my piggy bank essay for class 1

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Are you good with money? Read the text to find out about British teenagers and their cash!

Instructions

Do the preparation task first. Then read the article and do the exercises to check your understanding.

Preparation

What do you do with money? Do you spend it or save it? Do you keep money in a piggy bank or do you have a bank account? Do you get pocket money from your parents or do you work to earn money?

Pocket money

Most teenagers in Britain receive pocket money from their parents. A report by the Bank of Scotland interviewed over 1,000 young people in Britain and found that 77 per cent get pocket money. They might have to do chores to get their pocket money, helping at home with tasks like cleaning, cooking, washing up, taking out the rubbish and ironing.

Different families give different amounts and the average for eight- to fifteen-year-olds in the UK is about £6 a week. Children in Scotland receive more than the national average and Londoners get the most. Teenagers, logically, get more money than younger children. Some fifteen- to nineteen-year-olds receive more than £100 a month. The report found that many children save at least a quarter of their weekly pocket money and that more boys than girls save their money. 

I get £80 a month. I have to buy my own clothes with that too. Chris, 17, from London

I get £5 a week. I get it on Saturday after I clean my bedroom. Charlie, 13, from Edinburgh

Part-time work

A part-time job is an option for teenagers who don’t have pocket money or who want to earn extra money. About 15 per cent of teenagers have a job. Only children over 13 can work but there are some exceptions, for example, for actors. Popular part-time jobs for teens include babysitting, delivering newspapers to houses, shop work and restaurant or café work.

There are strict government laws about children working. They can work a maximum of two hours a day on a school day but not during school hours. At weekends and during school holidays, they can work longer hours. As for wages, the national minimum wage for under-18s is around £4 per hour and it increases every year. The minimum wage is higher if you are older.

I babysit for my neighbours. Looking after young children in their home when their parents have gone out for the evening is a popular job for teenagers. You get paid for watching children and television all at the same time! Sam, 16, from Chesterfield

I work in a greengrocer’s shop on Saturday mornings. I get £5 an hour. Not much but it means I can buy new clothes or whatever I want. Amber, 15, from Aberdeen

In Britain, some children and teenagers have a bank account. There is no legal age limit at which you can open a bank account but a bank manager can decide whether to allow a child or young person to open an account. Parents can put pocket money directly into their child’s bank account. Some banks have a prepaid bank card designed for young people. Parents can add pocket money to the card then children can use it to pay for things, without carrying money.

It’s good for kids to have a bank account so that they can learn about how to save money and how to be responsible for their own money. I’ve had a bank account for ages. Jana, 16, from Canterbury

I don’t need a bank account – I keep my money in my piggy bank at home. I’m saving up for some new football boots. My dad says that it’s not the safest place to keep money but at least the bank isn’t making a profit from my money! Ruth, 13, from Warwick

So, many teenagers are getting experience of working part-time, dealing with banks and deciding whether to save or spend their money. These are all steps towards becoming a financially independent adult and earning and looking after your own money.

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Do you get pocket money from your parents or do you work to earn money? What do you spend your money on?

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• Financial Accounting

My very own piggybank - L1

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What Are the Advantages of a Piggy Bank for Kids?

Getting a piggy bank for kids is an excellent way to teach children about the value of money and the importance of savings. For smaller children, a piggy bank can be a good way to teach about coins and bills in terms of how much each is worth. Older children can be encouraged to learn how saving money can be beneficial to them in later years, instilling in them an important concept that will be used all throughout their lives. Getting just one piggy bank may not be enough, since multiple banks can be used to separate spending money from money to be saved.

A piggy bank is a toy shaped like a pig that allows for the deposit of coins or, in some cases, bills. While kids may look at their piggy bans as toys, they can actually be valuable teaching tools for parents and guardians. Saving money is a skill that will be useful at all points in a person's life, since those people who master this are generally better prepared for financial calamities and are more equipped to make big purchases. Getting a piggy bank for kids can start them on this road to financial prudence.

One way that a piggy bank is useful is as a method of teaching small children how money works. Kids who are just entering school might not understand the concept of how money is used and how much each coin or bill is worth. As an example drawn from the monetary system of the United States, parents can use the piggy bank to show kids that a penny is worth one cent ($0.01 US Dollars or USD), a nickel is worth five cents ($0.05 USD), and so on.

For those children who have a more advanced knowledge of money, a piggy bank can help them learn how to save. Some parents may wish to encourage saving by teaching kids the concept of interest. These parents can offer small interest on all of the money saved in a piggy bank for kids, letting the children see how that money accumulates over time.

Just one piggy bank for kids might not properly teach saving skills, however, especially if kids quickly spend the amount that they put in their banks. As a result, parents might wish to have their kids keep multiple piggy banks. One could be singled out for saving, while another could be utilized to accumulate spending money. In this way, kids can enjoy the money from one piggy bank while learning the importance of saving with the other.

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• By: Brian Jackson Piggy banks can be used to teach children to be responsible with money.

Why Should Every Child Have a Piggy Bank?

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What do you find most appealing in children? Is it their beauty? Is it their playfulness? Is it their innate humor? Apart from these, the most appealing thing about children is their innocence, their curiosity, and their belief or trust in their parents. Have you ever noticed that your children behave the way you do? You may feel embarrassed by it sometimes, but that is what children do. They try to ape you. They try to be like you. They believe in whatever you say. So, childhood is the time when you must educate your kids about the importance of money, as they believe in that.

Parents are the most important people in the life of children. Teach your children a lot of good habits. A growing family witnesses an increase in expenditure. This is the time you must educate yourself as well as your children on the benefits of saving money. This is where the importance of a piggy bank kicks in.

What is a Piggy Bank?

A piggy bank is not just a storage box for thousands of rupees. It symbolizes the essential habit of saving money. Putting a coin or two in a piggy bank has been fun for most of us in the olden days. However, nowadays parents are taking piggy banks more seriously because they have realized the utility and importance of piggy banks to teach children how to save money.

One of the most effective ways of parenting is teaching your child the value of money. Saving money is an essential skill you need to have in your life. Buying a piggy bank for your kids at an early age and encouraging them to fill it up with money can inculcate great saving habit in your children. Ask your children to drop the coins or currency notes received as blessings from their aunt, uncle, grandparents, etc. into their piggy banks. Even if they are young, start budgeting for your kids. The best thing they can throw into a piggy bank is leftovers. 

How Do You Encourage Your Children to Save Money in Piggy Banks?

Piggy banks are fun elements for children. They’re like toys that inherently attract children and hence encourage them to save money as they cannot understand the concept of real banks or savings account. Here is the list of things you must keep in mind while educating your kids about piggy banks.

Gift your children a piggy bank on their birthday.

Teach your kids about money and its importance.

Make it a ritual to fill it with a minimum amount weekly.

Set some financial goals for your children.

Give them a target, and if they reach it, gift them with something like a toy, a video game, or increase the amount of the weekly ritual.

Make a plan on how the money must be spent.

The Importance of Piggy Banks

Helps in Organizing Loose Change: You might often end up losing all the change under the couch, in your car, or under your pillow when you go for shopping. Piggy bank is a better way to organize this loose change. You can also save the right amount of money which go wasted every time.

Helps in Adding up Money: Setting up goals is one crucial thing you must do for your children. What do children like to buy usually? It can be a bicycle or a video game or a beautiful doll. Make them save every penny to purchase the toy they desire. This would keep them motivated toward the assigned goal. Also, it visually shows your children how close or far they are from achieving the goal.

Motivates You by Setting a Great Example: Piggy banks are effective ways to teach youngsters in the family about the importance of saving money. You might not save an enormous amount, but indeed you end up saving something with which they can buy a new toy or a new video game. This drives the children to save more and more, which benefits them in the near future.

Helps You to Save Always: “A penny saved is a penny earned,” said Benjamin Franklin. Savings must be a top priority for your children. It must become a habit for your children to save money. Tell them the purpose and importance of piggy banks. A piggy bank is just like a foundation for great savings. It’ll surely help inculcate a saving habit in your children.

Now that you know why you should educate your children about the benefits of saving money, rush to the market and get your kids a piggy bank. It creates a roadmap to a bright future in which they know how to manage their money. Have fun and saving more!

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10 Lines on Banks

Earlier, we all had a piggy bank or cash-box to save our money to use for some big purposes. I still remember that I once saved ₹ 500 in my Piggy Bank to buy a Carom in my childhood. Nowadays, banks do that for us and save our large sums for a long time. Let’s have a glance on the information about Bank through the sets of 10 lines below.

Ten Lines on Banks in English

10 lines, 5 lines, 20 lines, few lines and sentences on Banks are given below in the form of few sets for the students of Class 1, 2, 3, 4, 5 and 6 in very easy language. Just go through them and get your needed one:

1) Financial institutions which provide loans, accept deposits and manage monetary circulation are banks.

2) Banks are the government certified and highly regulated financial authorities.

3) Majorly there are two types of banks Commercial/Retail Banks and Investment Banks.

4) Commercial/Retail banks provide consumer service like deposits, withdrawals, short term loans etc.

5) Investment banks provide corporate services like underwriting, trading, shares, mergers etc.

6) Banking system found its evolution since the 14th century in Italy.

7) The oldest working retail bank is Banca Monte Dei Paschi Di Siena in Italy.

8) Bahrenberg is the oldest corporate bank working since 1590.

9) Bank of Hindustan was the first bank of India established in 1770.

10) The oldest working bank in India is State Bank of India established in 1906.

10 Lines and Sentences on Banks

1) Banks are the establishments recognized by the government to carry out deposits, withdrawals, monetary transactions etc.

2) Banks also provide short term and long term loans to individuals and corporate institutions.

3) Reserve Bank of India is the supreme banking institution which controls and regulates the circulation of currency and credit.

4) RBI also acts as a central control system for the entire banking establishment in the country.

5) RBI started its operation on 1st April 1935 as instructed in the RBI Act 1934.

6) Apart from dealing in monetary terms, banks also provide a locker system for depositing valuables like jewellery and important documents.

7) There are Gramin banks in villages which are a micro-financing system in rural areas.

8) Gramin banks act as a financial support system for the poor population in rural areas.

9) Apart from a financial institution, banks also act a large source of employment.

10) There are 19 nationalized banks currently working in India.

5 Lines on Banks

1) Banks are the place where money is transacted.

2) We secure our money in the banks.

3) Banks are governed by the government as well as private bodies.

4) Banks provide several types of loans.

5) Banks play a very crucial role in the economy of a country.

20 Lines on Banks

1) Banks provide funds for business and personal needs.

2) The Banking in India had started with the ‘Bank of Hindustan’ in 1770 and ‘General Bank of India’ in 1786.

3) The first three presidency Banks in India were ‘The Bank of Bengal’ in 1806, ‘The Bank of Bombay’ in 1840 and ‘The Bank of Madras’ in 1843.

4) Later in 1921, all the three presidency banks merged to a new bank ‘The Imperial Bank of India’.

5) ‘The Allahabad Bank’ which is currently a nationalized bank is the oldest joint stock bank in India.

6) On 19th July 1969, the Government of India nationalized 14 private sector banks including Bank of India, Allahabad Bank and others.

7) During the 2nd phase nationalization of Banks, six more banks nationalized on 15th April 1980.

8) Reserve Bank of India (RBI), which acts as the central bank of India, had established in 1911.

9) The Banking services in earlier times were not as much extensive as they are now.

10) The Banks provide with the facility to save not only your money but also your jewellery and other valuable items.

11) The banking system has become an integral part of the country.

12) Providing Loans to the customer is an important feature of modern Banks.

13) Banks work as a backbone for the economy.

14) Foundation of Banking system had led in India much back in Vedic Civilization.

15) ‘The Royal Bank of Scotland’ and ‘The Bank of England’ are some of the oldest banks of the world.

16) Banks play a lead role in promoting the habit of saving among the citizens.

17) The functions of banks other than accepting deposits and providing loans are the secondary functions.

18) National Banks, Retail Banks, Commercial Banks and Investment Banks are some types of Banks.

19) The main purpose of the banks is to provide ease on the financial issues to the people.

20) Almost all the banks, now a day, are also providing their services online in a fast and secure way.

Banks are the institutions which utilize our money in a better way and for the development of the country. They also help to keep a check on the inflation rate and control the price rise. With the introduction of new technologies, the workings of banks have become easy and quick, which has reduced the rush in the banks and also helped to speed up its overall process. Banks are the lifeline of an economy and significant for the development of a country.

FAQs: Frequently Asked Questions on Banks

Ans. The biggest bank in India is the State Bank of India (SBI). The State Bank of India is also India’s biggest bank. SBI began in 1806 as the Bank of Calcutta. In 1809, it got a new name: Bank of Bengal.

Ans. Industrial and Commercial Bank of China Limited has the most assets of any bank in the world as of 2023.

Ans. India has 34 nationalized banks right now, 12 of which are government banks and 22 of which are private sector banks.

Ans. Maidavolu Narasimham is considered as the father of banking in India. He was the first governor of the Reserve Bank of India and led many changes in the banking sector.

Ans. Chennai is known as the “Banking Capital of India” because it has a lot of business and banks. Through back office work, the city helps more than 900 million people all over the world.

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DIY Corner! Piggy Bank For Kids

Money is an important aspect of our lives. Learning how to maintain our budget, spending wisely and saving are all essential and healthy financial habits. Teaching our little ones the same is a crucial part of imparting them life lessons. 

Here’s a simple DIY piggy bank to get them interested in saving money!

Things You Need

• Empty shoebox
• Colourful papers / Wrapping paper
• Child-friendly scissors
• Cellophane tape
• Sketch Pens
• Simple decorative items – sequins/ glitter/ stickers (optional)

Download the stickers for your piggy bank here

• Clean and close the shoe box. Seal it with tape on the sides to prevent it from opening.
• Help your child cover it with wrapping paper or any of the colourful papers of their choice with glue.
• Set it aside to dry.
• In the meantime, discuss with them what they would like to decorate their piggy bank with. 
• Prepare the decorations. (apply sequins or glitter or stickers or paint words like ‘Save, Travel, Live’ etc.)
• Once the decoration plan is decided, get the covered box and make a slit to slide in the money. 
• Next, add the decorative items. Personalise it by writing your child’s name.

The whole activity will serve as a fun time with your little one while you explain to them the concept of money and the importance of saving it.

Do let us know in the comments section if you made a piggy bank with your child. For more such fun DIYs, click here .

About the Author

Mariam Taqui

Mariam Taqui Ali (pro tip: the middle name is pronounced tuh-key) A Word slayer, pluviophile, baker, traveller; among other things, knows the correct usage of punctuation and the difference between your and you're. She spent some time (read a lot of time) writing, editing and keeping track of word counts. Her trysts with writing and editing has led her to interact with experts from diverse industries like healthcare, wellness, HR, business and technology. Having experienced all that, she continues her professional explorations, to learn, to grow and to be a value add. Drop in a line at [email protected] if you liked her stories, have something nice to say, or if you have compelling ideas to share!

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Vibhuti Sharma

July 18, 2021

This is a good idea for making a piggy bank. Thank you for this method.

It is good for all thanks

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Easy DIY Piggy Bank Craft Ideas For Kids

19 Easy DIY Piggy Bank Craft Idea For The Kids That Makes Them Save Money.

Do your kids know the value of money and the value of savings? If the answer is NO, then how about we start with something fun that made the young minds curious and attentive to save their last penny.

Almost every kid gets money as a gift or rewards most of the time. And they make sure to hide their money in a crafty place where nobody can find them. Let’s step up and help them to make their own DIY Piggy Banks that are easy and adorable saving banks for your kids.

1. Your Own DIY Airplane Coin Bank Plastic Bottle

The first DIY piggy bank we are going to make easy and simple, it just needs a few supplies that probably you can get from your home. The Airplane DIY Piggy Bank main craft is made from a reusable plastic bottle. So, in our first, we are starting with a bang a reusable craft as well as a DIY piggy bank to save our money.

Supplies : 1 clear water bottle; stock paper, tape, and scissors.

Suitable For : 2-5 years

2. A Unique DIY Piggy Bank For Globe Piggy Bank

This next DIY piggy bank craft is so cool and aesthetic to make and look at. Even some people might be jealous of your piggy bank. One can use it as décor in their house and Of course! a place to save some monthly savings or your secret letters. Kids will have a real blast in making this unique piggy bank craft as they draw or create anything of their liking personal globe piggy bank.

Supplies : World globe, acrylic paints, gold spray paint and a scissor.

Suitable For : 3-10 years

3. Micky & Minnie DIY Piggy Bank

Next, is our childhood and every kid’s favorite Disney characters Mickey & Minnie Mouse. These are super cute Mickey and Minnie DIY piggy banks that are easy to make and simply lead to the childhood days of just watching Disney cartoons. What’s better than including your child’s favorite cartoon characters in form of a saving money habit.

Supplies : 2 Mason jars, red, white and black acrylic paint, cardstock paper, scissors, and a glue gun.

Suitable For : 2-7 years

4. A Multipurpose Piggy Bank Kit

This DIY craft is for all parents who want their children to grow with empathy, kindness and know the value of savings. Early childhood is the best day to cultivate a positive impact on your child. This three-tier cans piggy bank kit is a perfect example to teach young minds the kindness of giving, savings, and the fun of spending on the right things.

Supplies : 3 tin cans, acrylic paints, colored stock paper, scissors and a glue gun.

Suitable For : 2-10 years

5. Easy Cereal Piggy Bank Craft At Home

Here is another great piggy bank craft that put the use of reuseable things that was going to be thrown in the garbage bin. This cereal box piggy bank can be with a few simple art supplies and in an empty cereal box one can create an easy piggy bank at home. Not kids are using waste products for good things they are also learning the art of saving money.

Supplies : Cereal box, color stock paper, googly eyes, scissors, and a glue gun.

6. Mason Jar Superheroes Piggy Bank Craft

Now it’s time for our superheroes. Pave the way for Batman and Superman. It’s a perfect accessory to your kids’ fandom for comic Superheroes in their bedroom. This DIY mason jar superhero piggy bank craft is here to help your child’s creative craft mind and hustle of saving money.

Supplies : 2 Mason jars, acrylic paint, colored craft paper for superhero logo, and a glue gun.

7. Minions Coin Bank DIY Craft

We love our minions impeccably. These one-eyed googly eyes are super adorable to make and can be made from a simple mason jar. Just need a few extra things like paints yellow and blue for their shirt and denim pants and one cannot forget the googly eyes to give the minions signature look.

Supplies : 2 Mason jars, googly eyes, yellow and blue acrylic paint, brown pipe cleaner, and a glue gun.

Suitable For : 2-8 years

8. Easy DIY Tube Piggy Bank Craft Just For Your Kid

Now, this is something a slightly more interesting and unique DIY Piggy Bank project. This 4 feet tall mail tube piggy bank is required patients and a ton of fun in making. It brings out your child’s obsession with crafting and you have to run to your art supply store to fetch the supplies in making.

Supplies : A long tube, silver scrapbook paper, yellow and pink craft paint, and craft knife.

9. Easy Tissue Piggy Bank Craft Idea

The idea of teaching your child the value of saving from early childhood is the best lesson parents could give for adulthood. It creates the child’s development of knowing how much money matters and how to save for the future. If the child develops the knack for saving that sure going to help them in adulthood.

Supplies : Baby Wipes container, milk bottle caps, pink and black stock card, googly eyes, marker, scissors, and glue.

10. DIY Paper Mache Coin Bank Dinosaurs

This Paper Mache dinosaur piggy bank is the longest to make. So, be patient and teach your child the art of patience. It is a perfect blend of creativity and a serene DIY project. This is the right project for all hyper children who can’t sit still few seconds. Not it just will have a creative impact on your child’s psychology it will help them to calm and enjoy the small task of completing a project.

Supplies : Mache paste (1 part flour, 2 parts water mix and microwave for 40sec and mix in a thick paste with no lumps), strip old newspaper, balloon, and paints to decorate dinosaur.

11. DIY Personal Self-Sorting Coin Bank Kit

We all have a bag of loose change coins that we are unable to use. Give them to your child as allowance and turn the clutter into your kid’s piggy box. This self-sorting piggy bank for the clutter of loose ten, fives, and pennies. Made with a simple card box but do the purpose of saving money and creating crafts from the recycled box.

Supplies : Used cardboard box, clear plastic wrap, craft paper, scissors, and a marker.

12. Piggy For Your Piggy Bank

Let’s make some shiny and glittery DIY Piggybank. This next DIY project is satisfying and super easy to make. And the easiest part is you don’t need many supplies. Grab your favorite color ultra-fine glitters and convert your old boring Piggy Bank into a shiny new Piggy Bank. It is so cute and artsy that every child wants to add to their DIY project. Mind it, parents, it can be messy to deal with the blast of glitters everywhere. But, it is all worth of time of your child’s creating art.

Supplies : Your old piggy bank, scrap paper, paper towels, sandpaper, ultra fine glitter, mod podge, and spray sealer.

13. DIY Piggy Coin Bank Plastic Bottle

What’s cuter than a clear baby piggybank adorns with adorable ears and eyes. It’s the cutest piggybank we have been made so far. This DIY piggy bank is made from a reusable plastic bottle and a few art supplies. And lo and behold we got our own most adorable piggy banks to stash the money.

Supplies : Clear plastic bottle, scissors, colorful craft paper, marker, and a glue gun.

14. Creative Paper Piggy Banks For Your Savings

Next is how to use your old card box creatively and turn it into a DIY piggy bank. Most of the houses get home delivery at home and after we a left with a pile of cardboard boxes that are going to be thrown in the garbage. This DIY paper piggy craft will help to reduce landfill wastage. Make as much as you want you just need a few supplies and gift them to your friends and family.

Supplies : Used cardboard box, glue, scissors, and thick threads.

15. Easy Piggy Bank Kit To Make At Home

Creative has no limits. That is truly true in the case of the next DIY project. A piggy bag made out of a used baby formula tin can. Not just does it fulfill the purpose of upcycling it allows your children to be creative in saving money. This DIY project used several art supplies that’s make it pretty and can last for a long time. And what’s better to engage your child than a creative art project.

Supplies : Empty formula can, mood podge, cardstock, ribbon, sequin string, mini clothespin, a mini chalkboard, scissors, and a glue gun.

16. DIY Tin Can Piggy Bank For Savings

How to reduce the clinging of random loose coins? And how to declutter food cans? Hand it over to your child and make their DIY piggy bank. It solves the many houses problems of loose change, used cans and your bored children. Just with a few art supplies and encourage your child can create art.

Supplies : Used food can polish the edges, brown stock paper, a golden lid, scissors, and glitter markers.

Suitable For : 3-7 years

17. Your Own Unique Pot O’ Gold DIY Piggy Bank

Let’s incorporate some fairytale in our next DIY piggy bank. This piggy bank craft is taken from the land of the Irish, as legend says you can find a big pot of gold at the end of the rainbow. The fairytales may not be true but one can make their own pot of gold just by turning a wide jar into a DIY piggy bank.

Supplies : Wide mouth jar, heavy cardstock as the lid, mod podge, sponge brush, colored pipe cleaners for rainbow, black ribbon, black acrylic paint, and a hot glue gun.

18. Ice Cream Fund DIY Piggy Bank Mason Jar

This ice-cream fund DIY piggy bank is for the kids who want to buy with their own money. It’s a great way to save money and use it for later like buying a gift for a friend’s birthday or field trips. This DIY project is for the little ones who want to be creative and save some money for the future.

Supplies : Mason jar, white primer, chalky finish paint, chalkboard paint, glue bottle, metal piggy bank insert, tape, and gold glitter.

19. Make An Easy Mason Jar Piggy Bank At Home

Lastly, we got mason jar piggy banks that both parents and children can make easily in the comfort of their homes. Your child got the creative idea of making a mason piggy bank and you just need them to help them to assist to make the final piece. With three separate mason jars, a piggybank gives your child to think about how to spend his allowance money in spending, giving, and savings.

Supplies : 3 mason jars, spice holder or craft your holder, white paper, and markers to the label mason jar.

Suitable For : 2-6 years

These unique and easy DIY piggy bank craft ideas are effortless and fun to make. Start your child’s growth with the love for saving, managing, and giving the money for the better. What’s better than learning about the value of money than having a blast crafting DIYs piggy banks with them.

For more interesting DIY projects check out our latest posts. If you liked our DIYs in piggy banks then leave your thoughts in our comment section.

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26 DIY Piggy Bank Projects For Kids To Save Bucks

Piggy banks are a great way for kids to start learning about money, and they can be a fun craft project for adults too. You can find many piggy banks, but you may also want to try your hand at making one from scratch. These are some fun and creative ways to make these DIY Piggy Bank Projects with your kids. Making a piggy bank is a pretty simple project that requires few materials. You can use a variety of items to create the basic form of your piggy bank, then decorate it with paint or other embellishments.

The classic piggy bank shape is oval with a smooth bottom. However, you can use anything from a plastic bottle to an old boot as long as you have a flat surface to stand it upon. You can also find DIY Piggy Bank Projects and unique ideas for making piggy banks using recycled materials, like old books and toy trucks, as well as a few non-traditional piggy bank ideas .

These 26 DIY Piggy Bank Projects is a great way of sharing joy with kids, making a piggy bank with your hands can create special moments for both you and your kids.

• 25 Free Crochet Pig Patterns

Materials and Tools:

• pre-made piggy bank
• light-colored paper
• colored pencils or crayons
• glue and tape
•  a paintbrush and paint for decorating your pig's nose and cheeks

How To Make A Piggy Bank In 3 Ways

With the world evolving and our lives becoming busier, it is hard to think about saving up for a rainy day. People barely have any time to think about the future. There are ways to save money without thinking much about it. One of the most popular ways is by using piggy banks. You can make a lot of piggy banks nowadays. You can find them in toy stores, department stores, and even online stores. In this tutorial, you will come to know 3 super cute ways you can make your own DIY piggy bank for yourself or as a gift for someone else!

Skill level: easy

DIY Piggy Bank For Children

Water, food, and shelter are some of the basic needs that people have. In today’s world, money is also a very important need. So it is very important for children to be taught about the importance of money. One way to teach them about money is by making a piggy bank.

This DIY Piggy Bank is a great beginner project and is the perfect place to store all that hard-earned cash. They are so fun and easy to make, you can whip up a whole bunch in one afternoon! This project is an excellent way to get young children involved with sewing.

Skill level: advanced

How To Make A Piggy Bank At Home Easy

The piggy bank has been a symbol of saving money for centuries. Before the invention of coins, pigs were used. A pig was valuable to have and was usually buried in the ground for safekeeping. You can make your own piggy bank at home that is just as fun and just as easy to use.

The piggy bank is a great way to teach children about saving money and giving them a place to do so. It is also a great craft that you can make on your own or with your children. Once you have made one, you will understand how simple it is to make another one, and the possibilities are endless!

DIY Piggy Bank Plastic Bottle

A piggy bank is a great way to teach yourself or your child about saving money. If you have children,  this DIY Piggy Bank Plastic Bottle can also be a fun project to do with them. It's not difficult to make a piggy bank out of an old plastic container. If you want to make a piggy bank but don't want to use clay, papier-mache, or plaster of Paris, you can convert an old bottle into a useful savings container for yourself. Using only the plastic bottle and a few materials from your local dollar store, you can create a unique piggy bank that not only looks cute but is also easy to open when you need to.

DIY Wooden Animal Coin Bank

This project is a DIY wooden animal coin bank that you can make with the kids. The great thing about this DIY is that it’s easy to make and you don’t need to have much woodworking experience to build one. Most of the work is assembling the parts, so you and your kids can have a lot of fun with it. All you have to do is draw or print out an animal shape and trace it onto a piece of wood. This cute little picture frame is a great addition to any child’s room or nursery decor, plus it serves the practical purpose of teaching children that saving money can be fun!

DIY Wooden Piggy Bank

When you think about a piggy bank, you probably think of a little plastic thing with a coin slot and plug. Take this DIY wooden piggy bank, for instance, it's unique and really cool looking. It's made of wood so it doesn't look like your typical piggy bank at all. It's an upcycled wooden piggy bank and it's easy to make. All you need is a few supplies and some tools and you can make one for yourself or for your kids. It's great for saving money for something special or whatever you want to use it for. You can stain or paint the piggy bank any color you want or leave it its natural color if you prefer that look better. You can also use any wood that you want as long as it's sturdy enough to hold coins without caving in on itself.

DIY Electronic Piggy Bank

This piggy bank will not only be able to count and store money, but it will also be able to detect if the coins are fake or real. It does this using a coin discriminator. The coin discriminator is just a device that differentiates between coins based on their metal composition and size.

Have you ever wondered what happens to the extra money you have after buying something? Well, it goes in your piggy bank. You can easily make your very own DIY Electronic Piggy Bank which can store as much money as you want, and also keep a record of how much money has been deposited into the piggy bank with time!

Skill level: moderate

DIY Coconut Piggy Bank

A piggy bank is a perfect example of how something as simple as decoration can inspire you to save. You may not be as motivated by your savings account, or even a fancy-looking piggy bank. But if there is a piggy bank with some personality, you might be more inclined to toss in a coin or two every now and then.

If you love the idea of having a fun piggy bank but don’t want to spend money buying one, why not make one at home? This coconut piggy bank is an adorable craft that only takes a few minutes to make and doesn’t cost much! If you want to spice it up, use two coconuts and create a pair of coconut piggy banks.

How to Make a Piggy Bank From a Shadow Box Frame

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Piggy banks are a great way for kids to learn about saving money. They come in various shapes and sizes, but one of the best types is the shadow box piggy bank. It’s like a diorama inside a frame! A shadow box frame is an excellent way to create a fun piggy bank for your child. You can easily make one by attaching a mason jar to the inside of the frame. And you can decorate it with flowers and stuffed animals to make it colourful and playful. You can decorate it however you want with miniature objects that resemble your favorite things and activities. You can make one yourself with some simple supplies from the dollar store or craft store.

Nothing will teach your children about saving better than a piggy bank. And this one is a DIY project that you can easily build with your kids. This project is great for teaching your children the value of money as well as reinforcing size and geometric concepts. Looking for a fun project that you and your kids will enjoy? Why not take a few hours and build a wooden piggy bank that will last for years to come! The great thing about this wooden bank is that it's sturdy enough to hold quite a bit of cash, yet simple enough for even young children to build with some help.

DIY Cement Piggy Bank

A bank is a place where you can store your money and keep it safe. Banks are also very boring places, and they are not fun to visit at all. This DIY project will show you how to turn a piggy bank into a fun and entertaining place, where you can store your money in style. Cement piggy banks are stylish, fun ways to save money. But the pre-made ones can be quite expensive and may not have a design you like. Luckily, you can make your own at home with a little bit of effort and very little money. This tutorial will guide you through the process.

DIY Piggy Bank With Bottle

There are many ways to save money and there are many types of piggy banks. You can make your own piggy bank from a bottle. This is a fun DIY project that you can do with your kids, but it's also one that you can do alone. You can make a piggy bank out of a bottle in no time at all. You'll have the perfect gift for your child or loved one. A piggy bank made out of a plastic bottle is an easy way to teach your child about saving money and why it is important to save for their future. If you're looking for an easy way to make a piggy bank from a bottle, then this tutorial will help you out. You'll be able to create a unique and personalized gift that will be loved by all who receive it.

DIY Piggy Bank

A piggy bank is a great way to teach your kids about money and how to save up for the things they want. It's also a good way to get them invested in their own financial future, especially if you don't have a college savings plan (or another means of saving for their education) already in place.

Fortunately, making a piggy bank at home is pretty simple. You probably don't need any special tools, and if you do, there's probably something lying around your house that will serve the same purpose. There's really no easier way to save money than by making your own piggy bank.

Skill level: Simple

DIY Angry Birds Piggy Bank

If you don’t have the money to buy a piggy bank? Then you can make one all by yourself. This would create a unique-looking piggy bank, which your friends might envy. A perfect gift for graduations or birthday gifts, or fun and useful decoration for your office or home. This is beautiful, it is made of wood and a plastic jar, so you can use this money box repeatedly. This bank comes with two holes for the eyes allowing you to make it look angry. Funny as it may seem, this is one of the best piggy banks ever. It’s easy to make and can also be used as a handicraft project.

Looking for a fun project this weekend? Make your own piggy bank! Do-it-yourself doesn’t have to mean complicated, expensive, and time-consuming. This piggy bank tutorial is quick, inexpensive, and easy enough for the kids to help you make it. Using an empty water jug, it is time to turn it into a new piggy bank. This is a great way for kids to save their money! While painting and decorating the jug, use your imagination and have fun! When finished, let the jug dry overnight. Then put the coins in and save them up for something special. This makes a wonderful holiday gift for anyone on your list.

How To Make A Piggy Bank From Cardboard

Saving money is an extremely important part of life. This cardboard piggy bank makes saving money fun and also, makes a great gift for kids to save their pocket money. Create a piggy bank with cardboard and the help of glue, scissors, and a lighter. The result is a cute piggy bank where you can save your money or add some tin foil when you have to take it out. This project that is made for anyone, can be used for children and adults. Keep your money safe in this little piggy bank and when you have enough you can open the lid top, take out your money, and add to your savings.

DIY Minions Piggy Bank

Kids are always fond of new things. And if they have to learn something while having fun, then it sounds like a win-win situation. This piggy bank takes the form of character minions and it is made from a plastic jar and some coloured papers. In the DIY workshop, children will learn the knowledge and skills of money management in a fun way. Through this activity, children will also learn colours, numbers, and counting while playing. There are various types of savings banks that they can choose from. They can use their imagination to create a personalized treasure chest. It’s a good way to help your kids save their money and also enjoy a lot of fun doing it.

DIY Airplane Piggy Bank For Kids

This is a great project to keep your kids busy during the summer. With this airplane piggy bank, they can save money while having fun. You can make this project as simple or as complex as you like, depending on the age of your child and his or her experience level. You can make it from scratch using styrofoam or have them paint over an existing aeroplane model that you’ve purchased from a craft store. The homemade airplane piggy bank can be used to teach your kids how to save money. Once they have saved enough money, they can break open the piggy bank and spend it on something they like.

Piggy banks are a great, budget-friendly gift for kids, and fun for adults, too. These are some of those things that kids love to play with, but they can be expensive. You can make your own piggy bank with a plastic grommet and some cork, or you can go the DIY route and build one out of wood. If you want to create your own version of a piggy bank, you can use a plastic grommet. A grommet is a small circular opening cut into a plastic tube that allows you to insert things like coins, keys, and other small objects. You can make a DIY piggy bank with just about anything. If you're feeling crafty, you can even use cork!

Children DIY Piggy Bank

This is a really cute craft that can be made using stuff you probably have at home. Making this piggy bank is very simple and will make for a fun time with your kids. You know that you are going to love this DIY project, your kids are going to love it, and it makes for a great decoration too, With a clear bottle and paint, your child can easily create a visually appealing piggy bank that serves as a fun addition to their room.

This is an easy project that comes together within an hour or less. They will not only enjoy this craft but also the money they save on it at the same time.!There are different ways to finish up your project at this point, such as drawing on eyes, adding a smiley mouth, or even drawing a nose and ears on it using other colors of paint aside from pink.

Wooden Piggy Bank For Kids

The Wooden Piggy Bank is the perfect way to teach kids the value of saving. Simple, yet adorable, this piggy bank adds a touch of whimsy to any room. Its solid construction ensures that it will be around for years to come. This is the ideal gift for the child in your life.

Made of high-quality wood, this piggy bank features a simple design, making it perfect for both children and adults alike. The wooden top makes it easy to open, and it has a slot for coins at the top so you can put your money in the bank without having to take everything out.

DIY Sequins Piggy Bank

Kids will not just know how to be creative, they will learn to save. What more you can ask for as parents? This is a fun project that you can do with your kids. It’s easy to make and it looks so pretty. You just need a few materials that you can get from the neighbourhood craft store, or even better, use what you already have at home!

There are so many kinds of piggy banks today but none is as attractive as this DIY sequins piggy bank. Different collections of sequins are used for this project and you can use any kind of paint you like as long as it is shiny and glittery.

DIY Piggy Banks

A piggy bank is a great way to start your kids off saving money. It's also a fun project you can do together. If you want to build one with your children, then you have some ideas for making a piggy bank at home. You can make a piggy bank out of many different materials, but the easiest and most durable are plastic or ceramic. A glass jar works well too, but it must be very thick to prevent breakage if dropped. If you have an old piggy bank around the house, you may be able to use that as your base and just add some decorations to it.

How To Make An Easy DIY Piggy Bank

homemadeginger

It's not always easy to teach kids about the value of money. The most basic way to do that? Show them how to save for something they really want. This cute DIY piggy bank is easy for your kids can help with -- or make on their own. The most important part about saving money is making it fun and easy. If you’re using a boring piggy bank that doesn’t fit in with your personality, then it’s going to be hard to save up any money at all. Instead of buying an expensive piggy bank from the store, why not make one yourself? You'll be able to customize it and make it completely unique to you.

Car Piggy Bank 

johannarundel

Piggy banks have been around for ages, but they're not just for kids. Your piggy bank is a great way to stash away money — and not just your allowance money. Teach your child how to save money with this fun car coin bank. Its sleek, sporty design will match any room’s décor as well as make it a great gift for kids that like cars and racing in general. A lid is placed on top with a rubber stopper so that the coins can easily be taken out once full. Not only does this piggy bank help teach valuable lessons, but is also a great way to keep the coins all in one place. Fair warning, kids might like trying to beat each other at collecting money for their piggy bank!

Minion Piggy Banks 

This super cute Minion piggy bank is a perfect gift for your little girl or boy. It's great for encouraging them to save their coins and also adds a fun decorative element to their room. Yellow piggy banks are a staple in any child's room. They're the perfect place to store pocket change, and the bright yellow color makes them easy to locate when you need them. It's made with a plastic bottle, some felt, and a few other odds and ends. It will take you just half an hour to make and costs just a few dollars. The idea behind these containers is that you can drop coins into the top, and they will fall into the container. You can make these with any size of a water bottle.

Conclusion:

Saving money can seem like an impossible task when you're working with a tight budget. But it's actually possible to start growing your savings without making drastic changes to your lifestyle, by making small changes that make a big difference over time. When you think about classic childhood toys, piggy banks are probably one of the first things that comes to mind. Kids love them and parents love how easy it is to get their little ones to start saving money with these classic toys.

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Piggy banking: Save money with this popular budgeting technique

Piggy banking is a simple but powerful budgeting technique that can help you keep your spending under control.

Money-saving gurus like Martin Lewis and Dave Ramsey love it, and we see it crop up on personal finance forums and blogs all the time. It's gained a cult-like following because it's simple to use, and helps you see really clearly how much you've got left to spend on certain things. And it's easy to do with Monzo!

Setting it up takes a little organising. But if you want to try this popular technique yourself, we're here to walk you through it!

How does piggy banking work?

Piggy banking involves setting up multiple piggy banks (like Monzo Pots) and splitting your money between each one. You use the money in each piggy bank for a different purpose (like bills, groceries or having fun).

It makes it easier to see how much you've got left for each type of spending. And it helps make sure you have enough for the essentials (like paying bills or rent).

Say you have £200 left overall. There's £30 left in your piggy bank for shopping, and the rest is in your piggy bank for bills. This method makes it easy to see that shouldn’t touch your bills money.

Here’s how to start piggy banking with Monzo in four steps. If you don't have Monzo yet, download the app to get started!

UK residents only, Ts&Cs apply

1. Balance your budget

First, you need to see if you can afford your expenses. This is called balancing your budget . It means comparing what you expect to earn with what you plan to spend, and deciding how to cut costs if you need to.

Monzo makes it easy to see all your spending, which will hopefully make this bit less of a slog.

It’s really important not to skip this step. As no amount of tips or tricks will work unless you know your income can cover your expenses. Plus, you’ll learn things about your spending patterns that can help with the next few steps.

2. Choose your categories

Next, group your spending into a few different categories, like:

Entertainment

Tax (if you’re self-employed)

There’s no rule about the number of categories. Just remember that each one gets its own piggy bank.

3. Decide how much to spend on each category

Decide how to split your income between the different categories. You should already have an idea about how to do this from the first step (balancing your budget). And because Monzo already groups your spending into some of these categories, it should be easy to see how much you've spent in the past.

It’s usually a good idea to slightly overestimate the amount you’ll need for bills and other essentials. And don’t forget about big annual or one-off expenses, like Christmas presents or an MOT. You might want to update your allowances regularly to cover these. Or you could set up a separate piggy bank and put money into it every month so you’re prepared.

4. Set up and feed your piggy banks

Each category needs it own piggy bank – a place where you can pay in an allowance and keep it separate from the rest of your money.

You can do this with Monzo by separating your money into different Pots. Salary Sorter will even help you do it automatically after you get paid!

Give each Pot a name, and put the right amounts into your Pots as soon as you get paid. When you need to pay for something, take the right amount out of the right Pot.

You can even set up a Bills Pot , so you can set aside your bills money and pay them straight from the Pot.

Tempted to smash your piggy bank early? Why not lock your Pots until a particular date.

Monzo makes it easy to set savings goals and track your spending 💪

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My House, My Piggy Bank

By Ford Fessenden

• Oct. 2, 2005

EDWARD BRIGGS had a good job, but better still, he had credit cards. The job provided the solid middle-class life -- a home in Colchester, Conn., two cars in the driveway, food on the table. But the credit cards underwrote dreams.

"In addition to the normal credit-card usage, I used the balance-transfer option to pay for a couple of things here and there, and got carried away with it," said Mr. Briggs, 56.

When the payments started to squeeze him, he realized his predicament and tried to dig himself out. But he still owed about $70,000, he said, when he lost his job three years ago. He found some work consulting, but "I just didn't have enough money coming in to cover everything," he said.

In July, with his credit-card debts approaching $90,000, he declared bankruptcy.

"We all think everything is going to be fine, and we'll have a little money and can live comfortably, and it didn't work out that way," said his wife, Karen Briggs, 48.

The couple are now also enduring bankruptcy's secondary infection, divorce. "I feel like I'm going to lose everything," she said. "I never thought this could happen to me, not all this. It's just very hard."

While bankruptcy has been on the rise in much of the country, the suburbs of New York have, for the most part, been spared. Now, though, there are signs that the holiday is ending.

Elsewhere, bankruptcy has been on a steady upward march since 2000. A surge of spring and summer filings in anticipation of the new, tougher bankruptcy law that takes effect on Oct. 17 could easily push filings in the United States to a record. Hurricane Katrina victims could push the total even higher. In fact, 1 in every 120 people over 18 will go bankrupt this year.

In the New York suburbs, though, bankruptcy has been declining, a trend that has seemed every bit as steady. In the last five years rates went down 20 percent in the counties around New York City.

But that doesn't mean that all is well in the suburbs. A closer look at the trend in the New York metropolitan area shows that some neighborhoods do not share the region's bankruptcy inoculation. Bankruptcy is high and growing not only in the Bronx, Manhattan and Brooklyn, but also in many areas of the suburbs, among them Mount Vernon and Hempstead in New York, Orange in New Jersey and much of Connecticut.

The pattern reflects some of the familiar geography of wealth: bankruptcy is usually higher in poor areas than in rich ones. But it also reflects the special geography of insolvency: it's low in places where the struggling would lose their homes.

A review of bankruptcy trends by The New York Times shows that areas in New York and New Jersey with the highest concentration of homeowners have had little or no increase in bankruptcy since 2002. In areas where there are few homeowners, bankruptcy rates have increased sharply; in some places they have doubled. The pattern is consistent with what bankruptcy lawyers and researchers see in their practices and studies: homeowners in the suburbs are taking on more and more home-equity debt to stay out of bankruptcy.

"When you're living in a place with home values up 50 percent, you have what Alan Greenspan calls a piggy bank," said Elizabeth Warren, a Harvard law professor and an author of "The Fragile Middle Class" (Yale University Press, 2000), a study of bankruptcy. "The bubble has operated like wreckage from the Titanic -- you could climb on and float along for a while. The question is for how long."

Mr. Greenspan, the Federal Reserve chairman, said last Monday that most homeowners were not yet overextended, but that "froth" had developed in some local housing markets and in some lending practices.

Time ran out for Mr. Briggs after three years of borrowing on credit cards and on his home while he looked for a new job. Authorities say the clock is ticking for thousands of others relying on the paper profits of their homes to sustain them. If the housing market stops rising, they say, the bankruptcy lull in the region could quickly end.

Already, a new law that went into effect Aug. 31 in New York State has pushed bankruptcy filings by homeowners up. The law makes it easier to shelter a home from bankruptcy and seems to have contributed to a 30 percent jump in filings in the last three weeks in suburban areas populated largely by homeowners.

"Some people have been spared filing the petitions because they have home equity," said Andrew Thaler, a bankruptcy trustee on Long Island. "My guess is when the housing market flattens, people are not going to be able to sustain the lifestyle they've been maintaining, and you'll suddenly see a lot more bankruptcies."

Personal histories unfold daily in drab meeting rooms of federal bankruptcy trustees across the region, where debtors bring their balance sheets to be scrutinized in a public forum for evidence of assets that can be stripped by creditors. Most of the people who appear never had much. For some, there are indications of better days, usually far behind. A retired office manager from Scarsdale, N.Y., who appeared last month before a trustee in White Plains had a monthly disability income of $1,570 and credit-card and medical debts totaling more than $100,000. She had received a $50,000 lawsuit settlement last year, but it barely dented her debts, she said.

A young couple from Cortlandt Manor, N.Y., told a woeful tale of lost jobs, a lost home in Florida, a deeply troubled 12-year-old, and a kiting operation that kept all their credit-card payments up to date. "I had to take money from the Optima card to pay the bill on the MBNA," the wife said. "But I always paid." With $258,685 on more than 60 cards, they finally filed for bankruptcy.

At a meeting last month in Central Islip, a Farmingdale couple in their 60's brought paperwork showing $25,000 in income, $55,000 in credit-card debts and no home to borrow against. "Our rent is skyrocketing, there's no overtime at work, and my husband has been disabled for 20 years," the wife told the trustee.

At another meeting in Newark, a former college hockey player sought to discharge debts from an inventory of cards as long as his arm -- $16,000 owed to Chase, $10,000 to Capital One, $16,000 to MBNA America, $700 to Macy's. He owned no home; he handed that over to his wife in a divorce in 2002. "I once had a good job," he said, by way of explaining his predicament.

Declaring bankruptcy stops legal action by creditors, but it requires debtors to bare their finances at meetings like these. The trustees work for the Justice Department and act as creditors' representatives. One trustee may hear 60 cases in a day, a preliminary step before a federal judge declares the bankruptcy and discharges the debts. The whole process, from filing to discharge, takes four months, on average. But obtaining credit after declaring bankruptcy is far more difficult.

There are few homeowners at these meetings; for the most part, anyone who once owned a home has lost it long ago. A woman from Massapequa Park with nothing but Social Security income and $44,000 in credit-card debt said she had sold a home in Stamford, Conn., last year. It was mortgaged beyond its value to pay for a new kitchen, new windows and credit-card bills, and she and her husband had been forced to sell, she told the trustee. They are now divorced.

"Leaving the house that you lived in for 30 years is hard, really hard," she said.

With few exceptions, bankruptcy lawyers in New York and New Jersey say homeowners have disappeared from their practices.

"I've been doing this for 12 years, and I must have filed 10,000 bankruptcies on Long Island and Queens," said Heath Berger, a bankruptcy lawyer in Woodbury. In the last four years, he estimates that one filer in a thousand owned a house.

Mr. and Mrs. Briggs, the Colchester couple, had the good luck to live in Connecticut, so they will lose their credit, but not their house. The state allows a couple to protect $150,000 in home value from liquidation.

"I've never sold a house," said Barbara Katz, the Briggses' trustee, who worked on bankruptcy cases since 1992. The arithmetic works like this: Because their $269,000 house has $127,000 in mortgages on it, a sale would generate $142,000, less than the $150,000 exemption. The couple would be allowed to keep the entire $142,000, and there would be nothing to give to creditors, Ms. Katz said.

In sharp contrast, New Jersey allows only a $37,000 exemption; a law increasing that to $250,000 was conditionally vetoed by Acting Gov. Richard J. Codey but could be passed with modifications later this year. Until Aug. 31, New York allowed just a $20,000 exemption for a couple. (It is now $100,000, but more on that later.) With property values and home equity rising rapidly, virtually all homeowners had more than $20,000 in equity, so homes could be sold to pay off credit-card debt.

One result has been a declining trend in bankruptcies in the areas of New York and New Jersey where homeowners predominate, but not in Connecticut. Comparing filings from June, July and August 2005 with those from the same three months in 2002 showed declines in places like Northport on Long Island, Hanover, N.J., and Somers, N.Y., all areas where at least 85 percent of the residents live in homes they own.

Most of these areas have also seen large increases in home equity. In Northport, where the average sale price of a house has risen 40 percent in three years, bankruptcy filings dropped to 3 from 6.

The trend went the opposite way in areas with more renters. In Mount Vernon, N.Y., bankruptcy filings increased 14 percent. In Jersey City, filings rose to 315 from 244. In Long Beach, one of the few communities on Long Island with a high proportion of rental housing, bankruptcies total 43 during the recent three-month period, compared with 32 in 2002.

Bankruptcy lawyers say that this does not mean that homeowners have been more prudent than renters. "Two or three years ago, mortgage companies were giving money to anyone," Mr. Berger said. "They didn't care whether they could afford it, just that they had a house. Now I'm seeing all these people who never had the income to pay these loans in trouble."

Professor Warren of Harvard believes that disaster lurks as homeowners borrow against their homes to forestall bankruptcy. When the stock market tumbled five years ago, people in trouble could sell stocks to stay afloat, she said. But home equity doesn't work the same way. As she put it, "You can't sell a part of your home like you could a stock in the stock market bubble."

Since Aug. 31, when New York increased its exemption to allow couples to protect $100,000 in home equity, filings were up 30 percent in those areas in which at least 75 percent of the population lives their own homes.

Lawyers in New York, New Jersey and Connecticut have also begun to report a last-minute deluge of debtors from all of these states who hope to beat the Oct. 17 deadline. That's when the nation's new bankruptcy law takes effect, and it will force some people with higher incomes to repay their debts.

"When a family uses its home like a piggy bank and then a job loss, a divorce or an increase in the adjustable-rate mortgage leaves them unable to make the payments, the family is out of options," Professor Warren said. "That's true before and after Oct. 17. Borrowing against a home leaves a family with the fewest possible options when something goes wrong."

"After Oct. 17, bankruptcy gets harder for everyone -- more expensive, more traps, less coverage," she said. "And that means more families are set up to lose their homes."