How To Save More Money In Your Piggy Banks

Years ago, piggy banks are popular ways to store loose coins. Now, you can still use this to save money, not just loose coins and deposit the entire amount when it is already full.

Here are some simple strategies on how to add savings to your piggy bank.

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Drop all loose coins as soon as you reach home. When I go grocery shop, I take a lot of coins with me since cashiers use these change down to the last cent, which makes my wallet burst with coins. So keep a minimum coins in your wallet and save the rest on your piggy bank.

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Sell your unwanted items. Hold a garage sale, sell your stuff in craigslist or Ebay. You may find it challenging at first, especially if you haven't done this before, but this is another way to make money. This will also help you get rid of clutter at home.

Reward yourself by saving a specific amount. No need to achieve big victories, just simple ones will do. For example, save $5 after doing a spring cleaning in your room, or save $10 when you lose four pounds in a month. You can make your own 'victory list' with corresponding amounts so you can fill your piggy banks in no time. Isn't that a fun way to save more money in your piggy banks?

Drawdown Dangers – What It Means To Traders

Drawdown is a word that is feared and hated by every trader, but it is an inevitable part of playing the markets. It is simply how much your account loses from its peak. Suppose you start with $10,000 in your account, and after a succession of losses the account goes down to $7000. That means you have lost $3000, or 30% of the original starting $10,000, and therefore your drawdown is 30%. Drawdown is relative to where your account peaks, so say you had a good run and built the account up to $12,000, then lost $3000 again, bringing it down to $9000. Your drawdown this time would be $3000 from $12,000, or 25%. Maximum drawdown corresponds to the lowest your account ever hits. Sometimes you will see trading strategies detailing how much maximum drawdown is expected to be when using them – usually the more risky strategies will anticipate a greater drawdown while expecting a higher profit on average. Drawdown is particularly dangerous because, the way statistics work, you ...

How to Secure the Future of Your Child with Special Needs

If you have a child who is differently abled, you will agree that leaving your child with no financial support in the future is very daunting. Believe it or not, you can prevent this from happening by securing a special needs fund for your child as early as now. Because a child with special needs may be disqualified for public benefits, the aim of this type of trust fund is to give a convenient lifestyle to them without limiting their access to all available benefits. Generally, the creation of this fund is structured to supplement any assistance the government may provide concerned children in terms of clothing, food and shelter. The four important components of this trust fund are the asset, the beneficiary, the trustee and the purpose. The asset is the special needs resources that will be placed in a trust. The beneficiary is the concerned child while the trustee is someone who will be in charge of the disbursement of the funds. Meanwhile, the purpose serves as th...

Ways To Keep Yourself From Spending Money

It has always been easy to spend than save. Everyone can attest to the truth of this statement. Although it could be hard, certain things can still be done to ensure that you have enough savings for the rainy days. Below are a number of doable strategies which you can observe every time the urge to spend strikes you. Refrain from making shopping a means to get your needs satisfied. Rest and eat when you need to. Do take some time off to meditate on the things which you need to settle. Remove the phrase shopping for fun from your vocabulary. Do away with credit cards. Just use cash. Create one meaningful goal that is worthy of the amount that you choose to spend. Perhaps, you wish to take further studies on arts or music. Save up for your class fees and nothing more. Never head to the department or grocery store without a shopping list. If you have or use one, stick with the things you need to buy. Pay your bills early before you could spend the money you have at hand on somet...

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