Check out this gem I just picked up at an antiques store!!
A “Thrifty Savers Book” – with slots for adding 30 dimes into!
And super clever marketing to boot, haha…
When you fill this Dime Saver, visit the FIRST FEDERAL SAVINGS and open your account — put those savings to work for a safe profit!
Imagine the days when $3.00 was a lot of money? :)
Actually, I’ll tell you – it was back in the 1950’s/early 60’s (the $10,000 FDIC part gave it away), and running it through a handy dandy inflation calculator tells us that $0.10 back then had the buying power of roughly $1.04 today.
So really, it’s “Save a dollar, become a baller!” haha… And comes out to about $30 to open up your first account, which is more typical to today’s times.
I had fun coming up with a bunch of other slogans though before I knew the updated value… Feel free to steal these if any banks are watching right now ;)
- Save your nickels, stay out of pickles!
- Save your quarters, become $$ hoarders!
- Save your halves, avoid being sads!
- Save your fives, enjoy living before you dies!
- And the ultimate crowd pleaser… Save your twenties, get lots of honeys! ;)
If only banks cared for our well being as they at least pretended to back then – womp womp…
Fortunately though, you don’t need savings booklets to get going these days – automation has taken over and allowed any of us to save, save, save without lifting a finger, finger, finger! It’s a beautiful thing!
And almost anyone can spare an extra $30/mo too. So if you’re not hip to the game yet, I challenge you to create your first auto. transfer for exactly that – $30. After a year you’ll have $360 without accounting for interest/compounding, after five you’ll have $1,800, and after ten you’ll have $3,600! Or divert it to investments and you have a good shot at doubling it – without noticing a blip in your lifestyle! And really isn’t that what we all wish for?? Not hating our lives while we’re being financially “responsible”??
Saving really can be as easy as plopping dimes into a booklet or just setting it and forgetting it. A lot of things change over the years, but the basic principles of finance do not! Spend less than you earn and bank the difference – that’s really it in a nutshell.
If you don’t believe me, check out this book on “thrift” circa 1875:
Stash those dimes, enjoy better times indeed!
It’s not that complicated!
For further reading on years gone by:
- 46 Tips To Save You Time, Money, and Trouble – From The 1950’s! (blog post)
- “Tonight I decided to see what wisdom lay in my set of 1939 Readers Digests” (twitter strand)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!