Taxes Image Credit: Dreamstime. According to some theorists, potters, who used the pygg clay to build money containers with tiny slits in the top so that coins could be dropped in and not retrieved back out, embraced the misnomer and began crafting their clay pygg banks in the shape of little porkers. And thus, the piggy bank was born. However, while there is some support for this belief—certain dictionaries do list pygg as an alternative word for pig when referring to earthenware containers—the truth is that it seems no one really knows the origins of the first piggy bank.
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Piggy bank apps for the young at heart
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So, in an effort to further encourage all of our customers to teach children about moneywe wanted to highlight one of the simplest, most convenient ways to save: using a piggy bank.
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Most of us at some point in our childhood received a piggy bank. Maybe some of us still use our first piggy banks. More importantly, the piggy bank is also a good reminder for parents and young adults who may have forgotten the importance of saving. Here are four reasons why every person, young or old, should be using a piggy bank: 1.
A piggy bank helps us organize loose change. When our pockets or purse get full of random coins, one smart trick is to put that money somewhere specific like a piggy bank rather than losing it in your couch or car. Not only will using a piggy bank help clean up your house and car, a piggy bank also reinforces good savings habits.
The money in a piggy bank adds up. Using a piggy bank with kids is fun, too.
Ask them what they want to save for so you can help them set a goal. It might be fun to use more than one piggy bank. Label each one with your planned purchase and start saving. This is also a fun way to teach your children about money and the importance of saving.
+ Brilliant Money Making Ideas for Extra Cash | Piggy Bank Principles
Saving sets a great example. Piggy banks are a really simple and effective way to teach children in the family about the importance of saving.
Let them pick out their own piggy bank, one they can decorate and feel proud about. They may not be saving up for anything specific when you start but encourage them to think about what they may want to buy someday. To help them better understand it, you can do this with your child.
Piggy bank apps for the young
This should motivate them to find ways to earn money to put in their piggy banks. Suggest taking some additional chores or finding items they could sell in a internet earnings piggy bank sale to internet earnings piggy bank some extra money. Maybe a neighbor needs help picking weeds out of their garden. Most importantly, it would be very helpful if you discovered another source of income, like having the rummage, selling items online, or helping at a farmers market.
Just be a good example for your child. Saving should always be top of mind.
4 Reasons to Use A Piggy Bank - Great Midwest Bank
This is a great habit to keep with you throughout your adult life. Contributing to a savings account also prepares us for when an emergency or other unplanned life event occurs.
What do you do once the piggy bank is full? There are a couple of options. Reward yourself with a treat!
We suggest putting some in a Great Midwest Bank savings account — a bigger piggy bank. Donate a portion of the money to a local charity in your area and put whatever is left inside your Great Midwest Bank savings account. Invest some of the money in ways to earn more money and put the rest into a Great Midwest Bank savings account. Put all of it into a Great Midwest Bank savings account.
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There are only three things you can do with your money and maybe you figured it out already. Save, spend or share.
The more you save, the more you have to spend and share. Developing a strong habit of saving your money with a piggy bank or a savings account will help you teach your children about money.
If you want to learn about using a piggy bank or ways to keep more of your money, contact Great Midwest Bank today.