my two piggy bank

that's a good share... thank you...

I actually teach my son to use 3 banks. 1. 10% goes to savings. 2. 10% goes to tithe or charity. 3. The rest is for spending. And he is consistent in this, I am very proud of him.:)

That makes sense but for some people though they don't have any extra money to save for that piggy bank. I have learned to save some money since I was a little girl. I think this is something that needs to be taught to children at an early age. It's never too late to start saving though but it does get harder the older you get.

i am saving money again. not that much but it is good to save whatever amount i have and until it adds to a very good amount and i will not the touch the money. it feels great to have some sort of savings.

Hi iwrite, Pay yourself first is the advice of the financial advisors, but sometimes that is difficult to do, especially if your financial obligations out number the dollars you earn. I you have it in your hands, most times you're not disciplined enough to save it. Since this is a problem for most of us who are struggling to pay the bills, I have set up an automatic withdrawal from my checking account into a mutual fund account. The money is withdrawn without me missing it. I don't even remember most times until I receive the statement. The money continues to purchase shares in many different companies held within the mutual fund. This keeps me from buying single share from these companies. That is my biggest way to pay myself first. I do have a piggy bank, but I use it to store all the loose change from shopping trips. I never keep the change in my purse. I did cash it in once, when I need a little help. It turned out that I had over $400 worth of change. So, I will keep saving the change. Every little bit helps.

Hiya iwrite, Now that is a nice idea hope you keep it going too as it´s hard not to be tempted to open those piggy banks when you most need money. I would need something like a thousand Euros which is about 1,200 dollars to start an investment. Also they give you no assurance what the outcome of your investment would be so for the time being I will keep to saving but smaller amounts. Good luck both ways.

I think it is a great idea; and if the piggy bank's not available, the mattress or whatever safe place is and that is that.

Im starting to do that too.^_^ Ive been doing that since childhood then Id spend my savings on a big purchase that I really wanted. During college days, all of my savings were spent on expenses needed for school life. So I graduated with no real savings. Now, with the little earnings that I get from online things to small incentive from random errands for people. As of date, I have a good start and Im trying to keep it accumulating. Im restraining myself from withdrawing from my savings account(where Im safekeeping my savings). While Im also looking for part time jobs that I could apply to. I would like to know though is how and where I could invest the little that I have. At least when its still sitting there, its earning something. Where do you invest your savings?^_^

Very good idea. I want to do that too. Anyway, I started now to set aside little amount every time I have money just to see how much I will come up at the end of the year. The problem is when I will go to the store I am tempted to use my savings to buy something. I don't know how to overcome that.

I like your idea. I have decided to save all my earnings from now on and see how I go. My husband is the bread winner although sometimes his salary runs out and we rely on my earnings. We decided to try not to touch whatever I earn and save it instead. Will we make it? Time will tell...Paying yourself first is a great concept if you’re serious about saving or investing.

Hi iwrite! Our commitments make us see beyond ourselves. I have to agree with what you said. That's a sound advice which I start too. And thanks!

That's a good idea. I wish I have earnings to save, but I don't because I'm still studying. Keep it up, friend!

I think piggy banks are a great way to save. I use one myself, I put all my small change away at the end of each day, and put them into a piggy bank. You would be surprised at how much I manage to save this way, so I definitely think it is a good idea for you too! Good luck, I hope you manage to reach your savings goal!

read The Richest man in Babylon and you'll get inspired. I always read it and apply it in my life. It's one of the greatest book in financial literacy. There is a free ebook of that. I admire you for initiating a change in your life.

That sounds like a good idea, but I know myself, and I'd probably rob my piggy banks before the end of the month and I wouldn't have anything in it..lol. It would always be in the back of my mind, "I've got some extra money in my piggy banks."..haha.

What a great idea that is. For me, I get paid on a weekly basis for babysitting my two nieces. I use the money that I have from that as my running money during the course of the week and then when they pay me the following week, I empty out my money that is left from the prior week and I will save everything that is left over for later use. Right now my goal is to be working on birthday and Christmas presents. If I don't have enough money in my baggie, I can't buy something on that given week.

Hi iwrite, That is a very good idea. The key point here is actually consistency and discipline, so maybe it's good to give your bank a standing order, transfer your $10 to a savings account and the other $10 to another account for investments on a regular basis. That way, we do not have to worry about forgetting it or spending it on temptation.

you're right iwrite! no wonder people who work almost all the days of their lives still end up broke because they did not bother saving something for themselves. Anyway, thank you for sharing this!

good for you! Unlike me, I really have a difficulty saving. I know that I have to save for the future, but what we have right now is just enough for our daily expenses. I just hope I could get a salary increase for the next fiscal year so I could save too! Continue your deed, and if you can, invest on some business... :)

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