Tell the difference between saving money on a piggy bank or in a bank.
English answer only
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Tell the difference between saving money on a piggy bank or in a bank.
English answer only
THANK YOU❤️
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Answer:
THE PIGGY BANK
It's convenient
Some people empty every evening the loose change in their wallet into their piggy bank, The basic idea behind the piggy bank is that coins can go a long way.
It's easy
Once the pig’s belly is full, it’s usually opened; money is laid out on the kitchen table, counted and then spent (on that gift you always wanted, as holidays pocket money…) or given (to your children, grandchildren or a preferred charity).
THE SAVING ACCOUNTS
The savings account has some key advantages when it comes to storing money safely and for the medium to long run – whether it is to save for an expensive dream, as a reserve for unforeseen expenditures or simply to accumulate wealth for old days or left behinds.
It pays interest
The savings account helps to (partially) compensate for the value loss due to inflation and if interest rates rise again, even to add to your wealth.
It's safe
A savings account is a very safe way of storing money. Banking regulation protects your deposits in a much more effective way than your alarm system protects your valuables from robbery or home jacking.
Explanation:
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