My Fav Piggy Bank as Beginner Saver. I love to save $1 Gold Coin which tune out a Gong Xi Gong Xi tune. All savings comes from pocket money and eating lesser. Most of my friends buy pen or rubber (flag) for collection but i save to change to $1 gold coin bit by bit. Always Save for a Rainy Day is something i rmr since Primary School. (in fact is raining now) I learn not to be wasteful since young and learn tt money is important for the future. Is Encouraging and sounds like one is Congratulated Each Time a Saving is Deposit in. should really bring this back for young innocent child like me. All this is sweet and growing up phrase requires a POSB account which gives interest rate. The bank account started with a part time job at Mcd and salary is deposited monthly. More Money are tracked and doesnt requires counting to feel Good from the Saving Achievement. A walk to ATM could see the upgraded piggy bank and Achievement. As we progress in life from Education Progress to National Service which introduce us to insurance plans. Saving took a diff turn w Endowment Products and Bank selling Unit Trusts. Most ppl, even me, supports friend ilp, trusted bank w unit trust but we didnt realise uncertainty is heavily involved with the term more "Savings" being mis used. Eg my friend KK biting the bullet and digesting it. Up to today, Good Finanical Blog and Bloggers (maybe me too) and platforms like seedly have give more info on what are Real Savings from High Yield Account to SSB which uphold the true meaning of Savings. For me, since 1. Saving for Gxgx tune 2. Saving for rainy day 3. Saving for bank interest rate 4. Saving for more return thru policy n unit trust 5. Saving with certainty and better projection with CPF, SSB, Dividend Returns 6. Saving to buy income generating Asset 7. Saving for value deals and lifestyle 8. More importantly, Saving to be able to take care of Parents and Grandma TLDR: Saving is the Mother of All Investment and Investment should be income Generating Asset that allows taking care of FAMILY and Active Retirement.