What do you do with the loose change (coins)?

@Iriene88 (5343)
Malaysia
July 24, 2009 1:45am CST
I normally keep the coins from the loose change (the coins that I get from the balance after payment) in my handbag. It do come in handy especially paying for certain carparks with coin machine on hourly basis charge! But as sometimes it been accumulating and my handbag become heavy. Once a week I will clear my handbag and put the loose coins in my son piggy bank (it is not a pig but a aluminium postbox can, lol) Therefore sometimes I preferred to use credit cards for payment, no loose coins :) So what do you do with your coins!
12 people like this
51 responses
• United States
24 Jul 09
I keep my coins in jars. One jar is just for pennies, and one jar is for silver change - mostly nickels and dimes because I use quarters for laundry. When the jars get full, I take them to the coin counting machine at my bank (which does it for free) and then treat myself to something nice.
2 people like this
@Iriene88 (5343)
• Malaysia
24 Jul 09
Dear kalpal, you are very systematic...good job! I like the way you keep it, spend it, save it and reward yourself for your good effort, that's truly wonderful, tks for sharing and happy myLotting!
@rebelmel (1386)
• United States
24 Jul 09
At the time, you never think your change is going to add up. Then poof! you've got 25 bucks!
1 person likes this
@Iriene88 (5343)
• Malaysia
25 Jul 09
Dear rebelmel, Yes, we just did not realise how fast the loose coins has been accumulating day by day.... It is definitely a sweet surprise that gives us the sweetest smile on our face! Yes, thinking about it is making me smile already!
@nehaagra (848)
• Singapore
24 Jul 09
I do collect them in a bag in my house, and weekly once or twice when i go to wet market(fresh vegetable shopping), for shopping i take only those coins for it, as there only they do not take any cards, and take cash only. My kids are still small for piggy bank i believe, but its a good idea ,i must say for me in future...
2 people like this
@Iriene88 (5343)
• Malaysia
24 Jul 09
Dear nehaagra, It is good that you use it to spend during marketing! They actually love to accept coins, coz they always run out of coins in their daily business transactions. My local noodle stall preferred me to pay him in coins, according to him every morning he has to go to the bank to exchange for coins. He needs the coins to pay for the balance change to customers with big notes. Tks for sharing and happy myLotting!
@iskayz (5420)
• Philippines
25 Jul 09
Hi there! I keep my loose change on a plate together with my keys. Every time I get home I check my wallet and pocket and put my loose change on the plate. I don't like my wallet having all the coins or a separate coin purse inside my bag cause it gets heavy sometimes. The plate is placed near the door and when I need to buy something from the convenient store, I use the coins. I also get some coins for my fare whenever I need to go out. That's a very good idea to save coins for your son. I think not all parents do that. My sister has a son but she don't save coins for her kid. I'm not a mother yet but am a pet owner and maybe I could use my coins in saving for my pet's needs. Ciao!
@Iriene88 (5343)
• Malaysia
25 Jul 09
Dear iskayz, You are very organized and systematic. You place the plate of coins at a very convenience place that you can see it right away when you are back home or ready to go out. Perfect idea, practical too! Keep it up and get the Coins Roll-in...
1 person likes this
@Iriene88 (5343)
• Malaysia
25 Jul 09
Dear iskayz, Your pet is so lucky to have you as its friend and master. It is always in your thought! So who is your pet... cat, dog, or hamster...what is it name? Have fun together!
1 person likes this
@iskayz (5420)
• Philippines
26 Jul 09
Dogs - Meet Carey and Gello!
Hi Irene! Yeah, I like to be organized with my coins. I don't like seeing my coins on every corner of the house and inside pockets of my pants and shorts. I don't like them too messing my bag. I don't like to be searching for coins whenever I need them and forget where they are. I have uploaded a picture of my pets. They're my children, my babies and best friends all rolled into one hehe! The name is Carey and Gello. I really do care about them and always try to give them what they need to stay healthy.
1 person likes this
@cbeee3 (2061)
• India
25 Jul 09
I carry some loose change with me, but as you correctly pointed out the handbag can get really heavy coz of the coins. So I normally just have some loose change and the remaining goes into a transparent jar. Everyone at home does the same and if we ever need coins, that is where we pick it up from.
1 person likes this
@cbeee3 (2061)
• India
26 Jul 09
You are really funny! I do know a little of that language.You are most welcome.How did you learn? Friends? Oh and yes the transparent jar is so we know what we are reaching out for when we put our hand into it. I was planning to save it, for retirement.How did you guess!
1 person likes this
@cbeee3 (2061)
• India
29 Jul 09
Wow that is so cool that you pick it up just like that.LOL. I will definitely keep in touch and you do the same. Happy myLotting hon!
@Iriene88 (5343)
• Malaysia
26 Jul 09
Dear cbeee3, Thanks for spending your time here to contribute your views. Appreciated it very much.."rumba-rumba nandry" (Thank you very much, am I right? I think it is in Tamil, not sure are you speaking in this language/dialects). You too have a transparent jar, great! It is nice to see the coins accumulating there! Perhaps you can have some big plans on your 'loose coins in the jar'! Some of the myLotters keep it and spend on some nice treats, summer vacation, retirement fund, plans on buying something bigger! Or perhaps just transfer it into your bank account and see the coins grow with interest...lol Tks and all the best, happy myLotting!
1 person likes this
@cwong77 (2010)
• Malaysia
24 Jul 09
Iriene88, normally I will just keep in a coin pouch, and I always used it for payment.. lately, I love to collect the coins, so, it will help me save for my little baby's piggy bank too.. or else I sure didn't have much effort for a simple savings.. and I love to use the loose coins for toll! coz since they charged so expensive, let them count cent by cents la.. I got time to wait at the counter! muahaha.. Happy MyLotting :)
2 people like this
@Iriene88 (5343)
• Malaysia
24 Jul 09
Dearest cwong77, Hahaha, you really torture the toll attendant with the coins? lol. It is a good start for your baby's saving. Remember to bank in the 'ang paus' too! When your baby grow up, this will be a good fund for education. Tks for sharing!
• New Zealand
28 Jul 09
I keep all my spare coins in a jar/vase and once it is full I empty it and bank it buy putting $100 worth of gold coins into each bag and depositing it into my account. A few dollars here and there might not seem like much but it does add up as another poster noted. At the moment im planning on putting it towards an overseas holiday. I also like to keep $10 worth of coins or so in my handbag to pay for small things like bus fare, train fare or an occasional snack or bottle of water. It is also handy for carparks too as you suggested.
1 person likes this
@Iriene88 (5343)
• Malaysia
28 Jul 09
Dear tabatha1989, 19 more responses to go and you will be getting your star soon. Keep it up, you can do it. You really wise to bank in the gold coins..you are right as the saying goes : [b][b]A Little Drops of Water, A Little Grains of Sand, Make A Mighty Ocean and A Pleasant Land![/b] Thanks for sharing and go for the star....happy myLotting!
@Iriene88 (5343)
• Malaysia
28 Jul 09
Dear tabitha, yes, girl..go for it. Tonight will be a bright night because your is shining brightly. All the best and happy myLotting!
• New Zealand
28 Jul 09
Thanks for the encouragement it means alot, im aiming for my star tonight. :-)
1 person likes this
@jdyrj777 (6530)
• United States
25 Jul 09
I drop them into the bottom of my purse. After awhile i clean the purse out then roll the coin and take them to the bank. I always joke around about it being my retirement savings.
@jdyrj777 (6530)
• United States
25 Jul 09
I take my coins to the bank every month or every other month. Before i started taking them to the bank i was putting them ina huge tin. It became so heavy that i couldnt even lift it. I had to pull it around. I didnt take all that change to the bank at one time. I actually hade to take it in parts till i had it all over there. It was crazy. Thats why i take it often now. Its alot easier to carry.
1 person likes this
@Iriene88 (5343)
• Malaysia
26 Jul 09
Dear jdyrj777, Wow, that's heavy... do take care, do not carry too heavy thing, it will puts burden on our back bones.. must extra careful! So, you have done the right thing, carry them in parts! Perhaps you should bank it in every 2 weeks, instead of once every month! So, the rate you are going, I believe you will definitely have a BIG SMILE by the time of your retirement with the extra gratuities, employees contribution / provident funds... Do not forget about me...let me know the good news..lol Btw, you can join me for another interesting topic that I had started yesterday, just check on my profile : "Are you an Impulsive buyer influence by SALE & Offers?" It will be great if you can share your views/opinions, may be some good ideas like this will pop-up..
@Iriene88 (5343)
• Malaysia
25 Jul 09
Dear jdyrj777, It is a wonderful idea, it definitely can add up quite alot by then. Why don't you open a saving account that have a good interest rate. Accumulate the loose coins and bank-in once a year. When it reach a substantial amount, transferred it into Fixed Deposit. Higher interest, just record it in a diary /note book. Just do the same every year.... I believe by the time you retire... your jokes will make you proud & happy! Actually there is one myLotter in this discussion have a plan to save the loose coins, he had save quite an substantial amount already...you know what he plans to buy....????? A Truck !! I like his idea too! Take the first small step, then the leap! SO..let's start the ball rolling & the Coins will Roll-IN.
@yugasini (12836)
• Anantapur, India
24 Jul 09
hi iriene, i use to collect coins in a box,if the piggy bank full or if i need money ,i will remove them from box/piggy bank and exchange the same for currency...have a nice day
1 person likes this
@Iriene88 (5343)
• Malaysia
24 Jul 09
Dear yugasini, Many of us here will keep our coins in a jar, a jug, a box, a piggy bank, etc. The wonderful things is that without we realising, the coins that we put in day-by-day has accumulated to an amount that's substantial enough when we run out of cash...it is sort of 911 (Emergency rescue). Therefore, yugasini...do not give up on myLot, see it like the coins you've been putting in the box without realising in no time it has been accumulating and are ready for cash-out! Btw, could u advise me on the payout, does it means that we need to reach the minimum of USD10 by end of month if Not, the amount earned will be fofeited??? Tks
@yugasini (12836)
• Anantapur, India
25 Jul 09
hi iriene, thanks for the comment...have a nice day
@Ritchelle (3790)
• Philippines
25 Jul 09
my coins go in a little purse with red circles (for luck) as i always put a coin in two of my son's wallet and current piggy bank. i always had preferred using coins since they prevent me from spending the paper money which means i'm limited in my spending. before i know it i could buy a shirt at the end of the week .
@Ritchelle (3790)
• Philippines
26 Jul 09
i just saw that purse at the mall. i love reading feng shui and even without interest in this red had always been associated with luck. circles is for luck also which is more of the money sign in feng shui than a rectangle for paper money since the coins produce noise which they say wards off bad luck. i actually have 3 purses before where i tend to put equal coins: the red for anything clothing or accessory i want to buy, the green purse (which is lucky also when it comes to money) is for any treat (food) i want to splurge on and the brown one is for family budget filling in since brown had been associated to family.
1 person likes this
@Iriene88 (5343)
• Malaysia
29 Jul 09
Dear Ritchelle, Thanks for enlightening me with the information on 'feng shui'! You are really an organised person. That's excellence! Keep it up All the best, hope to hear from you again in my other topics. Take care & happy myLotting!
1 person likes this
@Iriene88 (5343)
• Malaysia
25 Jul 09
Dear Ritchelle, That is interesting... a little purse with red circle. Can you enlighten me on how the red circle link with 'luck'! Where to get this special purse? Thanks for sharing. I noticed that when I use / break a big note, the money tend to spend faster. So I prefer to use small notes and coins...to preserve the big note...lol Actually it is so TRUE, with the global financial & economic situation we should tighten our belt and start do some savings! All the best and happy myLotting!
1 person likes this
@PeacefulWmn9 (10420)
• United States
31 Jul 09
Hello Iriene. Every bit of loose change I get goes into three jars...one for pennies, one for quarters, and one for nickels and dimes. I use the quarters for laundry, and take the money to the bank when the other jars are full. Half goes into savings, and the other half is to do or buy something special that I wouldn't otherwise. This way, I know I am never totally broke! LOL The last time there were $9 worth of pennies and $99 dollars worth of nickels and dimes. The most I ever accumulated before turning it in was $300. Not bad for loose change :D Karen
1 person likes this
• United States
2 Aug 09
What a nice thing to do for your son. My granddaughter has her own coin bank here and keeps in it the coins I give her for doing helpful things when she stays with me. She usually has something in mind she saves toward. It's a good way to help kids to learn about earning, spending, and saving :)
1 person likes this
@Iriene88 (5343)
• Malaysia
1 Aug 09
Dear PeacefulWmn9, Thanks for sharing your views here, really appreciate it! Wow, $300 is a big amount for loose coins...good job, keep it up! You are very systematic and organised, proper grouping of your loose coins will come in handy when you need them! Most of my loose coins I gave to my son...sometimes when he needs some coins for school purposes, he will just take it from the coin box! Happy myLotting and do keep in touch!
@nrn2003 (661)
• United States
24 Jul 09
I keep all my coins if I do not spend them. I have two 5 gallon culligan water containers that I keep all my coins in. One for pennies, and the other for nickels, dimes, and quarters. I think someday I will have enough for me to put it towards a vacation or a new truck which is my newest savings plan :)P
1 person likes this
@nrn2003 (661)
• United States
24 Jul 09
Thank you very much for your encouragement. I hope that you can reach your goal of a new car as well :) it is always exciting when you actually are working towards something and can be saving your money that you are making so that it can go toward a certain cause, instead of out the window on a new shirt or a bunch of junk that you dont need. Best if luck and I hope you can accomplish your car and me my truck. Have a wonderful weekend.
1 person likes this
@Iriene88 (5343)
• Malaysia
24 Jul 09
Hi nrn2003, I am so excited with the above plans... Btw, you can join another discussion earlier by me on whether you prefer credit card or cash. I would like to hear your practical and inspirational views too! Thanks!
@Iriene88 (5343)
• Malaysia
24 Jul 09
Dear nrn2003, I like your ideas, I like your latest plan! Making the coins that have been accumulated through times into a new truck is Awesome! It is definitely inspirational, keep it up and keep me update when you get your new truck. I tell you what.... I am gonna keep all my coins with immediate effect, all myLot earnings towards buying a new car... So let us encourage & support each other here, keep myLotting and let the Coins Roll-In and ... Roll-out like Transformers into your new Truck and my new Car.... YES. Let's DO IT!
@doryvien (2284)
• United States
26 Jul 09
Hi Iriene, My son has a habit of checking my coin purse when I get home from work, our deal is whatever coin he can find there is his. He then puts all the money in his coin bank. Normally everytime he starts on a new coin bank he already has a plan on what to do with it when it gets full, usually it's to buy a toy. He's actually bought some toys out of the coins he got from my bag.
1 person likes this
@doryvien (2284)
• United States
26 Jul 09
Hi Iriene, You're right, that's my son's face on my avatar... No worries, he is guided by some rules at home and that includes our deal on the loose coins. He knows that he is only allowed to check a certain coin purse in my bag, he can't touch my wallet and other things found there, and he doesn't do it to this dad and others in the house too. He knows his limits and I deliberately put the coins in that particular coin purse so he will find something for his coin bank. And he always tells me how much he got each time he peeks at the purse. When he grows older I'll give him an allowance when he's able to handle money by himself, right now he's only 6 yrs old and he is happy with the loose coins for his coinbank. Nice post, thanks.
1 person likes this
@Iriene88 (5343)
• Malaysia
26 Jul 09
Dear doryvien, That's great! You are a wonderful mummy... It is good to train your son to handle money...at the canteen, school bookshop :D Thanks for sharing and all the best!
@Iriene88 (5343)
• Malaysia
26 Jul 09
Dear Doryvien, Your son is so adorable..is it the one at the picture now? (appear at the user)... it is good that he learned to save for his purchase of toys! In the future he will learned how to save to buy bigger assets like cars and houses. But beware , he might look for you for the deposit...lol just joking...( because he remembered your coin purse). Sorry, I am just joking...he looks very smart and handsome too! He will be very successful in the future... keep it up!
• United States
25 Jul 09
i have over 200 dollars in change all my loose change goes striahgt into a penny bank and i dont touch it till it is full then i go put it into my savings, alot of people throw change but not me it adds up even pennies :)
1 person likes this
@Iriene88 (5343)
• Malaysia
25 Jul 09
Dear smartone2009, You are indeed very smart , just as your user name says it all! You are so disciplined, perseverence and patience to be able to accumulate such a subtantial amount of coins. 200 dollars, great job! "Drops of Water Make An Ocean", keep it up & keep in touch!
• United States
25 Jul 09
loose,change,save - loose,change,saveit
I also have a jar full of change for my 2 year old son that i forgot to mention, and that will be entered into his cds.
1 person likes this
@mel13088 (265)
• United States
31 Jul 09
I put all of my loose change in a coin bank. My bank is a glass box type thing, not a pig so I'm calling it a coin bank. I don't like carrying change in my wallet because it makes it heavier. I find it more convenient to pay with cash when I have it and when I don't, I use my debit card or my credit card. When my coin bank gets full, I'm planning on rolling the change and taking it to the bank and putting it towards my bills. I enjoy counting my change myself because I can see exactly how much I have.
1 person likes this
@Iriene88 (5343)
• Malaysia
31 Jul 09
Dear mel13088, Wow, you are a wise student and good at money management! Keep it up and do not overspend... buy only things that you need! You are lucky, you got the right place to stay..so save the quarters and just see how much you can save because of this special place...lol Do share your views on my current topic : 'Your childhood games!' Thanks and have a nice weekend..all the best, cheers!
@Iriene88 (5343)
• Malaysia
31 Jul 09
Dear mel13088, Congratulations on achieving your star rating ... Go for 200 responses, you will be able to use emoticons (smileys)! Good , that you have a glass bank of your own to keep all of your coins. It is great to see how much you have accumulated in the coin bank, counting them and roll them up...such a nice feeling too especially when you are surprise by the amount that it has add up to! It do helps a lot with the bills..good job! All the best and hope to hear from you again at yet another interesting topic here at myLot. Do keep in touch! Cheers!
@mel13088 (265)
• United States
31 Jul 09
Thanks! I'm in college and luckily I live on the only place on my campus where I don't have to pay for laundry. That helps me with saving quarters. :-)
1 person likes this
@Thoroughrob (11742)
• United States
29 Jul 09
I have a change machine that I put them in and then I roll them up and put them away for hard times.
1 person likes this
@Iriene88 (5343)
• Malaysia
29 Jul 09
Dear thoroughrob, that's interesting...do you mean that you have your own change machine at home? I think I would like to have one too, my son will definitely enjoy rolling the coins up! That's good that you save them up for rainy days! Thanks for sharing, really hope that you can share your experience in another topic that I started...all the best and do keep in touch!
@fec139 (810)
• United States
30 Jul 09
I have a big jar on top of my microwave and when I go shopping, I empty the coins into the jar. When the jar is full, I take it to either Capital One bank or TD bank, which have large coin counting machines. The machine gives a receipt with the total amount of the coins, which is usually about $50 more or less. I take the receipt to the teller who gives me the money.it's like "found money....it's a wonderful feeling!!
1 person likes this
@Iriene88 (5343)
• Malaysia
31 Jul 09
Dear fec139, Yes, it's a 'wonderful feeling' We did not realised that those loose coins that we accumulate can be so much money and the joy they brought us, really a surprise! Btw, I just wonder is it all right for us to put something heavy on top of the microwave? Will it affect any ventilation of the microwave? My husband also left a big porcelain plate with his other leaflets, etc on top of the microwave too! I just wonder is it okay...it was there for more than 8 years! Thanks for sharing, really appreciate it, hope to hear from you again in future on another interesting topics
• Philippines
19 Dec 11
Hello Iriene88! I keep coins form loose change in different coin banks. I have various coin containers for those coins. I accumulate a lot in a week's time. Sometimes, I use them for payment of certain purchases. Sometimes, I just keep them until I have enough to deposit to my account. I do not keep much coins in my purse as it is really heavy.
1 person likes this
@Iriene88 (5343)
• Malaysia
19 Dec 11
It is good that you keep your loose change in the coin banks. Just like the Proverb " Little by little it will accumulate to become a mountain". At times this loose coins are very useful too. Keep it up :)
@vicky30 (4766)
• India
8 Aug 09
I will keep the loose change coins in the purse.Once i was traveling in the long distance train.Then the people in the pantry car gave me a lot of change.It made my purse very heavy.When i came home i removed all the change and kept it in the box.When i am in need of change then i will open the box and spend the change i have.
@Iriene88 (5343)
• Malaysia
9 Aug 09
Dear Vicky, The loose coins did come in handy especially for meter car park, public bus, trains and public phone. Just now when at the mall, my handphone battery flat, so I used my loose coins 10 sen, 20 sen to call my hubby but the public phone is defective...I can hear my husband, but he can't hear me. I have to go to Burger King to change for more coins to use another publuc phone unit...sigh... It is a good habit to keep the loose coins in a box or jar. Tks for sharing and hope to hear from you more often!
1 person likes this
@walijo2008 (4644)
• United States
27 Jul 09
I have coffee cups sitting here and there with loose change in them, when they get full, I'll put them in this big piggy bank thing that we have, and count them up later. Hey, I was able to buy me a new guitar with the last loose change we saved up. I keep a cup in the laundry room and its starting to get full its from emptying everybody's pockets when I wash..haha.
1 person likes this
@Iriene88 (5343)
• Malaysia
27 Jul 09
Dear walijo2008, I am looking for my coffee cups after reading your response! Mine is empty...lol. That's great, you manage to save so much in the piggy bank! So, everytime you play the guitar, you will play it beautifully because you will definitely smile..this guitar is the reward for you being so patiently keeping those loose coins. Keep it up! I like the idea of putting a cup at the laundry room...that's amazing idea. I am going to do it too! Thanks, it's fantastic! Hope to hear from you again in yet another interesting topic!
@jgbe4245 (56)
• United States
27 Jul 09
I keep all of my change in a big container and in December before Christmas I take it all to the bank and use it to purchase for my son.... It is the one present that I can never put my name on.... I don't know what age reads this so I don't want to give away anything... It helps out a lot on that one present!
1 person likes this
@Iriene88 (5343)
• Malaysia
27 Jul 09
Dear jgbe4245, That's so wonderful to see the loose coins accumulating day-by-day into a Wonderful Christmas prezent for your son, seeing the joy in his face.. it is so rewarding, right? You will feel, it is all worth it! Thank you so much for sharing your experience here. Appreciate it very much. Hope that you can share your views on the following topic too : (1)Perfect Eyesight, Spectacle, Contact lenses (2)What's your Interpretation on Happiness (3) Are you an Impulsive Buyer You can find it under my profile "I've started", Thanks!