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Piggy bank
PIGGY BANK

Definition: A container in the shape of a pig, with a narrow opening in the top for putting coins in, used by children to save money.
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* All seven elements would be in.


1. Purposeful and necessary (to emphasize).

2. Solely owned. That is, a child does not have a 'joint account' with another child! In other words, no co-ownership of container.

3. Container has an opening from which a 'withdrawal' can be conveniently made, when necessary.
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See perfect GIRL-CHILD TRAINING.
Below the Line
1. Container is under the care, safety and control of an honest adult, elder, parent(s), etc. That is, bank never goes 'under' or goes into 'liquidation'!

2. Container (= account) is never opened or broken into (= debited) until it is full (= maturity). (Connect to #3 above the line.)
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See perfect PROBITY.


further below the line


1. Account owner (= child) seeks and obtains direction (= financial advice), from an adult/elder/parent, etc. on what to do with money on maturity.

2. Savings (= money) is used as exactly decided by the account owner (= child), whatever he or she does with the coins! That is, 'bank' serves purpose(s) for child. (Connect to #1 further below the line.)
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See perfect PEER PRESSURE.


Quote: "When children learn how to save, they also learn important lessons about discipline, patience and self-reliance. They learn, literally that money does not grow on trees, and that instant gratification - a major problem of today's culture - is not always wise. Thus, saving also builds the character of the child. And character is, of course, the foundation for a successful life". - Dr. Mrs Ngozi Okonjo Iweala.

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