Tuesday, October 4, 2011

Bills and Coins

When I was a kid, my god-mother gave me a merry-go-round shaped coin bank as Christmas present. I liked it so much that I tried to save coins from my “baon” to put inside it. From then on, the habit of saving in a coin bank was born.

My first coin bank was made of carton paper. Then during College, I switched to using ceramic and glass bottle depending on which one was available. It felt more exciting to drop coins inside due to the “clanking” sound. Up to now, I’m still into this habit.

Why do I use coin bank? Well, I actually don’t save up for something; instead, I’m doing it for fun. Whenever I’m done filling it up, I spend it on something it can afford. The difference with the way I spend here is that I am more “lax” doing it. For the most part, I am a practical shopper, and hubby can attest to that. I spend time looking for good deals and will not settle for the first item I saw. The benefit I get from my coin bank is that I could spend it without thinking too hard, or for me I call it “mindless shopping”. This is my way of getting some little treats without breaking the bank. And in times I don’t have something to buy for myself, I use it to buy gift for hubby.

Before, I used to save 5 and 10 peso coins in my Starbucks bottle. Every time I do it, I ended up having a heavy purse due to the large amount of coins I have to change into bills. It became tedious and I have to wait for the coins to be all gone before I can start my next savings. This time, what I did is saving 20 peso bills to reduce the problem of heavy coins.  (And since I still would like to hear the clanking sound of coins, I have this small piggy bank to fill with silver coins... yeah... I know, I can't get over it)

To make it more fun, I have Reese and hubby join me as well. Reese is saving my 5 peso coins into her purple piggy bank, while hubby is saving his spare change into his Angry Bird coin bank. As expected, hubby is just doing it to save himself from carrying coins in his pocket. 

As we all know, guys are not really fond of coins. But my main goal is really for Reese to build the habit of saving (not for treats) and spending money the right way.  Reese, by the time you read this, I hope you're saving on your own already. :-)

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