Have you ever wondered how a piggy bank received it’s name? In Europe back in the middle ages people used clay to make a bank. The type of clay was called “pygg”. This type of clay is orange and was used because it was inexpensive. Now if you saved money in a bank, it was called a pygg jar. Eventually, the jar would become known as pygg banks. In the eighteenth century craftsmen were asked to make pygg banks. Instead they misunderstood what was being asked of them to do, and made banks in the shape of pigs. Since then the banks have become popular and many people today have piggy banks in their homes. Since these banks are so popular, many people give them to people as gifts.
Piggy banks come in all shapes, sizes, and colors. They are great to put all of your loose change you've received for the day. Imagine how much money you could really save if you started doing that. Wonder if you just wanted to put only $5.00 a month away. That would add up to $60.00 a year. That may not sound like a lot, but it’s definitely money you didn’t start out with. Certainly you could use it for something. If not, just keep adding $5.00 a month to your piggybank, until you get you desired amount you want.
Children can learn a lot from a piggybank. Children always get money for their birthdays, allowance, gifts, and etc. You could always encourage you child by setting a side a few dollars here and a few dollars there. Teaching your child to save money could become a habit that last a lifetime. It would also help your child in the long run and keep them focused on how to save a dollar!
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