There’s this Visayan time tested saying or quote, proverb famous among businesses “bahala na gamay basta kanunay” in plain English translation it means “no matter how small it is, for as long it’s earning everyday” without a doubt, this kind of business practice can serve as application as to your piggy savings bank account.
You might this above-mentioned piggy savings bank and money tips somehow twisted and crazy-but somehow it works! Let me show an example: The scenario: a colleague of mine and a friend made as a custom made four wooden square box sized piggy savings bank for us a challenge, whoever among us can save and reach a certain amount of our target savings estimate for a year, well be treated with an undisclosed reward-whatever that means!
Anyways, after the piggy banks were done, we were tasked to drop 5 and 10 pesos coin variations everyday and a crazy thing about it – our friend secured the piggy bank with a lock in it and threw away the key! According to him, he does not want to get tempted by dipping his hands in his hard earning savings, doing so would result in unnecessary, unneeded petty, abusive withdrawals, I guess it worked for him somehow.
What I did to mine was this – I dropped 1, 5, 10 pesos variations everyday when I come home from work, no matter how much coins I was carrying around, left either by bulk or by loose amount, I see to it and make sure it would go straight in the piggy bank. I started saving around November 2013, just last year, then, by last month of March going to first week of April 2014 my hand squeeze through it’s 1/4 partial depth full. Not bad. I haven’t count it yet, I’ll probably wait for it to simmer until December or ’till it reaches for a year. I also have another piggy bank with small loose coins of 5, 10, 25 centavos too.
It was reported, some gasoline stations nearby will change your any amount of coins and exchange, convert it to bills immediately. Their reason: They badly need these coins for easy handling of day to day transaction change/s to customers refueling their vehicles. Remember gas price increase and decreases at a given time with two decimal place values and that’s how important coins are.
The bottom line is, giving utmost importance and value in saving, making it a positive habit – attitude, bearing in mind – a yardstick guide in making important financial decision, needed in times of crises, for rainy days and emergency uses, perhaps using this savings tips for other investment and financial instruments, whether you’re planning for early retirement and later reap it’s benefits, anything to get leverage and profits going from your savings worth.