Do you save the "old fashioned way"?
I'm trying to set aside some money here and there to get a ps3. Whenever i get paid i usually set aside like $30 and put it in a jar until I have enough. Anyone else save for things like electronics, vacations, etc.like this instead of putting it in a bank?
I save that way for my baby son. I made him a little piggy bank out of one of his formula cans. I put all my loose change in it and when it gets enough to buy a share of Vanguard Total Stock Market Index I match it, cash it in and get him the shares in a account I've set up for him.
Someone sent me this thought my email a couple of days again and it got me to thinking about ways that you can save the old fashion way. I mean like our grandparents did by putting their money under their mattress and in mason jars and hiding it in the house somewhere. That's the old fashion way I am talking about.
Personally for me I just purchase a trash can bank at my local 99 cent store and when I get unexpected money in the form of lottery wins, repayment of loans, found money in coat pockets and such I just put the money in my trash can bank. I save money like that for 6 months to 1 year and then I use the money for either investing or vacation. So my question to you is how do you save the old fashion way?
Have a great Cheap Cheetah Day!