She Strengthens

The Power of Saving Spare Change

We’ve all had a piggy bank at some point in our lives, whether it’s a traditional pig-shaped bank or an old, empty jar. Having a designated spot to save spare coins is an easy way to build up a substantial amount of money over time. For me, saving coins is often simpler than setting aside larger bills, as it doesn’t feel like a significant sacrifice.

The Tangible Aspect of Saving

I believe that having a physical representation of our savings makes it easier to grasp the concept of saving money. Watching a jar fill up with coins makes saving feel more realistic, as you can see the progress firsthand. In contrast, online savings accounts, while convenient, lack this tangible aspect.

My Personal Experience

I’ve had a piggy bank since I was a little girl. My first one was a small, silver jar that held about $10 worth of coins. As I grew older, my piggy banks got bigger, and so did my savings goals. About six years ago, I started filling my largest piggy bank yet – a guitar-shaped bank with a picture of Elvis on the front. It’s taken me almost six years to fill it, and when it’s complete, I’ll have around $1,400.

Reevaluating My Goals

Initially, I planned to spend the money on a luxury item – a leather, caramel-colored Chloe purse. However, after reading about personal finance and setting new savings goals, I realized that spending $1,500 on a purse would be irresponsible. Now, I want to add my piggy bank money to my savings account to help meet my new, more adult-like goals.

The Value of Patience

I’m grateful that it’s taken me so long to fill my guitar bank. During this time, I’ve learned that changing and solidifying my financial goals is more important than the temporary excitement of buying an expensive item. I’ve come to understand that it’s okay to let old dreams evolve into new ones. And most importantly, I’ve learned that buying a Chloe purse is not worth seven years of saving spare coins.

A New Perspective

If I had filled my guitar bank sooner, I’d likely have a beautiful, caramel-colored Chloe purse collecting dust in my closet, and I’d still be $1,500 away from meeting my next financial goal. Instead, I’ve gained a new perspective on saving and spending, and I’m excited to see where my new goals will take me.