The general use of piggy banks is to store loose change in a quaint, decorative manner. Getting a piggy bank for kids is an excellent way to teach children about the value of money and the importance of savings.

Piggy banks are widely recognized as a symbol for saving and frugality, leading many financial companies to use the piggy bank as a logo for their savings products. Piggy banks can make for a thoughtful gift idea to help educate little ones about budgeting and money practices.