Do you set aside some money in a jar?

[freelancermaria]

I have developed a habit of saving some cash in a mason jar ever since I realized how important it is to save money. Last year, I decided to use my unused jar as my savings container, and I was able to save almost $150. Although it was not that much, it was still a significant help in my savings journey.

 

[Suba]

I never keep money in a jar, but I have a habit of putting change in a desk drawer, both at work and at home, sometimes I'm amazed when I see the drawer is almost full.

 

[klassicdoll]

I used to do it before during elementary and high school days, and I open it every Christmas.

 

[magnus2022]

I don't save in the jar. I think is old fashioned and outdated. I save in the bank and i don't want to endanger my money. There are many thieves these days. I trust no one even my family members.

 

[Starmix]

I have one piggy bank where I throw my 10 and 20 pesos coins. I was able to save almost $700.I cannot believe my eyes. It's good to have a small savings at home. I started keeping coins in a piggy bank at age 11.

 

[Augusta]

it is more of a piggybank for me. though I have a tin container for my smaller change

 

[Stardom22]

of course yes. I have a slotted wooden box that l usually keep the extra coins from the change on balances from the shops that l purchase my basic items.

 

[Starmix]

We'll never know that small coins could become gold someday. If we always do it there's something we can rely on in case out of money paying for the electric bill.

 

[Augusta]

The most thing is to set aside money for future use and nit necessarily where you are saving it.

 

[Fidelia]

It might look old fashioned but if you can keep the jar without having to touch it impulsively on need, it would still save you bank charges if you had saved it in the bank.

 

[deucher]

I don't use these methods to save money because they won't do any good if they just sit there. Better methods would be investments or even small deposits in the bank to cover inflation. However, if you collect very small amounts, you can try to understand how much you can save during the year and then invest these funds

 

[arunima25]

I once used a jar when I was young. I got the idea from one of the popular TV shows of those times. But then jar was easy to open and I would often get tempted to open and take out some to spend. I didn't save much. Then I switched to piggy banks that we had to break when full( make of clay). That was very effective and I did do decent savings at the end.
It's been a long time since I have used them. I am mostly into cashless transactions these days.

 

[freelancermaria]

I never keep money in a jar, but I have a habit of putting change in a desk drawer, both at work and at home, sometimes I'm amazed when I see the drawer is almost full.

I can totally relate to that! There are times when I stash away some cash in my drawers and then completely forget about it. It's quite amusing when I stumble upon it unexpectedly. Haha.

Post automatically merged: Mar 14, 2024

I have one piggy bank where I throw my 10 and 20 pesos coins. I was able to save almost $700.I cannot believe my eyes. It's good to have a small savings at home. I started keeping coins in a piggy bank at age 11.

Wow, that is a huge amount of money! When I was younger, I had a piggy bank, but I did not really take it seriously. However, keeping small savings at home can be helpful, if done correctly. Of course, this may not work for everyone, since some people may find it easy to spend the money. Therefore, self-discipline is essential.

Post automatically merged: Mar 14, 2024

I once used a jar when I was young. I got the idea from one of the popular TV shows of those times. But then jar was easy to open and I would often get tempted to open and take out some to spend. I didn't save much. Then I switched to piggy banks that we had to break when full( make of clay). That was very effective and I did do decent savings at the end.
It's been a long time since I have used them. I am mostly into cashless transactions these days.

Jars are indeed easy to open, but if you lack self-discipline, you might end up spending the money you saved without even realizing it. It is quite tempting. Hehe. That is why piggy banks are a better option because breaking them open is not so easy. They help you save better without giving in to your impulses.

 

[arunima25]

Now a days, I am mostly into digital transactions and cashless transactions. I have one separate account where I keep all my online earnings. If there is something left in my regular account after all expenditure, planned savings and investments, I transfer that amount into the extra amount. I let the money grow there and use it only if there is an emergency. When it becomes a decent amount, I either buy something that I want to invest the accumulated money.

 

[eLdavis]

Though not in a jar, but I am also developing a habit of saving money for certain things separately from my personal account and spending account.

 

[Xtynehappy]

Yes l have one that l always toss some coins in them.

 

[Starmix]

I bought a new piggy bank. This new piggy bank is intended for my expenses during summer. I plan to go to Japan. I will not spend my money saved in the bank. I drip there 1000, 200 ad 500 peso bills daily.

 

[Augusta]

It might look old fashioned but if you can keep the jar without having to touch it impulsively on need, it would still save you bank charges if you had saved it in the bank.

Yeah it doesn't matter what you are using, the most thing is that you are setting aside money for the future which is very important

 

[arunima25]

I bought a new piggy bank. This new piggy bank is intended for my expenses during summer. I plan to go to Japan. I will not spend my money saved in the bank. I drip there 1000, 200 ad 500 peso bills daily.

That would be fun too. Those daily deposits there might not seem too much. But then over a period of time with the same financial discipline and consistency of depositing those bills in the piggy bank, you will end up having a decent savings. It's surprising at times to see how little pennies add up to a big amount. I am sure that you are going to have your visit to Japan very soon.

 

[Starmix]

That would be fun too. Those daily deposits there might not seem too much. But then over a period of time with the same financial discipline and consistency of depositing those bills in the piggy bank, you will end up having a decent savings. It's surprising at times to see how little pennies add up to a big amount. I am sure that you are going to have your visit to Japan very soon.

I was able to raise $700. I didn't mind how much I threw inside my old piggy bank. I am always thrilled to save some coins and bills.It becomes my habit hehe. I started doing it when I was a child.