Do you children save spare change?

United States
July 29, 2007 5:47pm CST
My husband and I have a jar that we save our spare change in, when we need a little extra cash, I roll the coins and either deposit them or cash them in. A few weeks ago, my 22 year old daughter needed to borrow some money, so I gave her $100 in rolled coins, she was so funny, she looked at it, then at me and said,"what do I do with this?", and she was serious. I couldn't believe I actually had to explain to a 22 year old that she had to take the rolled coins to her bank and deposit it. My oldest son, he's 18, saves his change and rolls it himself, when he owes me money that's what he likes to pay me back with, he also rolls it and just asks me if I would exchange it for bills for him. Do your children save spare change?
6 people like this
22 responses
@surveygrrl (1270)
• United States
29 Jul 07
We have a piggy bank in the livingroom. My son saves change too. Though he is only 3. He knows when we take the money to the bank that we get back real green dollars...lol. I am trying to teach him early the cost of money. He normally gets 50 cents when we go to the mall and he can pick candy or a ride on the jeep. When I was little I had a big water jug that I kept all my change in and at Christmas I would roll it all and it was like extra Christmas money.
3 people like this
@jennybianca (12914)
• Australia
30 Jul 07
It's a very good idea to teach young children the value of money. I did with my daughter, & now, at age 14, she is excellent with managing money.
2 people like this
@loujac3 (1188)
• United States
30 Jul 07
This is something that my two daughters learn about early on. They were teenagers when I went through my divorce and they saw what a struggling was all about. Now that they have completed college they watch every penny. They had to pay their own way through school and they know what hard times are all about. I always kept a container for change that fell out of pockets. It sat on the dryer and everyone knew that I resorted to that container in emergencies. I still keep a container for my change and it is good to know that I can find a dollar or two until the next payday.
@jennybianca (12914)
• Australia
30 Jul 07
Not only does my daughter save spare change, but when I was younger, my grandmother saved spare change. She loved doing this. She would buy one of those special tubes, designed to collect, say, 10c pieces, & would give us all one. It's amazing how much can be saved this way.
• United States
29 Jul 07
Not my children...me. It is my rainy day fund.
2 people like this
@carlaabt (3505)
• United States
29 Jul 07
My son is still just a toddler. He's only 18 months old, so he's still too little to save change. But we save change. We use it to buy things that come up. Like if something breaks, we use our change. Once we have about $500 saved in change, we continue to roll the rest of it, and use it for things like Christmas and birthday gifts, etc. It really adds up quick. When I was still working, a lot of my income was tips, so I always had a lot of change. It wasn't uncommon to put $10 or more in change in the jar every week. Now that I don't work, we don't have as much cash, so we don't get to save as much, but we still always have some laying around.
2 people like this
@Willowlady (10666)
• United States
29 Jul 07
We save all the change that we can and it often comes in handy. I have the kids look through it for old coins that can be found now and then and so they know about rolling it up. They have shopped the church rummage sales and know about the coins worth. They also know a good sale. S So yes, at 14 and 12 both my kids know and keep change as it comes and goes in our lives.
2 people like this
@maddysmommy (16233)
• United States
29 Jul 07
I think that is a great idea! My son is only 5 but we save all our coins (mostly from my husband) and we either put them in his piggy bank or I roll them and deposit into my account. Most of the time I do try to use them when I am out and about.
@cher913 (25890)
• Canada
30 Jul 07
yes we do, we use it for special outings such as ice cream or a day away, stuff like that...we also throw found money in there too such as pennies that we have found on the street.
1 person likes this
@tuffy999 (794)
• Philippines
30 Jul 07
it's always good to teach children the value of money while they're still young. my 5 year old grandaughter calls it tax money. every now and then when she comes for a visit she will ask for tax money for her piggy bank.
1 person likes this
• United States
30 Jul 07
Oh Thats to funny!!! Yes we save all our change. I swear my husband just hands people cash and asks for change..He always has a pocket full!!! The last time we rolled our money up we had 100$ in pennies!! We took them and changed them in and my sons who are 3 and 5 got to go to the toy store and have any toy they wanted!! That was fun for all of us. Just a few days ago I rolled up some more and we had 70$ just in quarters!! Change adds up QUICK!!!
@sunshine4 (8708)
• United States
30 Jul 07
My husband and I save our change. I have a piggy bank that we put it in and when it is full, we put it in the bank and save it for vacations. All of my children also save their change. They all have either jars of a bank that they keep it in. My boys love to go to the coinstar machines and cash in their change for $$$.
@sid556 (31003)
• United States
30 Jul 07
that change does add up doesn't it? a couple of years ago my girls and i threw all our change into a jug all year. One day we turned it in to the bank and were very surprised to learn we had 600.00. We went away to the beach for a couple of days. I still save my change and usually get about 30.00 per month.
1 person likes this
@golfproo (1841)
• Canada
30 Jul 07
Hi, Saving change is an excellent way to save money. My kids are not too great at it...but I am. Just recently I had a huge bill to pay which was quite overdue. I went to my change bag which I had been saving change in for over a year and took hours to roll it all. When I was done I had $1700 in change! I took it to the bank and paid off my bill and saved myself a lot of grief! :) cheers,
1 person likes this
@whyaskq (7532)
• Singapore
30 Jul 07
We used to dump our spare change - dollars or coins - into our own piggy banks. At times, it was my mum who deposits her loose change into the piggy banks. However, she rotates. lol. When the piggies are full, we will dig them out (yes, dig... we prefer digging to emptying it) and then we have fun rolling them. We are not good at it and so have fun repeating again and again. In the end, it is dumped into plastic bags and deposited to the bank!
1 person likes this
@jbb316 (1779)
• United States
30 Jul 07
My son is 3 and he has his own piggy bank. Whenever he finds change or someone gives him change he puts it in his piggy bank. He loves to do that. We are trying to teach him young about saving.
1 person likes this
@rai_atk (27)
• Malaysia
30 Jul 07
i wish i could be one of your innocent children.....then i could borrow some rolled coines from you......lol
• United States
30 Jul 07
We have a huge juice jug that we drop our change in every week. We are saving it up to take a huge vacation. My son helps with this, too, when he spends his allowance he puts the coins in the jug. Last year he started saving pennies in a jug, and we took it to the bank and he got almost $60 to buy his own fireworks. I am glad that he is learning this lesson because I believe it might help him out someday. My father and I used to save change for when we made our weekend trips to the lake. The more change we saved the longer we could stay at the cabin on the lake during the summer. It's like passing on a family tradition. But, our bank has a coin machine and asks that they not be rolled, I think a lot of people try to put something else in the middle of the coin wrappers and that is why they do it that way. They said they have been scammed too much.
1 person likes this
• Philippines
30 Jul 07
I still don't have a child of my own but the idea of collecting your coins is a good idea. whenever you need money later on, you would have something to spend. It is also a nice way of spending your money. Some people don't like having a lot of coins in there pockets or purse. So, its nice to save it first then deposit it or have them changed into bills so it would be easy to carry.
@Gemmygirl1 (2870)
• Australia
30 Jul 07
My daughter is a little young to do this but we have a little money-box for her that we always put money in to for her, usually it's just the little coins but she'll have a decent amount if we ever end up filling it with 5 or 10 cent pieces! We did start doing it ourselves but found we'd spend it whenever a decent amount was in there - we're terrible like that. We might take it up again for our daughter when we can get her a bank account (we have to buy a birth certificate to open an account) so that once the containers are full we can just take all the coins to the bank to be deposited in to her account, she'll end up with a decent amount of money by the time she's 16!
• United States
30 Jul 07
Ahh yea! My mom taught me how to roll coins when I was really little, so when my piggy bank got too full we would spend an hour or so just counting coiins and rolling them up (of course it was mostly pennies, but still) it's actually a fun thing to do, if I ever have children I would def. teach them =]
1 person likes this