Do you believe in the essentiality of saving in a piggy bank?

Starmix

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It might be not interesting to you but mind you, I was saved with by my savings at home in a piggy bank. Every day, I throw 100 pesos ( $2) at my piggy bank. I just ignored my savings, I just want to save at home for emergency purposes and it did help me during the pandemic when banking was impossible. The series of lockdowns banned people from going out and we could buy goods through a request. We ran out of cash but I remembered my lovely piggy bank. We were saved by it and counted how much, and I was so stunned when my savings reached 100,000 pesos ( $2000). I got only P20,000. I did not want to empty my piggy bank. In conclusion: we can never underestimate the power of a piggy bank.
 

King Belieal

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I have an e piggy Bank that I drop funds into. It must not be that traditional piggy bank but any platform that you just drop random cash to save can be seen as your piggy bank.
 

Starmix

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It is helpful for safekeeping and future use. It was proven true during the pandemic when a series of lockdowns hampered us from withdrawing money in the ATM machine.
 

Starmix

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It's very useful having a piggy bank. There is always a little money we can rely on. But when I counted my savings in the piggy bank it reached $1, 500. I was stunned.
 

freelancermaria

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Yes, never underestimate the importance of a piggy bank; it can be a lifesaver in an emergency. In my case, I opt for a mason jar instead of a traditional piggy bank. In addition to that, I also make use of envelopes for my savings. It is a bit unconventional, but it works for me. Hehe
 

Sawe

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That is a powerful testimony you have shared here. Indeed a piggy bank can be underestimated but it can save you so much money. Especially if you are someone who handles cash daily, putting some coins and few notes there will save you a lot at some point.
 

Starmix

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That's true. My piggy bank always saves me especially during the pandemic when there was series of lockdowns. We can't withdraw money.
 

You

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No, I don't believe in saving in a piggy bank. I prefer more strategic and interest earning options like high-yield savings accounts.
 
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