If you are trying to find different or extra ways to save money, there's an old option that's making a comeback right now.

PennyWise host Teri Barr is talking with Chanelle Bessette, a Personal Finance Expert with NerdWallet, to learn how a savings circle or money pool may work for you. They also share the top four rules to follow to get this idea underway.

Previous Pennywise episodes featuring Chanelle:

What the Increase in the Federal Interest Rate Means for You and Your Money

More from Chanelle at NerdWallet:

8 Best Banks for Overdrafts

What Is Regulation E and How Does It Impact Your Bank Account?

How to Save More When Inflation Makes Your Money Count Less

Varo vs. Chime: Which Is Better for You?

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