No flashy lights, no LED bulbs, no Bluetooth. There really isn’t much to the 50/50 except it stores money, a habit that seems to have gone out of vogue.
The novelty of this particular ‘savings bank’ is there are separate parts for different future expenditures. As indicated by the pic below, each of the two parts can be designated via a small white board.
Design and Functionality
The 50/50 savings bank is designed with simplicity in mind, which is part of its charm. Unlike modern digital savings tools, this bank relies on a straightforward, tactile approach to saving money. The two compartments allow users to allocate funds for different purposes, such as one for short-term goals like a new gadget and another for long-term savings like a vacation or emergency fund. The small whiteboards on each compartment make it easy to label and keep track of your savings goals.
However, the 50/50 doesn’t seem to have a capacity for hoarding lots of coins. This could be seen as a limitation, especially for those who prefer to save in larger quantities. Not to encourage bad fiscal practice, but considering how untrustworthy banks are these days, people might be better off setting aside their own savings. The physical act of placing money into a savings bank can also serve as a constant visual reminder of one’s financial goals, which can be more motivating than digital numbers on a screen.
Financial Prudence in Uncertain Times
Another interesting feature of the 50/50 is its loose connection to the game of Plinko. This playful element can make the act of saving money more engaging, especially for younger savers who might find traditional methods boring. Either way, it encourages people to set aside something for the future. Spending in a consumer economy is okay, except when global markets are continually being shaken by shenanigans in the financial sector (hello UBS), having something set aside for a rainy day becomes more than common sense practice; it’s a necessity.
In today’s volatile economic climate, financial prudence is more important than ever. Also, depending on who you ask, we’re either on the brink or already in a recession. Bad, bad news. Save money and prosper, people. The 50/50 savings bank serves as a simple yet effective tool to help individuals develop better saving habits. By physically separating funds for different purposes, it can help prevent the temptation to dip into savings for unnecessary expenditures.
Moreover, the act of saving money in a tangible form can be particularly beneficial for children and teenagers. It teaches them the value of money and the importance of setting financial goals from a young age. Parents can use the 50/50 savings bank as an educational tool to instill good financial habits in their children, preparing them for a more secure financial future.
In conclusion, while the 50/50 savings bank may lack the bells and whistles of modern digital savings tools, its simplicity and practicality make it a valuable asset for anyone looking to improve their financial habits. Whether you’re saving for a specific goal or just trying to build an emergency fund, the 50/50 can help you stay organized and motivated. So, in these uncertain times, consider going back to basics with a simple yet effective savings tool like the 50/50 savings bank.
Source Craziest Gadgets
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