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
Julian Meehan

Young leaders from around the world are gathering at the United Nations Headquarters in New York Saturday to address arguably the most urgent issue of our time. The Youth Climate Summit comes on the heels of an international strike spearheaded by Greta Thunberg, the 16-year-old climate activist from Sweden, who arrived in New York via emissions-free sailboat earlier this month.

Translated from Swedish, "berg" means "mountain," so it may feel fated that a young woman with Viking blood in her veins and summit in her name would be at the helm. But let's go out on a limb and presume Thunberg, in keeping with most activists, would chafe at the notion of pre-ordained "destiny," and rightly so. Destiny is passive — it happens to you. It's also egomaniacal. Change, on the other hand, is active; you have to fight. And it is humble. "We need to get angry and understand what is at stake," Thunberg declared. "And then we need to transform that anger into action."

This new generation of activists' most pernicious enemy is denial. The people in charge — complacent politicians and corporation heads who grossly benefit from maintaining the status quo — are buffered from real-life consequences of climate change. But millions of people don't share that privilege. For them, climate change isn't an abstract concept, but a daily state of emergency, whether it comes in the form of "prolonged drought in sub-Saharan Africa…devastating tropical storms sweeping across Southeast Asia, the Caribbean and the Pacific…[or] heatwaves and wildfires," as Amnesty International reportsare all too real problems people are facing on a regular basis.

RELATED: Greta Thunberg urges people to turn to nature to combat climate change

Keep Reading Show less
The Planet

Millions of people in over 150 countries across the globe marched for lawmakers and corporations to take action to help stop climate change on Friday, September 20.

The Climate Strikes were organized by children around the world as an extension of the of the "Fridays for Future" campaign. Students have been walking out of classrooms on Fridays to speak out about political inaction surrounding the climate crisis.

"We need to act right now to stop burning fossil fuels and ensure a rapid energy revolution with equity, reparations and climate justice at its heart," organizers say.

There's no doubt the visual images from the marches send a powerful message to those on the ground but especially those watching from around the world. GOOD's own Gabriel Reilich was on the scene for the largest of the Climate Strikes. Here are 18 of the best signs from the Climate Strike march in New York City.

Keep Reading Show less

September 20th marks the beginning of a pivotal push for the future of our planet. The Global Climate Strike will set the stage for the United Nations Climate Action Summit, where more than 60 nations are expected to build upon their commitment to 2015's Paris Agreement for combating climate change.

Millions of people are expected to take part in an estimated 4,000 events across 130 countries.

Keep Reading Show less
The Planet
via Apple

When the iPhone 11 debuted on September 10, it was met with less enthusiasm than the usual iPhone release. A lot of techies are holding off purchasing the latest gadget until Apple releases a phone with 5G technology.

Major US phone carriers have yet to build out the infrastructure necessary to provide a consistent 5G experience, so Apple didn't feel it necessary to integrate the technology into its latest iPhone.

A dramatic new feature on the iPhone 11 Pro is its three camera lenses. The three lenses give users the the original wide, plus ultrawide and telephoto options.

Keep Reading Show less
Health
via I love butter / Flickr

We often dismiss our dreams as nonsensical dispatches from the mind while we're deep asleep. But recent research proves that our dreams can definitely affect our waking lives.

People often dream about their significant others and studies show it actually affects how we behave towads them the next day.

"A lot of people don't pay attention to their dreams and are unaware of the impact they have on their state of mind," said Dylan Selterman, psychology lecturer at the University of Maryland, says according to The Huffington Post. "Now we have evidence that there is this association."

Keep Reading Show less
Health