These days, with abysmally small savings account rates, it can be tempting to forego savings entirely. After all, your money isn’t growing at anything close to the rise ion prices of gas, milk or other common commodities. So, why sock money into a savings account at all if the overall value of your money is decreasing. Here are a few more entertaining options for your life’s savings:
- Put all of it in a gunny sack and burry it out in the back 40. Then create a treasure map leading to it. Who knows, 200 years from now when someone discovers your map and finally reaches the spot where X marks the spot, your money might actually be worth something. Of course, its primary value by then will be as a novelty item for collectors.
- Blow all of it on a trip to Europe. Or Asia. Or Disney World. Take your pick. It really doesn’t matter where you go as long as you have a good time. Just make sure you go while your money still has some value.
- Pool it all together and buy the most expensive thing that you can. It doesn’t really matter if it’s a car or a widget. The point is to spend it before it loses any more value. Hopefully, whatever you spend it on won’t lose value as quickly as the money itself.
- Go to the casino and put it all on black. While most financial advisers would discourage this, your chances aren’t much better in the stock market these days.
- Take all of your savings out in $1 bills and rake them into a big (or small, depending on your savings) pile in the middle of the living room. You can alternately roll around in them, pretending you’re “in the money,” or you can jump in them like a leaf pile.
In all seriousness, even though the value of US currency has been going down, and savings account rates have been rather low, it’s still a good idea to save money. Savings with a depreciated value still has more value than money that has been frittered away.
