What do you do with your change?

United States
August 24, 2009 9:38am CST
Do you keep your coins in a piggy bank or jar? Do you save them up for a long time or cash them in when you have a fair amount at your bank? Do you spend them as needed? I usually pay my kids when they do something around the house, in particular things I didn't ask them to do but needed to get done. They don't understand what each coin is worth yet they are thankful to get any change for their efforts. Hubby swipes change for coffee money at work or for his weekly lotto ticket. The kids well their piggy banks get emptied every once in a while and deposited into their savings account. Though hubby says that's no fun, but they don't need anything right now and they need to save some money for college or a house in their future.
4 people like this
25 responses
• Philippines
25 Aug 09
I am 31 years old by now and I still have a piggy bank aside from my bank savings account. I still put some coins into my piggy bank and I use the money for buying small things or prepaid load for my cellphone. I don't want to withdraw money every now and then from my savings account so that I don't get much of service charge in my account. I have learned saving my coins since I was a kid and teaching kids how to save is a good deed. Kids will know the value of money and thus they can bring this atittude when they get older. They will not spend too much money for something isn't worth but they will save for long term goals like retirement.
1 person likes this
• United States
19 Oct 09
Long term goals like retirement seem very far fetched in the current economic times, especially for our age & generations that follow. I hope that when I can get a full time job that I can earn extra money to save for retirement and other things. But for now helping to keep the bills paid is all that one can hope for.
@Ithink (10409)
• United States
25 Aug 09
I save all my change and put it into a nice sized plastic coffee container. It is almost half way full already. I will probably put it into our savings account unless we have something that needs paid when it is full. I do keep out my quarters about a month before my pool league starts thou. Our 2 year old has a nice sized candy container she puts all change she gets or finds. I have to make sure she doesnt see me doing mine or she wants it all! LOL! The teens spend it as fast as they get it. Someday they will learn I guess. I tell them saving is wise but it seems to fall on deaf ears.
• United States
18 Oct 09
Yeah my kids are that way with my change too. The minute they see it they are deciding who gets what! *LOL* Unfortunatly, teenagers are busy worrying about their status @ school so they have to do the excess to stay "cool". Wich I understand there comes a point between being wasteful and spending your money wisely while attempting to keep up with your friends.
• India
24 Aug 09
Now days it is very hard to get some change. I usually use them to buy some news papers, and I always save the coins so that I can put it to two beggars.These two beggar woman always sit in the same place and every day when I go for my morning jog, I always give some coins to them. Other wise the loose change is not much use now days.
1 person likes this
@Shar19 (8236)
• United States
24 Aug 09
That's a nice thing to do - giving them some money.
1 person likes this
@lhsy2k (227)
• United States
24 Aug 09
I keep it in a jar and usually spend as needed.
1 person likes this
• Lubbock, Texas
24 Aug 09
Change? What change? My SS check goes directly into my bank account and directly out again via bill pay. I never see any money.
• United States
25 Aug 09
I feel that way about my pay as well. I think most people do as fast as they get paid it's out the door again. Kinda depressing in a way too ya know?
• United States
25 Aug 09
That's how we are. Hubby's check is direct deposited into our bank and we either write checks, use our debit card, or pay bills online. Rarely do we ever have any cash either, which makes it hard to accumulate change.
• United States
18 Oct 09
Same here Kat! Though once in a while if I"m paying via debit I'll get some cash back.
@indybaty (373)
• Panama
24 Aug 09
Lately I give my change to my husband. He needs it more than I do for transportation. And what comes back from that, I put it in this Pucca piggy bank that I have. Either way, its for my baby.
• United States
18 Oct 09
What's a pucca piggy bank? Usually my hubby will steal my change for coffee money for work... BUT I hide it well on him now ;0)
@indybaty (373)
• Panama
20 Oct 09
Hahahaha its a regular coin piggy bank, but instead of being a piggy, its a Pucca. Pucca is a cartoon character of a girl who has a crush or is in love with this guy named Garu, but he doesnt have the same feelings. Oh, and its in a ninja world were she is the most skilled. And she doesnt say a word. Nor does the guy. Look it up! Its quite funny. Oh now that is just wrong!, your husband taking money like that. Mine always asks. Good thing that you are hiding now. Its polite and the good thing to ask! Happy Mylotting
@magickat (382)
25 Aug 09
Larger coins we keep in a pot as it's handy to have the change for popping to the corner shop for a pint of milk or whatever. Coppers and 5p pieces go in a piggy bank and when it's full up I take them to a store with a Coinstar machine which is great - it sorts and counts up the coins for you for a small charge and prints out a voucher you can exchange for cash or goods in store. Comes in very handy at the end of the month!
• United States
19 Oct 09
I've seen the coinstar machines but I refuse to pay the fee. So I just hang onto our change til we go into the bank and cash it in then. It doesn't earn any interest or being put to any use sitting in a jar at home.
@Lefair (4)
• New Zealand
25 Aug 09
A few years back in my country they got rid of the 5 cent coin. and were taking in all 5 cent coins to put into your bank to bring them out of circulation. When I handed in all my spare 5 cent coins, as I usually just put them in jars; and had a few jars full. I ended up with over 140 dollars. Spare change makes great safe money after a while. tossing a dollar into a jar every now and then and handing it to the bank at the end of the month could save you money you didn't need to spend on that extra twinkie.
• United States
19 Oct 09
What was that like for them to get rid of a denomination of coin? There's been rumors around forever that they were going to get rid of our penny because it costs more to produce one than it's worth. $140 could buy alot of twinkies!! *LOL* But twinkies all the time aren't very good for ya.
@thea09 (18324)
• Greece
24 Aug 09
Hi snugglebunnies, if I'm planning a trip up to the market that week I always try to keep as much change as I can aside as it's much easier to pay over the right money like that rather than expecting them to change notes. We have a huge fruit and veg market in town an hour away but it only opens two mornings a week but when I can time it right and get up there the stuff is always so fresh and cheap, I always end up buying heaps too much stuff as it's such good value.
• United States
25 Aug 09
Thats a great use of your change. We have some markets here but they are similar prices to the stores but most would rather support local farmers & it's fresher.
@Chevee (5915)
• United States
24 Aug 09
I put my change in piggy banks and jars, I have change all over the house and also in my car. I have a change purse that I carry in my purse, I put change in there too. I am trying to break this habit of not spending change and breaking dollar bills just to keep from rambling in my purse for change.
• United States
18 Oct 09
That is true, you should spend the change that's in the bottom of your purse. Afterall it gets heavy after a while to drage that around.
@katsmeow1213 (29016)
• United States
24 Aug 09
I try to keep mine in a little ziploc baggy. Normally we rob it when cash gets low and we need a little something, like a loaf of bread or jar of pasta sauce or something. There've been times when I've actually accumulated about $10 worth. It's rare, but there's been once or twice I've deposited it into the bank. Usually though I'll just use one of those Coinstar machines and use that towards my weekly groceries or maybe an important something I need to pick up that week. Once I bought my MIL a birthday gift using nothing but my change and some bottles and cans.
• United States
25 Aug 09
That's called being resourceful with what you have! That's how my hubby has been paying for his weekly lotto ticket. I was thinking if I need a loaf of bread before thurs, I'll have to scrounge in my rummage sale/allowance change *sigh*
• Kenya
24 Aug 09
sometime back i used to keep my coins in a sealed tin with just a small hole enough for dropping the coins inside. I would then break open the tin after a month to count how much i had saved and treat myself to something good. But with the current economic crisis i hardly save any coz every coin goes to use.
• United States
18 Oct 09
that is true. One can hardly save any of their coins anymore they have to use them weather it be for groceries or gas. Sad we can't save them for a rainy day, as it seems we have more rainy days than not right now.
@Shar19 (8236)
• United States
24 Aug 09
My husband empties change out of his pockets and will put it in a jar. Then after a while he'll cash it in. I use my change. I just keep it in my purse and use it as needed when I buy something. I'm one of those people that likes to have exact change when I make a purchase rather than break a bill.
@dragon54u (31556)
• United States
24 Aug 09
I put my change in a little brown crock that my grandma used to keep brown sugar in. When it's full, I roll the change and put it in my savings account. I haven't done much of that lately because I've been using my debit card for most things instead of cash. But I need to change that--I saved a couple hundred dollars last year by saving my change and I can't do that unless I deal in cash!
• United States
24 Aug 09
That is true we are all getting used to using our check cards soo much we don't always accumulate change like we used to.
@dlr297 (5358)
• United States
24 Aug 09
I put all my change in a big container that i keep in the bed room, and every night my husband and i put all the change we got from the day into it. We only cash it in every once in a while, and we usually get something special with it, or we use it for a weekend getaway just for the two of us.
• United States
24 Aug 09
That's a great reason to hang on to your change for so long! That must take an awful long time to accumulate enough for such a trip.
@maezee (31040)
• United States
24 Aug 09
What I've been doing with it is saving it in a mason jar and cashing it in when I have quite a bit of it saved up - and then just putting into my checking account. I've been spending more and more CASH lately (I'm usually just a plastic kind of girl - I love my debit card) - but for some reason I've been getting a lot of change lately. Just from last weeks' collection, I got to deposit $7.92 worth of coins into my checking. It makes for a nice extra padding.
• United States
24 Aug 09
thats quite an accumulation in such a short amount of time. Good for u only paying with cash. I'm trying to do that here, but kis are demanding & they will have to just make due.
@Ritchelle (3797)
• Philippines
26 Aug 09
change for me would be coins . am a stay at home mom and even a small bill would be cash for me and would be put aside. this goes to the daily allowance i receive from my husband. i spend only the coins. if the coins run out i tell my husband as to the thing i usually buy is a household supply. however, if it is not for the house, then the money i saved (bills) would be put to use .
@rosepedal64 (4192)
• United States
25 Aug 09
Right now my spare change is what we sometimes have to buy that gallon of milk or loaf of bread with. My husband has been laid off since first of the year. So our change always comes into good use. Before he got laid off we would put it into a container and save it up. We never got into the container unless an emergency came up. When he got laid off we cashed in the coins and had about 300 dollars. It was used in a very useful time. When he goes back to work I will save that change again.
@cher913 (25893)
• Canada
25 Aug 09
we save the money that we find on the street and along with that, we save some of our spare change (that hubby doesnt use for coffee!) but we use it for a family treat such as ice cream or an outting to a park or something fun for the whole family.
@smart44 (511)
• Philippines
25 Aug 09
I just keep it so that I have money for the future use. I just change save it since I am saving coins for because I am using it for this coming Christmas. Children are going house to house and we need to have some coins for them.