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Mum’s genius money trick is praised by hundreds – and all you need is one affordable buy

How to save a small fortune each year: Mum’s genius money trick is praised by savvy savers – and all you need is one affordable buy

  • Hundreds of parents have praised a mum’s clever money-saving trick 
  • Leeann revealed she uses an organiser to store cash in separate envelopes 
  • Each envelope is dedicated to a different expense – such as groceries or petrol 
  • The tactic aims to help save money and avoid making unnecessary purchases  

A mum-of-three has impressed hundreds of other parents online with her clever budgeting and money-saving trick.

Sharing images to a popular Facebook group, Leeann revealed she uses an organiser to store cash in envelopes dedicated to different expenses – such as groceries and petrol.

‘I saw this on Etsy and I love the idea of it, has anyone here used this system of having different envelopes and putting cash away?’ she captioned the post.

‘Would love to hear your opinions on if you think it would be beneficial. I have separate accounts but I hate seeing available funds in there because to be honest it’s just so tempting and easy to ‘pay it back later’.’

Leeann revealed she uses an organiser to store cash in envelopes dedicated to different expenses. The image shared depicts the inside of the black Etsy folder with $10 notes in each of the envelope pockets

The image shared depicts the inside of the black Etsy folder with $10 notes in each of the envelope pockets.

The tip is designed to ensure you budget correctly according to what you can afford and avoid spending money on unnecessary items.

While Leeann bought the affordable product from Etsy, similar designs and envelopes can also be purchased from Amazon, Officeworks and Kmart.

The tip is designed to ensure you budget correctly according to what you can afford and avoid spending money on unnecessary items

The tip is designed to ensure you budget correctly according to what you can afford and avoid spending money on unnecessary items

While Leeann bought the product from Etsy, similar designs and envelopes can also be purchased from Amazon, Officeworks and Kmart

A $2 expanding file holder with seven pockets is available from Kmart

While Leeann bought the product from Etsy, similar designs and envelopes can also be purchased from Amazon, Officeworks and Kmart

Other parents part of the Facebook community, which has more than 189,000 members, dubbed the idea as ‘clever’.

‘I do this. Hubby gets paid monthly so every month pull out of the bank our spending money (food, fuel, spendings, birthdays,) and budget them out for the month. It helps me so much to budget our money,’ one woman said.

‘I have different colours for different things but that folder is cool,’ another said.

A third admitted: ‘I never carry cash these days but I like the idea.’

Last year another mum revealed her money-saving trick. This sheet of paper with the numbers one to 100 can help you to save $5,050 in the space of the year - if you deposit the corresponding sum of each figure in savings once a week

Last year another mum revealed her money-saving trick. This sheet of paper with the numbers one to 100 can help you to save $5,050 in the space of the year – if you deposit the corresponding sum of each figure in savings once a week

Last year another mum revealed her simple trick to save more than $5,000 by the end of 2021.

In a post uploaded anonymously to the Australian Facebook group Simple Savers, the mum said she writes the numbers one to 100 on a large sheet of paper.

Once a week, she deposits the corresponding amount of one figure in her savings account – $1 for 1, $2 for 2 and so on – crossing each number out as she goes.

By the end of the 52nd week – the end of the year – she will have saved $5,050.

‘My biggest tip is, don’t be too hard on yourself. Sometimes life gets in the way and if that week or fortnight you can’t contribute – it’s okay, you’ll make it up another time,’ the mum wrote in the caption.

She said she plans to use the nest egg to pay off a loan before starting again to fund a family holiday.

Read more at DailyMail.co.uk