Does putting your spare change in to a piggy bank count as savings?

Question ID: 17

Views: 245

Votes: 140

Winning: Side A

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may_the_force
Side A's Take

I take my spare change from my pocket every day and throw them in the piggy bank (a drawer). Every so often I will count it up and buy something I want with it. I'm basically saving spare change and then spending it on something big instead of spending it here or there on small stuff.

Vote for Side A
Side B's Take

Taking your change from you pocket each day and putting it in a drawer does not count as savings because the following day if you want to buy something you either have to use a note or take more money out of your bank account. Putting change away just means that money comes out of your bank account, is put into your drawer and then needs to be counted and brought back to the bank to get deposited back into your account or changed for notes. This means no money is actually saved.

Vote for Side B