Budgeting is a surefire way to cut costs and save money. However, if you’ve already devised a concrete budget, you may be looking for more creative money-saving techniques. That’s where psychology comes into play. Here are a few easy tips to actually trick yourself into saving more money.

Item Price Vs. Hourly Wage

One easy way to determine whether a purchase is really worth it is to calculate how many hours you’d have to work to buy the item.

For instance, if a new shirt comes in at about $50, and you make $15 per hour, you’d essentially have to work about 3.5 hours to earn the shirt. A coffee from Starbucks, on the other hand, would be a half hour’s worth of work.

This can especially put pricey items into a new perspective. Is that new $200 purse really worth more than a whole day’s work?

Take Advantage Of Online Banking

Most banks today offer great money-saving features, like automatic withdrawals. After you get paid, you can set a withdrawal to occur each month from your checking account into your savings account.

After a nice chunk of money is transferred out of your checking account each month, your current balance will look a lot lower than normal. This, in turn, will keep you from overspending because you’ll think you have less money than you actually do.

Only Carry Big Bills

It’s commonly known that using cash will help you spend less. This is because you don’t see your money physically leaving when you use a credit or debit card. You can take this a step further by only carrying newer, big bills in your wallet.

Science has shown people are more willing to spend smaller, more worn bills if they carry cash. This is a logical conclusion, as people are more hesitant to break a crisp $100 bill than a wrinkly, old $20.

Are you ready to put these money saving tricks to the test?