Read below for a quick history lesson on the origin of the Piggy Bank… Originally known as the “Pygg Bank”!
No one invented the piggy bank. The piggy banks’ origin owes more to the history of language, than to an individual inventor. In old English (around the 15th century) there was a word “pygg” which referred to a type of orange clay. People made all kinds of useful objects out of clay, including dishes and jars to hold spare change.
Around the 18th century, the word “pygg” now sounded the same as the word for the animal “pig”. An unknown person(s) thought to shape a “pyggy” jar, to look just like a real “pig”.
Perhaps an order came in for a “pyggy” jar and the potter misunderstood.
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Get children to save
By now, it is likely that you have exhausted all the initial ’fun’ ideas used to encourage your kids to save money. Piggy banks, money trees, pocket money and small ‘bribery’ incentives. It is now time to begin introducing the term ‘Financial Education’, and taking the time to explain what it is all about…