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Saving money is a terrifying yet simple aspect of living if it is done in increments that coincide with subtlety and habit. To save while spending is something that is increasingly difficult in a world of electric transactions and check payments that does well to make spare change a thing of the past. Yet in order to save with a money box or a piggy bank, that non-existent spare change needs to return to your reality.

With this system of change, it's necessary to start with a key decision, piggy bank or money box?
If the piggy bank is already in hand, then they are a good container as the slot makes it fun to insert the change and a true piggy bank will keep the change guarded until it is broken open.
Aside from that there is any number of money box variations out there in the market, from simple to robotic, but that's only for those who want to spend more to save less.

Ideally, the best part of money boxes as an alternative to piggy banks is that there is no need to break a bank to get one; these money boxes come as easy as an empty and washed-out butter container. This open simplicity solves the first tedious elements of the infamous slotted piggy banks in that there is no slot, just a large opening that coins can be dumped into.
Of course in this manner it is also easy to get to the money, but there is no need to. This tip for saving money with a money box is that you won't be spending your change, ever.

The way this saving strategy works is that money spent will not be invisible quantities accessed through credit or debit card, but physical dollar bills. The bills in your wallet coincide with your budget for spending and there will never be a need to walk around with more than your decided daily limit.
In this way people remain aware of their financial self-imposed limits and are hesitant to spend more than they need, and are able to track their expenditures based on what they started the day with. The only thing is, received change is off-limits for spending and will be considered as a part of the money spent, and will immediately be placed in the money container upon returning home and forgotten.

With this method, spending more times for lower costing products is more effective than purchasing a group of required items all at once. For the sake of comparison, a person who goes to a store and buys up to a few dollars within their limit will only have a small amount of lesser bills and some change. A person who goes into multiple stores and buys less at each store can better pace their expenses and build a larger collection of change, and run lower on bills available to buy potentially unneeded items. When going home, the second person will be able to deposit a handful of change to their money box, compared to only a few coins from the first person, who may have used some of their money unwisely for items not really required. A person using credit or debit card will have spent as much as they chose to and not have received anything to save, potentially buying many things they didn't need.

In the end, the change considered as "spent" money from the expenditure portion of the budget will have instead simply been part of a savings plan. In time this money stored up can be recycled into a later spending budget or deposited in the bank. Either way, the principle of saving change rather than spending it will add up and contribute to future supply.

Learn more about this author, Morgan Carlson.
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