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Thursday, November 15, 2007

Using an explosive piggy-bank to boost savings

With an increasingly aging population, Japanese have come up with a novel idea of scaring its people into savings - a "savings bomb". The so called, savings bomb is actually a battery-powered piggy-bank type toy which explodes and scatters coins if the user doesn't fill it with a coin for a certain length of time

"Users must pick up and collect the scattered coins and reflect on their laziness," the Japanese company said.

I always thought Japanese are very good savers but seems that to some extent, they have a savings problems just like many of us. Regardless, while the concept of a "savings bomb" may be corny, it seems to have some practical value. May be we all need a similar kind of device that whacks us if we don't contribute to our retirement plans regularly or if our expenses exceed our income, and kicks politicians if they keep coming up with new spending plans, without doing anything to cut governmental expenses.

For complete article, see:

Yahoo.com: Exploding piggy-bank aims to scare Japanese into saving

posted by Ruby @ 6:51 AM

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