You must have surely heard the popular saying that, “Small drops make an Ocean”. The same also holds true in case of saving money. Small amounts of money saved today can accumulate into big amounts in the time to come.
But do you really save? Do you have a Piggy Bank?
Actually it has been found that saving money is not very popular among people. And most people even do not have a Piggy Bank. It’s rather unusual but a true fact.
Well Saving money is very important and you can also start saving from today, all you need is a Piggy Bank. So in this post we would see the significance of having a Piggy Bank and what effect it can have on your personal and family life.
You must have realized that in our day to day activities, most of the times we are left with small amounts of money. This leftover money from our day to day spending we usually tend to ignore and do not save for our future use or investment. This leftover money has every possibility and potential of becoming an important part of your savings. This money should actually go into your Piggy Bank.
Let me show this to you by taking an example. Suppose you have decided to take your family on a dinner and so allotted $ 100 for the same. But on the whole trip you happened to spend $80 in all and so now have $20 left with you. You can do two things with this leftover money.
Either you can spend it on other things or you can save it by putting this money into your Piggy Bank. It would be better if you put this money into your Piggy Bank. Now you need to repeat this action of saving the leftover money in a Piggy bank when you spend on other things as well. You can also put the money at the end of the day.
Here the emphasis is on saving money rather than on the amount of the saved money. The amount can be small, it can even be as small as $1, but you should save on a daily basis in your Piggy Bank. Continue this activity for a month and see what magic happens. At the end of the month, you would notice that you are successful in saving a good amount of money which otherwise you would not be able to save. So you see that a Piggy Bank has worked for you. It has helped you in saving money.
You can do a lot of things with this saved money. You can continue saving like this for a year and find yourself richer by thousands of dollars. You can go and put this money in your bank account or can have a fixed deposit done with the bank or even can purchase gold or mutual fund or invest stocks as well.
One small step of saving money in your Piggy Bank can really make you wealthier and happier too. In doing so you have also accomplished the habit of saving money and would have got rid of your bad habit of overspending or unnecessary spending. A dollar saved today can be of enormous use to you in the future.
In line with saving money in a Piggy Bank there are some points which you ought to take care of. First of all, you should make it a point not to use the money which you have saved in your Piggy Bank. The basic point is to develop the habit of saving. So you must avoid spending the money which you have saved in your Piggy Bank. Secondly, once you have seen how much you are able to save in a month, you can keep this amount in the Piggy Bank even at the starting of the month because now you know that you can meet your monthly expenses easily without requiring this much money.
Thirdly, you should drop the false notion that saving can only start with a big amount. Well, you can and should start saving even when you have small amount of money with you. Even saving a dollar a day is important. Lastly, you should always keep the Piggy Bank at such a place where it is accessible to all your family members so that they can also save money in it. All-in-all, saving money in a Piggy Bank would turn out to be a profitable equation for you.
So it would be very profitable for you to have a Piggy Bank with you. A Piggy Bank though small can prove to be a life changer for you for the better. The money you save today can be used for fulfilling your aspirations. After all good financial health is the key to prosperity and well being.