Piggy Bank Lessons

4/15/2020 11:00:00 AM

Piggy Bank Lessons from North Shore BankHere are a few fun and useful lessons about money for our little savers. There’s a message in each of these old sayings.

A Fool and His Money Are Soon Parted

If you buy a toy without comparing prices at different stores, you may pay more for it. If you spend your cash on gum and candy, you'll have nothing to show for it. It's important to be smart about how you spend your money and put part of it aside for something long-lasting, like a new bike or computer.

Saving for a Rainy Day

Rainy days can be gloomy and even spoil your plans. Much the same way, not having enough money to fix your broken bike or go on a shopping trip can keep you from joining in the fun. Save some of your allowance or money from gifts for unplanned events and you won't be left out in the rain.

It Takes Money to Make Money

If you deposit $1 into your savings account and leave it there, it will earn more money. That's called interest. But if you spend that $1 instead of depositing it, now you don't have the $1 or the interest it will earn. Keeping your money in your account will help your savings grow.

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