Newest Review: ... pots with a coin slot in the top. There is no plug in the base so in order to get the money out you need to smash the pot. These pots hav... more
Terramundi Money Pot
Member Name: elysia2003
Terramundi Money Pot
Advantages: Helps prevent you dipping into your savings
Disadvantages: High cost for something that you can really only access once.
~~~ Terramundi ~~~
I'd seen and heard about these Terramundi money pots years before I'd actually purchased one myself. I'd never considered buying one as I thought they were essentially a way to spend money rather than saving it, as the only way to retrieve your savings is to break into it, rendering it useless. I'll explain why my opinion changed further on in this review.
A Terramundi money pot is really just a hollow vessel with a slot in the top in which to post your coins. Within each money pot, you will find a gold coin with a prediction on, rather like a fortune cookie. This must be unique to the 'real' terramundi money pots as I've never found it on any of the cheaper copies available.
It was almost two years ago I purchased my first money pot. My mum, my sisters and I, were all at the Festive Gift Fare at the NEC in Birmingham, doing our Christmas shopping. We go there every year as we find it a great place to find things that are unique, personalised, or just that little bit special than the average stuff you find on the high street.
Apparently these money pots retail around £20 each, but whilst we were at the fayre, the original Terramundi company had a stand; and were doing a special deal of £15 for one, and two for £20. Both my sisters wanted one each as gifts, and so too did my mum. Obviously I wasn't going to be outdone, and so stumped up my £10 share and walked off with a bargain.
The vendor told us all about the history of the pots, that they have been made and used in Italy for over 2,000 years. They are still made there today, but they are now hand decorated in a studio in Kentish Town, in London.
Put on the spot, and not having a specific person in mind to gift mine to, I chose a neutral cream colour, onto which was written in gold 'Holiday Fund'; as I thought this would be a suitable gift for either sex, but there are hundreds of different colours, patterns, and sayings available. When I got home and checked my purchase, I decided that as I was saving myself for my sister's birthday weekend away, I'd keep it for myself, to help prevent me dipping in, and spending my savings.
This money pot can hold up to £200 in mixed silver apparently, and I certainly found that to be the case. I shoved a note in here and there as could, and when it was time to book our trip there was enough in there to pay for it, plus my spending money. If I'd have been able to get at my savings, there definitely wouldn't have been that much, I can tell you.
Right, now here's my tip. You are technically supposed to make a wish, whilst smashing this to get to your savings, BUT the money saver in me didn't want to do that. What I did was take a hack saw, and gently saw the top off. This can either then act as a lid, or do as I did and superglue it back on for another lease of life, although it doesn't look quite as pretty as before sadly.
If it is of interest to you, my wish coin within is a gold colour, about the size of a 10 pence piece and reads 'Today spend time with yourself' and now lives in my purse, for luck. Each wish coin is different, but I can't think of a better excuse to have a bit of 'me' time, and if anyone asks, the Terramundi told me to.
After owning one for several years and seeing the benefits of having both not being able to get at your cash willy nilly, but also having that piece of mind that you CAN access it, if you needed to; I recommend this money pot, but definitely not at its full price.
As well as being rather decorative in design, the highly amusing and inspiring phrases available, such as 'Ferrari Fund' (my daughters gift off her auntie), and 'For life's little luxuries', in my opinion would serve the purpose to spur a young saver on and give them something to aim for. What could be a better gift for someone, than the gift of learning to save, and being prepared for life's eventualities than that?