How to make extra money with your check book.

United States
January 12, 2007 6:40pm CST
I learned this trick from my mother and have been doing it since I opened my first checking account when I was 15. Make a deposit for whatever amount of money you can afford. I usually try to find an extra $100, make sure it is an even and easy amount to remember. Take the money to the bank and deposit it, but don't write it down in your register. You now have an extra $100 in the bank that you will soon forget about. When you balance your check book at the end of the month you will notice that you have some extra money, as long as it is the amount that you deposited your ok, if it is more or less then you better recalculate. Do this a couple of times a year and by December you will have extra money to spend on christmas presents! I use mine to make extra car payments but you can use it to make extra house payments too. It is also helpful for people who find themselves forgetting to set money aside for things like taxes and insurance.
1 person likes this
6 responses
@rein2410 (809)
• Australia
13 Jan 07
oh..What I do to get extra money is that I open 2 accounts. And the money is actually automatically transfer from one account to another in every weeks (you can set it 1 week or anything) then, in one year, you would have hidden money in ur other account.
1 person likes this
@gonzalu (216)
• Portugal
13 Jan 07
I didn't understand... How exactly does that works? These schemes are just great! :)
@rein2410 (809)
• Australia
13 Jan 07
well. the first saving account is for daily use and the other one is for saving money. So every 2 weeks, my first saving account will automatically transfer money to the other account, say $20, but I never checked the other account. So imagine.. in 1 month u have saved $40.. in a year that woyld be $480
@datiger (102)
• Estonia
13 Jan 07
Great idea... Even better would be putting the savings account into some fond so it would earn you money too. Because inflation eats it anyway. And I also recommend investing some time in agloco. Half of the money company makes will be given regular users. And half will be divided between those who refer other people. Learn more at my blog: http://ag-loco.blogspot.com/
• Canada
13 Jan 07
I pay for everything with a bill and dump all my change into a large pickle jar each night. Just before Christmas, I take the jar to the machine at the store and pour it in. I've had over $1000 for the past few years. Mind you, being Canadian, our lowest paper money is a $5.00 bill.
1 person likes this
• Philippines
13 Jan 07
That's a clever way of saving money. I actually use the boring coventional method of depositing my money in the bank
@totalguy (563)
13 Jan 07
good discussion i understand where your coming from i do something similar but not with a bank account, we pay certain bills weeky using a payment card and we usually pay more than the amount we are supposed to pay for example it may be we have to pay for instance £7 a week we will pay £10 a week and end of the year when we get out yearly statement we have credit so we then telephone them and ask for a cheque to be sent out. its nice to accumilate lump sums here and there so you can pay something off with it or stick it in a bank then for a rainy day.
1 person likes this
• United States
13 Jan 07
a little wierd but sounds like a good way to save
• United States
13 Jan 07
That's certainly something I've never thought about before.
@venshida (4837)
• United States
13 Jan 07
It sounds like a good idea. I don't think I would forget about it, and might use it no will power.