Direct Energy Directs the Savings to Your Piggy Bank! (2024)

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Direct Energy Directs the Savings to Your Piggy Bank! (1)When Direct Energy asked me to share some of theirNew Year’s deals with you, I realized it was the perfect time to share my own family’s efforts to save money and get a little smarter about budgeting.

You see, we’ve recently started this crazy business of trying to teach our children responsible saving. I won’t lie: this is primarily inspired by our upcoming trip to Disney and my kids’ intense desire to buy ALL of the Mickey Mouse Mr. Potato Head parts they’ve heard rumors of the toy stores carrying. Maybe don’t tell my husband about all these planned spud-related purchases; let’s just silently pack an extra bag and break it to him gently after we’re there?

In any case, their desire to get their shop on was the perfect opportunity to roll out an important life lesson: if you want something, you need to save for it. So we rolled out a simple coin reward system that encourages good behavior with the addition of coins to their jars. Unseemly behavior results in taking away coins. Largely, it has worked really well. Except for the panicky moments during the morning dash to school when I madlyvacillate between absurd pleas and threats: “If you buckle yourselves in in five seconds, you each get 3 coins!” “If you ever touch your brother again, you will lose ten coins!” Mommy’s sense of reason tends to be a tad off when there are excessive coats and mittens to manage before she’s had her whole dose of coffee.

While there are less coin jars in the world of adult budgeting, the concept of needing to save money is the same. And the new year is the perfect time to kick off a fresh budget and get more serious about banking your cash instead of spending it, especially on unnecessary purchases.

One unnecessary purchase that is super easy to cut? Overpriced energy! Electricity is something that we rely on in our homes, and is a regular, necessary part of our budgets. However, this doesn’t mean that we can’t save money when paying for electricity.

Direct Energy Directs the Savings to Your Piggy Bank! (2)

Using this current fab deal from Direct Energy if you live in Pennsylvania can help you bank way more of your hard-earned cash.Direct Energy has special offers in PA the month of January! InPennsylvania – Save up to 16%* over MetEd’s electricity rate, and up to 12%* over Penn Power’s electricity rate. There’s more! Save up to 10%* over Penelec’s electricity rate! That’s some sweet savings.

Why is Direct Energy such a smart choice? It offers a fixed-rate energy plan: your electricity rate won’t fluctuate throughout your contract term. Even if you aren’t a PA-resident,Direct Energy offers different savings depending on where you live – plug in your zipcode on the landing page to learn about the offers available in your area. You can also score big with Direct Energy as it’sthe only energy provider to be a part of Plenti, which allows you to earn monthly rewards.

So check it out! Snaggingthe best deal on electricitycan create a ton more wiggle room in your budget, helping you save money for the important things on your list—be them of the Mr. Potato Head part nature or otherwise 😉

Go get your energy savings on, friends!

Direct Energy Directs the Savings to Your Piggy Bank! (3)

*All savings refers to the current difference between Direct Energy’s fixed rate offer and the Utility’s current Fixed Rate for Basic Service as of January 8, 2016, and does not include any other component of the electricity bill. Utility rates are subject to change and there may be no savings following the respective official utility rate change date. Direct Energy’s fixed rates include electricity supply charges only and excludes delivery/transmission charges, taxes, and all other utility-related charges. Offer is limited and valid for new residential customers only.

***This post is sponsored by Direct Energy, but my excitement for saving on my energy bill is all my own!***

First image credit: depositphotos.com, image ID:10842843, copyright:andresr

Second image credit: depositphotos.com, image ID:2017607, copyright:johnkwan

Third image credit: depositphotos.com, image ID:9323592, copyright:sbworld7

Direct Energy Directs the Savings to Your Piggy Bank! (4)

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Meredith

Meredith blogs at The Mom of the Year, where she dedicatedly earns her title one epic parenting fail at a time, offering quick, relatable laughs for fellow parents and all their empathizers. She has been part of several best-selling anthologies, featured on prominent sites such as Huffington Post, In the Powder Room and BlogHer, and loves her role as the Executive VP/Operations Manager of The BlogU Conference. When she's not breaking up fights over Legos and juice boxes, she remains fully committed to sharing a less serious look at the world of parenting.

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Direct Energy Directs the Savings to Your Piggy Bank! (2024)

FAQs

Is a piggy bank a good way to save money? ›

Nothing prevents you from putting the piggy bank's savings into your savings account! The visual aspect of seeing the heap of money after the savings exercise is very rewarding. Piggy banks are an excellent educational tool to help young children perceive the benefits of savings.

What is the piggy bank method? ›

The jam jar method (also known as piggybanking or using savings pots) involves dividing your money into separate pots for different expenses. It's a great way to make sure your bills are covered and your money goes exactly where you want it to.

What are the advantages of putting money in a piggy bank? ›

Piggy banks offer an opportunity for children to set financial goals and work towards achieving them. Whether it's saving for a toy, a treat, or a more significant purchase, children can allocate a portion of their earnings or allowances to their piggy banks, gradually accumulating funds until they reach their target.

What are some disadvantages of saving your money in a piggy bank? ›

Here are the five biggest problems with a piggy bank:
  • A piggy bank doesn't pay interest. Kids should learn that their savings should be put to work and not just sit there!
  • A piggy bank isn't really that secure. ...
  • A piggy bank doesn't allow you to automate anything. ...
  • A piggy bank is clutter. ...
  • Cash.

Is it worth having a piggy bank? ›

Piggy banks are the original rainy day fund, and help children learn a lot about the value of saving. It's better to start a child off with positive amounts and let them learn how to manage, and for that, a piggy bank can be very helpful! It also helps keep the saved money out of sight and thus out of mind.

How much money is in the average piggy bank? ›

Storage capacity. On average, piggy banks store anywhere from 100 to 1,500 coins. Some include their actual storage capacities, namely high-tech and other modern designs.

Are piggy banks still a thing? ›

Modern piggy banks are not limited to the likeness of pigs and may come in a range of shapes, sizes, and colors. They are most commonly used by temples and churches because they are locked money boxes with narrow openings to drop cash or coins.

How can I withdraw my money from piggy bank? ›

Simply log into your account and click on the withdraw option, then input the amount you want to withdraw.

Why do we say money in piggy banks? ›

AT ONE time, people used to keep their money in pots made of a type of earthenware called pigge. These so-called 'pigge banks' were not at first made in the shape of pigs, but presumably some manufacturer thought it was funny to do so. Peter Morris, Norwich.

How much cash can a piggy bank hold? ›

Most standard piggy banks can hold hundreds of dollars in loose change, and that's not to mention the jars, jugs and other repurposed objects preferred in some homes for storing pennies and dimes.

Why would a bank be a better place to save money than a piggy bank? ›

With a bank account, your kid will have lots more to do, such as keeping track of his bank statements and filling out deposit slips. The advantage is that your child gets the exposure to the banking system and processes that he wouldn't get using a piggy bank.

How much money should you keep in one bank? ›

For the emergency stash, most financial experts set an ambitious goal at the equivalent of six months of income. A regular savings account is "liquid." That is, your money is safe and you can access it at any time without a penalty and with no risk of a loss of your principal.

How do I split my money? ›

Try the 50/30/20 rule as a simple budgeting framework. Allow up to 50% of your income for needs, including debt minimums. Leave 30% of your income for wants. Commit 20% of your income to savings and debt repayment beyond minimums.

What is relationship piggy bank? ›

Just like a regular bank account, you make deposits and withdrawals. The Emotional Piggy Bank concept, introduced by John Gottman, suggests that healthy relationships thrive when partners consistently make emotional deposits into each other's accounts and minimize emotional withdrawals.

What is the superstition about piggy banks? ›

To this day in some European countries, notably in the Netherlands and German speaking countries, it is customary to give piggy banks as gifts because pigs are associated with luck and good fortune. At New Years, so-called “Lucky Pigs” are still exchanged as gifts.

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