When I was a kid, I remember my grandmother telling me that she’d often find a twenty-dollar bill in a coat or purse she hadn’t used for a while. I was absolutely amazed to think anyone could have so much money that she could lose track of twenty-dollar bills! The truth is my grandmother wasn’t wealthy, she was just very good with money. She didn’t spend it frivolously; she kept track of household expenses on paper; and she firmly believed in saving some amount – no matter how small – every week.
“Even if it’s only a dollar”, she’d say. I can still hear her words.
As a pre-teen, I opened a small bank account with my babysitting money. This absolutely delighted my grandmother. With a twinkle in her eye, she’d periodically enquire as to how much I had in my account.
Every Tuesday, she took a bus across town to visit us. After each visit, as she’d be getting ready to leave, she’d take out her purse and count out the coins needed for her bus fare home. It was then that she’d give me and my siblings a bit of spending money – a ritual we always anticipated with glee! As she handed it to us, she’d ask: “Will you save this?”
Of course, we couldn’t always answer with a definite “yes”. Sometimes, candy or a comic book was awfully tempting, and she understood that, too!
These days, savings accounts don’t pay anything close to what they used to then, and it must be a lot harder to convince a kid that his allowance will grow with interest. But the principle of saving “something – no matter how small – every week” is certainly timeless.
I have a feeling my grandmother is smiling down on me as I type. . . she’s nodding in agreement. . . and, of course, she has that twinkle in her eye!
O yes, we found money in nooks and crannies and pockets and behind pictures and under the carpet when my mom died. They weren’t wealthy. It wasn’t that they didn’t keep track of where it was. It was fear. After living through the 20’s they were scared not to have money hid around the house incase the banks failed again. Who would have thought we would see it happen again in OUR generation.
Yes, my grandkids know the value of saving money, but that’s because we make then earn their allowance and use it when they want to go to the show, or buy a game. Save it so you have it when you need it is what we have taught them. When my grandson messed up by racking up charges on the cell phone…after instructing him to be sure he was “in network etc” I made him pay the charges from his money. Best lesson he could have gotten. (Yes, I want him to have a cell phone. I want to be able to reach him if I need to, and vice versa. Proof that things are not the same as when we were “Party line kids”.
O yeah, I still get a kick out of slipping a buck to the grand neices and nephews when I see them. Some things never change..kids love to get unexpected money!
Seems I never forget money in a pocket or handbag. Maybe I’m a tightwad!
I’ve never thought of you as a tightwad!!
Since you were little, you’ve always been very good at making your money “stretch”. That’s a real talent – a gene from your great-grandmother, perhaps? 😉
great tips! honestly they are so valuable especially in this economic situation!
I rather enjoy saving change, esp pennies
Its nice to see it add up