This Christmas I spent 1$ on this piggy bank, that doesn`t at all look like a piggy bank, but I have no idea what else you call it in English, in Norwegian it`s just called a “sparebøsse”, which doesn`t make much sense either, just that it`s something you save money in. Anyway, back to topic. I bought this in order to save some cash for my summer vacation, and I guess you`re all thinking, “why aren`t you saving the money in a real bank?” Well, here`s my answer. This “piggy” bank doesn`t have an easy way of taking out money whenever I need (i.e. want) it. I have to physically destroy by using a can opener to get to the money.
As for me, who is used to a 24/7 accessability to my online bank, having money on a savings account with literally no interest at all, can be too tempting. I don`t really earn anything by having the money in the bank, which makes it so much more “acceptable” in my mind to dip into. I do have a special savings account for holidays and vacations, and well, let`s just say it`s too easy to access them. That´s why I decided to save cash. Now do keep in mind, this is only for a short-period and for a limited amount of money. I do of course have more serious savings account that I never dip into, like my saving for-a-house account, or my emergency savings.
And before you ask, I`ve already paid for my airline tickets, and the accommodation is free, as it`s my parents apartment I`ll be living in. The money I`m saving up now is just for food, entertainment and shopping. So until June I`ll keep on saving cash. So far I`ve saved about 150$! And by adding some cash now and then the next three months, it`ll probably be a nice surprise when I eventually have to use that dreaded can-opener!
Do you ever go old school like me when it comes to smaller saving goals?