Make Use of Piggy Banks
Most of us hate savings. The only reason we hate savings is that saving seems to be a slow process, and it can be very boring task if you want to accumulate a large sum of money. However, saving is a good way where you can collect your money for future use. And many people don’t know about the power of savings. Before this, I’ve also written an article which discussed about The Power of Savings.
You should know that by saving up a small amount of money little by little each day, you can accumulate a lot of money after a long time. This concept is the same as Butterfly Effect. I myself is using 2 piggy banks for savings. I will put some money into both of them everyday. One is for investment and business purposes, and the other one is for tithing (donation). You can set up a few piggy banks for yourself too.
Often, people only sees what lies in front of them, for them $1 everyday is a small amount and they think that by doing so everyday won’t help them rich. Well in fact even by saving up $1 everyday, it will accumulates and become a large sum of money after a long period. However it takes consistent action to do so. Look at the above piggy bank picture, you can create 4 types of savings just like it, the one uses for spending, saving, donation and investment.
By doing so, you can manage your money more effectively, you will know where you money flows into. For example, if you don’t separate the types of savings, maybe you will use up all of your saving in just spending, and non for donating and investment. But if you separate your savings, then you will know exactly where the money should be going. This way you can manage your cash flow more efficiently.
‘Why’ Is More Important Than ‘How’ Do You Have A Choice?
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I wanted to say thank you for adding tithing/donation to the list. I think too many of us are focused so much on gaining that we forget giving.
Hi Ann. For me if we want to receive, then we will have to give first. I believe in the Golden Rule of Life, “Do not do unto others what you do not want others do unto you”.
Thanks for comment.
Great Site. Keep up the great work.
[...] When it come to investing in books, seminars, stocks, or insurance products, they will think twice as they have to wait for future benefits. It is precisely for this reason that whatever money comes into their hands will soon be frittered away and not multiplied. (Tips, learn and Make Use of Piggy Banks) [...]
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I so agree with Ann that tithing is extremely important;
morally we give 10% of what we have to God and we’ll become blessed.
Anyone who doesn’t follow this rule usually don’t beleive in God and look at the downward spiral they fall into. Selfishness, greed, lust and immoral behavior over a piece of paper that states IN GOD WE TRUST.
I usually put the $15/$35 ammount every month.
$15 + 35 +15 + 35 = 100 x 6 months = $600/ $60 tithe
It’s that easy!