7 Ways To Stack Your Money

I have lived my whole life stacking my dollars and acting broke. That’s why I’ve never actually been unable to afford what I need and am financially secure.

It’s not about literally acting like you are broke but being mindful of how money is spent. It’s about being conscious when spending money so you can save when you’re able to.

Cartoon money stacks with title text overlaid

What Does Stacking Money Mean?

Stacking your dollars, or stacking money, is a money slang that refers to saving or accumulating a lot of money over time. It’s saving so much money that you can pile it all together and make stacks of it. Doesn’t that sound great?

How Should I Stack My Money?

This is a personal finance strategy for responsible money management. The concept entails having a budget, lowering expenses, increasing savings, and growing wealth with various investment strategies.

Here are some ways to start saving money:

1. Use A Budget

Creating a budget can be very easy. It is simply making a list to track your income and expenses.

It can help you identify the areas in which you’re spending too much and allow you to cut back on unnecessary expenses. These can be things such as canceling unused subscriptions or finding a cheaper cell phone plan to match your budget.

However, a budget is only good if you stick to it.

2. Act Broke

Before I ever created a budget, I was already saving a lot of money just by acting broke. Even though I had the money to buy what I wanted, I avoided impulse-buying things I didn’t need.

When you’re broke, you have to make smart decisions about what you’re going to spend the money you do have on. Using this mindset and living below your means is the key to saving money and sticking to your budget.

3. Automate Your Savings

When I set up my budget, I create a category inside it for saving 20% of my family’s income. I recommend doing this and trying to save at least 10% of your paycheck every month. 

Create an auto-transfer to automatically send this amount to another account. This way, you can save money without thinking too much about it and won’t accidentally spend it.

4. Open A Saving Account

Consider opening a different savings account for your money. You can squirrel money away into different types of bank accounts that can gain interest.

5. Invest Your Money

Look into investing your money in stocks, bonds, real estate, etc. Saving money is good, but investing can help you grow your money faster if you are okay with the risk.

This is also a good way to generate passive income.

6. Pay Off Debt

Prioritize paying off any debt you have. This can save you money on interest charges and free up more of your income to save or invest.

7. Get A Side Hustle

If you have the time, look for ways to earn extra money such as starting a side hustle. This can be an additional source of income to pay off debt, save more, or invest and earn more.

Remember, there are many ways to greatly increase your savings and stack that money. The key is to find a strategy you like and can stick to!

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