How much spare change do you have just lying around?

United States
November 5, 2012 6:02pm CST
Lately, I have been participating in a lot of conversations that we are having here about wanting to save money on groceries and making money online. So many people have been saying that PTC is not worth their time because you just earn pennies. Well today, I was out shopping for groceries. I had a return so I had a credit with the grocery store. I used that to pay; then there was about $8 left. Since I was standing at the self checkout, I figured let me feed the machine my sapre change to see how much I can get the bill down to before using my debit card. Coin after coin, I feed into the machine. I really enjoyed watching the coins slowly deduct cents off of my bill. I figured that I might get the bill down a little, but I was surprised that I got the bill down to $4.44. I glanced at the receipt, which tallied up the change. I had used over $3.00 of change. So, I thought I would post this discussion here to inspire us all that are tightly crunching our budgets and tightening our belts to think about just how much spare change we have lying around that we could utilize to help us financially to pay for groceries and others other necessities of life.
2 people like this
11 responses
@thesids (22180)
• Bhubaneswar, India
6 Nov 12
hi aireanna though we dont have similar counters here at my place, but yes, i have heard and found the adage to be true - Drops of water make an ocean. Definitely we all have some change lying here and there at different places in the house and if we could collect and make use of them, they definitely can come handy. Though I have always been careless, my wife who is my opposite (in almost everything) has a better habit - she has got herself a pot made of clay (we purchased it from a local store here) where she keeps all the coins. The advantage is that this pot keeps accumulating for us and once it is full, we break it open to collect the coins. Normally, we have to go to the Petrol Pump(Similar to the Gas Pumps at US) where they would happily accept all denominations and give us the currency notes. Then we either go and deposit them into her bank account or we buy out something. And then there is the next purchase of such a pot. The demerit - I cannot steal anything out of it unless I break it open and there are times when I am desperately searching for some coins and change (I already mention that I am disorganized and many times do not find the exact change from where I keep them in the house)
1 person likes this
• United States
7 Nov 12
thesids, that was a very intersting post. Thank you for sharing; although, we all live in different countries with different types of currency it sounds like we all end up having spare change that we put away for some purpose. I wish I could be more like you wife who sounds like she is very disciplined and well organized. I can be at times if I really work hard at it. Little by little, I am taking baby steps to become more organized. I found it inteeresting that where you live that you have to take the coins to the gas station to get them to exchange them into higher demoniations. Here few places would accept change like that other than the bank. Even the bank requires that it be wrapped into coin wrappers for them to accept it. Machines have sprung up at the local grocery store where you can exchange the coins into dollars, but the take a fee or percentage. I am really not sure how much seeing as I never have used them.
@marguicha (230350)
• Chile
6 Nov 12
I have the small coins in a pot in the kitchen. They are for eggs (they sell them nearby and I like them better than the ones at the super). It´s been ages since I take a bill, however small, for that purpose, even though I love eggs and use a lot. The big coins go into my piggy banks. Those are changed into bills once in a while and go for my vacations. I know that pennies add up. I work online to travel
@marguicha (230350)
• Chile
6 Nov 12
I have this site that has a very low cashout. I cashout when I reach 10 cents (minimum is 2 cents). Well, I have cashed out several times in a short while. If I multiply those dimes by the time it took me to earn them, probably the site is better than the so called "good sites". That`s the power of pennies
• United States
6 Nov 12
Yes, I recall your posts from this morning on mariaperalta's discussion. I recalled how many of us where saying all those little pennies will other considered pennies a waste of their time. As I was standing at the self-checkout, emptying my purse out of loose coins that I was so happy to see how each coin helped little by little to reduce the bill. So here is to the power of change! Amazing how those cents can all add up to truly change our lives! After all isn't that why we all work online to make a little bit of extra money?
• United States
7 Nov 12
Marguicha, that sounds good! I was trying to sign up for a few using the links you sent me, but I'm having trouble getting the verification emails. I do not know what is going on with my cox email account. I never had issues like this in the past, but recently it keeps doing this. It is so annoying. I am going to have to retry it using my gmail account.
@dorannmwin (36392)
• United States
6 Nov 12
I know that I have quite a bit of change laying around the house. However, I also know that I don't have as much change now as I used to have. You see, when I was younger I was one of those people that would never use any of my change until I had saved up $100 of change. Then I would take it to the bank and cash it in for paper money and I would use that for a shopping spree. These days, I don't use cash all the time and when I am using cash I will typically use the coins that I have in my purse as well. However, yesterday we did make a purchase at the store with just the change that I had and the change that my husband had in our pockets. It was a $4.50 purchase.
@dorannmwin (36392)
• United States
6 Nov 12
Yes and in a certain sense it is very much the same with my paypal account. You see, I am trying to hold on to the money in there to purchase things that I wouldn't typically be buying. For example, I know that I'm going to be getting $50 worth of deposits later this month and I'll be using that to buy Christmas presents (presents that I would have been buying from our checking account in the years past).
• United States
6 Nov 12
doranmwin, that is awesome! I know these days we use cash on such an infrequent basis. It is easier to just use our debt cards, and once I pull money on my debit card it is like I am not as precise in keeping track of it. I mean this by the fact that it is easy to tuck it way somewhere and forget that I have cash . That is unless I have withdrawn cash for a specific purpose. I know it almost sounds silly but to me especially when budgeting strictly off of what you have in your bank account. Using spare change in your wallet is like another form of saving money because you are using the spare change that you had not accounted into your budgeting. So all those coins floating about in my purse our just simply extra cash. Isn't so nice when we can charge less to our bank accounts? Do you feel like when you are using change to pay for things that you are saving some of the funds in your bank account that you need for other bills?
• United States
6 Nov 12
Those are some good earnings. Well, I never count my online earnings till they are in my PayPal Account, with the exception of one site that has paid me now 5 times. They are the only site that so far I trust that once you push the cash out button that you will get the funds. The other sites I recently joined.
@Dominique25 (9460)
• United States
6 Nov 12
Yeah I agree with you. I absolutely love change. And when I'm able to get change I gladly stick it in my piggy bank to fill up and take in when I need it. Right now I'm trying to fill it up and will be using it to pay some of my doctor's bill. Change really does add up. In the future I'm hoping to buy a bigger one and only use it to put silver change, and bills in it for some type of trip for us.
• United States
6 Nov 12
Dominique, that sounds like a great plan. When we were younger my mother tried to put away the money that we saved on groceries for taking a trip. Which reminds me, I really should try to use coupons more when shopping to try to save a few more cents. Well, I did not do to badly grocery shopping my savings was more than the total bill. I also feel good when I see the receipt, and see that I saved close to the same amount of that I paid for the groceries. If I do that, I know that I paid between 45 - 60% the actual price. For me, this feels like good savings. Who can argue with paying $23 for groceries when you saved $25 on purchase. The funny part was that since I had returned an item and used change my net difference that came out of the bank account of the funds that I was using for budgeting was less than $5. I felt like it was a successful day of grocery shopping; even though, I realized when I got home that I forgot a couple items. Oh, well I can get those couple items when I go to Wal-Mart to get cat food.
1 person likes this
• United States
6 Nov 12
Yeah it is really good to save that amount of money. I have been using this site called flybaby for home organization and different tips. Right now I'm working on menu planning. I think that if I have our menu's planned out each week then it will definitely save us a lot and prevent us from ordering take out when I can't think of what to throw together. It will also help us keep to our budget which we really need to do since we just moved into a new place a month ago, and had to pay all the deposits. I'm hoping to stick to it even though it at times seems overwhelming to think of all the meals,side dishes, and desserts when we aren't sure of how much we need to be saving just yet.
• United States
6 Nov 12
Oh yeah I forgot to mention that I'm sure your mom and your family felt good when you cashed in the change for the trips. I know it will make me feel good to know that I used my change to take a trip. I'm hoping this coming fall and summer my family and I will be able to do more summer things if I save right. When I was younger my family and I didn't take family trips but I really want this for family. I want my daughter to grow up seeing and experiencing new places, people, etc.
@jureathome (5361)
• Philippines
6 Nov 12
I love it when I can grab some loose coins just when I need them. So, when Im cleaning the house and spot coins on the floor just anywhere, I would immediately pick them up and gather them somewhere. I would be surprised to find out later, than It would all sum up to a good amount that could buy me a meal. My husband has a bad habit of just leaving coins in his pockets, and would just throw his pants anywhere, so the coins would fall to floor, and he wouldn't pick them up.
@asyria51 (2861)
• United States
6 Nov 12
Whoever does the laundry, and that is mostly me, gets to keep whatever is found in pockets. My husband has a habit of leaving more than just coins, but small bills as well.
• United States
6 Nov 12
Yes, it is amazing how we tuck money away in our pockets or even our purse. Once it is out of sight, we tend to forget about it. I know a few times cleaning my purse I have be so happy to have found a few extra dollars. I rarely put change in my pockets but I will drop it in my purse. For me it is more a matter of cleaning out my purse rather than checking the pockets of items. I am not a person that will keep much in my pockets except for perhaps my car keys if I am running quick errands, and I do not want to have to dig them back out of my purse.
• Philippines
6 Nov 12
I dont do the laundry for our clothes, but I am the one who prepares the clothes for laundry pick up and I have to inspect his pockets before placing them in the bag. I would always find coins and bills in there.
@hereandthere (45628)
• Philippines
6 Nov 12
we have a lot of carolers that go around houses on the 2 weeks leading up to christmas. so this month i started putting away shiny coins (1, 5 and 10 pesos) so i don't run out of them next month because we need them also when riding public transportation. for the really small denominations (1 centavo and 5 centavo), i take them to the supermarket's customer service department to exchange them for bigger denominations. i'm now thinking of putting away the crisp bills also starting today (20, 50, 100, 500 pesos) to be given away as cash gifts for nephews, nieces, godchildren, etc this christmas.
• United States
6 Nov 12
I would agree that the first week of December is much to early for carolers. My dad had this saying about Christmas music,and even though we have had our differences over the years I still remember it. That Christmas music does not start until after Thanksgiving. I know one of the radio stations here will start playing Christmas music before Thanksgiving, and I also think back to this memory feeling that it is just to early for it. It is almost like we cannot give Thanksgiving its own due time with Christmas nearly knocking it down flat. Isn't it enough that black Friday is the day after Thanksgiving?
• United States
6 Nov 12
The carolers must make the neighborhood so festive around the holidays. Thank you for sharing.
• Philippines
6 Nov 12
not when they're too early (like 1st week of december) or coming in one after another!
@ravinskye (8237)
• United States
6 Nov 12
I save my change all the time. I moved about 6 months ago and when I moved I decided to count up all my change and deposit it into my bank account. When I added it all up I had over $100 in change saved up. I'm in the process of saving up my change again. I have a large lighthouse bank I bought and I'm using it to save up my change and hoping to trade it in for a family vacation for my kids and I this coming summer if I have enough saved.
• United States
6 Nov 12
That sounds like a really cool bank. You know I rarely see piggy banks in the store any more. Is this just something of the past?
@dodo19 (48167)
• Beaconsfield, Quebec
8 Nov 12
We do usually have some change lying around. Some times, we have more than others, but for the most part, we can usually find a bit of change lying around our apartment.
• United States
8 Nov 12
Yes, that is true there is generally some spare change lying around somewhere in the house. It is amazing how speedily we will pull out our debit cards with out even thinking to use that change.http://www.mylot.com/about/tasks.aspx
@asyria51 (2861)
• United States
6 Nov 12
I toss coins into a mug on my dresser. I then use those coins to bribe my child. she probably has over $20 in pennies and nickles in her bank right now. I keep the quarters and dimes and put it into my husband and mine "fun money" jar. We cash that in twice a year. We were able to take a weekend away over the summer just on the change we had thrown into that jar since last January. I figure that I am already paying for the internet because I need it for my job, and I like the entertainment value. If I manage to save up a few $100 a year with my online pennies, then it is worth it. I would not quit my day job, but it is nice to have that extra money.
• United States
6 Nov 12
asyria, I agree it is not enough to live off, but it is amazing how that change grows. If you manage to make that much a year from online that is really great!
@inertia4 (27978)
• United States
7 Nov 12
Like they say, every little bit counts. I save my change and then cash it in. I also am building up my online earnings to buy something special for myself. So, where ever we can save money it is always a plus.
• United States
8 Nov 12
inertia, I totally agree every little bit helps. At first a couple cents may not see like much but overtime all that change earneedoes add up both that spare change that we collect, and the earnings that grow into us reaching cash out on the websites that we work. In time, we see our PayPal balances add up too! I hope you enjoy your special treat that you purchase yourself with your online earnings.
1 person likes this
@inertia4 (27978)
• United States
9 Nov 12
I love watching my PayPal balance grow. It is a great feeling. And thank you, I will enjoy my special purchase. I am planning on buying an iPad for myself. I will be getting it soon. Nice!!!
@ravisivan (14082)
• India
6 Nov 12
YES. THIS is relevant for usa /canada situation wherein normally people use debit cards or credit cards. people rarely use cash dollars. Even then i have seen that people have a lot of cent coins, five cents coins etc. yes. in every house they must be having roughly 5$ worth change lying here and there. you are right in getting it changed to dollar. In India we use cash for buying things in shops. rarely we use debit cards and credit cards. we will be having more cash in the house always. of course changes in coins form may not much. your suggestion to change the coins into dollars for spending is good.
• United States
6 Nov 12
ravis, I agree that here in the United States we use plastic (debit and credit cards) more than cash. The thing that drives me crazy is that when I do use cash people actually scruitinize the use of actual cash more than the person swiping a dibit or credit card. I was just think of this in the fact that our paypal accounts these days collect all these small amounts of funds that grow over time. Even if the cash out from a site is .10 that helps to go towards us having funds for purchases or saving up to purchase an item. Yet, there are people that I read their posts all the time saying that earning cents is not enough. It all adds up just the way spare change collects. Then, it is worth something of value to us as it transforms into the all mighty dollar.