Saving coins and/or dollars?

[krayziebone33]

I do intentionally save coins. I was have been able to make hundreds of dollars in just coins. Its great.

[crazymom]

I have a jar just for saving coins. I have put dollar bills in there also, mostly money related to the challenges. However, it is far too tempting for me and my husband to dip into the jar when there's no cash in the wallet!

[FrugalPixie]

I save coins but use the silver ones for yard sales. Pennies get saved and deposited into my saving account.

[tgavin71]

Me too. I have never seen saving change as saving for me, because I tend not spend what's in my account, so having it out of my account doesn't benefit me. I use mostly debit and EFT to pay for bills and purchases. I use cash rarely, mostly for garage sales. I do roll and deposit these coins, but I much prefer keeping the monmey in the bank to start with, gaining interest.

If I wasn't naturally inclined to save, I might use saving change and dollars as a way to force me to save.

Same with me. I don't save coins. I can't see the sense in saving 10c in a jar when I could be putting that 10c on my mortgage which at the moment is 7.40%.

[Bluezy]

My CJ is in charge of all change that comes into his Piggy bank. We take it to a local bank that offers a free coin counter and exchange for cash. We then proceed to deposit the cash into his personal savings account. From his personal savings, $50 to $100 per month is transferred to his NY 529.

FYI: $800 was transferred into his 529 in 2006 from coins and savings. It adds up fast!

[corns]

Twice this has happened. I counted my coins before I brought over to the bank. I noted the amount of money on a piece of paper. When I hand over the coins to the bank, and they do use a coin counting machine, the amount counted is less than what I have counted. Neither can I request them to re-count because once they have counted a batch, they wrap the coins up and proceed to count my next batch of coins.

Now I use my coins when I buy grocery and pay for meals.

[kateochang]

So far we only save coins and hey, it is pretty good when we make the calculation after the box is full. Paper note seems to be a good idea. I bet we'll be getting more once we recalculate again!

[krayziebone33]

Twice this has happened. I counted my coins before I brought over to the bank. I noted the amount of money on a piece of paper. When I hand over the coins to the bank, and they do use a coin counting machine, the amount counted is less than what I have counted. Neither can I request them to re-count because once they have counted a batch, they wrap the coins up and proceed to count my next batch of coins.

Now I use my coins when I buy grocery and pay for meals.

I count, wrap, and then take my coins to the bank. They usually unwrap it in front of me and count it. They then check to see if what they counted matches what I wrote on the deposit slip. If it does not, they recount. Its not the most efficient way of doing it for the bank, I'm sure, but it is the most accurate.

[disneysaver]

Twice this has happened. I counted my coins before I brought over to the bank. I noted the amount of money on a piece of paper. When I hand over the coins to the bank, and they do use a coin counting machine, the amount counted is less than what I have counted. Neither can I request them to re-count because once they have counted a batch, they wrap the coins up and proceed to count my next batch of coins.

Now I use my coins when I buy grocery and pay for meals.

This happened to me once and I questioned them. It seems my Credit Union charges a certain percentage if my amount is over $200.00. So now I just make sure to take it in before it gets that high. I usually take it in when it's about $150 and then transfer it to my HSBC account.

[momof1in150]

My church has two fundraisers each year - The Heifer Project in May and UNICEF in October. Our coins go into those boxes. It works for us.

[Ini_g]

wells, the coins, sometimes have more value than a dolar. You know, the paper is a paper of debt. And a coin, well, has metal, no too much value too. But I think that is easier with the coins. But I have to try you idea.

[krayziebone33]

My church has two fundraisers each year - The Heifer Project in May and UNICEF in October. Our coins go into those boxes. It works for us.

Kudos. When I start making a little more than I do now, perhaps after I graduate, then I will definitely start doing things like you posted. Keep it up as long as it continues to work with your financial goals.

[kpfingaz]

I'm 25 and still have a piggy bank. I usually empty my wallet and take out every thing from a penny to a quart and dump them in there.

[krayziebone33]

I'm 25 and still have a piggy bank. I usually empty my wallet and take out every thing from a penny to a quart and dump them in there.

I use my Hess truck for all my spare change. I had always wanted one of those when I was a kid and got it for my birthday last year. It has become my piggy bank.

[Ima saver]

You know, I use to wait til I had a lot of change to take it in. Most of the time, their total was lower than my total, so i lost money.
Now, I take it when I only have about $30. Now their total agrees with mine. I say, take it in more often and it will be more accurant.