Money Talks

Trust Your Piggy Bank

The idea of saving your coins from your wallet isn’t actually just a passive thought. In fact, i would say it sometimes saves you from bad spot. Considering saving 5 pesos a day and when you multiply it in 30 days, isnt that a lot of money? You surely smile bigtime when you open it at the end of the year. It might be a good source to buy a new gadget, who can say.

Lately, i buy this idea and i happened to get myself a pig coin bank to just get rid of my coins. In few days, i get few pesos already. Isnt it a nice saving plan? If you can’t set aside thousands or hundreds then maybe you can start you personal finance matter in few coins. When you get something out of those, it’s the start of saving for few more until your denomination increases.

 

I actually don’t know who started this idea of saving but i salute him/her bigtime. My curiosity allows me to search for piggy banks and here’s what i found:

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Piggy bank (sometimes penny bank or money box) is the traditional name of a coin accumulation and storage receptacle; it is most often, but not exclusively, used by children. The piggy bank is known to collectors as a “still bank” as opposed to the “mechanical banks” popular in the early 20th century. These items are also often used by corporations for promotional purposes. Their shape is most often that of a little pig. Many financial services companies use piggy banks as logos for their savings products.

A modern money box

Piggy banks are typically made of ceramic or porcelain, and serve as a pedagogical device to teach the rudiments of thrift and savings to children; money can be easily inserted, but in the traditional type of bank the pig must be broken open for it to be retrieved.[citation needed] Most modern piggy banks, however, have a rubber plug located on the underside; others are made of vinyl and have a removable nose for easy coin access.[citation needed] Some piggy banks incorporate electronic systems which calculate the amount of money deposited.

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