The day i always looked forward to finally came (January 10th, 2018)
I finally opened my piggy bank!
Commencement date: April 19th, 2017 to January 10th, 2018.
Total saved = 4350 US DOLLARS 💵
it is never too late to start a savings plan & seeing as the year is just beginning, what better time than to start now
if you wish to key into this piggy bank savings, then here are some tips that helped me, that may help you also
👉 Begin today. Stop the procrastination. You cannot reap where you did not sow or enjoy the dividends of what you never worked for
👉 How to start? If it is not possible to get one right away, improvise with something else like a plastic box. and if you could not still get a box of improvise, i advice you tuck the money away somewhere.
In year 2003, back then in junior high school 2,
i remember tucking notes intended for saving inside my big long note, and at the end of each term, i accumulate something tangible and purchase something special with the money,
My point is that this singular act shows your level of commitment to starting and will mark the birth date of piggy bank savings.
👉 Even when it is difficult, try your very best to put in notes daily or at least thrice a week; loose notes that are spent on frivolous things,
it was quite difficult, however when i get my salary at the end of the month, i usually make sure to put aside a specific token.
👉 Reduce notes of lower denominations NOTE The primary aim here is to accumulate as much as possible at the end of your saving period. Lower denomination will definitely give you a lower output, whilw this may work for some people, it didnt really work for me
👉 my very first savings plan started in August 19th 2016 and it was opened in January 2nd 2017. although i realised 1227 US DOLLARS 💵, I was still kind-of sad because it was below my expectation.
It was then it occurred to me, that it was because I was saving more of low denomination notes. Thus, i came to a firm conclusion to only put into my piggy bank $50 and $100 notes.
👉 Be committed to this. This may sounds cliché but you can't go far in this without discipline. Discipline will keep you in check, and keep you from breaking your bank before your due date.
Also important
👉 Take out your savings before any expense. This would prevent you from saving after you've spent all your earnings or saving below your target.
👉 A Piggy bank is not the same as an investment plan. while the latter accrues little interest, the former does NOT grow. You only get an accumulated funds of what you've saved over a period of time.
👉 hahaha, this one is very important, Keep your piggy bank away from thieves, invaders and external persons.
Whenever i had visitors in my home, I kept mine far away. I would rather be safe than to be sorry.
it would not be funny to discover your piggy bank emptied or stolen, some thieves even go as far as replacing the money with trash and dirts.
👉 Finally, while some may say a piggy bank is an outdated method of saving due to presence of modern savings systems i.e banks, That is fine, save in the bank,
however, Open another account entirely for your piggy savings, do not use your regularly savings account
Remember, financial discipline can be achieved by just anybody (that includes you!), it just takes strong will and zeal to change and develop new habits. When this happens, you will experience financial break through, with this type of commitment you will always have more money to save, and build more financial security for you and your family.
And when it's finally December, 2018 or your intended day of harvest, you will definitely feel relaxed, with gratitude in your heart, and good rest of mind
Lots of love.
💗💗