This is how the “five euro trick” works
How the trick works is basically explained quickly and easily: As soon as there is a five-euro note in the wallet, it is put away and ends up in separate storage with all the other five-euro bills. And that was about it. If you receive a five-euro note as change in a restaurant or when shopping in the supermarket, it goes away immediately. If the ATM sometimes spits out a five-euro note when withdrawing money, it is also removed immediately. Whenever and however you receive a five-euro note – as soon as it is there, it is immediately put aside and saved. If an average of four five-euro bills are put aside a week, this adds up to more than 1,000 euros a year.
After a certain amount of time has passed, the five-euro bills that are continually being put away may have accumulated into a large amount of money. From several hundred to even a thousand euros, everything is possible, depending on how many five-euro bills you get, but also how consistently and for how long you manage to implement the trick.
Why this trick works
When using this trick, all we see is the five-euro note that wanders out of the wallet. As a rule, the resulting and felt “impairment” in everyday life is not too significant and also not too drastic. At the same time, however, behind the facade, the savings amount keeps adding up.
It is not set in stone to use this trick only on a five-euro note. The trick can also be used with 1 or 2 euro coins for households with little room for maneuver, where five euros tend to tear too large a gap in the budget plan. However, if you have a lot of money to spare, you can do the same with larger bills. The exact procedure is subject to flexible design options in every respect.
That’s what matters
The success or failure of this trick ultimately depends on one component: the consistency. If you decide to put away every five-euro note in the future, then every single five-euro note should also go to the piggy bank – with no exceptions. If you have set a deadline or an exact time, the piggy bank should only then be slaughtered and not earlier.
Finanzen.net editorial team
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