Do you save for a rainy day?
By snoopy04
@snoopy04 (718)
United States
February 29, 2008 10:56am CST
I thought this would be a fun discussion, do you save for a a rainy day? My husband and I keep a Ozarka jug in our kitchen that we put all our loose change in. My kids decorated it and love to put money in it. When my husband comes home from work, that is the first thing they do is put change in our "raint day jug". But some people think its just a silly idea to save for a rainy day since its just a figure of speech. I dont think its silly because I never know when I may need that money.
All our kids have piggy banks and we are trying to teach them that saving your money can pay off in the long run. My husband and I were able to buy a Wii for the family christmas present because we saved our money. So when we came across one we had the money and it didnt take away from our bills or groceries.I think it teaches kids that if you save your money that later on you can get something you really want or need, instead of buying something to get instant gratification on something you wont use.
So do you save for a rainy day as well?
3 responses
@ersmommy1 (12587)
• United States
29 Feb 08
We have a similar jug in our entry closet. Made out of A plastic powdered cappacino container. We used to put change in it all the time. Now most spare change goes into my daughters tootsie roll bank, Wii's are expensive. That's alot of saving! Congrats on that. Guess I'll have to set aside more change for our jug! That's pretty inspiring.
@snoopy04 (718)
• United States
29 Feb 08
It was a whole bunch of saving but we were able to make a household budget where everything was paid and maintain groceries and still put back for a Wii. Everybody chipped in and my kids were so happy when they were able to see what was under the Christmas tree. Now my four year old wants to save a tricycle for Christmas lol. But it can be done, so dont ever give up.
@gemini_rose (16264)
•
29 Feb 08
Yes we do save for a rainy day and we also teach our children to save too. I have a jar, but I keep mine in a safe, out of sight, out of mind, plus my eldest developed sticky fingers when it was left in the kitchen! But I empty my purse every day and put any change I have in it and then I count whats in my tin every month and bank it so I gain the interest from it as well. At the moment we are using the money to go toward two things, our holiday spends in May and then having the garden done in July. Our children have pocket money each week and every Monday I take them to the bank and they put a percentage of it away. No I dont think it is a silly idea, I think its very sensible and it also teaches children the value of money and that money has to be earned and saved to get what we want. The trouble for children is that because we provide for them as parents they do not realise that money has to be earned they just think that it is something that is always available.
@snoopy04 (718)
• United States
29 Feb 08
I totally agree with you because my ten year old daughter thinks that money grows on trees. My ex-husband will buy her whatever she wants because he has a good job and is able to. So she thinks that mom can do the same thing but mom cant so she gets very upset when we cant buy her expensive gifts. But she has a piggy bank as well and she has chores to do and she also helps out a friend of mine to make extra money by walking her dog or yard work or just helping her do some spring cleaning. It shows her to make money you have to have some sort of job. So now she is starting to understand the value of money.
@mollyrose (414)
• United States
29 Feb 08
I have tried but being poor and with no job at the moment ( have a one month old son to care for) I haven't had much luck saving off money. In the past i would store off $10-$20 from my paychecks and put them in a safe place and would often have up to $100 saved up for bills or something important. I will teach my son to save up whatever money he has because it is good when you find a good sum of money saved up.
