Barclays Bank's vanishing coin trick may help people save without noticing

Barclays published a short guide called 'Savvy ways to save without noticing' that lists five simple saving methods, including a 'vanishing £2 coin' jar idea, daily penny transfers, smaller ATM withdrawals, and breaking goals into milestones.

Barclays has published a short guide of saving ideas aimed at helping customers boost their savings through small habits. The bank's webpage was titled "Savvy ways to save without noticing." It presented five simple methods and said some can be done once and forgotten while others become regular habits. The focus is on minor, everyday adjustments rather than large one-off actions. Noted tips: - Barclays lists five ways to save "without really noticing," described as smart tweaks to everyday financial habits. - The 'vanishing £2 coin' idea asks customers to move any £2 coins from their wallet into a jar and only empty it when full or at year end. - One method recommends transferring the pennies left in a current account balance at the end of each day into a savings account (for example, 58.87 becomes 87p). - Another suggestion is to withdraw £10 less from ATMs (for example, taking £40 instead of £50) to reduce spending on non-essentials. - Barclays also highlights breaking large goals into smaller milestones, setting regular payments to savings, and writing down goals to help with motivation. Summary: The guide aims to make saving easier by using small habit changes and simple rules. It details specific approaches such as the vanishing £2 coin and daily penny transfers to quietly build savings. Undetermined at this time.