Ditch the Piggy Bank

Do you keep your money in a piggy bank, a drawer or tucked somewhere safe at home? Maybe you should ditch the piggy bank and keep it in a savings account at your credit union. In reality, the best place to keep your money, especially if you have a lot of it, is at your credit union.

Keeping a lot of cash lying around is risky, you never know if it’ll get lost or be stolen. If you’re lucky enough to have $100.00 or more saved, it might be time to mom or dad to open a savings account for you. Here’s why it’s a good idea:

  • Monthly statements
    Your credit union sends you a monthly record that lists your deposits, withdrawals, and current balance for the month. Having a statement gives you a better idea of what you have and is easy to use.
  • Earning interest
    When you have money in a savings account, your credit union pays you for letting them keep your money there. That’s called interest. Might as well have your money make money for you!
  • Out of sight
    Having your money in a savings account will make it a bit harder to get to; making it easier to ignore those impulse buys. When your money is out of sight, it’s out of mind and is able to earn even more money for you!




Where do you keep your money?