The Piggy Bank Concept I

Piggy Bank !! This is were most of our financial management start, saving every penny, collecting every bit of money you get from your folks, and then comes the day you have been waiting for, one of the most exciting day an our childhood days, where you break your piggy bank and get something you have been planning to get from the time you had got that empty piggy bank in your hand.

With a feeling of accomplishment you look at your broken piggy bank and feel proud of yourself when you see your favourate toy you got from the money you saved. Suddenly, you think of the sacrifices you had made like not falling to the temptation of that chocolate or that icecream and start thinking about what your mom had told you , "sacrifices lead to achievements." All these mixed feelings get you into a state of happiness. It will be a moment of joy for parents as well who get a feeling that they have thought their kid something great. In this way all through our childhood, we keep filling our piggy banks and breaking it.

Well, the days go by and one day we start earning ourselves and will be no more dependent on dad's pocket money. With all our experience of saving money and managing a piggy bank, we start listing the things to save for and plan up our saving, of course not in a piggy bank anymore but in a real bank. We live our life, curbing our temptations of buying expansive gadgets or going for an expensive dinner or going for some branded clothing,just to save for sommething. Most of the times, we dont actually know what we are saving for just like our childhood days where we dint really know what we were aving for, but when you save a big sum of money you do go get something for yourself or your folks with a same sense of pride and happiness as your childhood days.

This concept works very fine for you. Slowly, you get into a habit of listing your wishes for which you will be saving for, and when you reach your target ,you go pick the thing you had planned for. Again victory is yours. You get married, raise your kids, and pass on your money management skills to your kids. You get retired and your kid follows your footsteps and takes care of you.

Now, many of us indians wil have a similar story. You would ask me what actually is wrong over here. Wake up guys. This is an ideal case, but life is full of surprises, so it doesnt actually go the way we want it to.

to be continued...