How much money can a 37cm piggy bank save

Should you use a piggy bank or an online savings account?

With an online savings account (which I, of course, a recommend, I transfer money and watch my balance go up or down, but I can’t actually see the money “grow,” whereas with a piggy bank, I can. Ever since I was a little girl, I’ve had some sort of piggy bank. The first one I remember was a small, silver jar that held about $10 worth of coins.

Why do we need 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. Remember, even though it’s a small amount, it’s your money and a little becomes a lot pretty quickly.

Do you still use your first piggy bank?

Maybe some of us still use our first piggy banks. It’s one of the most effective ways for parents to teach their children the value of saving money rather than spending it. More importantly, the piggy bank is also a good reminder for parents and young adults who may have forgotten the importance of saving.

Should you use a piggy bank with kids?

Whether you’ve got your eye on something fancy like a new party dress or trying to save for a new car or a family vacation, adding to a piggy bank will visually show how close (or far away) you are from making that purchase. 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.

Should you use a piggy bank if you have a part-time job?

By using a piggy bank, they’re literally able to watch your money grow every time you save. Then, when they’re old enough to have a part-time job, they should know that it’s smart to designate a portion of their paycheck into a savings account. This is a great habit to keep with you throughout your adult life.