This easy money hack could help you save £1500 a year - YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Sign in Welcome!Log into your account Forgot your password? Password recovery Recover your password Search Sign in Welcome! Log into your account Forgot your password? Get help Password recovery Recover your password A password will be e-mailed to you. YOU Magazine Fashion Beauty Celebrity Health Life Relationships Horoscopes Food Interiors Travel Home Life This easy money hack could help you save £1500 a year By You Magazine - May 10, 2019 We know that saving money is hard – especially if you don’t have much of it to begin with. And while there are plenty of ways to cut back on your spending to prepare yourself for a rainy day, it always seems to be a lot easier said than done. That is, until we discovered this latest money saving hack. Getty Images Popular American website Apartment Therapy has introduced a money-saving method they describe as ‘pain-free’ and it might just be the easiest, and perhaps most realistically doable one we’ve heard thus far. The 365-day money challenge will allow you to save up to an extra £1500 per year by following a simple pattern. All you have to do is start your week on a Sunday by putting aside £1 and then gradually increasing the amount as the week commences. So, you start with £1, then on the Monday you put aside another £2, then £3 on the Tuesday, £4 on the Wednesday and continue to add an extra pound each day, setting aside £7 on the last day, Saturday. Then you continue the cycle again the following week and so on and so forth. Getty Images By doing this you end up saving £28 a week, which ends up being £112 a month, which eventually becomes £1,456 when the year is over, meaning you’ll have a nice little sum for your savings account. And hopefully, without noticing the impact of the loss of the change you’re putting away too much. There are number of ways in which you can set the money aside. Do it the good old-fashioned way by putting the money in a jar and keeping it somewhere safe (and preferably out of your sight so that you don’t find yourself dipping into it when unexpectedly expensive days crop up). Or if like many of us nowadays, you don’t tend to carry cash then then why not try a money saving app? From Monzo to Plum, the options are endless, and could make a major difference to your usual spending habits. RELATED ARTICLESMORE FROM AUTHOR Everything we know about The Crown season 5 Aldi s exercise equipment is on sale with up to 50% off The best Halloween events for 2022 across the UK Popular in Life The You magazine team reveal their New Year s resolutions December 31, 2021 Susannah Taylor The TLC tools your body will love January 23, 2022 How to stop living in fear February 6, 2022 Susannah Taylor My pick of the fittest leggings February 27, 2022 Women’ s Prize for Fiction 2022 winner announced June 17, 2022 These BBC dramas are returning for a second series June 30, 2022 Susannah Taylor gives the lowdown on nature s little helper – CBD April 17, 2022 The baby names that are banned across the world April 27, 2022 The Queen has released her own emojis May 26, 2022 Sally Brompton horoscopes 27th June-3rd July 2022 June 26, 2022 Popular CategoriesFood2704Life2496Fashion2240Beauty1738Celebrity1261Interiors684 Sign up for YOUMail Thanks for subscribing Please check your email to confirm (If you don't see the email, check the spam box) Fashion Beauty Celebrity Life Food Privacy & Cookies T&C Copyright 2022 - YOU Magazine. All Rights Reserved