GOOD

4 Ways To Save Money—Without Ever Noticing It’s Gone

Hide your cash and find yourself rich

Where does all our money go? It’s a constant mystery for many of us who, no matter how much we’re earning at a given time, manage to put our money everywhere but a secure savings account. But some of the best solutions involve a disappearing act—all it takes is some planning and paperwork.

Hold It Hostage and Avoid Human Contact

Having your primary checking and savings accounts at the same bank, linked one on top of the other in your online interface, is what leads many down the path of temptation. If you see it, you’ll want to spend it. Open a savings account at a different bank, but don’t set up online banking. Cut your card up as soon as it arrives—or ask them not to send you one at all. Set up an automatic recurring payment to the marooned account. The inconvenience of having to drag yourself to a physical bank and speak with a teller IRL will deter you from withdrawals. Think of it like a banking Bermuda Triangle: Plenty goes in, none comes out. (Until you want it to, that is.)


Make Uncle Sam the Safeguard

On your W-4 tax form at work, indicate a reasonable, but ambitious, amount you want withheld from each paycheck. The government will hold onto it for you until tax season when you’ll see those deferments resurface as a rebate. When you do your taxes, have that refund direct deposited straight to the Bermuda Triangle account.

Trap Your Cash. Don’t Settle for Peanuts.

Putting your money into a certificate of deposit, or CD, is a solid option if you have enough to meet the minimum requirements. But opt for a credit union over a big bank, as the larger institutions have abysmal rates in comparison. Your money gets locked away for a fixed term—anywhere from one month to five years—and accrues greater rates of return than the crumbs you’ll earn from a regular savings account. Also, you can’t withdraw from a CD before it reaches maturity without incurring fees. Think of it like the marshmallow test of financial responsibility: You delay the gratification of spending your savings but end up with more money because you waited. When the CD does come to term, reinvest it in another one or shuttle it off to the Bermuda Triangle.

Prepay Your Way Through Your Life

Instead of relying on your debit card for most of your spending, figure out your budget for the month and load it onto a prepaid MasterCard or Visa gift card. Then leave your debit card at home. This will train you to spend within your means, especially if you start to think of your debit card as the “in case of emergency, break glass” option. Whatever is in your debit account at the end of the month goes—you guessed it—directly to the Bermuda Triangle.

Articles

Some beauty pageants, like the Miss America competition, have done away with the swimsuit portions of the competitions, thus dipping their toes in the 21st century. Other aspects of beauty pageants remain stuck in the 1950s, and we're not even talking about the whole "judging women mostly on their looks" thing. One beauty pageant winner was disqualified for being a mom, as if you can't be beautiful after you've had a kid. Now she's trying to get the Miss World competition to update their rules.

Veronika Didusenko won the Miss Ukraine pageant in 2018. After four days, she was disqualified because pageant officials found out she was a mom to 5-year-old son Alex, and had been married. Didusenko said she had been aware of Miss World's rule barring mother from competing, but was encouraged to compete anyways by pageant organizers.

Keep Reading Show less

One mystery in our universe is a step closer to being solved. NASA's Parker Solar Probe launched last year to help scientists understand the sun. Now, it has returned its first findings. Four papers were published in the journal Nature detailing the findings of Parker's first two flybys. It's one small step for a solar probe, one giant leap for mankind.



It is astounding that we've advanced to the point where we've managed to build a probe capable of flying within 15 million miles from the surface of the sun, but here we are. Parker can withstand temperatures of up to 2,500 degrees Fahrenheit and travels at 430,000 miles per hour. It's the fastest human-made vehicle, and no other human-made object has been so close to the sun.

Keep Reading Show less
via Sportstreambest / Flickr

Since the mid '90s the phrase "God Forgives, Brothers Don't" has been part of the U.S. Military Academy at West Point's football team's lexicon.

Over the past few years, the team has taken the field flying a black skull-and-crossbones flag with an acronym for the phrase, "GFBD" on the skull's upper lip. Supporters of the team also use it on social media as #GFBD.

Keep Reading Show less
Culture