The piggy bank is one of the best ideas ever thought of, but it is so sad that most people abandon it as they grow older. This is mainly because the idea of owning one is associated with being a child. Yes! A piggy bank is a child’s first savings account, but that does not mean it should end there.

As adults, we grow up and have savings account in banks, which help us reach certain savings’ goals faster. While having a savings account is a great idea, it does not mean you should dump the idea of owning a piggy bank because you definitely need it. What happens to the loose changes you find here and there? Do you walk into a bank every time you have a spare change with no immediate use for?

You need a piggy bank no matter how old you are and here are five reasons why you do;

1. Emergency funds

There are times when you are hit with some emergency needs and cannot even afford to go to the bank, who do you think is going to bail you out? It is your trusted piggy bank. All those loose changes you have been putting together would become your saving grace one day if you own a piggy bank.

2. A good example for children

Children come into this world with a clean slate, the things they see around them shape their mind and their behaviors. So it is imperative to cultivate a piggy bank savings culture so that if you have children around you, they can grasp the importance of savings and put it into practice.

If children do not learn to cultivate the habit of savings at an early age, they might grow up having a spendthrift attitude, and this is not good.

3. Saving made easy

Everybody is advised to save at least a little portion of their income and most times, this can be really hard. But when you have a piggy bank at home, you can just throw in some loose changes every once in a while and voila! You are saving money.

As opposed to opening a savings account, you do not always have to make an effort to put money into your piggy bank. Dropping those loose change every once a while might not grow your savings fast enough but slow and steady still wins some races.

4. Organize your spare change

There is always some spare change lying around, which you have no immediate use for. When you start tossing them into a piggy bank, at the end of the year, the outcome might shock you. Without a piggy bank, those loose change might just be wasted because you cannot go to the bank every time you have a spare change.

5. Meet small goals

Your piggy bank savings can help you achieve some small goals asides your savings account. That new sandals or scarf you need for winter can be purchased with your piggy bank savings.

Conclusion

Piggy bank is a great way to save money both as a child or an adult. That loose change might seem insignificant but what if you had more of them in one place?

Yes, something to think about. The importance of being organized and prepared is a must with obtaining your purpose. Continue this conversation about identifying and obtaining their purpose by downloading our Free Ebook at www.reneesunday.com.