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Information
Piggy Banking for Adults
By: Ajeet Khurana
Submitted: 2007-08-01 13:18:18
Print this article | Tell a friend | For publisher |
Submitted: 2007-08-01 13:18:18
Print this article | Tell a friend | For publisher |
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The passage of each year teaches us just a little more. Some of these lessons are learnt in Chemistry class. Others get crammed into our minds before the exams. Yet other lessons are learnt outside our classrooms. We learn to be less reckless and a lot more observant. We learn to take the initiative whenever we can. We learn the importance of being earnest. We understand the need to be honest and to be a person of integrity. These are universal lessons for everyone. Among these is the one where we learn about the value of money.
Remember our keenness to keep our coins in piggy banks of various shapes and sizes? Birthday gifts from loving uncles and aunts were shoved into the money box, as did the earnings from different errands that we ran. Coins and notes that we came across on our way back home also found their way into the piggy banks. After days and days, only when the piggy bank got heavy, did we finally decide to break it open. Then we spent hours thinking of how we should be spending that money. We wanted to get the most out of it. I think that is how a lot of us learnt about the value of money.
If you are hoping that you kid will understand the importance of money, and he is a little big for piggy banks, get him a savings account. It is a fantastic way of instilling in your child an appreciation of the value of money. Put some money in the savings account, give your baby a passbook, and watch him start managing his money bright and early. This will be a much better bargain than yelling at your child for having no idea of the value of your money. He will have no idea of the same if you do not give him a fixed budget. If you continue to complain, and simultaneously indulge him with the most expensive gifts, this is a lesson that your child will never understand.
How do you find a good enough savings account for your child? Now, there comes the easy bit. Banks everywhere are keen to get younger and younger customers. “Get them young”, as they say. This is the age group that they are trying to latch on to so as to build brand loyalty. Study the markets to find some good savings account plans for children and decide on the one that best fits the bill. Not only will a savings account teach your child the value of money, but he might soon take the burden of financial planning off your shoulders.
Get high interest saving accounts. Also get info on current accounts and the best bank accounts.
Remember our keenness to keep our coins in piggy banks of various shapes and sizes? Birthday gifts from loving uncles and aunts were shoved into the money box, as did the earnings from different errands that we ran. Coins and notes that we came across on our way back home also found their way into the piggy banks. After days and days, only when the piggy bank got heavy, did we finally decide to break it open. Then we spent hours thinking of how we should be spending that money. We wanted to get the most out of it. I think that is how a lot of us learnt about the value of money.
If you are hoping that you kid will understand the importance of money, and he is a little big for piggy banks, get him a savings account. It is a fantastic way of instilling in your child an appreciation of the value of money. Put some money in the savings account, give your baby a passbook, and watch him start managing his money bright and early. This will be a much better bargain than yelling at your child for having no idea of the value of your money. He will have no idea of the same if you do not give him a fixed budget. If you continue to complain, and simultaneously indulge him with the most expensive gifts, this is a lesson that your child will never understand.
How do you find a good enough savings account for your child? Now, there comes the easy bit. Banks everywhere are keen to get younger and younger customers. “Get them young”, as they say. This is the age group that they are trying to latch on to so as to build brand loyalty. Study the markets to find some good savings account plans for children and decide on the one that best fits the bill. Not only will a savings account teach your child the value of money, but he might soon take the burden of financial planning off your shoulders.
Get high interest saving accounts. Also get info on current accounts and the best bank accounts.
Article source: Expert Articles
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