How to save $230 before Christmas

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.

Then, ask yourself if you still want that item.  You'll probably save yourself money by simply waiting.