Do You Save Your Coins?

Picture by Pixabay
United States
September 17, 2016 11:30pm CST
I have several “PIGGY” banks, in which I save all my change. I put quarters in my Cookie Jar though. Then, I have three piggy banks. One for pennies, one for nickels and one for dimes. I also save $2 bills in a teapot. When I get so many coins, then I roll them and take them to the bank and put them in my Emergency Fund. You would be surprised how quickly the coins can add up. A wise person should always save something from every paycheck. I remember when the banks used to offer a “Christmas Fund” account, where so much money was automatically taken out of your checking account and transferred to your “Christmas” account every week. If a person saved just $5 a week, it would be $260 at the end of the year. When it is done automatically, you don’t miss it as much, they say. But, really a person should save, at least, $5 a week, every week, just to have something to count on in case of an emergency. But, most people live from paycheck to paycheck with nothing going into a savings account. It’s a dangerous way to live. What do you think?
7 people like this
5 responses
@JudyEv (326873)
• Rockingham, Australia
18 Sep 16
I've always been into saving bits and pieces as they showed up. As you say, it is amazing how they add up.
1 person likes this
@responsiveme (22926)
• India
18 Sep 16
You are right about the savings part. Coins I keep in a little bag for using in public transport:)
1 person likes this
@scheng1 (24650)
• Singapore
18 Sep 16
Saving is not a problem in some countries, such as China. The household saving rate exceeds 50%. Even in my country, Singapore, the household saving rate is more than 40%. The problem in China is that getting people to spend money is worse than getting them to go to the dentist for their teeth pulled. I do not know why the western countries have problem with saving money. We have credit cards too, and nearly every household has a mortgage for 25 years and more. Yet on a whole, saving money is not a problem.
@jstory07 (135198)
• Roseburg, Oregon
18 Sep 16
I have some glass jars that I put all of my coins into. We will not cash them unless we have an emergency.
@Ronrybs (17957)
• London, England
19 Sep 16
I have a huge whiskey jar I drop coins into, but with chip and pin cards I seldom use real money and don't get as many coins as I use to