Do You Save Your Loose Change?

loose change - loose change turns into cash
@wachit14 (3600)
United States
July 6, 2008 1:04pm CST
My husband and I began saving our loose change years ago. We have jars of it around the house and from time to time we turn it in at our bank, which does not charge us for changing it over from coins to cash. Last week we turned in one huge jar and got back $550.00 in cash. I was wondering if anyone else did this and if so, what's the most you've saved from loose change? I got my kids to do this too and surprisingly, they have saved some money this way over the years and they turn it in whenever they need extra cash to buy something they want.
28 people like this
96 responses
• India
6 Jul 08
Hi Really a very good idea. I keep the changes in a bowl but will take this often when we need changes. But never thought to convert this into cash like this. I think I will also keep the changes and convert them to cash from now on.
3 people like this
@cream97 (29166)
• United States
6 Jul 08
Well, no not really.. I spend it so much faster than I can save it. Banking it would be a better option for me.. That way, I will not be so quick to spend it all at once!
2 people like this
@SHAMRACK (8533)
• India
6 Jul 08
Dear friend, I had this practive before and used to put this in the piggy bank and later after the piggy bank is full I would open and with that money I would buy some gifts to my parents. Actually this is very interesting saving for me. I got this from my school days when my parents and relatives used to give pocket money I used keep a part in my piggy bank at that time I used to buy sports items like football, boots, etc. Later when I got my own job during my colleges I days I started buying gifts for my parents.
@wachit14 (3600)
• United States
7 Jul 08
It's nice to know that you've kept up the tradition of saving loose change. It's a great way to save money for extra things you want and especially for gifts. Thanks for sharing.
1 person likes this
@SHAMRACK (8533)
• India
17 Jul 08
Dear friend, Thanks for the BR and for a good topic
@roxanne271 (2035)
• Trinidad And Tobago
6 Jul 08
Change Jar - I need to start saving in a jar
Wow, that is alot more than i saved. I really don't have a jar for my loose change but now that you mentioned it I should get one. I actually have a small box where I put in my loose change and if I need to make up an extra dollar to travel and don't want to break a 20 or something I dig in there and get a dollar in coins. But I had once decided to see how much I had in there and when I counted I got a little over $40. dollars in a few months time! I may look into getting myself a jar for this, I know alot of people save their change in a jar I dunno why I use a small box.
1 person likes this
@wachit14 (3600)
• United States
7 Jul 08
Actually a bigger jar give me the incentive to fill it up. I like to challenge myself to see how much change I can save in a certain amount of time.
@snowy22315 (54165)
• United States
6 Jul 08
I do save loose change it comes in handy when I am strapped for cash. I always seem to find alot when I clean my car. I also find it in the crevice of the washer and dryer. I will take 8 or 10 dollars a time to the cash sorting machine.
1 person likes this
@wachit14 (3600)
• United States
7 Jul 08
Periodically I check my car, the couches, pockets of coats and pocketbooks for loose change and I'm amazed at how much money I find.
@MZKUMA (705)
• United States
5 Jan 09
I started a few months ago. Had hubby paint jug black so neither of us can see what's inside. We toss in bills from time to time. We are planning a trip to Jamaica within the next 1 1/2 years. It should be well over enough to have some wonderful vacation fun. I love the idea. My friend got me started when she was rolling a small piggy bank of quarters that turned up a little more than 200 dollars. I don't know how long it took, but quarters add up pretty quickly if you are tossing them in on a daily bases.
1 person likes this
• Indonesia
7 Jul 08
It's good to save your loose change, anyway it's still a money. A million won't be a million if it loose some cents.
1 person likes this
• United States
7 Jul 08
Yeah I do that too. I don't save my change in jars though. I have tons of change in my car and in this change holder thing in my room. Usually I turn it into my bank every few months and I wind up with a couple hundred bucks. I usually just spend it on gas now a days, but before I would usually by food or go to the movies . :)
1 person likes this
• United States
7 Jul 08
I usually give my loose change to my kids for their allowance or for extra chores done at my request. Or, I give it to them for offering at church. I think its great that you've saved so much, its simple to do.
1 person likes this
• India
7 Jul 08
yup i do save my change, it always comes handy!
1 person likes this
@justinus (1110)
• Karawaci, Indonesia
7 Jul 08
I got changes usually from super market, if they dont have little money they give candy, now I collected change around $1 only because I didn't go to super market for long time or they prefer give cande for cents change .....
1 person likes this
@lingli_78 (12844)
• Australia
7 Jul 08
oh yes... i do... i keep it in my box... but i always cash it every now and then to the bank when i need money... and i never able to cash a lot at one time as i always use it... i just cash my coins last saturday and i get only $55... but it is better than nothing... the most i had gotten from my coins is about $250 i think... so it is really well done for you to be able to save $550 in coins... take care and have a nice day...
1 person likes this
@makingpots (11922)
• United States
7 Jul 08
My husband and I started saving our loose change when we learned that we were pregnant with our son. We joked and said it would be the start of his college fund. It is very fun for both of us when we take in our change and feeling like a tiny little effort while help educate our son someday. I like having a purpose for doing it.
1 person likes this
@vanities (11387)
• Davao, Philippines
7 Jul 08
i havent done that yet..and it gives me the idea to try it whenever i have some loose change..
@sid556 (31003)
• United States
7 Jul 08
I save all my change, all year and only dip into it in an emergency. one year when all my girls were still at home we all save together and came up with almost 800.00..and were able to go on a nice little vacation. Now there is just me and one daughter and I still save it and use it for a summer adventure together. I haven't turned it in yet but will be doing it within the next month. I'll let you know how much we saved and what we did with it. even the pennies add up.
1 person likes this
@KrauseHome (35514)
• United States
7 Jul 08
Wow!! $550? That is quite impressive. We have a big jar we are keeping change in. The problem is from time to time in between pay checks when things are tight that we end up dipping into this jar as well. But I feel this is a Great way to save up. A couple of yrs. ago we ended up saving over $80 in quarters this way... so we know it does help.
1 person likes this
@babystar1 (4236)
• United States
7 Jul 08
Yes My husband saves all his change even pennys. When we get the jars filled, we take it to the bank. You did real good by saving 550.00. it sure come in handy when you need it for something.
@coffeeshot (3786)
• Australia
7 Jul 08
I believe that this is a very effective way to save money. The reason being that we generally disregard small change, even giving it away at times ("Keep the change"). My boyfriend gives me all his loose change at the end of every day because he hates carrying it around in his wallet. I throw my change at the bottom of my bag and every now and then I take it all out and put it into a little container. $550 is a mammoth effort! That amount could go straight into paying off a bill and you didn't even really have to do much to save up that money! Was the change you saved mostly cents or dollars? I find it hard to part with one and two dollar coins but it is an effective way to boost the value of your change jar. Good job on teaching your kids to save too- they'll most probably take this saving technique and use it when they're adults.
• Canada
7 Jul 08
My husand used to keep so much change in his pokets, that tey'd get holes in them!! I bought him a mug to keep his change in, and some tubes to roll it in when he got eough. As for myself, I save my hange, roll it, and give it to the people at the cae to put on my cae ard. I hae managed to pay for a lot of coffee that way.
1 person likes this
• United States
7 Jul 08
i try to save my change..but lately it's been paying bills. the most i'd saved was about $450.i rolled it all and cashed it in,but boy did i get the stinkeye from the teller.rolled or not,she didn't want to count that many nowadays,they have the change counters at the grocery store.i imagine if you had a lot,that might be worth the fee.
• United States
7 Jul 08
I always have a lot, and instead of rolling it myself the last 2 years I have taken it to my bank. They have the machine and don't charge a cent to count and roll it. It beats paying a machine to count it for me. I just drop it off and they call me and tell me how much it was. They just put it into my account.
1 person likes this
• United States
7 Jul 08
really? wow.i wish our bank did that. i think they would freak out if i tried