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The concept of piggy banks originated in England in the mid-1500's. During this period, there was an orange clay, "pygg," that was used to make dishes and storage containers. People stored coins in these clay "pygg" jars, and these containers eventually became known as "pygg" jars or "pygg" banks. By the 18th century, the name evolved to piggy banks, and potters began to create these jars in the animal's likeness.
The popularity spread to Europe, where today, it is still common to give piggy banks for good luck and good fortune. For many of us, the piggy
bank is our first introduction to saving and the beginning of our
journey to financial freedom.
Money Saving Tips
- Begin having conversations about saving as soon as children learn to count. Once children start asking you to buy things, they are ready to learn about being responsible with money.
- Give your child a bank and encourage them to start saving. Banks now come in a wide variety of styles and capabilities, from traditional piggy banks to digital coin banks that count and track your savings. Clear banks work well as they allow you to see your coins increase and motivates children to continue to save.
- Give money gifts or allowances in small bills or coins, so that a portion of it can be saved.
- Periodically, empty the bank and, together, count the accumulated savings. When the bank is full, open a savings account for your child. Many banks have saving clubs that offer special incentives and "freebies" for children who open a savings account.
Have a question? Don't see what you are looking for? Have a recommendation? Let us know - info@makemorecents.com or 804-360-8337.
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We also carry a large selection of coin banks and sorters and humorous ceramic money jars.
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Coin Banks
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