Save Like a Kid

When we become adults we always reminisce about how easy life was as a kid and how stress was nonexistent. In my last post I advised you on how to teach your children the responsibilities of money, but our children can also teach us how to save. At young ages, many kids receive piggy banks from their parents or other family members. They are taught to put coins into the piggy bank to save them. At some point in our lives we stop using piggy banks and start putting all of our money into banks. I understand that putting our money in an interest bearing savings account is smarter, but we shouldn’t forget the lost art of piggy bank saving.

After going to the store or out to eat we will receive change back in the form of coins and dollars. Those coins often end up thrown on the counter, in a drawer or lost in the couch. We should have a place for that change. Get a five gallon water jug, a large jar or a piggy bank. Once you get home throw that change into your adult piggy bank and even throw a couple dollars in there once in a while. Over time that piggy bank will begin to fill and you will have saved a good amount of money that you never paid attention to previously. Set a goal of time and after you reach that goal empty the piggy bank and see how much you have saved. It probably won’t be enough to buy a car, but it could be enough to take your loved one on a nice date or buy something you have had your eye on.

We should all connect with our inner child and reinstate the art of piggy bank saving. We need to teach our kids to save, but they can also teach us a few things.

Have you saved like this? How much did you get? Leave a comment below, I would like to hear your piggy bank success.

“A penny saved is a penny earned.”
-Benjamin Franklin