Why Does Everyone Need a Piggy Bank?
Are Piggy Banks still a thing?
During the 15th century, piggy banks were one of the major things used by people with strong traditional backgrounds. Piggy banks were mostly given to the children to encourage their savings and to teach them the value of Moneta.
To increase the temptation, piggy banks were designed with only one slot where the money goes in. The only way to take the cash out is to smash the piggy bank to break it open.
Yes, a piggy bank is still a thing, as it portrays the value of money and how it has evolved over the centuries.
From Spare Change to Big Difference:
Coin banks are a simple concept, but the benefits will surprisingly change your ways of living.
Establish consistent saving habits.
It’s a psychological fact: the habit of saving coins or cash in your money bank improves your act of spending by prioritizing the expenses.
Provides a sense of improvement.
Whenever you have a situation to save money for example: for a vacation, for education, for groceries, for rent, to buy new products, and so on. Coin banks will make you reach your expectations on time.
Teaches financial stability from a young age.
Goals for good: Saving in a coin bank teaches you the value of patience and how important it is to reach the goal with time and the pleasure of excitement.
Discipline to children on wealth.
Discipline drives your life: If you want to teach your kids about the value of money, buy them a piggy bank and teach them how to save the pocket money that they get after their day or monthly expenses.
It will educate them about money management and it will bring discipline towards the valuable things which they will see in the late future.
It drives the mentality towards the goals.
Rewards will help: Let's imagine your child is collecting coins or cash in the Moneybox, try giving them small rewards like extra pocket money or candies.
It will encourage them to keep doing things and they might even start to have various piggy banks for several occasions to reach their multiple goals.
Modern-day Coin Bank:
Piggy banks have many names such as Money Box, Coin Banks, Treasure Chest, Penny Bank, Coin Keeper, Spare Change Bank, etc. It has evolved in various Materials, shapes, and sizes.
From Clay to Wooden Coin Bank:
Centuries ago, during the Middle Ages, they used an orange-colored clay called “Pygg” pronounced “Pug”. What was Pygg exactly? Pygg is an old English origin. It was popular in Western Europe for its wide creation. People used to make all sorts of household stuff, including pots and jars.
They called this penny bank a “pygg jar” and later the natural evolution of English changed the word to “piggy jar”. People started to label all their money collector containers “piggy banks” or “pig bank”.
Later the clay changed to many materials including wood. Wooden piggy banks emerged as the alternate material to clays and ceramics. Moreover wood was easy to work with and widely available. So, it was reasonable for the wooden money box to grow faster in the market.
Wooden coin banks became popular during the 18th and 19th centuries And found fame among rural populations and those who wanted a less fragile, eco-friendly, and highly durable version of traditional Piggy banks.
Wooden coin banks as Gifts:
Although we are not selling the traditional clay piggy bank, we have designed a Wooden Letter Shaped Coin Bank. We wanted to give modern ways to kids, adults, and families. Now with our brand, you can get a customized letter-shaped coin bank engraved with a name.
Click here to Choose your Letter and Fonts
Which is suitable for many sorts of occasions and festivals.
One of the best unique gifts you might buy for your loved ones.