Discover my simple saving method using a wooden box and a pen to reach £10,000
London: If you’re anything like me, the holiday season probably drained your wallet a bit. Now, you might be thinking about how to save some cash in 2025.
Saving money can feel like a real challenge with all the expenses life throws at you. But I think I’ve stumbled upon a neat trick that could help, and I’m excited to share it.
Whether you’re saving for a new ride, a fun getaway, or just a rainy day fund, this method using a wooden box and a pen might be just what you need.
I kicked off this saving strategy at the end of May, and I’m still going strong. The best part? I’ve actually managed to stick to it and save a little each month.
I’ve set myself a goal to save £10,000 using just a wooden money box and a pen. I’m not quite there yet, but I’m making progress. Here’s my take on this saving method.
Using a wooden box and a pen to save money is super simple. You just pop money into the box and mark down what you’ve added. Plus, the pen is erasable, so no worries if you mess up!
You can put in specific amounts like £5, £10, £20, £50, £100, or even £200. This is both a blessing and a curse.
On the plus side, it helps you stay focused, and you can save larger amounts faster than just tossing in spare change. But let’s be real, not everyone can drop a big chunk of cash at once.
I’d suggest putting anything less than £5 into a different jar or waiting until you have a bit more saved up before adding it to the box.
The money box I got was £9.99 on Amazon. At the end of each month, when payday rolls around, I like to take out some cash—usually around £200—and stash it in the box. Out of sight, out of mind, right?
This method has really helped me save quickly, but it does mean I have to empty the box regularly to keep saving.
That’s one downside, plus having a lot of cash lying around isn’t the safest, especially since the box can hold up to £10,000!
I’d recommend taking the cash out often and depositing it at the bank. Then, I transfer it to my savings account, which I try to keep adding to instead of withdrawing from.
But honestly, this method has worked wonders for me. I’ve saved £1,595 in just seven months (as of November 2024).
Any extra cash I can save when I get paid also goes into the same savings account, making it feel like I’m getting a bonus since it’s separate from the wooden box savings.
Overall, I think this money box has been a game changer for my savings. Even though I can add larger amounts like £200, I can also use cash for everyday stuff and toss in my £5 change when that’s all I can manage. It all adds up!
There’s something really satisfying about saving money and crossing it off the list. It feels rewarding at the end of each month, which keeps me motivated.
You can find wooden savings boxes with different targets too, so if you want to start smaller and aim for £1,000, that’s totally doable.
So, are you thinking about giving this saving method a shot? Let me know what you think in the comments!