What do you do with the money you save in a jar?

United States
January 18, 2010 10:49am CST
We have a jar that we save change in. Id like to save it up for a great vacation or even something as small as a date night. My question is when you have a jar of change how do you turn that into something you can use? Do you take it to a coin star and lose 7 cents per dollar? Or do you change it somewhere else? do you put it in the bank? Or just spend the change?
7 people like this
41 responses
@peavey (16845)
• United States
18 Jan 10
Why pay coinstar to count and roll your change when you can do it yourself? Banks will still give you paper rolls to put coins in. Just count the coins, fill the rolls and take them to the bank to exchange for bills. You have to put your bank account number on them so you can't cheat and put in blanks or shortchange the roll.
1 person likes this
• United States
4 Feb 10
Last time I counted it out my self and took it in they unrolled it and counted it all out by hand. It took me forever to count it out, and it took them just as long. I know they need to protect them selves against people trying to fraud them but there has to be an easier way.
@peavey (16845)
• United States
5 Feb 10
Really?? Wow. My bank has never done that. I have to put my account number on the wrapper and that's all. I can see that it would be a real pain to count it then have to wait for them to count it again. It might make more sense to spend it!
• China
18 Jan 10
Hi,there, For me ,Sometimes I would like to use that amount of money in the jar to change for something else with my mom since my mom is an accountant at that time ,she will change the coin into paper money we call "(RMB)". I remember there was a time I used all of my money to the poor people on the street .I parted my money into several parts and distributed them to four beggers I met on that day...In helping others I just made these coins relaize their true value ....~~~ Molly:)
1 person likes this
@patgalca (15026)
• Orangeville, Ontario
18 Jan 10
Though I have given coins to homeless people on the street, that is only when we visit the big city. We don't really face that in our small town. What you have done is wonderful. You will be blessed.
• United States
4 Feb 10
Its true that those people could do more then the coins then we ever imagine. Great job doing good works. Thank you.
@smileonstar (4012)
• United States
18 Jan 10
Hello, I also have a jar... but full with money range from $100-$1. sometimes I have coins as well, but if I have too much then I will put in the bank. I will not pay for those coin machine. 7 cents per dollar? how if I have whole lot? then I will have to pay more than I save huh? no way. mostly, I will save it for something important or my emergency money needed. If not then I will keep them all...
1 person likes this
• United States
4 Feb 10
I have the occasional bill in my jar, but really I sneak those out first when we need them. I think the 7 cents a dollar is alot too. It can really add up. I guess it is a good business to be in for them. If you had $100 to cash in they would keep $7 of it.
@dorannmwin (36698)
• United States
22 Jan 10
I too am a person that saves up my change in my pocket at the end of the day into a change container. When the container gets full I go to the closest bank and get some coin rolls for them and I will roll up all of my change. Then I will go back to the bank and either trade in the change for cash or I will deposit it into our checking account. In this day and age where every penny counts, I can't afford to lose almost 1/10 of my money to the coin star.
1 person likes this
21 Jan 10
With the change that I save I bag it up and take it to the bank or the post office and then divide the money between myself and my partner. I think what I will do from now on though is when I change it, put it into my baby's account. Baby is due in just over 2 weeks. I would like to start saving for my child and encourage my child to save and to help them understand the value of money.
1 person likes this
@Ritchelle (3795)
• Philippines
21 Jan 10
i used to pride myself in saving whatever i can (this would entirely mean coins for most of us) in a piggy bank. a big piggy bank that is. till i realized that it's hard to bring them all to the bank once that piggy bank gets filled up so i decided to buy little piggy banks instead so the coins wouldn't be as heavy when i get to bring them to the bank. i find this better since i found myself spending many coins, and my savings, because i can't bring them all to the bank.
• United States
20 Jan 10
Usually I save it up for rummage sale season! Or if the kids do something I didn't ask them to do I put it in their piggy banks and add it to their savings account & then roll it into a cd when they have enough or leave it to add when an existing cd comes due.
• Canada
19 Jan 10
Hello Happythoughts, I never end up using the money in my piggy bank for what I was saving for. Theres always some emergency that comes up and I'll take that money to sort of pay for it. I roll the money myself, buy the plastic thingy at the dollar store. Last time my piggy bank was full, we had to use it all for a new hot water heater. So this time around, Im not thinking about anything in particular, maybe I'll manage to fill up my huge piggy bank this time around !!
1 person likes this
@FlaKNMB (831)
• United States
19 Jan 10
While I don't save money in a jar, I have some good friends that do. They save their change until they have a household bill they can't pay. They hand wrap the quarters then take the small change to a Coinstar machine. To me, that's a silly expense. Whenever I have change to roll (like after a garage sale), I do it by hand. It doesn't take long and isn't hard. It's something I can do while watching TV, for Pete's sake. Even if it is "just 7%" as some say, I still think every penny counts.
• United States
19 Jan 10
I save my money and cash it in before I go on vacation.
1 person likes this
@Thoroughrob (11750)
• United States
18 Jan 10
We save it until there is something we really need and don't have the money for. Our money is tight, so we don't touch it, as it is our only backup.
@Thoroughrob (11750)
• United States
18 Jan 10
I will not use the coin machines either.
• United States
4 Feb 10
We use it when we dont have the money in the bank. It is never very full. When we take walks we always look for dropped change and that always goes right in there. I figure every penny counts. Someday Id love to see it add up to something but for right now it goes out about as fast as it comes in.
@ladym33 (11007)
• United States
18 Jan 10
Usually I save it for vacation. Vacations are very important to us so I want to make sure we at least have some money for vacations every year, even if times are rough. But in the past I did save enough change and dollar bills to buy a patio set. I took me two years but I was finally able to to do it. I felt pretty proud of that and love the patio set.
• United States
4 Feb 10
We think vacations are a big priority as well. Its making memories and bonding as a family that is so important to us. We try to take a few trips each year but I never have enough cash in the jar to help much. I do take the bigger coins out incase we need to use a vending machine to get things.
@BinaryKat (738)
• United States
18 Jan 10
The quarters I save for laundry since I don't have my own washer and dryer. The pennies go into a fortune cookie tin and the rest in a jat. I plan on rolling the coins and depositing them in my savings. I don't trust the Coinstar machine at my local grocery store because it is always breaking down.
• United States
4 Feb 10
I have wondered how reliable they are. If I dump in $100 will it actualy count up the $100 or will it count it as less. Who knows if they count each and every coin? It makes me wonder, but I am more likely to spend a Gift Certificate then to spend a bunch of change so I guess it has its perks.
• United States
18 Jan 10
We keep it for quicky things like change for the meter or a treat like ice cream with the kids. If the jar does get filled to the top we put it away for vacation, or as of now saving it to go to a wedding across the country next year.
• United States
4 Feb 10
A wedding. What a fun reason to store change. I pay my kids allowance from it as well. I pay weekly and since they are young its usualy just change they have earned so its easy to do. The kids then want to take it out to the ice cream man but usualy I tell them that they can take that same $2.50 they spend and buy a box of ice cream at the store. Its just not as fun for them that way.
• United States
18 Jan 10
I took my saved coins to coin star. I had enough for two plane tickets from Miami to Ny. Another time I had to cash in my coins and got the same results. Now I am saving to just use it to pay a bill. I love coin star but,only for the nickels and dimes. I will never put a quarter in it. That would have to cash out at the bank.
• United States
4 Feb 10
I have never tried coin star before but I have heard alot about it. I like the idea of being able to get gift certificates and not lose value in my money. I dont want to lose the 7 cents they charge. I can take it to the bank but there isnt a machine that counts it there.
@marguicha (112347)
• Chile
18 Jan 10
In my country´s currency, the biggest coins are worth a little less than a dollar. I save some of those in my piggybank for vacations, once a year, along with my online earnings saved at paypal. I must confess that if I have an emergency, I open the piggybank. Fortunatly it´s not that easy to get my paypay money so that goes ALWAYS for my main purpose. The lesser coins I keep in a ceramic swann and use it to buy eggs and cheese at a nearby mini market. When my dog sees me with the swann in my hand, she knows she´s in for a walk.. Still the smallest coins I save all year to take them to the Bank once a year at the time of my country´s Teleton (a 24 hour TV show that collects money for hadicapped people). The Bank recieves all kinds of change that day: it´s like the real Christmas spirit comes to visit us. Take care and hppy posting!!!
• United States
4 Feb 10
I have a small jar and we plan on using it for a vacation. When money is tight and we just need a few things from the store I take my change and buy milk and bread. I wish it added up faster but at least I have it.
@mikyung (2234)
• Philippines
7 May 12
It is really amazing how big things start from small. I have this piggy bank at home where I put evan the smallest denomination. I'm planning to buy for something important - like snacks or pay the bills or something.
• Philippines
7 May 12
Hello happythoughts! There are several coin jars I maintain at home. Having them filled up for sometime now made me more aware of how much it contains the moment each jar is filled up. I mean, I already know, more or less how much I have saved so far. Of course, I still count the moment each jar is filled up. Sometimes, I go deposit the coins in the bank. Sometimes, I just use it to purchase whatever it is that I have been saving up for. There are also times when I go to stores to have it changed into paper bills.
@jambi462 (4597)
• United States
4 Feb 10
Me and my girlfriend save up all our change in this big jar we have in our room. When it gets completely full we usually cash all the coins in at a Coinstar somewhere and then go to a used book store and pick up some new books and then we go out to lunch or dinner with what we have left over. The last time we cashed in our jar we got $97.77
• United States
30 Jan 10
I save my change until I have enough to roll and then I deposit in the bank to help with my bills. Every penny adds up. I have a deposit ready to take to the bank in the morning. I don't use coinstar because I hate giving money away. I hear you can get gift card now and they don't take a commission for the change. I don't mind rolling my own.