The Good Old Days of Piggy Banks


by Nancy Dean - Date: 2006-12-04 - Word Count: 507 Share This!

Grandma had a rainy day jar. She would tuck it away and put a little extra there whenever she could to save up for a special treat or gift or for when someone needed a little loan. That mentality seems to be gone.

Today, many people simply don't have a rainy day fund. They live off credit and find themselves sinking further and further into debt. Money certainly doesn't grow on trees and we've lost the old advice that suggested that you give ten percent of your money to charity and tuck twenty percent into the bank to save for that rainy day.

If you save just a little, you'll find yourself in a better financial position. The coin counting bank is an innovative little jar that counts the money placed inside. The coin counting bank has a digital readout that keeps track of whatever money is placed in the jar and can let you start over when you replenish your savings.

This is a great tool for adults and children alike. If you want to save for a special treat, this is a great tool for your children in teaching them the value of a dollar and the value of hard work. Place the jar in a communal area and have everyone contribute to it for a special treat such as a family night out or something for the home.

For the homemaker who saves a little here and there on coupons, you can see exactly how your money saving efforts add up by placing the money saved by your coupon efforts into the coin counting bank and watching the total rise. You can set a goal for yourself and when the coin counting bank tells you that you've hit your goal, you can celebrate!

Instead of buying your Christmas gifts on credit, save money all year long and count it with your coin counting bank. If you are rounding up loose change to help you roll money for banking purposes, this is an excellent tool. You can toss pennies in until you get to fifty to know you're ready to roll. You can toss dimes in until your coin counting bank tells you that you've hit the five-dollar mark to know it's time to roll again. This tool is a great gift idea for anyone.

Going back to basics with your money and saving a bit from each pay or placing your spare change in a jar to save up for something you want instead of buying it with a credit card or out of your bill money will make you a smarter accountant. Treating your own finances, as a business and noting your budget will help you be better equipped to take vacations, buy presents or treat yourself. It will set a good example for your kids too. Many people today, live just inches away from filing personal bankruptcy. Following Grandma's old method of saving your money for a rainy day will likely help you reinvent the way you manage money so that you and your finances benefit from it.


Related Tags: gifts, bank, banks, novelty gifts

The coin counting bank can be found at Taylor Gifts - where you can also pick up great deals on other fun, functional novelty gifts.

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