As part of his goal to get readers to save $1,000 in 30 days, personal finance blogger Ramit Sethi suggests setting up a personal fuel hedging fund to protect against rising gas prices eating into your best intentions. His own method calls for figuring out what you were paying for gas a month ago, setting up an automated ING sub-account, and transferring his monthly savings in gas costs to it. Setting a calendar reminder, he'll check the cost of fuel in three months, and pull from the fund if needed, or drop more in if gas continues to drop like it has been. If you're not the type to save gas receipts, Sethi suggests an expense tracker like Mint to deliver your fuel costs to you. It's basically an advanced means of tricking yourself into saving money, but a worthy one. Photo by 'bert.
Use gas prices to become your own hedge fund [I Will Teach You to be Rich]
