What do you do with your change/coins?

@kemak28 (738)
United States
September 14, 2012 2:19pm CST
We throw all our coins in a bucket. It was getting a bit full so I thought to count it and to my surprise there was like $225 in there! What do you do with yours? Do you save it or just use it for purchases?
4 people like this
25 responses
@aghiuta (526)
• Canada
15 Sep 12
Used to have a piggy bank,but sadly I "had to kill the pig" this summer to have some money on my vacation.Now I just throw the money left in my wallet at the end of the month in a little pouch. Also I read some suggestion,in an article about saving money,and I will try that: every time I make a transaction on my debit card(and I use my card every time I shop) I will make a $1 transfer to my saving account!Will see how that works out!
@kemak28 (738)
• United States
15 Sep 12
Thats a neat idea...I never thought of doing that!
@aghiuta (526)
• Canada
16 Sep 12
I started today with the transfers,will see how it will turn out!
@Tina30219 (35120)
• Onaway, Michigan
15 Sep 12
Right now I am saving my change not sure what for right at the moment. Many years ago when me and my husband first got married we saved all our change up to see how much we could save without using it and we saved over $500.00 but then a financial dilemma happened and we had to use it to take care of it.
@kemak28 (738)
• United States
15 Sep 12
Wow that's a big savings! My Dad did that once nefore he had saved like $700and in a big gallon ice cream bucket. I was amazed there was that much in there!
@Tina30219 (35120)
• Onaway, Michigan
15 Sep 12
Yeah it was. I am trying to save my change right now to see how much I can save up.I have my change in a coffee cup when it gets full I dump it into a big container and refill the cup and dump again when it needs it.
@Otanetix (509)
• United States
14 Sep 12
Depending on my financial situation, I would either save it or use it to pay off bills. For instance, paying off loans or debt on credit cards would be a great help. Saving the money in a savings account or certificate of deposit (CD) account would also be great. If you don't want to carry so many coins and want it converted into cash, I would stop by a Coinstar kiosk, but that those machines would charge you a fee for using their kiosks. Anyway, based on my situation, I might use part of it for bills and the rest of it to be kept safe in the bank for later use while it builds interest.
@kemak28 (738)
• United States
14 Sep 12
Yes I think we will rake it to one of those machines this weekend or throw it in the bank
@aeiou78 (3457)
• Malaysia
8 Oct 12
In my country Malaysia, there will be a service charge if the coins we deposit into our bank account has exceeded certain amount because the relevant bank has to pay for the transportation fee to send those coins to the Central Bank or the National bank of the country. Presently, all of the banks in my country are emphasizing to use the automation machine for all of the transactions, to save the man power. When I have a lot of coins, I shall count and send them to any of the retail shops to exchange for notes. Some places do buy and sell the coins. But I have not tried for such earning yet. Anyway, coins at my place is shorting and those retail shops will appreciate me very much for such exchanging.
• Philippines
15 Sep 12
Same here. I put all the coins and change I have for the day in my piggy bank and after two months, or maybe three, it was already full and heavy. When we opened it, it had around P2000 (that is roughly around $45). Better to have something than nothing, right?
@kemak28 (738)
• United States
16 Sep 12
exactly! I was just surprised how it adds up and that we had that much. We typically use our debit card for purchases too and don't use cash that often so I was surprised we had accumulated that many coins even.
@TeamCholent (2843)
• United States
14 Sep 12
I have a charity box for various charities in each of the rooms of our house(central to our beliefs of giving). Every time I have a coin or even a $1 note I will donate it to charity as I am aware that my $1 will help someone else out a lot more then it would help me. Did you deposit the cash into your bank or treat yourself to something? You can always go to a Coinstar machine and drop in your coins and get a gift card towards Amazon or a store you prefer. Happy MyLotting!
@kemak28 (738)
• United States
15 Sep 12
My husband is going on a football trip next week so I think we will cash it in for spending cash for his trip
@cher913 (25890)
• Canada
14 Sep 12
we have an old cider bottle that we put our loose change into. we wrap it occasionally and then take it to the bank. we put into a special account that we are saving for our retirement.
@kemak28 (738)
• United States
15 Sep 12
That's a great idea!
@betlynfrnds (1537)
• United States
21 Sep 12
With my coins I spend a little and save a little. I have a cute piggy bank, which is actually a bear, so I guess it's a bear bank. Anyway, the thing was so full that I couldn't fit anything else inside. I opened it up, wrapped the coins and ended up with about $50.00 or so. Not quite your $225.00 but it was still good. Now I'm starting on my next batch in the bear bank.
@lkbooi (16101)
• Malaysia
19 Sep 12
Hi kemak28, I like keep iron or plastic containers that look cute. Among them there are some in sizes are appropriate serving as piggy bank I pick one to dump coins that I have got daily. You know every little makes a mickle and time goes by coins available in the container have piling up unconsciously Have a nice day
• United States
16 Sep 12
Hi! In answer to your question, sometimes I donate to those in need (such as Salvation Army or ASPCA), or if I know that the grocery bill is going to be higher than usual, take a small handful and put it towards the Coinstar machines that you see when you walk in. There is always a good use!
• United States
16 Sep 12
We had been using a big blue bottle that Jim had from his parents. The idea was to put our daily loose change there, but Jim has a very bad habit of taking from the jar more often than he was putting in there. One time, we went to an antiques store. We had been fighting earlier, and went our separate ways once inside. I found a little toy train bank and purchased it separately to give him when we got home. He now puts his change in it faithfully; unfortunately, it never really gets filled up to take to the bank and he ends up cashing out at the CoinStar machine at work. If I have leftover change, I throw it in the bottom of my purse that I use to run errands. It's come in handy when I'm out getting copies at Staples or I'm at a parking meter. And I used it when I had to pay for class a couple of weeks ago, when I was short a $1.50. I'd love to save it, but it seems that we need it more often than not.
• Philippines
15 Sep 12
I collect my coins in what others might call as a piggy bank. HAHA! And sometimes when it gets full, I am also surprised that I get a lot of money from it. So to you people out there! Don't think it's just a mere coin!
@ifa225 (11098)
• Indonesia
15 Sep 12
i use to keep it and collect it in my purse. sometimes I donate it to beggar in the street and sometimes i use it to buy candies it is hard to find coins recently, cause i need it for change too
@nhieleiko (109)
• Philippines
15 Sep 12
I can collect it and just stock in inside my bag. By doing that, I forgot that I have coins left. Hehe. That way, it helps me save more money and in case of emergency, I have some extra.
15 Sep 12
Dear Kemak Nice to hear that you have collected so much coins.Personally, I put my loose change in an open box or jar. Whenever, I need to buy something which needs small change like buying a product which cost 4.20, I would take the 20 cents along when I need the difference in coin. I make sure that the coins would not accumulate too much. If I find that the pot is overloaded, then I would pay anything and everything in complete coins. That's my take so far. Thanks!
@salonga (27957)
• Philippines
15 Sep 12
I don't save coins. I don't want to hold those valuable coins in my possession for long because I know that would actually disrupt the normal flow of currency. Whenever we shop we can notice the lack of coins. The cashiers could not find enough coins to complete the change and this is all because many people are hoarding coins in their piggy banks.
@challs12 (549)
• Malaysia
15 Sep 12
I do keep them in my wallet for a while in case when I go to shop, they don't have small change, then I will use my coins from wallet. After it buildings, I will put in my biscuit tin like 1' tall. I think it's about a quarter of than tin now. I'm not thinking to safe it in the bank yet, I want to wait till the tin full then only I safe in in the bank after keeping aside a series of every year of that coins for my collection. Maybe they can be very valuable to my great grand children later. Even now I have some money collection dated in 1950's.
@airasheila (5458)
• Philippines
15 Sep 12
good day kemak28, with reference to your query, the change that i always received goes usually to my coin bank. and these coins serves as my additional savings. as i believed, save money by saving some of your change today. hence it is unnoticeable that those change you have saved was already big.
• United States
15 Sep 12
I take my coins to coinstar once a month. I see a lot of suggestions here on mylot i like though, I may start using change for Amazon gift cards..great idea
• United States
15 Sep 12
I have an old cat treat container where I put all my coins and when it gets full I put the coins in my savings account. We just moved earlier this month so we used a lot of our savings for things we need in the house. Right now we are struggling, but hopefully by the end of the month we can get eveyhing we need and be able to save up again.
@ardoy0731 (6865)
• Philippines
15 Sep 12
Sometimes I did the same to, earning it then change it to bill and save it. But mostly I am using it for fare reason when going to the nearby mall in the office during lunch break.