From where did the idea to save money in a piggy bank come? David Blankenhorn, president of the Institute for American Values, offers a bit of American history as he explains one likely reason for the piggy bank’s popularity.
Blankenhorn also explains the relevance of proper money management as he describes what it means to be thrifty–a concept credit unions strive to impart on members and the community. “Thrift is an ethic, stemming ultimately from the idea of stewardship. The best definition of thrift is wise use. The opposite of thrift is waste. In practice, thrift usually means working hard and honestly, being frugal and saving all you can and giving back all you can.”