Pair: 12 ABM 2

Karyl Cambel Cyrene Tabilla

REPORT

When my pockets and wallets are filled of coins, the clever trick is to put the money in a
specific place, like a piggy bank, instead of losing it. When it comes to financing, setting goals is
always important, and using a piggy bank is an easy way to reach those goals. Whether you’re
thinking of something flashy like eating outside, try to buy a new dress, and for a family
vacation.

With a piggy bank, you can literally see your money grow every time you save. Then, when
you’re old enough to work part time, you should know that it’s wise to transfer part of your
salary into savings account. This is a great habit that you will maintain as you become an adult.
Funding a savings account can also help you prepare you for emergencies or other unplanned
life events.

Bank Accounts are secured rather than using a piggy bank. Using a Piggy bank is not
good and in a savings account is having the advantage of protecting money by keeping it
somewhere to prevent it from being lost, destroy or stolen. Piggy banks are not very secure
and can be easily broken or transported. Temptation avoids the urge to use, spend and keep
money out of reach. A piggy bank is convenient of grabbing money here and there, and it will
leave you bankrupt. In the bank your money is protected from theft or fire. Also, your money
is federally insured, so you can get your money back if your bank or credit union closes. A
bank account will help you get a loan, because banks tend to give preference to their existing
customers, especially those versed in money management.