Do you store money in a PIGGY BANK?
By champr23
@champr23 (687)
United States
April 10, 2007 11:59pm CST
Do you have a piggy bank? Have you ever had one, but outgrown the use of a piggy bank? Is it OK for grown ups to say "I have a piggy bank"? Is it wise to store money in a piggy bank? Do you think it is better to have your money in other places i.e. stocks, bonds, real bank? Is it better to keep all of your big bills out of the piggy bank because you won't make interest on that money?
If you don't have one, where do you keep all your spare change?
I have a huge piggy bank named Farmer McDougle aka Change Goblin. He has a good amount of cash in his belly. Eh, at least 300 large. He is always hungry. Wanting more change. He needs to feed. His stomach is growling a lot when I deprive him. I actually annually weigh him. I think it was like 48.5lbs last year N this year it was like 51lbs (maybe wrong). Alot, of the weight is because it is made out of heavy plaster.(white chalky stuff) I always want to just crack him open with a sledge hammer, but I don't.
8 people like this
34 responses
@misheleen73 (6037)
• United States
11 Apr 07
we uses one of those big water jugs (the king you see in offices) and we never touch it. All sorts of change is in there including some dollars. We have a Savings Account at the bank too, but the jug helps show our kids what saving money looks like and that every penny counts. They both have their own as well, one has a pig and the other has a frog. I let them take their money out once a year and we go down to the Coinstar machine that changes the change into a receipt that you take to a cashier for cold hard cash. Our jug only ever empties when it's full to the top, which takes a long time as it is very,very big !!
1 person likes this
@misheleen73 (6037)
• United States
11 Apr 07
the bills are okay for as long as I've had them there.. and as for the coinstar machine.. it's just my boys who use it and they like the sound and all the noises it makes
@champr23 (687)
• United States
11 Apr 07
MISHELEEN I'm getting upset cause I keep thinking of good ideas I could have put in my intial post. I would have had more people talking about it too. My question I thought of was stupid, but are bills safe to have in a piggy bank for a long time? Can they really withstand years N years in a deep dark change filled black hole? I mean they are only a piece of paper.
Very good for you though. Though, I suggest trying to take all your coins to your local bank instead of getting some of your money eaten by coinstar.
@ganwn071 (1116)
• Singapore
11 Apr 07
I do not have a proper Piggy bank. It is glass instant coffee powder glass bottle. What I did was to wash clean a large glass container and use it to put all my small changes that I had received for the day.
It almost filled up the container now.
1 person likes this
@mayenskie (1307)
• Philippines
15 Apr 07
I had a piggy bank while i was a kid and just last september 2006 i started storing spare coins mostly 5 peso and 10 peso coin again. Every end of the day, after i came home from work, i empty my purse and put the coins in my yellow plastic piggy bank. I feed her everyday, and everyday she gets fatter and i like to look at her while thinking about that something i plan to buy when she get full up. Ahh that never fails to bring a smile on my face. She is nearly bloating... soon soon i will be able to get my hands on that thing i am saving up for. =)
P.S. I also have saving in a real bank.
@champr23 (687)
• United States
15 Apr 07
Mayenskie I must admit it is a relief someone is getting real like me in there post. Not that some other ones weren't good. It's just I told all about my Change Goblin dude, and no one even seemed to care that I put real life characteristics about my pig. I got 44 responses too!
I'm glad shes getting fatter. Harvest time soon. hehe.
Do you think I should stop storing money in the piggy bank because I make no interest on that money?
@lordwarwizard (35747)
• Singapore
11 Apr 07
When I was younger, yes... it is after all a good way to kick start a child's saving habits. But as I grew older, I switch to just "normal" bank accounts.
@champr23 (687)
• United States
11 Apr 07
Oh so I was wondering if you suggest to take my cash out of my piggy bank because I don't make interest on the money in my piggy bank. O that girl who walked by me just now was pretty. But neway, maybe I should have tried to illustrate it more clearly in the intial discussion. Haha I was looking at here N she looked back to see if I was looking. Well I can't help it! Duh! But neway I'm getting sidetracked. I'm concerned because the value of my money is deflating while sitting the piggy bank.
N no problem for the suggestion b4 my pleasure.
@coolseeds (3919)
• United States
14 Apr 07
Yes and no. I have containers, cool bottles and the like. One has only dimes. Another foreign currency.
I have a couple of frog banks. So I guess you can say I have a "froggy bank" LOL. One of them only gets coins 50 cents or larger. The other gets coins minted earlier than 1960.
My girlfriend seems to take all of the change.
@amylou8521 (324)
•
11 Apr 07
I have absolutely no idea how you can keep the self restraint to not hammer him! I have many a time raided the copper jar or piggy bank! However i now consider sites such as mylot or other online sites to be my piggy bank, i hear a lot complaining that they dont get paid much, but i enjoy posting and discussing things that interest me, so any extra is a bonus, look after the pennies and the pounds will look after themselves so they say! I am a firm believer in this, ok so you maybe get $0.50 a day but i bet you wouldnt put that into you're piggy bank on a daily basis, it soon adds up and could easily be put towards a holiday!
I hope you're real piggy bank continues to grow for u :D
@champr23 (687)
• United States
11 Apr 07
lol I really do want to hammer him good sometimes. Your bad raiding the copper jar thingy! You consider myLot to be a piggy bank? That is a good analogy. I think there is only one problem that you have with making that statement. You only have 27 posts lolz. You just started. You must be thinking big here.
@amylou8521 (324)
•
12 Apr 07
No not really, but i continue to carry on the way i have been going and if you can make a dollar or so every couple of days, i see that as a good return, for doing something that i was doing elsewhere for no money!
I also do other things online to make cash, i just really meant in general that it is all extra so i just class it as bonus money, i dont rely on it therefore whenever i do get paid out it feels like i have won a prize!
@lovespecialangel (3632)
• United States
12 Apr 07
I actually have 3 piggy banks. I love them and am trying to start a collection. So far only one has money in it. And not alot at that. My husband has a habbit of spending my change. I will, however break a dollar rather than spending one penny. Which drives my husband crazy! I also have an empty orange juice bottle that I cleaned out and have put my pennies in there. I probably have about $100 in pennies saved up. And probably about $50 in silver change. My kids call it our vacation money. :-) Of course, by the time we go on vacation, I will just take dollars and bring home more change. LOl
@champr23 (687)
• United States
15 Apr 07
Hey lovespecialangel. Well, I see that you like to break dollars and not use exact change. Grr. I wouldn't do that. I always try to give the store clerk exact change.
Although, when I come home with any change in my pocket I do feel like I somehow did good because I know its going in my pig.
@aarikamai (74)
• United States
11 Apr 07
I have a piggy bank, lol. I thought i outgrew it. But ya gotta have someplace to put spare change.I honestly don't want to carry it around.
@coolcatzz (1587)
• Canada
12 Apr 07
Well I keep my spare change in a large jar. So I wouldn't specifically call it a piggy bank but on the other hand who cares what anyone calls it. Its just a great way to save change and it adds up before you know it. My brother takes a 20.00 bill with him everyday to buy coffees, maybe lunch or something on the way home. Then the remainder of it goes into a jar and he starts out the next day with a new 20.00 bill. Well when he counted it after about a year he had 2000.00 dollars.
@inked4life (4224)
• United States
11 Apr 07
I dont have a piggy bank per se, but I do have a plastic tub that I dump my loose change into each day. Every couple of months or so I take it to the grocery store where they have a change sorter and it prints out a coupon for the amount you dump in which can be used to buy groceries. Usually end up with $75 - $100. It's amazing how quickly it adds up.
@chloe9013 (532)
•
11 Apr 07
I am always throwing my change into my pot, it keeps my purse light and after a few months i have lots of money technically forgot about :) But that is just change. I like to keep major money in the bank bar a few notes in my purse for cash only purposes. I also have my first isa i feel so grown up :) I am the only 19 yr old (or young person for that matter) that i know off who is investing money into shares and such. I also have a high intress bank account till im 21 where i like to put my other savings in a week. I try to put about £100 in every month but i also use at money for special purchaces. So far i have been saving in the account 10 months and i have £700 so i am very happy with that :)
@massageeh (965)
• Taiwan
12 Apr 07
Unfortunately, I use my piggy bank to store coins. Pennies mostly. Everytime I put bills in it, it tends to be taken out after a couple of days. I don't know how you do it but I envy you. Keep it up.
@swaran67 (71)
• India
11 Apr 07
Store money in a PIGGY BANK?
To store first we should earn money. Without earning how can we store.
By searching a lot of web sites for earning money online, i am here in myLot.
I think from here i will earn some money and yes i will start a piggy bank and i will store money in it.
@thrwbckjay67 (2870)
• United States
11 Apr 07
No, I don't have a piggy bank anymore. However, I do want to get a Darth Vader bank that my baby cousin has, it plays the Imperial Theme when you put money into it.
Currently, I use a big jar that we had for candy to hold all the spare change I have. It works out great for me, although like I said I'd love a piggy bank. You're never too old for a piggy bank!
@samtaylorskykierajen (7977)
• Canada
11 Apr 07
We have piggy banks for our younger children and once in awhile we will get a dish and try to save some change in it for emergencies but we always end up spending it .
I don't see anything wrong with anyone having a piggy bank . Anyway that one can save money is a good thing . It shows that you don't have to spend every dime you have in your pocket as so many people do . We have a bank account but we use the money every month to pay the bills so it doesn't grow any iterests in there either . We are not as wise as you for saving our money :)
@syain1972 (1011)
• Singapore
11 Apr 07
Yes, I do have a piggy bank where all my spare change would go into daily. I only put the coins in there. The dollar bill will be accumulated in a separate cash register box before it's being bank into every month.
I do have a tendency of wanting to break my piggy bank but come to think of it, I would waste money buying a new one! I think it's ok for adults to have a piggy bank. It's another form of savings. When it's full, I'll just bank it in and soon the money will grow!!
@meholl (510)
• United States
11 Apr 07
I don't have a piggy bank, but I have a very large canister that we put change in. We only use it if we have to, such as no checks, no cash and have to give kids lunch money. Otherwise it goes untouched until it is full. Then it goes to the bank for vacation or some other special occasion. We only put silver in the canister, all pennies go to the kids and dollar bills go to me
@mango_nectar (309)
• United States
11 Apr 07
I throw all of my change in a plastic coffee container and take it to the bank every few months or so. Most of my change comes from tips at work, but sometimes I'll have change from the store or something too. I usually end up with a bout $60 in there every time I go, so it's quite a good chunk of money that I am saving up...
@Strawberry_chaos (302)
• Australia
11 Apr 07
i sort of have one, but it's an elaborately hand decorated paper box rather than an enclosed container of any kind. its a pretty box and it looks realy prettiful with all the shiny shiny coins in there. But it's only small and nearly small, so i'll need to make some more for all the new coins who are coming. i plan to have a collection of tiny little boxes full of coins. it'll look really pretty. then when i eventualy have enough money, it'll go towards my next holiday im saving for.
