Comments on: The Piggy Bank Mentality – Saving Money Every Day

By: cindy

cindy — Wed, 18 Aug 2010 03:19:52 +0000

I love this post. I tend to be a saver but have never thought about it in quite this way before.

By: Ducktight

Ducktight — Sat, 19 Dec 2009 17:45:14 +0000

What are you doing opening a can of soup for lunch?
This is just different version of eating out. If you cook a large pot of soup every weekend from scratch, then you can take it that work every day of the week for way less than buying the can. (Less waste and more nutritious too:)

By: cjbr549

cjbr549 — Mon, 14 Dec 2009 18:16:44 +0000

The small savings do add up. Brown bagging 4 days a week, assuming you have a generous 4 weeks a year vacation and you save 5 dollars each meal you brown bag nets you 960 savings per year. I installed a programmable thermostat that saves us about 30 dollars a month in combined gas and electricity for a yearly net of 360 dollars. That comes to 1320 dollars in savings per year, which can be banked or used to buy something that will give you more enjoyment than those 192 restaurant meals or the knowledge that your house is still 72 degrees while you are at work. I agree that the big things should be addressed first, but once you have those under control, the little things can add up. It all really depends on what a person values. Do you value an extra chunk of change in your savings, a new flat screen, or eating out every day? It’s a personal choice, but if you never think about the costs involved, you are not making a decision, you are being overcome by events. I spend money on things some think are frivolous, but I know when and how much I spend on that and make a conscious decision to do it with my entire financial picture in mind.

By: Gail

Gail — Mon, 07 Dec 2009 18:57:16 +0000

I believe the real value of actively engaging in behaviors that save relatively modest sums of money every day (like brown-bagging lunch or turning down the thermostat a tad) lies not so much in the actual amount saved but in helping to maintain the proper attitudes and mindset, which leads to looking out for and acting on opportunities to save money on the bigger things.

By: MasterPo

MasterPo — Mon, 07 Dec 2009 04:08:42 +0000

While I agree about saving in general, and I also agree that little savings can add up over time, your point is like trying to hold back the ocean with the perverbial broom.

You’re talking about saving pennies relative to the dollars that are hemorrhaging from your wallet.

The *real* heavy duty costs of your life – energy, food, insurance, and don’t forget taxes upon taxes! – you have precious little ability to control or avoid. That’s where your cashflow is spiraling down the tube.