Origin of Piggy Banks
The term “Piggy Bank” is commonly used to describe a small container used usually by children to save money. Piggy Banks originated in the Middle Ages, where people often stored their money in earthenware jars. The most commonly used earthenware during this period was known as ‘pygg’. In the 18th century, manufacturers began producing the containers in the shape of pigs, which is how we know them today.
Why are they called “Piggy Banks”?
The term “Piggy Bank” comes from the material used to manufacture the original containers. The earthenware used to make these pots was nicknamed “pygg.” Before the containers were made in the shape of pigs, they were known as “pygg jars” or “pygg pots.” When manufacturers started producing containers in the shape of pigs, the phrase “pygg jars” later evolved into “Piggy Banks.”
How Piggy Banks became popular
In the early 20th century, Piggy Banks became popular due to their charm and conservation value. People in rural areas used to keep pigs, and they would save their change in the pig-shaped containers. It was a way to save money for the future. Children loved the containers, and parents would often give them to their children as gifts. This helped teach children the value of saving money and financial literacy.
Unique Piggy Banks
In recent years, people’s fondness for Piggy Banks has not diminished. They remain popular as saving containers and ornamental objects. The containers are also available in various materials like plastic, glass, and ceramic. There are even unique Piggy Banks made of stainless steel, wood, and even gold. Piggy Banks exist in all shapes and sizes, and some are so unique that they have become collector’s items.
Piggy Banks have come a long way since their origins, and despite the variety of new ways to save money, they remain as popular as ever. They are not only decorative objects but also a tool for teaching children about financial literacy and saving. Nowadays, the containers have evolved into fun and unique shapes and forms and are enjoyed by both children and adults all around the world.
