Wealth is emerging when the first coins is put in a piggy bank. May be it seems as a commonplace, but today it is reality, and traditional forms of savings were always common among the people. During years of prosperity of the banks and financial institutions, only concept of saving has being changed.

The World Saving Day or the World Day of Economy was established on October 31, 1924. During decades of celebration, this day already was transformed into annual tradition with bright actions and campaigns on economy promotion.

Idea was born on the last day of the international congress of the saving banks and its meaning was that “in memory of the first gathering of the saving banking institutions of all countries” to celebrate this day annually. It is not only to commemorate this congress, but to promote idea of saving all over the world. These idea and thought were described in the congress resolution.

Idea of the congress participants was to share information on importance of savings for the individuals, economy and world community.

This idea did not appear on scratch. Earlier, some days devoted to savings and improvement of living standard have being launched. For example, the first national saving days was celebrated in Spain and United States in 1921.

In order to promote savings, the financial institutions also should work closely with the educational and religious entities, cultural, sport and women associations. To popularize celebration of the world day, the organizers disseminated posters and leaflets in schools and on streets, and demonstrated educational films.

Special attention was paid to saving promotion in the schools. Within the saving campaigns, specific training courses on saving advantages were launched; special boxes for money savings were distributed in the schools.

Actually, the World Saving Day was actively introduced in educational institutions since it taught people to spend money in smart way from the childhood, and protect themselves against troubles in future (gambling, lottery, etc.).

Currently, the banks focus on the developing countries where the banking system is not integrated in everyday life. The saving banks play important role in improving of economy of those countries since they double amount of savings on accounts of the poor.

The International Saving Day reached its peak in 1955- 1970-s after the Second World War, and it was officially adopted through the UN directive in 1989.