Would A Crazy, Wacky Piggybank Help You Save More?

by Hank Coleman

crazy piggybanks help you save moneyI was walking around Target the other day when I ran across this shelf of piggybanks that are featured on this picture. And, I just had to snap this picture. I wondered if having a personalized piggybank will help inspire you to save more money. I have a jar sitting on my dresser that says “casino money” right on the front of it. It is one of many that you can buy that lists what your savings goal is. I have seen others that say things like “new car”, “down payment”, “vacation”, etc. Mine just happens to say “Casino Money” because I have a secret addiction to Las Vegas and Blackjack (now you know a little something extra about me!).

So, my question to you is, “Do you think that crazy or specialized piggybanks help you save money?” I like to think that personalized piggybanks are like nicknaming your savings accounts which I am a huge fan of. I think that if you list exactly what your account is for or why you are saving, then it will help you stick to your savings goal even more.

What is your savings goal? Do you make nicknames for your savings accounts? My bank lets me change the names of my accounts and list what I am saving for. For example, my wife and I have an Apple iMac laptop account, a Hawaii vacation account, and a London Olympics 2012 account. I think seeing a name or purpose against an account balance helps me from raiding it. What about you? I’d love to hear what you think in the comment section. Do you name your accounts? Do you have a piggybank with devil horns? Let me know!

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About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and is currently pursuing his Certified Financial Planner credentials. Email him directly at Hank[at]MoneyQandA.com.

Hank Coleman has written 545 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.

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