Piggy banks are using all over the world. Have you ever thought about why the saving pot or piggy banks are in pig shape?. How Pig is chosen over the other animals?. Why many financial services companies use piggy banks in their advertisement?.
In the 15th century, there were no banks like today to save money. So, people used jars or pots to save money in their homes. since metal was expensive at that time, these pots or jars were made of orange clay. This clay was very cheap and called pygg clay, which has pronunciation like a pig.
After some years the people thought no more of clay when the word pygg was used. So after three to four centuries when the potters got an order to make piggy banks, they thought that customers asking for banks made in the shape of a pig instead of the pygg clay. This accidental mistake is the reason for the shape of the piggy banks. These days piggy banks come in many shapes, sizes, materials, and colors but the pig shape is famous.
Pigs walk very rarely in backward and mostly moves in front and this reason may also be considered. Piggy banks usually give as gifts in some countries because it represents good luck and fortune.