The Ultimate Piggy Bank Buying Guide: Types, Features, Prices, and Tips
Overview
Piggy banks are an excellent tool for teaching children about the value of saving money. They come in a variety of types, sizes, and materials, making it easy to find one that suits your needs. This buying guide will provide you with all the information you need to choose the perfect piggy bank for your child or yourself.
Types
1. Traditional Piggy Banks: These are the classic pig-shaped banks made of ceramic or plastic. They are available in a variety of colors and designs and are perfect for children.
2. Digital Piggy Banks: These banks have a digital display that shows the amount of money inside. They are perfect for older children who want to keep track of their savings.
3. Money Jars: These are clear jars with a slot on the lid for inserting coins and bills. They are perfect for children who want to see their savings grow.
4. Novelty Piggy Banks: These banks are shaped like animals, cars, or other objects. They are perfect for children who want a unique and fun way to save money.
Key Considerations
1. Material: Piggy banks are made of different materials, including ceramic, plastic, and metal. Ceramic banks are fragile but look great, while plastic banks are more durable but less attractive. Metal banks are sturdy but often more expensive.
2. Size: Piggy banks come in different sizes, and you should choose one that suits your needs. Larger banks can hold more money, but they are also more cumbersome.
3. Security: Some piggy banks come with a lock or combination to keep the money safe. This is an essential consideration if you plan to store a significant amount of money in the bank.
4. Age: Consider the age of the child when choosing a piggy bank. Younger children may prefer a traditional piggy bank, while older children may prefer a digital bank.
Features
1. Digital Display: Digital piggy banks have a display that shows the amount of money inside.
2. Locking Mechanism: Some piggy banks come with a lock or combination to keep the money safe.
3. Removable Stopper: Many piggy banks have a removable stopper that allows you to empty the contents without breaking the bank.
4. Sound Effects: Some piggy banks make sounds when coins are inserted, which can be fun for children.
Prices
Piggy banks are available at different price points, depending on the material, size, and features. Traditional piggy banks can cost as little as $5, while digital banks can cost up to $50. Novelty banks can be more expensive, depending on the design and materials used.
Tips
1. Encourage your child to save regularly by setting a savings goal and rewarding them when they reach it.
2. Teach your child about the value of money and the importance of saving.
3. Consider purchasing a piggy bank with a digital display to help your child keep track of their savings.
4. Choose a piggy bank that suits your child's personality and interests to make saving money more fun.
FAQs
Q: Can I use a piggy bank for coins and bills?
A: Yes, most piggy banks have a slot for inserting coins and bills.
Q: How do I empty a piggy bank?
A: Most piggy banks have a removable stopper that allows you to empty the contents without breaking the bank.
Q: What is the best material for a piggy bank?
A: The best material for a piggy bank depends on your needs. Ceramic banks look great but are fragile, while plastic banks are more durable but less attractive. Metal banks are sturdy but often more expensive.