Saving money is harder because sending money is easier now.

[Findingnemo]

A financial hack to spend less money, for say a week is for you to withdraw the amount of money you have to use that week and then avoid making any payment through your banking digital applications. There is a psychology behind this and why I think so is because if you withdraw cash that you need for the week and then have it at hand, you will not want to see that stack of cash go down very quickly so you will be cautious with transactions you make, but when making transfers using your mobile bank application, since you do not see a physical value of what you are spending, you can send out a huge amount of money and if feels like nothing because you did not see a physical representation. The ease of transferring money has made keeping money more difficult in bank applications, and also financial discipline harder to practice for some.

Have you observed this?

This may work or may not because people who are spending the money need to realize how much efforts they put into to earn that, then only they would stop spending on unnecessary things. But people used to spend and they don't even realize that there is no more job security on any field, they they tie themselves with committements for long time such as housing loan and other flasy things that can go on for 20 years.

[Fash33]

A financial hack to spend less money, for say a week is for you to withdraw the amount of money you have to use that week and then avoid making any payment through your banking digital applications. There is a psychology behind this and why I think so is because if you withdraw cash that you need for the week and then have it at hand, you will not want to see that stack of cash go down very quickly so you will be cautious with transactions you make, but when making transfers using your mobile bank application, since you do not see a physical value of what you are spending, you can send out a huge amount of money and if feels like nothing because you did not see a physical representation. The ease of transferring money has made keeping money more difficult in bank applications, and also financial discipline harder to practice for some.

Have you observed this?

The world has passed this stage, if you are at least an adult with basic responsibilities this won't work because you will probably be spending more than you think.
I say this because the world is very digital right now, there are places you go and they tell you that they don't accept cash or you might be in a situation where you are far away from and the only solution is sending money digitally now you out yourself through the stress of looking for how to do that and this problem can come anytime of the day.

The best solution is not holding cash because aside the points I mentioned cash can easily get stolen or misplaced, you can have a designated account like for emergency fund, monthly or weekly expenditures and one for saving(although saving in fiat is not wise better to invest in assets)

This hack doesn’t apply to everyone because some persons manage their money well when it’s not in their hands while others can do what you just described but right now, almost everyone is having a fintech bank or the other and most of these fintech banks have a system or features where you can spend and save or how you will be able to save money in their fintech banking app and also spend the remaining ones. You can even lock the money you know you don’t want to use now and want to use later and you will be able to set the preferable date you want to have access to it. For someone like me, I spend more when I have cash at hand but with the help of the features in the fintech banking apps, I have been able to manage my funds and also keep money I want to use later

[Joeboy]

....

I don't think it works for everyone...In my own case, having physical cash at hand actually increases the tendency of me spending that cash simply because it is readily available for spending...For example I could have a friend visit with his family and while they are leaving, I might give some cash to my friend and his children for t-fare or for other miscellaneous...Same thing applies when I visit the market to stock up some groceries and food items... Considering the present state of the economy, this items seems to have gotten so outrageous in price that at times you tend to spend more than what you originally planned, and that spending could very well be facilitated by the availability of cash at hand...But when this money is right there in my mobile banking app there is higher tendency for me to spend with caution...Most mobile app even having fixing saving options as well as other features that you could temporarily lock your funds for a fixed duration of time and adoption such method encourages better spending habits..

[AmaGold70]

I believe this is all about financial discipline, if you are disciplined with money you don't spend it anyhow, and any money you spend can be accounted for. To do this, you need a scale of preference, so when you withdraw money you should be able to purchase those things you need , and remain cautious on any other thing that might cause unnecessary spending. However, any money that is meant for saving can be locked if you really don't want to touch that money, there are features that will enable you to lock your fund for some period of time pending when you want to make use of it. Also , there are things we can not avoid spending money on, such as feeding, health care etc, and these kind of money should not be counted as savings, but your savings should be separate as you maintain financial discipline.

[Webetcoins]

Technology is constantly updated and now people are so used to using the updated version of technology that now people do not want to save money like before. If someone starts saving money, then if there is a small need, he will have to spend that money. Now due to the introduction of various online banking and transaction methods, sending money has become very easy. Therefore, people send money from their savings whenever there is a small need to meet that need. However, a few years ago, people could not use the various facilities of sending money. As a result, it was very easy for them to save money, but now people are no longer interested in saving because that money can be sent in an easy way. However, even among them, those who can be patient and start giving importance to saving can save money.

I don't agree that people aren't able to save money only because of technology and because it has become easier to send money. It all depends on a person's personal choices and their financial discipline and management skills. Someone who are not disciplined financially and have no financial management skills will struggle to save money even if they are not using online accounts and have easy ways to transact money. On the other hand, someone with enough discipline and financial management skills will be able to do it even if they are using the latest technologies for saving and managing their money. So we need to stop blaming technology and online systems for our own inabilities.

Besides all that, for a person to actually be able to save money, it's important that they be earning money that is more than enough, which means that after taking care of all the necessary expenses, they should have money left that they can save, because if you only earn enough to take care of the bills and other basic expenses, you can't save anything even if you are financially disciplined. One could say that budgeting can help, but budgeting can only help if you have enough but you are just aren't being able to manage everything properly, in a case where you earn either less or enough, budgeting won't do a thing.

[Emeraldo]

I believe this is all about financial discipline, if you are disciplined with money you don't spend it anyhow, and any money you spend can be accounted for. To do this, you need a scale of preference, so when you withdraw money you should be able to purchase those things you need , and remain cautious on any other thing that might cause unnecessary spending. However, any money that is meant for saving can be locked if you really don't want to touch that money, there are features that will enable you to lock your fund for some period of time pending when you want to make use of it. Also , there are things we can not avoid spending money on, such as feeding, health care etc, and these kind of money should not be counted as savings, but your savings should be separate as you maintain financial discipline.

Financial discipline is what is going to stop that over spending attitude for someone that have been struggling to save money.
It is not easy to be disciplined but that is the only way someone that has been in a state of spending extravagantly without control can help themselves to avoid such lifestyle.

People need to spend money on things that are necessary not everything that we are having taste for.
Financial Freedom starts from being able to control how money is being spent. Not having control over money will cause issues and instead of saving for emergency time mostly for days when money will be scarce, not having that discipline can make people spend without having a saving.

[Mayor of ogba]

Even though we assume people have control over their expenses that happens to them, withdrawing the amount of money you have to use in a week won't even help avoid making payment through your banking digital applications or debit cards if you aren't discipline because you will always lose control and pay for what you never planned for. I have two savings, one for emergency and one for what I will use to buy anything I feel I need in my home like air conditioning or washing machine. If I have any emergency and there's no money in my emergency savings, I will never touch my other savings because if I take out money there it will be difficult for me to replace it instead I will borrow money from a friend to solve the emergency, this have been helping me to save more money.

[angrybirdy]

A financial hack to spend less money, for say a week is for you to withdraw the amount of money you have to use that week and then avoid making any payment through your banking digital applications. There is a psychology behind this and why I think so is because if you withdraw cash that you need for the week and then have it at hand, you will not want to see that stack of cash go down very quickly so you will be cautious with transactions you make, but when making transfers using your mobile bank application, since you do not see a physical value of what you are spending, you can send out a huge amount of money and if feels like nothing because you did not see a physical representation. The ease of transferring money has made keeping money more difficult in bank applications, and also financial discipline harder to practice for some.

Have you observed this?

Actually, I have experienced that same situation right now. No matter how much savings you have, once you don't have any control when it comes to using digital banks whenever you have to purchase something, you're not going to realize that you've spent more than what you've already set as your daily spending limit. So, that's definitely true. It's kinda hard to save in this economy, but it is easier to spend, especially now that we have cards, NFC through phones, and online banking. Right now, what we really need to do so we can save our money is to avoid all of the said things, no matter how much convenience they give us... Having a passbook in a bank is helpful too.

[Hamza2424]

you can send out a huge amount of money and if feels like nothing because you did not see a physical representation. The ease of transferring money has made keeping money more difficult in bank applications, and also financial discipline harder to practice for some.

Have you observed this?

Hmm, nice method, but bro, this won't work haha. I already tried it and other tricks too. You have to ask your family or your partner to help you save. If they know how much you earn, then forget that you will ever be able to save. They will spend all of it because none of them will have any sense of how to save, so they will try to spend most of what you earn in a month. But that does not mean they don't need to learn. You just need to lie about your earnings.

You can hide your earnings, but they need to learn how to save. If they can walk somewhere and save some money, then they should walk. These things don't indicate that you are poor or something. Everyone saves a little, and some people think, What good can saving £5 by walking do? But it makes a huge difference if you do it every day or a few days a week.

We have to start spending less ourselves first, and then we have to ask the family to do it. It can be hard for them, but we can set boundaries on spending, and we won't expand them until we get a raise or something.

[Gaza13]

A financial hack to spend less money, for say a week is for you to withdraw the amount of money you have to use that week and then avoid making any payment through your banking digital applications. There is a psychology behind this and why I think so is because if you withdraw cash that you need for the week and then have it at hand, you will not want to see that stack of cash go down very quickly so you will be cautious with transactions you make, but when making transfers using your mobile bank application, since you do not see a physical value of what you are spending, you can send out a huge amount of money and if feels like nothing because you did not see a physical representation. The ease of transferring money has made keeping money more difficult in bank applications, and also financial discipline harder to practice for some.

Have you observed this?

Hey bro, we re living in the age of digitalization now it shouldn be hard for young people to use all sorts of apps, right? Why do you still say that it is difficult to use?

If we look at it from the perspective of saving money or economizing on the funds we spend. Ultimately, it comes down to each of us and how we align our spending with our daily needs whether we can remain consistent, or if we find ourselves tempted by cheap items that fall outside of our original financial plans. Digitalization truly offers us a high level of convenience we simply type in our intended destination, hit send, and it arrives all without us having to waste our time and energy.

[Woodie]

As much as these digital platforms are supposed to be a convenience, I kind of agree with you that this makes financial discipline very difficult, but not impossible because banks have diverse service's that can help to control ones spending!! But if this was said about crypto,  unfortunately this takes personal discipline to manage, which few can do unless you have several streams of income coming in that will not tempt you from spending..