Do you still 'Save' using Piggy Bank?

Piggy Bank - Cute Piggy Bank
@poohgal (6848)
Singapore
June 21, 2008 12:15pm CST
Firstly, I wonder how many of us here still own a Piggy bank. For me, I own 3. They are all gifts from friends. I like Pigs (my avatar) and I guess that's why they give me Piggy Banks. Most of us (in fact, I think All of us) save our money in the banks. Saving using a Piggy bank seems like something we do when we are 5 years old. Anyway, I still do it. Actually I do it more for fun. I have a Piggy Bank which actually makes a funny sound whenever I put money in. It's so fun. How about you? Do you still Save using Piggy Bank? Why and why not?
6 people like this
39 responses
• Canada
22 Jun 08
omg, i totally have a piggy bank, 3 of them, i have one for pennies the other for loose change, and one for the special foreign ones. anyone else have the same ones too?
2 people like this
@poohgal (6848)
• Singapore
23 Jun 08
Yea. I keep foreign currencies too.
• United States
22 Jun 08
ours isn't exactly a "piggy bank" but its an old pickle jar. We put all of our change in it. and its right next to our door, when my hubby gets home he puts his change in there and once a week i empty out my purse. we use the change towards vacation money or we'll use it to go do something fun with the kids. Our bank also charges a coin fee, so some months i'll count it all or we take it a coinstar machine and just pay the fee to let the machine count all the change.
@poohgal (6848)
• Singapore
23 Jun 08
Yea. Banks are too cruel. With high inflation and low bank interest rates, they still charge us bank fees for coin deposit.
@mscott (1924)
• United States
22 Jun 08
We do now because we have kids. I think there are probably three or four of them sitting around the house. Never much in them other than change but the kids like putting the coins in. There are new banks that I have seen which have divisions to the pig to help teach kids about saving. One part says something like savings, another for fun, another for school, ect. I think these are good for helping teach kids the value of working and saving. Unfortunately we never have a lot to teach them with.
@poohgal (6848)
• Singapore
23 Jun 08
The amount does not matter. It's the thought that counts. You are a good parent. My parents do not really teach me how to save. I learn it myself. I'm a much better saver than them.
@mimico (3619)
• Philippines
22 Jun 08
No, I haven't had a piggy bank for a long time now. I've been having some problems with managing my expenses lately though I might as well try to start saving money again through the piggy bank. All my extra cash goes into my secret hidey hole but I can have access to it anytime so I end up spending a lot. Perhaps I should try the piggy bank approach again. Thanks for sharing this now I have a new idea!
2 people like this
@poohgal (6848)
• Singapore
23 Jun 08
Yea. Piggy bank is good for saving coins. Pennies can add up to a lot of money.
• China
22 Jun 08
I have one piggy bank.But i do not ofter put money in it.i just want to keep some change to take bus
2 people like this
@poohgal (6848)
• Singapore
22 Jun 08
That's good. You can easily find change for bus rides.
@relundad (2311)
• United States
22 Jun 08
I dont have the traditional 'piggy bank". What I have is a 5 Gallon water bottle (the one's you normally see on a water cooler. Everyday I make a point to break a dollar or use the change from my daily purchases to deposit to my 'piggy bank'. I start on 12/26 each year and I save my coins for the entire next year until I do my Christmas shopping. Each year I save several hundreds of dollars just with my change. Most years I don't need all of the money and I take the excess and deposit to my regular savings account. My bank (Bank of America) has adopted this same concept and have a program and they call it Keep the Change. And every time you make a purchase with your debit card from your checking account, they take the odd amount of change and deposit it to a savings account. You'd be surprised how this adds up, and you really don't consider it gone or have to budget necessarily for the additional savings. Works great for me.
@poohgal (6848)
• Singapore
22 Jun 08
Wow. That's a great concept by Bank of America. I hope my local banks will do the same but I guess not. My local banks even charge for coin deposit.
22 Jun 08
I used to have a piggy bank but i broke it with a hammer when drunk. lol. so now i keep it in an old vitamin box.
2 people like this
@poohgal (6848)
• Singapore
22 Jun 08
hammer? Haha.. wow.. Old vitamin box is good. At least it does not break that easily.
@joliefille (3696)
• Philippines
22 Jun 08
I kinda miss piggy banks. I mean the actual piggy banks. I save whatever money I'm left with on my salary for the month. Usually I'm left with 10s, 5s, 1s, or some loose change. But I don't have a piggy bank, I keep them in a lil box instead.
2 people like this
@poohgal (6848)
• Singapore
22 Jun 08
I think you can still find them in shops. The real piggy banks are really cute.
1 person likes this
@steph08 (19)
22 Jun 08
Yeah... Well it's not exactly a piggy bank... it's more like a little tray / bowl thing. But I basically put all my change into it... Then when it all gets a bit full I count it all out - it's suprising how much is in there after x amount of time! :D
2 people like this
@poohgal (6848)
• Singapore
22 Jun 08
Yea yea. Pennies can add up to a lot of money
• India
22 Jun 08
No...I don't have a piggy bank as in the traditional ones.I think in today's time given the various avenues for investments and savings the old method of having a piggy bank is no longer relevant.Of course a piggy bank can be gifted to children as a starting point of saving to make them understand the importance of money.
@poohgal (6848)
• Singapore
22 Jun 08
Yea. Of course. That's why Piggy banks are for pennies. Anyway, my local bank actually charges a fee for coin deposit.
• Malaysia
23 Jun 08
I liked your pink pig avatar since day one...so cute! and they have the one which make noises...that's so cool. I used to have a Piggy bank but not anymore, guess I didn't like the idea of collecting so many coins and have to count them later. But I have a few at my parents place and my mum & brother like to collect them as decorative items. We have a selection of animals figurines ( bull dog, piggy ),vegetables ( bitter gourd, egg plant,..), fruits, food. We love the ones made from clay and hand painted, not too expensive too. I think it's a good saving tool to teach the young children nowadays and be smart about their money. Cheers and happy posting!
1 person likes this
@poohgal (6848)
• Singapore
23 Jun 08
Thanks. I am glad someone likes my piggy avatar. I've seen many people using piggy banks as decorations too. They will have it full of $1 coins. Our $1 coin is gold in color and it makes a good decorative item.
• Malaysia
25 Jun 08
We used to have $1 coins over here too and I found it troublesome and too heavy to carry themAnyway that was in the past and I can imagine a piggy bank full with coins....goshhh...that will be so heavy and a dangerous weapon too Cheers and have a good day!
@kun2349 (23473)
• Singapore
21 Jun 08
LOL ^_^ U still small ah, still got a piggy bank with sound somemore.. lol =D I only have got 2 piggy bank.. One of which has been with me when i was in primary school till now, but was never full b4.. lol =D THe other one was an Astro boy's head.. lol ^_^ NOrmally i will save $1 and 50cents separately in both the piggy banks.. But after the bank says they are gonna charge for coin deposit, i immediately use up all my coins and deposit all my notes instead.. lol And so now, both my piggy banks are empty now, only full of air.. lol
@poohgal (6848)
• Singapore
22 Jun 08
Yea lor, idiotic banks. Why should they charge us for coin deposit. I save in Piggy Bank just for fun. Most of the time, I actually save notes (because of the bank fees).
1 person likes this
@kun2349 (23473)
• Singapore
24 Jun 08
haha.. ANd do u know that there's actually a coin deposit machine?? lol
@selece (2357)
• Philippines
25 Jun 08
I actually have a coin bank but it's not a piggy bank. Anyway it's the same thing since it's where I drop off my extra coins. I think it is still advisable to use such, since little by little you are able to save up money and in the long run, you never even noticed that those coins can be converted into cold hard cash.
1 person likes this
@poohgal (6848)
• Singapore
25 Jun 08
Yea. Pennies can add up to a lot of money.
@subha12 (18453)
• India
24 Jun 08
no i do not ahve piggy bank. its really nice way to save. i was thinjking of buying one. but main problem is i am so much worrued about dad's health. so i acn't handle it now.
1 person likes this
@poohgal (6848)
• Singapore
24 Jun 08
Yea. Take care of the more important thing first. Hope your daddy get well soon.
• Canada
24 Jun 08
I love the idea of piggy banks and used to save my money in one for the longest time until recently, I exchanged all my coins into bills to pay off my bills. I would love to start saving up again though. Extra cash is extra cash and I can't complain about it. I just don't like saving up all the small value coins, I find they take up too much space and the resultant savings aren't as big as if I only saved up the larger valued coins.
1 person likes this
@poohgal (6848)
• Singapore
24 Jun 08
You can save in Notes too.
@williamjisir (22901)
• China
24 Jun 08
piggy bank - Each time when I get some new coins or one-yuan coins, I always drop them into my blue piggy bank.
Hello dear poohgal. I also use piggy bank for the small money like coins only. Each time when I get some new coins or one-yuan coins, I always drop them into my blue piggy bank and later when it is enough, I give the coins saved to my son. Or we use the coins to take a city bus. It is very convenient.
1 person likes this
@poohgal (6848)
• Singapore
24 Jun 08
Cute blue piggy bank you have.
@Elixiress (3893)
23 Jun 08
I have never had a piggy bank so to speak, I do however have a froggy bank, which is the same as a piggy bank just a different animal. My sister has one in the shape of a bear. I still use it, my Mam puts money in it from my Uncle as it is only a pound, she does not want to leave it lying around, because someone is likely to just pick it up. It is useful for when I have little money in my purse. I will check my froggy bank to see if there is enough in there. There is usually about £5 to £10 in there.
1 person likes this
@poohgal (6848)
• Singapore
24 Jun 08
Hee.. froggy bank.. that's cute..
@cher913 (25887)
• Canada
23 Jun 08
we dont have an actual piggy bank, but we do have a tin with a slot in the top (it had suckers in it that my sister in law bought and it is shaped in a milk can shape) we throw our loose change into it and if i find any money on the side of the road while walking, i put it in there (a couple of weeks ago, i found $5 and last week a quarter and quite often i find pennies) it does add up.
1 person likes this
@poohgal (6848)
• Singapore
24 Jun 08
Wow.. you are really lucky.
@chrislotz (8203)
• Canada
23 Jun 08
I don't own a piggy bank anymoe, I don't think I ever have owned a piggy bank, come to think of it. I have always just used a jar or something to put my change in. I used to use a Texas Mickey jar and never ever reached the top of it before I rolled the money and cashed it in at the bank. Now I just use a pickle jar. I just throw in my change everytime I have some and it quickly adds up. The last time I rolled it all and took it to the bank, I had over $200. I don't remember if I used it for anything special. I now probably on only have about $40 in my jar as I just started saving my change again.
1 person likes this
@poohgal (6848)
• Singapore
23 Jun 08
Pennies can add up to a lot of money too. Keep on saving.
@sdas86 (6076)
• Malaysia
23 Jun 08
Hi, I am saving money using Piggy bank to save money. I keep money especially coins in it and after a long time, I found that I am having quite an amount of money in it. That is consider not bad.
1 person likes this
@poohgal (6848)
• Singapore
23 Jun 08
Yea. Pennies can add up to a lot of money.