Do you save your change/ coins?

United States
December 28, 2007 6:31am CST
What do you do with your change or coins when you've paid cash for something? I have a jar that I throw all the coins into. I just read an article about doing the same with the dollar bills, too. I don't know if I'm ready to do that, yet! LOL Anyway, I usually cash in my jar about once every three months and take the family out to do something fun. I usually have about $40 by then. Have you found that saving your coins really helps to save money?
15 people like this
33 responses
• Pakistan
14 Jan 08
We could not keep the coins in our pocket easily. So we use to keep them in a pot like jar or bowl. But as concern myself I take rid of them by giving them to the children as pocket money at the moment of their departure for school in the morning. I could not count them and could not keep the account of coins. I considered them as money which I have already spent. Some time I give to beggars as charity.
• United States
14 Jan 08
Having change available to give to the kids on the way out the door for school does come in handy. That's a very good point. I like knowing my daughter has something in her pocket in case of emergency, even though she should be fine at school.
2 people like this
@rookiekan (884)
• China
5 Jan 08
i really agreew with u i also have a pig-shaped jar which one of my best friends give me as a new year gift in the last year.since then,i always pick and throw all the coins into the jar and now it almost full,now i dont know what should i do with these money ^_^ maybe i should get another bigger jar hahahaha
3 people like this
• United States
5 Jan 08
A bigger jar sounds like a good idea! If you have enough self discipline you could always trade the coins in for cash, put the cash back into the bank and continue saving on top of that. I know that once I cashed out the coins, though, I would be too tempted to spend the money!
2 people like this
@kylanie (1205)
• United States
4 Jan 08
yes I do know about the change my mother saves up her change and she saved it up for a while and she me and my kids and my neice and nephews to florida with what she saved up.
3 people like this
• United States
5 Jan 08
That is really cool to be able to go on a trip just by saving change! Every little bit sure does add up.
2 people like this
• United States
31 Dec 07
I never spend any of my change when I get it, I just through it into a jar when I get home. Last year, I went on vacation with my change. A lot of people don't realize how quickly that it can add up. My dad once through all of his change into a jar for an entire year to see how much it would add up too and he had over $2,000 by the end of the one year mark. this may not seem like a lot but for change, it is a heap. I have a friend who also saves her change and she pays her utility bills with it each month. Right now, i average about $40 in change each week and this is just by going to the store and using one dollar bill instead of using my change. I recommend everyone to use this as a method to save money. Even if you don't plan on going anywhere, it can still add up and each month if your were to put it into a savings account, you would build it up quicker over time.
3 people like this
• United States
1 Jan 08
$2000 or a vacation are certainly impressive. Wow! I wish I had the determination to just leave the change jar alone. Maybe I'll give it a try this year since it is relatively empty right now. I'll check back in next December! LOL
2 people like this
@lightningMD (5937)
• United States
28 Dec 07
I save all my change. I used to put it into my savings account every time I reached 50.00. Lately it seems like I have been having t roll it up for gas money a dayor two before my husband gets paid. I used to save 1.00 bills but right now we cant afford to do that. My uncle saves 5.00 bills. He never spends them. Hopefully someday I can afford to do that. lol
• United States
28 Dec 07
Wow, that would be great to be able to save $5 bills! Like you, hopefully someday I'll be able to afford that. Like I said before, I'm not sure I'm ready to start doing that with the $1 bills. That's a good idea to put the change into savings when it reaches $50. I'll probably do that when my girls get older and don't want to go to Chuck E Cheese with the money anymore! LOL
2 people like this
@sergedan (768)
• Romania
28 Dec 07
To tell the truth, I use every coin and every dollar bill I have. No saving money for me!
3 people like this
• United States
28 Dec 07
I do the same thing, not as religiously as i should, but we do save our change.
• United States
29 Dec 07
I could only imagine the fun things my family could do if I saved my change as religiously as I should! LOL Actually, it would also help if I used cash once in awhile.
1 person likes this
• United States
29 Dec 07
LOL yeah, I mainly use my bank card, hard to get change out of plastic.
1 person likes this
• United States
29 Dec 07
It sure is hard to get change out of plastic. My bank, though, has a program where they automatically put the change into your savings account, rounding the total bill up to a whole number. It's really nice, and I save quite a bit of money each month (usually $20 or more). I really do need to start carrying SOME cash, though. It's really embarrassing when I have to use my debit card for a $2 transaction!
@Bev1986 (1428)
• United States
4 Feb 08
I do this all the time... I have a jar in my kitchen and I clean my purse out every couple of days and add all the coins to the jar. I was able to save enough to put a down payment on our cruise in May by doing this! Honestly! I've never tried with dollar bills though... that's a good thought!
• United States
5 Feb 08
Wow, a down payment on a cruise. That's impressive. It's amazing how far the little things can go when we add them up!
1 person likes this
@Bev1986 (1428)
• United States
5 Feb 08
Yeah, I had a LOT of quarters! lol! The jar was almost totally full and I had been saving for over a year. I never give a cashier the exact change when I'm buying anything, I always get change back, so I always have a lot of change!
2 people like this
• United States
7 Feb 08
We hardly ever use cash. We always use our check card for everything. We used to save our change and then go to a coinstar and deposit it. It came in real handy when we needed gas money and money for other things.
• United States
7 Feb 08
That is actually one problem that holds me back from saving very much change. I almost never carry cash anymore. The check card is just more convenient and better for me to use. I do like that my bank rounds up to the nearest dollar and puts the change in my savings account. I save about $20 per month that way.
1 person likes this
• United States
26 Jan 08
When I get home at night I empty my purse of any change that I have acquired during the day and put it in a bank that I have in the house. About once every two months I empty it and put it in the savings account. But my grandkids do something even neater. They are 10, 12 and 13. They have a big bank in the house and they put their change in the bank. Their Dad doesn't put any change in. The kids do this on their own. They start this every January and in December they open the bank and count how much they have. Than their Dad gets a list of charities and the three grandkids pick out which charity they are going to donate the money to. I think that is pretty neat.
2 people like this
• United States
26 Jan 08
That is really neat of your grandchildren. And they do this on their own free will. What great kids!
1 person likes this
@liera0 (280)
• Philippines
29 Dec 07
I got a piggy bank where I put all change I got at the end of buying something. Including the coins I pick up from the road which usually people out here ignores to pick up. I usually count them at the end of the year. Sometimes I use it to buy presents for family and friends.
2 people like this
• United States
29 Dec 07
That's a great way to buy gifts!
@garnet80 (354)
• Australia
29 Dec 07
I try to save all my coins. This year the money went towards a new car I bought and a new video camera. My next goal is to buy a house. Obviously I didn't pay for all my car with my loose change but by saving the small stuff and occassionally notes in a tin I could only open with a can opener was great incentive. Yes it hurt putting in larger notes so to make it easier I started off with $5 notes and then the occassional larger note. It hurt at the time parting with it but as they say you really don't miss what you don't have and when you do have it yes it comes in handy.
2 people like this
• United States
29 Dec 07
That's great, garnet! I just read about a book that might interest you since you sound good at saving the small things to turn into large. It's called One Red Paperclip. The man starts with a red paperclip, and he goes to the neighbor to see if that neighbor will trade for something a litle better. Then he gets someone to trade that thing for something just a little better. I don't know how it worked out in the end since I haven't read the book yet, but your post reminded me of that. Keep saving, you may be able to buy that house with savings afterall!
• United States
29 Dec 07
I don't have my own washer and dryer and therefore have to do my laundry at the laundry mat. So when I get quarters, those get put up for the laundry. Any other change I get, I usually devide it up evenly, (like if I have 60cents, I'd divide it into 30cents and 30cents, not necessarily the same number of coins), and put it into each of my two children's coin banks.
2 people like this
• United States
29 Dec 07
That makes sense to put the quarters to the side for laundry. Then you don't have to go get quarters when you want to do laundry. That's a cool idea to put the money in your kids' coin banks. If I could get my girls to leave their banks alone I would do that. Unfortunately they are still at the age where playing with the bank and the money in it are more fun because they really don't understand money.
@Sissygrl (10999)
• Canada
28 Dec 07
I try to save change, but not the way that you would think. after each purchase i use debit with, i put the left over change in my savings account. say i had 10.00, and i spend 5.50, then i put the other 5.50 in savings. It all adds up really quick :)
2 people like this
• United States
29 Dec 07
I don't think I'm quite following you. You would put the whole $5.50 in savings? Wow, that is incredibly determined! That would add up quickly. I don't know if there are other banks that do this, but when I use my debit card they round up to the nearest dollar and automatically put the change in my savings account. I think this month I saved $17 that way. It's a great program!
28 Dec 07
I think it's easier to pay exact change while you have the change sitting in your pocket, then you can keep your bills.
• United States
28 Dec 07
That's a good point. I often feel rushed in a check-out line, so I don't dig for the exact change. Just another example of how we could slow down a little in life.
1 person likes this
@lilybug (21183)
• United States
28 Dec 07
I used to save up my change in a jar and cash it in when the jar got full, but I have had such little money lately I have not been doing that. I have been using my change as I accumulate it. Once I have not money coming in I will start saving it in a jar again.
2 people like this
• United States
7 Feb 08
I save my pennies in a jar for when I need money realy bad for gas or to eat lunch at McDonalds once in awhile. I don't eat out often but sometimes I get tired of cookin. It would be nice to be able to save dollar bills but can't afford to right now.
@jillhill (37358)
• United States
29 Dec 07
I save all the pennies I get for my grandkids. I throw them all in a big can and when the olders ones are here visiting from Arizona they get to cash it out and it's divided equally between the four. Last time they each had over twenty bucks....just in pennies!
1 person likes this
• United States
29 Dec 07
Wow, that's awesome. How long did you save for that?
@jillhill (37358)
• United States
29 Dec 07
About a year.....so that is about how many pennies we collect during a year! LOL
1 person likes this
• United States
30 Dec 07
I am impressed. That is wonderful!
@CAMILLERI (373)
• Australia
8 Feb 08
Yes , definitely. I had four containers full of loose change. I heard thay you can take them to the bank and they count them for you. Last week I dis and to my surprise I found I had $270. I asked them to top up my credit card. That was great.
• United States
10 Feb 08
That's great that the bank will count the change for you. Here if you want the change counted you have to roll and count it yourself. Or there are machines that will do the counting and take something like 8% of the total.
1 person likes this
• Australia
11 Feb 08
They have a very good machine to count loose change. They were very good about it. There was NO charge for the service. You must be a member of the bank.
• United States
8 Feb 08
the last time i did this..my wife was away for a couple weeks and i just put all the extra coins in coin wrappers and took them to the bank..as we are putting up our house for sale and i don't want a lot of stuff around to tempt people.. but the cashier looked at the coins and she was not pleased ..but they were in wrappers..she said if there was a mistake i and it was short i would have to pay the difference..so i told her i don't want the cash just put it in the checking account for me..it seems the banks hate to wait on anyone..good..get rid of the clerks and just have ATM machines..that is the way they are going anyway...even checkers are the store are being replaced by machines..and they just scan the items anyway? but it was about 59 bucks..give or take.
1 person likes this
• United States
10 Feb 08
I hear you on the bank tellers and cashiers. I hate those self check out machines at the grocery! One can't get customer service anymore. Oh well, that's off the topic. That's really sad that a bank teller would be upset with you bringing in change. I thought that's what the bank was for! :)
• United States
31 Dec 07
Yes my husband and i both put all of our change together. We are saving it for an emergency. Only using it if its a have to case. We have been saving for probably about 3 months or maybe a little longer and we have $60 some. I know if we cash it in we will end up spending it, lol. So yeah i think it does help to save it.
1 person likes this
• United States
31 Dec 07
It's easy to spend something once it's cashed in. I've often thought of changing my coins into bills once per month or so, so that I could track what I have. Like you said, though, if it was cashed in I know I would spend it!