Savings trick!: Why you should always have a 100-euro note with you
It's a clever trick: if you always carry a 100 euro note with you, you can really save money. How the savings trick works.
Do you always spend money so quickly? As soon as your salary is in your account, it's gone again and in the corner of your bedroom there are piles of colorful shopping bags full of chic shoes and new clothes. The 100 Euro trick is supposed to help prevent this phenomenon!
To do this, put a 100-euro note in your wallet (yes, of course, 50 euros will do too!) and start saving! Because as soon as the "big note" accompanies us and catches our eye every time we want to spend money, the concept of " mental accounting " takes effect.
This means that we think very carefully about whether we want to break this large bill or not. Because according to Mary Gresham, a psychologist from Atlanta, we consider such a bill to be "special" money.
If we had five 20-euro notes with us instead of the 100-euro note, we would be much more likely to spend the money because we value money differently. This phenomenon is confirmed by a study by the " Journal of Consumer Research ".
Also helpful: The "Pain of Paying"The effect of "mental accounting" is further reinforced by the "pain of paying" that occurs when we hand the money over the counter. Oh yes, we know that pain!
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By the way, if you pay by card or mobile phone instead, you don't feel this pain - that's why it's so much easier to spend a lot of money.
So, if you're saving up for your next vacation, just leave your card at home more often and put the big cash in your wallet instead - and the money will pile up in your account instead of in other people's accounts.
How do I bring order to my financial chaos?Would you like to exchange ideas with others on the topic of "Job & Money"? Then take a look at our BRIGITTE forum! And do you already know our new podcast " What The Finance? " Editor Anissa meets with women from the finance industry for you and delves deeper into the topic episode by episode.
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