Did you have a piggy bank when you were a child? I did. Mine sat empty for a long time until my mother convinced me that I should really start putting my pennies and nickels into it in order to save my money for when I was older and wanted to buy something.
So, I did. I had about forty cents on me from the sale of some baseball cards to one of my friends (probably a Reggie Jackson Rookie Card or something worth thousands today) and I plunked it into the piggy bank to save money for "when I was older." The next day I went to my mother and asked her, "How do you pray?" She was definitely taken aback by the question (I was probably five or six years old at the time), but gave me a long religious discussion about talking to God and waiting to hear an answer, the whole nine yards. I was puzzled by this response and asked my next question, "But how do you pray open?" She asked what I meant, so I went and got my piggy bank to show her the disc on the bottom which had a small slot perfectly sized for the insertion of a flathead screwdriver, upon which was stamped the phrase PRY OPEN. I was, after all, a day older and I wanted my forty cents for the ice cream man.
Too many people seem to have this same, childlike attitude toward saving money. They may open a savings account or even a CD account with the best intentions of saving money until they're "older," but find themselves making more withdrawals than deposits and, in the case of CD's and IRAs, sometimes paying hefty penalties to the bank. If you're one of these people, I implore you to stop.
Put down that screwdriver (withdrawal slip), and walk away so you can save money. The ice cream man (or new TV, stereo system, DVD player or whatever) may look pretty good now, but you'll probably want to have those funds when you're older and on a more limited income. Don't pry open your bank account ? the piggy bank for adults ? before your time. Heck, maybe you'll get better results by trying to pray it open instead.
Investment Tips by Mika Hamilton ? Read more free investment tips, tutorials & reviews at http://www.global-investment-institute.com
green cleaning service Park Ridge ..If you were to ask 100 women "What would you... Read More
Did you have a piggy bank when you were a... Read More
The price of gas continues to climb, and with continued... Read More
It is widely written that you need 75% of your... Read More
Most Americans have been brought up to be concerned about... Read More
Here are some tips that can help you save money... Read More
Developing and living by a household budget is by far... Read More
Chapter 7The potential chapter 7 debtor should understand that a... Read More
I've been sharing the following idea with people for a... Read More
Car donations and used car donations are the way many... Read More
Are you a check fanatic? Don't worry, you aren't alone.... Read More
Many people spend their little income haphazardly without any planning... Read More
Saving money is not easy and is made more difficult... Read More
Here are ten steps you can follow to help improve... Read More
An avid cyclist and bike racing fan, I sit transfixed... Read More
1) HOW TO LOOK FOR A JOBA) The Chronological Curriculum:1.... Read More
You no longer look at the pictures of homes cause... Read More
I'm still amazed every time someone comes to me complaining... Read More
Your food budget is the most flexible area of your... Read More
Holy Shenanigans! More STUFF?Loosing one's business due to lack of... Read More
The Prudential has dubbed those who refuse to leave home... Read More
The British government at the beginning of this year officially... Read More
To save on food, be an opportunist. Buy what you... Read More
You have probably accomplished a great deal with your life.... Read More
Single Mother's in need of Financial GuidanceBudgeting is key to... Read More
cleaning help near Bannockburn ..It is possible to eat a healthy, balanced diet without... Read More
We have heard a lot about consumers' personal information getting... Read More
I'm still amazed every time someone comes to me complaining... Read More
Saving for a Down Payment is hard work, so it's... Read More
Of course, these don't have to be done in any... Read More
As the saying goes: "Buyer Beware". If you see ads... Read More
It doesn't take much for you to get behind on... Read More
Would you be interested in freeing up 10% to 15%... Read More
Have you seen the recent article on a new "green"... Read More
With prices increasing all the time, saving money can be... Read More
Many don't realize that our basic utility bills provide the... Read More
I have to admit, I do it too. I complain.... Read More
Get Access to Realistic profitable strategies & discover the mindset... Read More
If you recently became a single parent and see your... Read More
Shopping for groceries is an inevitable fact of our ever... Read More
If you've been to a shopping mall lately, you've probably... Read More
Are your financial muscles well toned and healthy or flabby... Read More
Recently, many of these loyalty rewards programs have come to... Read More
I have been a loyal user of Quicken(R) for more... Read More
The judge had to ask the question, and we had... Read More
Now that we are in the month of June I... Read More
Confused about whether you can contribute to a Roth IRA?... Read More
Future financial success is not a guarantee that any one... Read More
**If it's Spam, it's a Scam!- If it sounds too... Read More
If you, like most people, have not seriously considered what... Read More
Personal Finance |