Sure, you’ve got your bonds and your mutual funds and your GICs — or maybe you rely on the good ol’ sock under the mattress. Even so, it doesn’t hurt to have a few sneaky tactics for saving money, and this one’s pretty clever.
Drop your nickels and dimes into this coin bank and it’ll randomly deposit them in either the “Save” compartment or the “Spend” one. (After all, what fun is saving if you don’t get to spend a little?)
Actually it reminds me of this little piggy, which has slots for saving, spending, donating and investing. I think it would be especially useful for teaching kids about money. And it’s a good reminder for us adults, too: Every time you drop your spare change in the bank, you’re forced to think about what you’re going to do with that money — and ask yourself why you’re not saving, donating or investing it.
What are your sneaky tactics for saving money? Do they actually work? (And can I steal them to save more of my own money?)
P.S. Find out the desperate measure that worked for Vanessa, a copy editor at Chatelaine. And, if you missed them yesterday, be sure to check out the Tuesday Cheapies.
One Response to “ Money Trick: Save money with this genius “piggy” bank ”
I gather all the coins that are left around, or from my wallet or deposited on my husbands chest of drawers and roll them. It gets rid of clutter too. Then I deposit into a savings account marked Holiday. As well any random cheques I may get ie refunds or from friends for stuff we’ve done together – again into the Holiday account. Last year 1500. was deposited – paying for some fantastic horseback riding in Waterton, Alberta and paragliding in Golden B.C. on our holiday last year. It felt like free money.
By Heather Trim on Oct 28, 2009