Reverse Money Jar Savings

Flip it on its Head!
To begin with, I literally mean, flip the idea on its head.  Instead of starting week 1 off with $1, start the year off with a $52 deposit!  This may seem a little daunting, but big effort yields big results! Imagine the difference seeing $202 in your savings at the end of the month vs. $10!!!  Which amount is going to give you the motivation to keep on going?

Ditch the Jar!
Yes, the idea of using a jar, so you can see the money is great in theory.  For me, this won’t work.  Money in a jar, on my counter, that I see each and every day?  Ya, that’s not going to last.  Just wait until a beautiful, warm summer day and the jingle of the ice cream truck fills my neighbourhood with its delightful indulgences.  My hand’s going right into that jar and not only messing up my savings goals, but blowing my weight loss ones too!  Instead, open a savings account where the money exists as numbers on a screen.  That way, you can watch it grow and not be tempted to dip into it.  Not only does this help avoid your temptations, but also allows you to earn interest on the money you earn AND if you sign up with Tangerine, you’ll get a bonus $25 added to your account when you use orange code: 41341719S1 You can consider the $25 an extra bonus or use it to help ease off your first week’s deposit. 

Of course using your usual bank is fine too, one of the nice things about Tangerine is not only the $25 bonus using orange code: 41341719S1, but also the fact that money doesn’t transfer to your bank account automatically.  This can reduce impulsively dipping into the savings for trivial things.