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Saving For A Piggy Bank

| May 27, 2013 | 6 Comments

RACHELTHEPIG

I’m in the market for a piggy bank.  You read that right…a piggy bank.  I save my change.  Any time I can get my hands on some.  Like so many Canadians, I tend to use my debit or credit card most of the time, however, I still use cash frequently.  I often end up coming home with handfuls of change.  Currently held in a metal tin, my change needs a new home.

Do you know the origin of the piggy bank?

  • An old English word “Pygg” refers to the type of orange clay used to make all kinds of useful objects, including jars (pygg banks) used to hold old coins.  Sometime in the 18th century, unknown potters were asked to make pygg banks for coins.  Thinking “pig” instead of “pygg”, the potters made the banks in the shape of a pig, the common farm animal.
  • Piggy banks come in all shapes and sizes, and are no longer limited to being made into the shape of a pig.
  • Most piggy banks made today are made of ceramic or porcelain.
  • Piggy banks are an excellent way to help teach your child the value of money.
  • One of the largest piggy banks in the world is Rachel – a 600 pound bronze piggy bank  found in Seattle, Washington (see photo at top of post).  Rachel brings in a reported $9,000 per year (donated to charity), and even has her own Facebook page!

 

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Image courtesy of Front Street Antiques – Etsy

My love of piggy banks started at home.  My mum used to have this massive ceramic piggy bank (pictured above) that she was given as a child in the 1930’s.  I adored that pig.  It had one huge belly and it seemed like that belly was always full of coins.  I’ve never seen another piggy bank like it since.

I’ve owned a few piggy banks in my time.  My first piggy bank (and my favourite) was a ceramic piggy bank featuring a black and white Snoopy on his back atop his red and white dog house .  I loved that piggy bank, but sadly, I sold it at a garage sale for next-to-nothing when I was a teenager (too embarrassed to own such a thing).  Stupid me.

I also had an apple piggy bank when I was a kid. It was battery-operated and had a worm that would pop out of its mouth and eat your coin.  It was pretty cute.  I’ve had 2 ceramic pigs that were pretty, but nothing special.  Both met their demise after being knocked off a table.  The last piggy bank I had was a beautiful ceramic “cat” piggy bank that was a mosaic of gorgeous colours.  Sadly, it also ended up broken by accident.  That was a few years ago, and since then, I’ve been throwing my change in an old metal can.

So why do I still love saving my coins?  Throwing your coins into a piggy bank (or some other receptacle), is an excellent way to save money for something big.  Many a piggy bank have provided me with enough gas money to cover the costs of entire road trips!

I have one rule when I drop my coins into my piggy bank:

WHATEVER COINS DROP INTO THE PIGGY BANK…STAY IN THE PIGGY BANK!

That means NO sneaking a couple of Loonies or Toonies out of  my piggy bank for that morning coffee and doughnut.  Coins must be saved up and not touched until I am ready to make that big purchase!  No ifs, ands, or buts!

What about you, Ottawa Mommy Club readers, do you have a piggy bank?  If so, what does it look like?  What do you spend your coins on?

By the way…if you know of a great place to buy piggy banks, I’d love to hear about it!

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Rachel The Pig Photo credit: Loco Steve / Foter.com / CC BY

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Category: Family, Finance, Living, Moms

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  1. Maria Iemma says:

    I am piggy bank crazy, I save quarters in one, and the rest of the change in another. I love them and it makes me feel so good when I pick them up and I feel the heaviness — We use our change for family vacations and every year we seem to have enough money to pay for the gas to get to the chosen vacation spot.

  2. Sandy says:

    Great to hear from a fellow piggy bank lover, Maria! So glad to read that your change also helps you out with family vacations. It’s amazing how fast that loose change can add up! Thanks for reading and commenting 🙂

  3. Kaycee Mason says:

    We use glass bottles! When I was a kid I saw this huge glass bottle half full of change, I’ve been obsessed every since! 😀

  4. Sarah says:

    My husband and I put our loonies and twoonies into a piggy bank (shaped like Garfield). When we were renting we would fill Garfield with our change for laundry. When we moved to our first house 3 years ago we just kept putting the money in and now we save it for a rainy day – usually we use it for trips. When we went to New York City before our daughter was born Garfield provided our spending money 🙂 My daughter how has a piggy bank on her dresser (not a piggy but a block with ABC) and when she is old enough I will encourage her to use it (she’s only 15 months now).

  5. Sandy says:

    Glass bottles are a great idea, Kaycee! You can see exactly what you have saved up. Lol…then again, that would be awfully tempting for me. I’m better to have mine hidden in something that doesn’t allow me to see it. Thanks for reading and commenting!

    A Garfield piggy bank, Sarah! I love it! Yep, I used to do the same when I was renting. I much prefer to save my change for vacations now 🙂 I love how you are passing your savings habits to your daughter. One day she will likely be doing the same and saving her change for a rainy day. Thanks for reading and commenting!

  6. kathy downey says:

    I put our loonies and toonies into a Mason jar piggy bank

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