A Quck Lesson in Saving Money

Did you have a piggy bank when you were a child? I did. Mine sat empty for a long time until my mother convinced me that I should really start putting my pennies and nickels into it in order to save my money for when I was older and wanted to buy something.

So, I did. I had about forty cents on me from the sale of some baseball cards to one of my friends (probably a Reggie Jackson Rookie Card or something worth thousands today) and I plunked it into the piggy bank to save money for "when I was older." The next day I went to my mother and asked her, "How do you pray?" She was definitely taken aback by the question (I was probably five or six years old at the time), but gave me a long religious discussion about talking to God and waiting to hear an answer, the whole nine yards. I was puzzled by this response and asked my next question, "But how do you pray open?" She asked what I meant, so I went and got my piggy bank to show her the disc on the bottom which had a small slot perfectly sized for the insertion of a flathead screwdriver, upon which was stamped the phrase PRY OPEN. I was, after all, a day older and I wanted my forty cents for the ice cream man.

Too many people seem to have this same, childlike attitude toward saving money. They may open a savings account or even a CD account with the best intentions of saving money until they're "older," but find themselves making more withdrawals than deposits and, in the case of CD's and IRAs, sometimes paying hefty penalties to the bank. If you're one of these people, I implore you to stop.

Put down that screwdriver (withdrawal slip), and walk away so you can save money. The ice cream man (or new TV, stereo system, DVD player or whatever) may look pretty good now, but you'll probably want to have those funds when you're older and on a more limited income. Don't pry open your bank account ? the piggy bank for adults ? before your time. Heck, maybe you'll get better results by trying to pray it open instead.

Investment Tips by Mika Hamilton ? Read more free investment tips, tutorials & reviews at http://www.Global-Investment-Institute.com

10 Money-Saving Tips

1. If you have your haircut every 3 weeks, try... Read More

10 Quick And Cheap Ways To Cut Your Heating Bill

When you received an energy (heating) bill last winter, were... Read More

10 Steps To Improve Your Financial Situation

Here are ten steps you can follow to help improve... Read More

10 Steps to Take if You Are a Victim of Identity Theft

There have been an estimated 9.9 million victims on America... Read More

10 Tips to Make Sure Your Financial Budget Will Succeed

You've analyzed your past expenses, put them into spreadsheets, loaded... Read More

10 Tips To Save Money When Dining Out

Here are some tips that can help you save money... Read More

5 Steps to Healthy Spending Habits

Next to our physical health most of us are primarily... Read More

5 Ways to Absolutely Destroy Your Finances!

Ben Stein has a book called How to Ruin Your... Read More

7 Simple Ways To Save Money

Each of us knows how to spend money, but do... Read More

A Fresh Start for Family Finances in 2005

While 40% to 50% of us make New Year's resolutions... Read More

A Quck Lesson in Saving Money

Did you have a piggy bank when you were a... Read More

Accessing Funds You Never Knew You Had- Household Utilities and Mortgage Expense Reduction Plan

For most of us the process of getting out of... Read More

Adverse Debt Levels Blight UK Consumers Personal Finances

Debt levels are at an all time high in the... Read More

Affording a Home

Can you really afford a house? If so, how much... Read More

Are You Ready To Be Fired?

Your boss has just informed you that your department is... Read More

Are You Sick of the Financial Insecurity of Fluctuating Seasons and Income?

Finding a stable and secure income that will come year... Read More

Avoiding A Nightmare On Renovation Street

You've decided you want a bigger, better and more desirable... Read More

Bank On It: Places to Hide and Invest Money

Today I passed a thermometer at a bank that read... Read More

Bankruptcy Chapters Explained

Chapter 7The potential chapter 7 debtor should understand that a... Read More

Bankruptcy Laws Get Tougher - More Expensive

If you've been thinking about filing for bankruptcy, your best... Read More

Banks Are More Than Just A Place To Park Your Money

If you've been to a shopping mall lately, you've probably... Read More

Basic Bank Accounts Failing the Basic Needs of Consumers

The lists of bank and savings accounts that are available... Read More

Benefits of Personal Finance Software

In this age of information, keeping track of your finances... Read More

Budget Planning - Its Elementary My Dear Watson

Does it feel like you have to be Sherlock Holmes... Read More

Budgeting -- The Critical Flaw That Causes Most Budgets to Fail

Budgeting. It's a word we're all familiar with. Everyone knows... Read More

Budgeting Before Buying

With interest rates being at an all-time low, I can... Read More

Budgeting is Bothersome

It doesn't take much for you to get behind on... Read More

Budgeting is Essential for a Single Mothers Success

Today many women are struggling with debt and it's even... Read More

Budgeting Made Easy

Well, dang! From what I've heard and read, it looks... Read More

Budgeting the Key to being Financially Stable

Single Mother's in need of Financial GuidanceBudgeting is key to... Read More

Budgeting Tips to Save Real Money

Sticking to a budget can be difficult, but with so... Read More

Budgeting your Savings - Did You Let Your Piggy Bank Get Away?

I think most of us have at some point in... Read More

Budgeting Your Way to Financial Freedom

Financial freedom cannot be achieved without budgeting. Budgeting involves tracking... Read More