The Three Piggy Bank System


The Three Piggy Bank System

When we were little kids, we used to have piggy banks. Our parents used to tell us that we should save money. As kids, we are already taught by our parents the value of money. Every time we have some coins, we usually drop it to our piggy banks until it’s full. I remember when I was a kid, my mom opened a Kiddie Savings Account in a bank when my piggy bank was already full.

There’s only one piggy bank that we are accustomed to – the one where we allot our savings. However, Kiyosaki introduced two more piggy banks called the Investing and Tithing.

The Three Piggy Banks

Tithing. There is a so-called Universal Law of Giving and the Law of Karma. Kiyosaki said that over the years, many of the richest people in the world began their lives with the habit of tithing. He says that, “God does not need to receive, but humans need to give.”

A lot of successful people have their foundations in one way or another. They believe in giving to churches and charities. Look at the two richest people in the world, Bill Gates and Warren Buffet. They have founded the Gates Foundation, the world’s largest private foundation giving an annual minimum donations of over US$1.5 billion.

God is the ultimate business partner. Kiyosaki says that, “God is my partner. If you don’t pay your partner, your partner stops working and you have to work ten times harder.” Abundance is God’s gift to humans. Ideally, it is being advised that at least 10% of our gross income should be tithed.

Savings. Bank number two is the one where we are accustomed to which is allotted for savings. As a rule of thumb, we must have enough savings equivalent to 6 months up to one year of our expenses ideally allotted for emergency funds. This can be done by paying ourselves first. If expenses went up on a year, then the amount that should be allotted for savings should go up accordingly.

Investing. The third and last among the three piggy banks is investing. It is this third bank that would give us the real money to begin taking risks, making mistakes, learning lessons, and gaining the experience that would stand us in good stead for the rest of our lives. Investing lets our hard-earned money to work hard for us and let it grow. Truly, money begets money. If you are new to investing and starting to put fill in your investing piggy bank, I would recommend you to read my article on where to invest extra cash.

Start feeding your piggy banks today and learn the art of saving, investing, and tithing.


Tyrone is a passionate financial literacy advocate. He started this blog on November 2008 when he watched The Secret which talked about Law of Attraction because he wanted to become a millionaire and wanted to know how a millionaire acts. At the age of 26, he achieved his first million. To find out more about him, click here or follow him at Instagram

9 responses on “The Three Piggy Bank System

  1. What a unique way to present a New Year’s Resolution. I do have the savings and investment “banks”, but yes, tithing should be another financial “requirement.” Thanks for this article!

  2. hey Tyrone,

    What was your first investment?.. or the smallest one.. me and my girlfriend did some lending, we earned a bit, but then again our returns weren’t that good.. thanks in advance.

    • Hi Anthony,

      If you consider business as an investment, I went into buy and sell of mobile phones during my college years at Ateneo. When I was employed, my very first investment was with the bond fund of Sun Life Mutual Fund.

  3. Hi, I think you got some parts of the puzzle right – the Tithing, Investing and Savings piggy banks.

    If I may add that you also need to include:

    -‘Education’ (where you get the funds for buying books, attending seminars etc),

    -‘Play’ (some luxuries in life as a reward system) and

    -‘Necessity’ (for your regular expenses like meal, transport etc) piggy banks.

    I aportion them as follows(but depends on your situation):

    Savings (10% of income)
    Investment (10% of income)
    Education(10% of income)
    Tithing (10% of income)
    Play (10% of income)
    Necessity (50% of income)

    And oh, you need to record in a notebook everything(in/out) so that at every end of the month you can audit/track your cashflow.

    I hope this helps someone. Because of this simple formula my family is able to live comfortably and have brighter prospects.

    • Thanks for adding some more piggy banks, Emilio. Yeah, I believe that listing down all income and expenses helps a lot especially if you put more focus on controlling expenses. It is always good to earn more and desire less. 🙂

  4. yes i have 7 big cans 1-10%, 4- 3%, 1-1% all in all i have 6 big cans for my savings it helps me a lot for my expenses and savings.tnx be to God.

Leave a Reply

Your email address will not be published. Required fields are marked *

18 + ten =