxes.
4. Then you can also customize your own rules that fit your life specifically.
When you save money like this, before you know it, you could have hundreds or thousands of dollars in your account, just hanging out.
That’s what happened to me. You don’t even feel it coming out.
* You Can Have Thousands Of Dollars In The Bank If You Save Automatically *
If saving money is one of your weak spots, then you definitely want to give automatic savings a try. Like I mentioned above, Qapital is one of the most effective ways to save money…and did I mention it was free?
You just create a rule, and you’re saving money without even realizing it. Just think of how you’ll feel when you see $500, $1000, or even more sitting in your Qapital account.
It’ll be there waiting for you whenever an emergency comes up. Or you can choose to save up for a specific item or event like vacations. Qapital is truly flexible and one of my favorite apps for saving money.
Please check out Qapital here!
Okay, guys, that’s all for now. I encourage you to start your wealth-building journey, whether it’s with Ally Bank, Qapital, or any other high-yield savings account. You won’t regret it, but you will regret NOT doing it!
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