Piggy Banks of the 21st century
Keeping a Piggy Bank is almost a lost art. Its utility however is especially felt when you are in need of some ready cash.
These days having a savings account in a bank is one of the most common practices. From teenagers to adults, almost everyone seems to have some form of a savings account. With this growing practice, the old school way of saving money, popularly known as “Piggy Bank,” has slowly begun to fade out.
Once an extremely common habit, the Piggy Bank is now a thing of the past for many people. Gone are the days where people saved a small amount at the end of a week or month to eventually accumulate into a bid savings. This change in habit can be more easily understood if seen from the perspective of the fact that expenses of people have risen by quite a margin in recent years. Due the need of people to spend more, their habit of saving small amounts of cash in a Piggy Bank every so often has dwindled, which in turn has shifted their mindset toward saving only significantly larger amounts in more secure locations such as banking institutions when they are able to do that. These days in the 21st century the very idea of Piggy Banks sounds outdated for many people.
Despite the challenges in starting a Piggy Bank for oneself, the whole idea isn’t entirely impossible. After all, that is how people saved up in the past. For starters, you can begin by simply putting away Rs. 500 to 1000 or any amount you wish in an extra purse or wallet, and storing it somewhere where you are unlikely to look often, such as hard to reach shelf or cupboard. This way, the Piggy Bank can be safe from your daily spending, and you can try to make an extra effort toward adding additional small amounts to it.
These days having a readily available source of cash is a common norm in the society. With ATM machines around various spots of the city, getting cash right away is not a problem. But there are those occasions when one cannot access an ATM right away or something urgent comes up at home. It is at those times that the handy old Piggy Bank at the top of the shelf comes to save the day. Savings is invariably a long-term effort, so if one is to approach the practice of “Piggy Bank,” then it must be done with that thought in mind. At the end of the day, no one really minds having a small stack of money safely tucked at a corner in the house.
