Piggybank your way to debt freedom
Let me warn you right off that this solution to avoiding payday loans will work only if you believe in it and agree to follow the rules judiciously. Most people just scoff at the idea and don’t even bother to try it out. So, if you really want to know the benefits of this method, then you just have to try it out. It’s called piggybanking. Simply put, it’s trying to save money using the age-old method that children employ to save. All you need to do is invest a little money in a good piggybank. Try buying one of those with a lock and key. That way, even if you are tempted to take the money, you will be able to desist from that urge. If you are still with me, then let’s take up the rules.
This system requires a little discipline of you. You have to maintain a bank, so you need ledgers and make entries in it regularly. You have to note how much money you have put into the bank, and in case you withdraw, write down the exact amount and also try to return the money at the earliest possible.