One of the ways I save money is by utilizing my piggy bank. Yes, I know it’s quite common for people to use piggy banks.
If you can have enough willpower to not raid it, it can be quite useful. It’s not uncommon to raid piggy banks. People do it all the time, mostly when they run out of money before the next payday or when they really want to buy stuff. This used to happen with us all the time, now we just go without if we went through all our money.
It may take a while to get into that mindset if you aren’t already, but it’s worth it. In 2010, my piggy bank helped us save $372.08 plus whatever we earned on that interest-wise.
Coins aren’t the only thing piggys like to eat, they also ♥ dollar bills. Yum! Whenever I feed my piggy, I immediately write off that money. When it’s full, I cash in the change at my bank (they have one of those nifty change counters) and then put the money in my ING savings account. That way, I earn interest off all that money we saved.
Now, you don’t have to use a traditional piggy bank, there are many other things you could use. Such as:
- Coffee cans
- Zip-lock bags
- A sock
- Tissue boxes
- Pretty much anything
The whole point is that you have something to put it in. Obviously, having something where you don’t see the money itself would work best.
Do you currently use a piggy bank?
Does it work out for you?
How much do you save by using piggy bank and what do you do with the money?