Every person receives a piggy bank at some point in his or her childhood. It’s one of the most effective ways for parents to teach their children the value of saving money rather than spending it. More importantly, the piggy bank is also a good reminder for parents and young adults who may have forgotten the importance of saving. The piggy bank encourages saving because it provides children a physical place to store their money. And, unlike a savings account, which is a more difficult concept for many young children to understand - the piggy bank is tangible and the funds are readily available. Plus, counting the money will lead to saving more. The whole process allows the child to experience the satisfaction of saving money at a very early age.