I think I’ve mentioned before that I’m a “super saver.” In fact, my husband and I both feel strongly about wise money management. We save faithfully, invest dutifully, and strive to give generously. And we do our utmost to keep spending to a minimum.
We believe that “little things” add up and we talk about our money goals regularly.
Here are just a few of the things we do to cut costs and keep our money “output” low:
- We don’t have cable TV.
- We rarely eat out.
- We rent or buy movies instead of going to the movie theater.
- We save up for quality items instead of contributing our money to the Target dollar bins.
- We don’t make spontaneous purchases. We read reviews. We discuss our needs. We think about it. We talk about it some more. THEN, we buy.
- We don’t take out loans or buy things on credit.
By being intentional about our choices, we hope to model good money management skills to our daughter so that she’ll grow up without having to feel the “weight” of debt or the stress that often results from poor money handling.
This is a topic I feel strongly about so I was pleased to recently have the opportunity to review the Moonjar Classic Moneybox ($24.95), a retro tin with three separate “banks” for saving, spending, and sharing. Essentially, the idea is to encourage your child to think about where their money is going when they receive it.
I like the concept overall. The three categories are fantastic and the idea of giving your child a “piggybank” or box of any kind is a good one. Our 2-year-old daughter already gets excited about putting money into the different compartments. That said, I think I would like it more if there were different “slots” for pennies, nickels, dimes, and quarters for easier calculating and transporting to the bank. I am assuming that this little box is geared to 5-10 year-olds, but it can easily be used with younger ones as well.
YOUR TURN: Leave your best money-saving tips. You can leave up to three separate tips for three separate entries.
WIN IT! One winner will receive a Moonjar Classic Moneybox ($24.95). To enter, leave a comment on this post [see above] prior to Tuesday, January 13 at midnight (don’t forget to follow the rules). * Winner must provide a U.S. mailing address.
*UPDATE* The winner is #76 HilLesha. Congratulations!