Do you save your Pennies?

@payout (3722)
United States
November 16, 2011 6:09pm CST
I know we have pennies and change very here in our pockets in our wallets or pocket books, when we wash clothes in the washer And dryer, when we are taking walk in the park outside the store on the side walk. On the floor when wear vacuuming cleaning up the house. I'm sure I made my point we find change very where. Me personally I take all that change and add it up and Put on in a big plastic jar, lol.. Rig now i think I have 15-20 dollars worth haha.. And it isn't even 1/4 filled haha. So I know by the time it hits the top. I should be RICH!!! joking but I should have over $100 haha .. Right into my savings account
7 people like this
31 responses
17 Nov 11
Generally I divide all the loose change I find between my two daughters piggy banks, except the quarters and dimes. Those end up in a huge plastic jar on the top of my refridgerator. That way when we are broker than broke we can cash the coins in for diapers or gas or milk or whatever we may need. but pennies usually end up in the piggy banks. When my daughters bank is full of pennies and nickles is houses roughly $70... which is when we go to the bank and make a deposit. I look at is as, every penny counts towards building up for a college education!
1 person likes this
@payout (3722)
• United States
17 Nov 11
That's neat and a great idea @ my job we have accouns for kids s for savings helps them control there change and bills and move then helps them add teaches them some math online feature. Very nice. It's never too late or too early to save money
17 Nov 11
I like that idea of having accounts for kids to help tem learn about money and strengthen their math skills. Since you mentioned that I am going to actually look around at the banks in my area to see if any of them have anything similar to that. My oldest daughter is in kindergarten, so she is at the beginning stages of math. But she loves learning new things and she loves working with numbers. Thankyou for the idea!!!!
1 person likes this
@payout (3722)
• United States
22 Nov 11
Oh your very welcome yeah, I'm sure banks have something for children to help them save and how to control your, Limey the whoe math things yeah.. I know. It's a awesome way to save.. :) have fun tell me if you found anything around your area. :)
@thatgirl13 (7307)
• South Korea
17 Nov 11
Yeah you are right. there are pennies everywhere I have this big piggy bank and really it is huge haha almost bigger than my head not joking though and I think it has been with me for about 1.5years and I have been putting all my pennies and coins there. Sometimes also paper money. It is not even half full though. I wish it were full already. can't wait to see how much I've saved
1 person likes this
@payout (3722)
• United States
22 Nov 11
Wow, I really am impress with your saving skills I hope to reach mines to e tip top soon haha even thought lately I have been finding coins since I have been cleaning a lot for the it move but yeah, I just been throwing them in there. :)
• South Korea
22 Nov 11
Yeah I hope your piggy banks fills in soon. What are you planning on doing with the money btw? I am thinking of going on a trip
@katcarneo (1429)
• Philippines
17 Nov 11
Here in the Philippines we have 5-cent and 10-cent coins. You can get them as change when you're in a supermarket, o a mall store, because these are the establishments with prices like Php 12.95 or Php 20.65. Outside of these stores you practically have no use for you 5 and 10-cent coins because nobody accepts them. Prices of things are usually in increments of 25 cents, like 1.00-1.25-1.50-1.75. So, I have lots of these 5-cent and 10-cent coins which I keep in a box. When you give these coins to beggars, even they won't accept them. You will often get them as change but have very little opportunity to spend them. I still keep some of these coins in my purse in case my groceries add up to something like Php542.35. I give the cashier the exact amount so I can get rid of the 5-cent and 10-cent coins. Since they at the supermarket give them away as change, they have to accept them as payment as well. I'm guessing my box of 5-cent and 10-cent coins would amount to about Php100.
1 person likes this
@payout (3722)
• United States
17 Nov 11
Wow, that's very different compare to America , We have 1cents 5cents 10cents 25cents 50cents (halves) Dollar coins Dollar bills 2 dollar bills 5 dollar bills 10dollar bills 20 dollar bills 50 dollar bills 100 dollar bills Everything ranges only thing I think would be really cheap like 5 cents is a piece of candy at the corner store :)
@katcarneo (1429)
• Philippines
17 Nov 11
There was a time when the 5-cent and 10-cent coins were usable. Fifty years back I think we even had 1-cent coints. My mom said when she was in grade school her daily pocket money was 5 cents. Now people don't think of the 5-cent and 10-cent coins as real money, and the 1-cent coins are no longer produced. For most people, if they drop a 25-cent coin, they won't bend over to pick it up. But I pick up such coins, as four 25-cent coins add up to Php1.00 and with that I can buy.....oh, nothing. :-) Even candy these days cost Php2.00/3 pieces. So these days the largest denomination of the US Dollar is $100? I think there was a time when there were larger bills, right? Here, the bills we have are 20, 50, 100, 200, 500 and 1000.
1 person likes this
@sid556 (31005)
• United States
17 Nov 11
Hi Payout, Yes, I do save all my change and I do pick it up off the ground when I see it. People that don't do this would be surprised at how quickly it adds up. I keep track of it as I add it to my jug. I get anywhere from 15.00 to 20.00 per week. I just cashed some in today actually because I needed gas and food. One year I saved all year long and I had not kept track but just kept adding to it. My jug was a little over half full when I cashed in. It was over 600.00!!! One thing I found in keeping track of it is that once it reaches a certain amount, I don't want to touch it and won't unless it is for something we really need.
1 person likes this
@payout (3722)
• United States
17 Nov 11
Wow, I am impress and I have to say you are a perfect example when it comes to saving and that every penny counts That is a lot of pennies at the end of the day haha. I hope to reach that much but I have been saving up for months now haha so yeah I need to speed up my process because I'm in the pocess of moving I have been finding a lot of pennies and conns every where haha
@sid556 (31005)
• United States
17 Nov 11
Keep up the good work. You'll get there. I was shocked to see how much it added up. I was guessing more like around 100.00. it didn't look like it could possibly be that much but it was.
@lilaclady (28240)
• Australia
17 Nov 11
at the moment I think we all have to save our pennies, and they certainly do mount up, once upon a time they were just a nuisance but today they mean so much more to those who have to be careful..
@payout (3722)
• United States
17 Nov 11
I agree with you they do add up fast but, compare to many years ago I'm sure people threw the pennies in the trash haha. Vacuum them up and called it a day haha. Over all pennies to people man a lot more now since ever little helps and counts. :)
• Philippines
17 Nov 11
A big yes! I still save pennies just like what I used to do when I was a little girl. It is a habit I cannot change even if I am all grown up! It saved me multiple times before and I am not going to stop doing it. I have collected a lot of piggy banks to have those coins in the right place. For me, it is more effective than saving up in the bank cause I have an ATM which makes the savings very accessible. I don't think it will be convenient to bring all those coins to do shopping. It's one way of tricking myself to have some money in case of a real emergency.
@Woody7189 (247)
• United States
21 Nov 11
I personally save all my change and I also will pick up change that I see laying around in parking lots and such. I save it in an empty 5 gallon water jug until I need a little extra money, then I take it to the bank to cash it in. Its really surprising how it can add up over time.
1 person likes this
@payout (3722)
• United States
22 Nov 11
Ya, I agree and hey if my family members decided to donate there change to me I'll be willing to take it nay time and add it to my collection haha
@BlueGoblin (1833)
• United States
18 Nov 11
Yes. I put them into 50 cent rolls and the rolls sit in a drawer. I haven't cashed them in yet because it is annoying carrying so many pennies at the bank.
1 person likes this
@payout (3722)
• United States
22 Nov 11
Yes @ my job customers ask for rolls of different types but yeah I get a good amount of pennies one lady brought in over $100 in pennies and so you can imagen how fun it was for her to roll up each pack haha she always deposit some and ask for more rolls haha
@andy77e (5165)
• United States
18 Nov 11
Yes I put them in a jar, and when I save up $16, I order pizza.
1 person likes this
@payout (3722)
• United States
22 Nov 11
Oh okay, lol.. I'm guessing you don't save a whole lot haha.. Thats cool it's like treating your self after saving a hand full and hey it's almost like its free haha
@derek_a (10902)
17 Nov 11
Yes, this is something that I have done from childhood. My parents used to call it the "saving habit" and they encouraged both me and my sisters to adopt this. My dad used to say, put it away every week and forget about and one day, you will have a pleasant surprise when you count it. I do it now too. I guess it is a habit that I can't stop - but a good one I reckon.. _Derek
1 person likes this
@payout (3722)
• United States
22 Nov 11
That's nice, :) I think your dad I'm sure was a wise person. :) and it rub off because you continue the habit haha. :) well yeah all my family members know I'm a saver not a spender and if I spend it's for something I really need or really want haha .. And believe me I place the pros and cons on the table haha
@jterrock (277)
• United States
17 Nov 11
Yes! I save ALL my change! I put the pennies in one jar and then my silver change in another jar. I put it somewhere where I just forget about it and then when it fills up, I go and cash it in! I would use this money to pay off a bill or for something extra special for myself. My brother saves all his $1 dollar bills and sticks them in a drawer. He had told me that he has over $100 in ones now. Crazy how fast money adds up when you just forget about it!
1 person likes this
@payout (3722)
• United States
22 Nov 11
Yes you are right about that I think that's why they have created the 401k method because its almost like an invisible savings account hha. But yah at my job our 401k they match what eve you save in there so yeah you bring in 1000 they will match Kane you have 2000 now that's awesome. I think. :) Right now I'm have been at my job for some time and I'm hope in that once my year hits I'll be able to get some of that 401k :)
@djbtol (5498)
• United States
17 Nov 11
I do the same thing, and the change really does add up nicely. Unless, that is, I have to surrender a bunch of quarters to my daughter in college for laundry! That is no fun, and sets me back terrible. But hey, she's my kid! Do you have to prepare the coins before you take it to the bank? I used to count and roll the coins. Took time, but it was required. Now, my credit union has a coin counting machine that makes the job a snap. Of course the machine embezzles 3% off the top. Boo!
1 person likes this
@payout (3722)
• United States
17 Nov 11
I work at a bank and our require em to be roll you can put them in a bag and we send it off to our proof department but that can take up to 2 weeks before the money hits your account haha. But, that's not worth it, haha. We do have branches that do you just dump in the machine but we don't embezzle any amount of the change haha.. So yeah I'm waiting. :) for mines to hit the tip top and here I come that's just too much rolling haha. I do that enough at my job haha..
@SandeeE (346)
• United States
17 Nov 11
Yes we have always saved our pennies and as the economy went bad unfortunetly we save less because monthly we need to cash it all in. But we also save as much of our change as possible. I think saving our change has taught my kids that saving is important. It feels pointless at the time of dropping that one coin into the piggy bank but when my kids go to cash it in they are so excited by how much they saved. I think if we all tried to save our change or even our pennies all year long most of your Christmas gifts could be covered. How exciting would that be!!! lol : )
1 person likes this
@payout (3722)
• United States
17 Nov 11
Yeah I agree, and yes, tha would be exciting hey worry free haha.. Right now 15-20 won't give me something great but maybe a nice gift card would be nice haha. :) well yah that's a clever Ida I mig just use that if I get enough change maybe the Christmas of 2014 would work grat haha
@curmont (343)
• United States
17 Nov 11
I have been saving my change in an old water jug for a while now and while it barely covers the bottom of the jug there is more then $25.00 in there I can only imagine what it will add up to when it is full. It seems it used to add up quicker but now I use my debit card for most of my purchases which means no change.
1 person likes this
@payout (3722)
• United States
17 Nov 11
Yes, you are very right about that because we use our debit cards and credit cards a whole lot it because almost impossible to have change around that's if you find it now if you are a server or make tips anything like that then I can see how you build up some good change but yeah I think that's why my pile of change is taking so long to reach the tip top haha
@cher913 (25890)
• Canada
17 Nov 11
i do an although there s been some talk about stoppng the production of pennies here in Canada, for the time being, i will continue to save them in my jar.
1 person likes this
@payout (3722)
• United States
17 Nov 11
Really, wow I wonder why because I can't think of any reason why they should do that many e economy is playing a roll in e descision because it getting rough every where, some states here have it worst then others but we allare feeling this debt in amercia :(
@deliar (609)
• Indonesia
19 Nov 11
pennies - so much pennies there..
it so much and if we change them into dolars, we will get some money and i think that was really good for you.,
trying to collect your pennies and give them a place.
it can be a really good activity.
many peope think that pennies are uselees,no.
the truth is really help and useful i think
yes i do that, saving my pennies really help me. it can be a situatinal fund that can help me in many problem. i take my pennies into a frog jar from soil. many people ignore when they get exchange in pennies form. i think they have just waste their time. the just waste their money. if you coleect pennies little by little, i think that will be a big money. so dont forget to save your pennies. it can help you oneday;
1 person likes this
• Canada
11 Dec 11
And loonies and toonies, I live in canada so if you don't know what they are they are $1 and $2 coins. I save those as well and I put them all in a jar as well and every once in awhile I roll it all and take it to the bank. The last time I rolled it all I had $350. I probably have about $100 again in there. Those loonies and toonies add up really fast. When I am walking somewhere and I see money on the ground, even a pennie, I will pick it up. I know a lot of people that won't. I have some friends that will laugh at me for picking up a pennie or even a quarter. Believe it or not, a good place to pick up a lot of change is in a casino parking lot. I have seen people come out of the casino and they are so mad they take all the change out of their pocket and they throw it. I have seen this happen so many times I laugh. One time I saw this I went and picked it all up, well maybe not all,maybe I missed some but what I picked up was about $8.00. I really liked that and put it in my jar when I got home. littlemissy signing off for now, talk to you later my friend
@blue65packer (11835)
• United States
8 Dec 11
I put my spare change in an old margerine container. When it gets alot I put it in my Christmas account. I rarely leave money in my pockets! I do find some in the bottom of my hand bag from time to time! I used to have to save the quarters for the laundry mat. Now I have a washer and dryer I don't have to anymore! When my sister was married to her first husband he never cleaned out his pockets! My sister always found extra change when doing wash! She usually left it on top of the washer! She collected alot of change!
@garson (886)
• United States
28 Nov 11
Why would one need to save your pennies? Why not spend some? Many people leave pennies and other small changes in their car, their pocket, and everywhere. Since many people in the US rely on debit/credit card to pay for purchases nowadays, many pennies end up sitting in a jar, car, and everywhere. One does not have to be great on math to spend pennies. For example, if you go to 7Eleven and your total is $1.01. Just take out $1.00 and a penny. No need to use your debit or credit card.
@whatrow (793)
• United States
18 Nov 11
I certainly do. I save all of my change and constantly scan the ground for coins. Pennies add up to dollars. When you run out of food, your coins might be just enough to buy you another meal.
@salonga (27955)
• Philippines
18 Nov 11
I don't save pennies. I spend them as much as I could. I avoid coins to be accumulated in my possession because if I do this I'd be in a way an instrument in creating a problem in the circulation of currency. Many people have the tendency of keeping their pennies in their piggy bank o plastic jar so the circulation stops there and hence shortage of coins happen. For this reason our Central Bank has been requesting people not to collect coins. They must be spent on a regular basis to avoid creating abnormal shortage which cause problem in the market.