Go back to when you were a child. Get a Piggy Bank. Place your Piggy Bank whereevery member of the household can see it, and ask everyone to "feed it". Takethe time and effort to contribute to it and set an example for your children.Let them know that it acts as a family emergency fund. Encourage participationby everyone towards this fund. Let them know for what kind of emergency wouldthe fund be used. You could mention:
• Repair orreplacement of household items – for instance a broken shower -- appliances youcan not do without.
• Automobilerepairs, and in that time money for temporary or alternate transportation.
• Travelexpenses generated due to family emergencies or functions.
• Unexpectedexpenses incurred during a vacation.
• Unexpectedmedical expenses.
When your family knows how hardyou are trying to save money, they will surely help and you just can't go wrongsaving money.
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