Updated: August 22, 2011
I was putting some coins in my piggy bank last night when I realized it’s already full (again). Yay!
So I immediately took it to my work desk and counted them, all the while wondering how much I was able to save this time.
What I have is a Picky Piggy Bank – a place where I put only a specific coin denomination, which makes saving coins a little bit more fun. 😀
The last time I opened my piggy bank was in November 2010, wherein I was able to save P2,085.00 worth of 5-peso coins within five months.
This time around, it took me around nine months to fill it. It took a little longer because I changed my coin saving rules.
Last time, whenever I come across a 5-peso coin, I was NOT allowed to spend it because it should immediately go to the piggy bank at the end of the day.
But this time, I allowed myself to spend them, and use the coins as needed throughout the day. This made it less “difficult” to save because I didn’t have to be conscious about what I give whenever I’m out.
Thus, for this period, I only had two basic rules:
- Spend normally, but at the end of the day, all 5-peso AND 10-peso coins MUST be put in the piggy bank.
- Whenever I come across a NEW Philippine Peso bill, I am not allowed to spend it and MUST be saved.
Notice the addition of the 10-peso coin and the new Philippine bank notes to my saving rules. I know a lot of people who have also been saving the new bills and I thought, why not do the same, right?
So how much was I able to save this time around?
The coins, a mix of 5-peso and 10-peso coins, summed up to P2,155. While the paper bills amounted to P1,030. Which gave me a handsome total of P3,185 in savings.
Not bad I should say, considering that it took very little (and almost unnoticeable) effort on my part to save that much.
The next question now is, where is all this money going?
Well, I’m planning to open a BDO Investment Fund soon, so this amount will definitely go there.
How about you? Do you have a piggy bank at home? How much have you saved so far?
Get more personal finance stories like this by subscribing to Ready To Be Rich.