CHARLOTTE, NC (WBTV) - How would you like to be $230 richer by Christmas?
If that dollar bill in your wallet feels like it's burning a hole in your pocket, you're right, it is!
Shoppers are more willing to spend a $1 and $5 bill than break up a $20 bill. Researchers call it the "Denomination effect."
The bigger the denomination, the harder it is to spend. So roll your change, collect your dollar bills and exchange them for a $20 and hold on to it.
If you do that every week until Christmas, you'll have $230 to spend by the time the holidays arrive.
Another great way to save is called the "Master the 30-day rule."
Between now and the holidays, if you are thinking about buying something you really don't need, wait 30 days.