Comments on: Saving Your Spare Change – Why It’s a Good Idea http://notmadeofmoney.com/blog/2009/05/saving-your-spare-change-%e2%80%93-why-it%e2%80%99s-a-good-idea.html Save Money - A Personal Finance Blog By A Husband And Wife Sat, 20 Mar 2010 10:58:32 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ron http://notmadeofmoney.com/blog/2009/05/saving-your-spare-change-%e2%80%93-why-it%e2%80%99s-a-good-idea.html/comment-page-1#comment-231019 Ron Thu, 04 Jun 2009 21:28:20 +0000 http://notmadeofmoney.com/blog/?p=1787#comment-231019 Like Lulu,I have also been doing this for years. I quit smoking years ago and decided to save the amount I was spending daily on cigarettes in a big 5 gallon piggy bank I found on Ebay. Every time the price of cigarettes goes up, I increase my savings accordingly. I focus on saving quarters and any dollar coins I get, along with my pocket change at the end of the day. The clerks at the convenience store where I buy my gas knows I save dollar coins and will save any they get until I come in. I usually end up with about $2000 + every year, for emergency cash in case we get a hurricane, if not, Christmas gifts for the family. My friends laugh at me too, but it’s me who got the last laugh when I bought myself a brand new Nikon digital camera last year. And, yes, I pick up any coins I find on the ground and put in there too. Like Lulu,I have also been doing this for years.
I quit smoking years ago and decided to save the amount I was spending daily on cigarettes in a big 5 gallon piggy bank I found on Ebay. Every time the price of cigarettes goes up, I increase my savings accordingly.
I focus on saving quarters and any dollar coins I get, along with my pocket change at the end of the day. The clerks at the convenience store where I buy my gas knows I save dollar coins and will save any they get until I come in.
I usually end up with about $2000 + every year, for emergency cash in case we get a hurricane, if not, Christmas gifts for the family. My friends laugh at me too, but it’s me who got the last laugh when I bought myself a brand new Nikon digital camera last year.
And, yes, I pick up any coins I find on the ground and put in there too.

]]> By: fairydust http://notmadeofmoney.com/blog/2009/05/saving-your-spare-change-%e2%80%93-why-it%e2%80%99s-a-good-idea.html/comment-page-1#comment-230935 fairydust Thu, 28 May 2009 14:47:40 +0000 http://notmadeofmoney.com/blog/?p=1787#comment-230935 Last time I took a look at the coin machine in our local grocery store, the machine did take a percentage if you were trading in coinage for a straight money credit. However, if you were willing to take a Starbucks or Amazon gift certificate, there was no percentage taken out - all coinage counted went straight into the gc. So I picked an amazon gc since I buy stuff there all the time. My point is that I wouldn't necessarily rule out the store coin machines until checking the details on them first - sometimes it works out really well. Last time I took a look at the coin machine in our local grocery store, the machine did take a percentage if you were trading in coinage for a straight money credit. However, if you were willing to take a Starbucks or Amazon gift certificate, there was no percentage taken out – all coinage counted went straight into the gc. So I picked an amazon gc since I buy stuff there all the time.

My point is that I wouldn’t necessarily rule out the store coin machines until checking the details on them first – sometimes it works out really well.

]]> By: Anna http://notmadeofmoney.com/blog/2009/05/saving-your-spare-change-%e2%80%93-why-it%e2%80%99s-a-good-idea.html/comment-page-1#comment-230923 Anna Tue, 26 May 2009 16:24:20 +0000 http://notmadeofmoney.com/blog/?p=1787#comment-230923 Well, don't use the coin counting machine at the grocery store. They keep a percentage! My bank has a free coin counting machine. Well, don’t use the coin counting machine at the grocery store. They keep a percentage! My bank has a free coin counting machine.

]]> By: Mike Leone http://notmadeofmoney.com/blog/2009/05/saving-your-spare-change-%e2%80%93-why-it%e2%80%99s-a-good-idea.html/comment-page-1#comment-230921 Mike Leone Tue, 26 May 2009 14:30:47 +0000 http://notmadeofmoney.com/blog/?p=1787#comment-230921 In 2007, I paid for airfare to Scotland, using loose change I had been accumulating for something like 2-3 years. I had $775, if I recall correctly. Earlier this year, I counted again (so close to 1.5 years of saving change, since the vacation). This time I got $470. So I am a BIG believer in saving spare change. :-) In 2007, I paid for airfare to Scotland, using loose change I had been accumulating for something like 2-3 years. I had $775, if I recall correctly. Earlier this year, I counted again (so close to 1.5 years of saving change, since the vacation). This time I got $470.

So I am a BIG believer in saving spare change. :-)

]]>