For the past year, saving money has been very important to me.

Last winter, I hit rock bottom and got into a little bit of debt. Since then, I have made significant changes to the way I manage my money. That experience was the driving force behind the change.

My first step was setting up a Barclays Online Savings Account. I highly recommend it to anyone looking to save money. It gives you a 1% APY, which is much higher than normal banks. That means for every $100 I add to the account, Barclays deposits $1 of interest.

Since this is purely an Online Savings Account, it is risk-free. It does have a maximum account balance of $5 million, so if you’ve already made it that big, you will want to consider storing your money somewhere else.

It takes several business days to transfer money in and out of the account. I like this feature because it really makes you consider withdrawing money. There are also no ATMs or branches. As a result, I end up spending less and saving more since I have limited access. I have to plan ahead and decide in advance before I spend any money.

There are no transfer fees, so you are good to go. Just link this account to your normal bank account, and be amazed by all the extra money you will save.

It also makes it extra difficult for fraudulent activity to occur since there is no checking account associated with it.

I have never worked for Barclays. I am sharing my thoughts about effective ways to save money.For the past year, saving money has been very important to me.

Last winter, I hit rock bottom and got into a little bit of debt. Since then, I have made significant changes to the way I manage my money. That experience was the driving force behind the change.

My first step was setting up a Barclays Online Savings Account. I highly recommend it to anyone looking to save money. It gives you a 1% APY, which is much higher than normal banks. That means for every $100 I add to the account, Barclays deposits $1 of interest.

Since this is purely an Online Savings Account, it is risk-free. It does have a maximum account balance of $5 million, so if you’ve already made it that big, you will want to consider storing your money somewhere else.

It takes several business days to transfer money in and out of the account. I like this feature because it really makes you consider withdrawing money. There are also no ATMs or branches. As a result, I end up spending less and saving more since I have limited access. I have to plan ahead and decide in advance before I spend any money.

There are no transfer fees, so you are good to go. Just link this account to your normal bank account, and be amazed by all the extra money you will save.

It also makes it extra difficult for fraudulent activity to occur since there is no checking account associated with it.

I have never worked for Barclays. I am sharing my thoughts about effective ways to save money.



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