Carpon
Valued Contributor
A piggy bank is actually a small structure that at times is made from clay or any appropriate material and usually has a small opening which can allow cash to be slotted into it but cannot be removed easily.
Many people will refer to this method of saving as old and outdated but indeed, it is a very good way to save money because;
1 It is makes it harder for you to remove the money and use it up unlike bank accounts which you can withdraw money at anytime regardless of the reason for the withrawal.
2. It does not require the process of account creation which may at times be long, stressful and you may encounter some problems on the process.
3. You can easily deposit into it regardless of amount that is to say, you can put any amount regardless of how little it may be.
Even if the amount is much you can get as many piggy bags as needed
The only problem that may be faced is security as you may get robbed easily.
Many people will refer to this method of saving as old and outdated but indeed, it is a very good way to save money because;
1 It is makes it harder for you to remove the money and use it up unlike bank accounts which you can withdraw money at anytime regardless of the reason for the withrawal.
2. It does not require the process of account creation which may at times be long, stressful and you may encounter some problems on the process.
3. You can easily deposit into it regardless of amount that is to say, you can put any amount regardless of how little it may be.
Even if the amount is much you can get as many piggy bags as needed
The only problem that may be faced is security as you may get robbed easily.
