|
|
|
|
|
|
|
A Quck Lesson in Saving Money
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
Toronto Star, Canada - 6 hours ago
Here are some personal finance books that will help you with that difficult task and still provide an easy summertime read. Lana Marks Pulver and Kerri ...
Reuters UK, UK - Jul 7, 2008
Children will also be a key focus, the Treasury said, with more support for personal finance education in schools. "Many families are feeling the pinch as a ...
Investor's Business Daily (subscription) - 15 hours ago
BY TRANG HO Followers of the CAN SLIM investment system will be familiar with a key aspect of Franklin DynaTech Fund's stock-picking strategy. ...
Easier (press release), UK - 21 hours ago
Saga Personal Finance announced that it is now giving customers an even wider choice of high-interest savings products with the new issue of three ...
Trading Markets (press release), CA - Jul 7, 2008
Jul 07, 2008 (AME Info - McClatchy-Tribune Information Services via COMTEX) -- WU | Quote | Chart | News | PowerRating -- WESTERN UNION'S NEW AGENCY IN ...
SavingAdvice.com, WA - 6 hours ago
And we personal finance writers are some of the worst offenders. Personal finance books and articles often state the same obvious ideas over and over, ...
PR Web (press release), WA - 2 hours ago
Hands-on activities and technology resources give students an applied understanding of high school personal finance and economics. New York, NY (PRWEB) July ...
Sacramento Bee, USA - Jul 8, 2008
By Claudia Buck - cbuck@sacbee.com Everywhere you turn, it seems there's another pinch in the pocketbook. From gas to groceries, everyone's getting hit by ...
WalletPop, VA - Jul 7, 2008
by Josh Smith Jul 7th 2008 @ 6:30PM Mint.com is a personal finance site which provides the ability for you to link together all of the parts of your ...
MarketWatch - Jul 5, 2008
By MarketWatch In today's world, no one is guaranteed a secure retirement. But you can enjoy the comfortable, soul-satisfying retirement you envision. ...
Wind Chimes and more... The lists of bank and savings accounts that are available... Read More Most Americans have been brought up to be concerned about... Read More The judge had to ask the question, and we had... Read More During the last twenty years, banks have offered a number... Read More 1. If you have your haircut every 3 weeks, try... Read More Saving for a Down Payment is hard work, so it's... Read More Your boss has just informed you that your department is... Read More Between 15 - 20% of people in our country (UK)... Read More Identity theft is a serious crime that continues to grow.... Read More Would you be interested in freeing up 10% to 15%... Read More If you want money you need to learn how to... Read More Do you struggle from week to week trying to make... Read More I think most of us have at some point in... Read More I thought I was through with exams when I finished... Read More The Prudential has dubbed those who refuse to leave home... Read More Are you having problems with debt? Are you afraid to... Read More Frugal living is more than a lifestyle. It's a passion.... Read More Six Scholarship judges were sitting around an oval table. Forms... Read More Here are ten steps you can follow to help improve... Read More If you are the normal consumer, then you've probably experienced... Read More For me, the most terrible time of each month is... Read More Did you have a piggy bank when you were a... Read More Recently, many of these loyalty rewards programs have come to... Read More Our global society has had a wake up call in... Read More Recent security breaches at several credit card companies continue to... Read More
Windchimes
for great gifts!
Basic Bank Accounts Failing the Basic Needs of Consumers
Chex Systems ? Why Every American Needs To Guard His Checking Account With His Life
Portfolio Planning can Lead to Irreconcilable Differences
Debt Management ? Watch Out for Bank Fees!
10 Money-Saving Tips
How to Save for A Down Payment
Are You Ready To Be Fired?
Whats The Truth Behind Your Finances?
How To Protect Yourself Against Identity Theft
How To Free-Up 10% to 15% of Your Income
Improving Your Financial Position
How To Get Ahead On A Low Income
Budgeting your Savings - Did You Let Your Piggy Bank Get Away?
Risky Business: You May Not be as Daring as You Think
Make or Break Your Retirement!
Family Money Management: The Importance of Agreement
Money Saving Tips. Maximize Savings on Everyday Items!
Reduce College Debt with Scholarships
10 Steps To Improve Your Financial Situation
How To Survive The Grocery Shopping Blues
If All Things Are Possible, Why Cant I Balance My Checkbook?
A Quck Lesson in Saving Money
How To Reap The Rewards With Rewards Programs
Honor Those Who Serve with Checking Account Supplies
Identity Theft ? More Tips on How it Can Be Avoided
How To Reap The Rewards With Rewards Programs
Recently, many of these loyalty rewards programs have come to... Read More
Portfolio Planning can Lead to Irreconcilable Differences
The judge had to ask the question, and we had... Read More
Live Green; Save Green!
Have you seen the recent article on a new "green"... Read More
Budgeting Made Easy
Well, dang! From what I've heard and read, it looks... Read More
When do You Need a Financial Management Company on Your Side?
We live in a crazy world. Someone ought to sell... Read More
Budgeting is Bothersome
It doesn't take much for you to get behind on... Read More
Do You Know What Tomorrow Will Bring?
I've been sharing the following idea with people for a... Read More
Want Your Savings to Earn a Higher Rate of Return? Try Internet Banking
Doesn't it seem like the only impressive numbers we've seen... Read More
Budgeting Your Way to Financial Freedom
Financial freedom cannot be achieved without budgeting. Budgeting involves tracking... Read More
Knowing Me, Knowing You: Why ID Protection Plans Are Flawed For Fraud
ID theft is a major consumer concern, though there is... Read More
Grocery Savings - Your Kitchen is a Goldmine!
Your food budget is the most flexible area of your... Read More
Is There A Retirement Crisis?
When people speak about the increasing age expectancies, they generally... Read More
Saving Dimes Can Go a Long Way
On the other hand, there are those people who are... Read More
Save Money on your Clothing Budget. Tame the Closet Monster!
Reducing the clothing budget was a serious challenge for me.... Read More
Personal Finance - Have Consumers Had a Belly Full of Personal Debt?
For months, we were trigger-swipe happy, putting our groceries, clothes,... Read More
The Wonderful World Of Address Labels
Ever wonder where address labels come from? AveryŽ is perhaps... Read More
Planning Your Financial Future
Millions of people give a lot of thought to financial... Read More
Do You Really Need the Power of Money Management Software?
I have been a loyal user of Quicken(R) for more... Read More
How To Free-Up 10% to 15% of Your Income
Would you be interested in freeing up 10% to 15%... Read More
Five Secrets for Long-term Financial Success
Future financial success is not a guarantee that any one... Read More
Whats The Truth Behind Your Finances?
Between 15 - 20% of people in our country (UK)... Read More
How To Survive The Grocery Shopping Blues
If you are the normal consumer, then you've probably experienced... Read More
How to Save Money in a Grocery Store
Now there are ways to save money in the grocery... Read More
Money Saving Tips. Maximize Savings on Everyday Items!
Frugal living is more than a lifestyle. It's a passion.... Read More
UK Graduates Looking Short-Term At Their Long-Term Financial Responsibilities
With almost two thirds of university entrants from England and... Read More
Personal Finance |