Bank vs. Piggy Bank
@LaurenPogisky (131)
April 27, 2012 10:46am CST
Hello guys. I am just wondering if which one is better? To save money in the bank or to just save it in your home using a piggy bank. I am just a student who does not have a huge amount of money so I think bank interests would make much difference if I put my savings there. I cannot also deposit my money all the time so my bank account could lead to dormancy. I choose to just save in a piggy bank. Is this reasonable? What do you think? Pros and cons?
2 responses
@nonersays (3329)
• United States
30 Apr 12
For me it depends on the ammount of money in question.
My savings is not HUGE, but large enough to collect a little interest on. The interest makes it worth putting in the bank.
My sons savings, however, are under $80, so its not worth opening a bank account for, and is fine in the piggy bank.
@Porcospino (31366)
• Denmark
27 Apr 12
I do both. The money that I am saving up for travelling are in the bank and the small amounts are in the piggy bank. When I have bought groceries or other things I put my change in the piggy bank. When the piggy bank is full (that usually takes a long time) I take my coins to the bank and deposit them into my bank account. I don't want to keep big amounts of cash in my home in case I get burgled, but I keep the small amounts in my piggy bank because I can't visit the bank all the time.
