Get yourself a 'Mortgage Pig'

tomstickland

I'm sorry to be negative about this, but I don't really understand why saving loose change/cash in a physical container is seen as being a good way of saving (for whatever reason, not just mortgage). The value of money doesn't change when it's loose change compared to a number on the bank balance. I prefer to just look at my spreadsheet and make a decision on how much I am going to allocate or save.

comping_cat

tomstickland wrote:

I'm sorry to be negative about this, but I don't really understand why saving loose change/cash in a physical container is seen as being a good way of saving (for whatever reason, not just mortgage). The value of money doesn't change when it's loose change compared to a number on the bank balance. I prefer to just look at my spreadsheet and make a decision on how much I am going to allocate or save.

Before i had my mortgage pig, any loose change just stayed in my purse, and was spent on goodness knows what. Now, it goes into the pig, along with any savings i can make (for example, a coupon for money off a product, that saving will now go in the pig, if i make dinner instead of having a takeaway, the savings from that go in too).
So, im not actually saving money that i would normally have available for savings, im just using any money i have differently and thinking about whether i really need to spend something before spending it!!!! Having a 'physical container' also reminds me that i have a goal and encourages me to think about it, rather than spending on things that i can do without.

kiwi88_2

catowen wrote:

So, im not actually saving money that i would normally have available for savings, im just using any money i have differently and thinking about whether i really need to spend something before spending it!!!! Having a 'physical container' also reminds me that i have a goal and encourages me to think about it, rather than spending on things that i can do without.

:T Couldn't have said it better myself catowen :T

pigpen

What a great way to put it.

XX

ladykibby

I am going to the building society today to pay the December overpayment of £150.00 WOW !!!!!

This is loose change we put in our mortgage pig, I can't believe it.!

Thanks for suggesting such an easy method of paying me mortgage off.

tomstickland

Well it depends how you think. Best of luck with your physical containers!

gallygirl

Different strokes for different folks..... it's not as if we name them or anything .

Seriously, I transfer money regularly on line to mortgage account. But having [STRIKE]peefer [/STRIKE] a physical container reminds me of what I'm trying to achieve - results in less loose change to put in it as I'm spending less so more left in bank at the end of the month to do it 'the grown up way'.

slowlyfading

hows everyone doing? I'm going to get a pig in the sales, and start my own pig! Though it wont be for a mortgage, as I dont have one yet! its a great thread though, and i'm really impressed on how much you people can save!
nicola x

pink_fairy_7

Welcome slowlyfading.

Just came on to wish catowen a Happy Birthday :bdaycake: and to wish every one a good Christmas. :xmassign:

pink fairy xx

comping_cat

Thank you pink fairy, thats lovely that you noticed!!!!

:xmastree: :snow_grin I would like to wish everyone a lovely christmas too, and a happy new year, with many happy, full piggies!!!!!:snow_laug :xmastree: