![]() ![]() One of these jars was often used to hold coins. According to this, the piggy bank would also be appropriate for adults.Ī more popular theory is that, in fact, the original piggy bank had absolutely nothing to do with a pig! In the Middle Ages, when metal was expensive, an inexpensive, orange colored clay, called pygg, was the common media for making pots and jars, and was referred to as a pygg jar, for example. One theory is that just as it was common to purchase a piglet and feed it with scraps until it was finally ready for slaughter, so too we feed our piggy bank with small change (“scraps”) until it is full and then break it to reap the rewards of our investment. The question still remains, why is it called a piggy bank and why is it in the shape of a pig? This lesson seems to have been forgotten by many adults! Maybe we should keep a piggy bank in our front foyer and deposit our loose change as we come home each day! I digress … ![]() The piggy bank enables a child to save his money but forces him to justify its spending as in order to access the money he needs to break his piggy bank. Now why is that? The theory goes that this is to serve as a lesson in finances for children. To satisfy my curiosity I did some piggy bank research and have learned some interesting things and thought I’d share them with you.Īs you well know, many, particularly ceramic, piggy banks do not have an opening to remove the money. After selling piggy banks for more than a year in suddenly dawned on me, why are they called piggy banks? What does a pig have to do with saving money? A pig would be the last animal you’d associate with saving! Why not bunny banks or doggy banks and for that matter, why an animal at all?! Additionally, piggy bank sounds like it was intended as a child’s item as how many adults would use a piggy bank for collecting change?
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