Monday 16 March 2015

Money Boxes Are a Sinking Fund

Sinking funds are funds that you can set aside to grow over a period of time, so you can use them to pay off future expenses. The concept of investing in a sinking fund is not just for entrepreneurs and corporations. It can also be applied to personal finance, as in the case of saving money for emergencies. You can introduce the concept of saving money for a rainy day to someone as early as their childhood. Consider giving a money box to a child on his or her next birthday.

Money boxes are technically piggy banks, but their designs go beyond the typical pig-shaped coin bank. Contemporary money boxes come in various shapes and sizes to suit the personal preference of each child. Giving a money box to children might seem like a simple gesture, but it is a great way to teach them how to save money. Educating a child about money in an earlier age can make him more cautious and mindful of how he spends his allowance.

Different materials can be used to make money boxes. Silver-plated and porcelain money boxes are among the highest-quality worth giving away as birthday, christening, or as thank-you gifts. Once they are personalised, they can become extra special and are likely to be treasured forever. Money boxes that are designed like animals and automobiles are especially popular with children, so try to buy those. They are available online and can be engraved with a name or message.

Personalised money boxes can be a great souvenir for special occasions like weddings and baby showers, too. There are cute and trendy designs like princess crowns, carousels, stars, and ABC cubes to suit your taste or your theme. Just be sure to order personalised money boxes from a reputable online store that specialises in engraved and personalised gifts.

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