Do kids have piggy banks these days?

Icollecteverything

I am sure that for many of us old geezers that having a bank when we were kids was a major part of our introduction to coins and money in general. I never had an actual piggy bank but had several different types that I would empty out and sort and count the pile. I wish I still had the Mr. T bank that my friend got me as a gag in the 80's. I always thought it was weird that with some piggy banks the only way to get the coins out was to smash it.

So do young kids have banks now full of coins or do they just have an account on their phone?

kevinstang

I doubt it, most don't carry cash or coins these days from what I have seen. Many parents just give them debit or credit cards (in their own name now even). I love standing in line behind them at convenience stores when they buy something for $2 or so and have to wait while they run the card...

cladking

One young friend uses a "Pigasus". Her mother made a hollow winged pig with a slot in it for her.

She and her mother have a sense of humor.

vulcanize

My kids used to have them when they were younger including one in the shape of a rather ugly toad and the other one was a fancy ATM types where you pop in a supposedly "debit card" to activate the system to feed in notes and coins separately, then punch in the numbers on a display etc.
Poor fellows didn't know that we used to raid it every now and then to pinch the currency notes to tip the pizza delivery guy etc.

TurtleCat

I never had one. Growing up poor makes them irrelevant, lol. I would imagine most people don't raise their kids with the idea of saving period let alone coinage. It was a useful lesson on delayed gratification that would benefit many people.

coinbuf

I would guess that the percentage that do have a piggy bank of some type is very low.

snizzle

My 2 grandkids have piggy banks papa feeds the pig.

moursund

@snizzle said:
My 2 grandkids have piggy banks papa feeds the pig.

Hmm... I hope to have grandkids within the next decade... maybe I can find a nice glass pig that won't easily break or be pilfered, and feed it with common buffs and indian pennies and a few mercs and suchlike...

LanceNewmanOCC

it is probably crypto and nft banks now.

Rampage

I still keep a piggy bank. It is an antique fire extinguisher. I only put nickels, dimes, and quarters in it. When it is full, it usually pays out about $1,750. Not a huge sum of cash, but it does pay for a nice coin.

moursund

@LanceNewmanOCC said:
it is probably crypto and nft banks now.

And they play with wooden block chains

ricko

I will have to ask my nephew... he is the only one in the family with young kids now. I do not recall any of my grand kids having piggy banks... or any type of coin reservoir... My brother and I never had them... Sock drawer for special coins I collected once I had a paper route. Cheers, RickO

Icollecteverything

@TurtleCat said:
I never had one. Growing up poor makes them irrelevant, lol. I would imagine most people don't raise their kids with the idea of saving period let alone coinage. It was a useful lesson on delayed gratification that would benefit many people.

I'm sure my wife didn't have one because they were really poor. When you are poor if you get some money you immediately go buy stuff. I had to teach here that saving was actually a good thing even if you start small.

Icollecteverything

I think some enterprising kids could make out really well relieving relatives of all that heavy change they are carrying around. Maybe wallets will be the next thing to go away. Who needs a wallet when you have a phone?

HATTRICK

speaking of enterprising kids. my grandkids ages 11 and 7 made a stand in their front yard selling cucumbers & zucchini from their garden. They Included a recipe for zucchini bread with purchase. Made a killing and blew away all the cool aid stands. Many people said how cute and what an original idea and gave them $5 and said keep the change. Many repeat customers. They use a small watering can to save for a rainy day.

vulcanize

@Icollecteverything said:
I think some enterprising kids could make out really well relieving relatives of all that heavy change they are carrying around. Maybe wallets will be the next thing to go away. Who needs a wallet when you have a phone?

My kids got wallets for themselves when they turned 16 to carry their driver's license and debit card for urgent small purchases. They ofcourse have their mom's credit card info stored on google pay and apple pay etc.

Crypto

My first born does and I put like 200$ worth of silver and old type out of julians shop. Hoping he would come to me one day and say dad look at all this cool stuff. Still waiting 11years in

Steven59

Are we even allowed to say "Piggy Bank" anymore???????

anablep

My daughter has a few piggy banks, keeps her allowance there (she gets paid $2 in dollar bills for spending money & $3 in golden dollars/SBAs to save in her banks). Another bank of her's has foreign coins, buffaloes, wheat cents & silver.

Jimnight

IMO ... no.

Hydrant

Yes....🐖 👶

Along

Yes, both of my kids do. Their weekly allowance gets paid in $1 coins.

JWP

My grandkids all have banks of one or another. I myself put my change in a glass water cooler bottle. I just love to hear the coins go cha-ching.

HATTRICK

you are never too young to save and a piggy bank or similar receptacle is a good way. My granddaughter had a school project on supply and demand. What she made was in the biggest demand and everybody wanted one.

Floridafacelifter

My three each have three jars- 10% to tithe, 10% to save and the spending jar

JWP

@HATTRICK The only thing that could improve your picture is if the little piggies where Mountain Dew bottles. Love it, thanks for the laugh.

DrBuster

I have one. It's a bowling pin.

HATTRICK

@JWP said:
@HATTRICK The only thing that could improve your picture is if the little piggies where Mountain Dew bottles. Love it, thanks for the laugh.

You are welcome. Each kid in her class made something to trade with the other kids as a trade lesson on supply and demand. She learned the demand for her banks was far greater than the supply. I believe she made them out of water bottles. I agree with you as Mountain Dew was my favorite drink when I was young.

DeutscherGeist

Once I have kids, they will have some kind of money reservoir. I use an actual piggy bank right now to keep all the copper pennies I come across. I use a metal can container, designed as a coin reservoir, but came filled with candy, initially, for loose change.

I have some other money reservoir containers that have been in the family for decades. They are likely collector's items now. I did gift some money reservoirs to the children of friends and family so that they get an early start in saving, looking at coins, and counting.