Looking for a different way to save money? 4 rules for starting your own savings circle

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

• Four of five Americans are choosing to reallocate their savings

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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PennyWise is a show about money, personal finance, investing and travel. The program features a variety of financial experts who can help save you money.