Here are 25 great things to do with your spare change.
- Save All Year for Holiday Shopping.
- Save All Year (or Longer) for a Vacation Fund.
- Use as Your Coffee Fund or for Work Lunches on the Run.
- Donate It to Charity.
- Pay Down Debt.
- Use It When the Tooth Fairy Visits Your Home.
- Pay for Someone's Meal in a Restaurant.
In a year, you'll save a whopping $667.95 with just pennies. This can be a great activity to do as a family. At the end of the year, you could even celebrate your achievement by taking a quick family vacation with all the pennies you've saved.
Here's how it works: Every day for a year (365 days), Good puts pennies in a jar equivalent to the number of days she has spent on the challenge. The pennies add up. By the end of the year, the Kansas mom should have at least $667 in her jar.
You save one penny your first day, two pennies the second day, three on the third and so on for 365 days. That means you're saving the same amount you did the day before but adding another penny to it. By the time you are done, you are saving 365 pennies on the final day. The idea is to make saving gradual.
The actual value of the coins was $379.54.
The 30-day Rule is a Simple Method to Control Impulse Spending. Here's how it works: Whenever you feel the urge to splurge — whether it's for new shoes, a new videogame, or a new car — force yourself to stop. If you're already holding the item, put it back. Leave the store.
Should you want to take a really nice trip in 10 years for a special occasion, to accumulate the $15,000 cost, you have to save $3.93 per day. If you drop that into a piggy bank and then once a year put $1,434 in a savings account at a puny 1% interest rate after-tax, you will have your trip money.
The volume of a 5L bottle is 5 000 000 cubic mm. 5 000 000/5000 = 1000. You can only fit 1000 R5 coins in there, not 2900.
How to Collect Spare Change
- Put your change in a safe place.
- Look at the ground for spare change.
- Don't use cash unless you have to.
- Avoid machines that use change.
- Roll over your change on debit card transactions to a savings account.
- Keep change jars in a variety of places.
Standard Novelty Savings Tin
Holds approximately £260 of pound coins.That said, these institutions do offer free coin counting and cash exchanges with some qualifiers:
- U.S. Bank (no rolls, but customers only)
- Bank of America (requires coin rolls)
- Citibank (requires coin rolls, and may charge fees in some states)
- Chase (requires coin rolls)
- Credit Unions (requirements vary)
Why don't we expect them to be accurate?" There is often a fee attached to coin counting machines. All the Coinstar machines take 10.9 percent of what you put into it. Most credit unions count the coins as a free service to members, but if you're not, they'll charge you a fee of anywhere from 3 to 9 percent.
How to Avoid Coinstar Coin-Counting Fees
- Calculate Coinstar's Fee.
- Convert Your Coins Into Gift Cards for Free.
- Coinstar Gift cards Exchange Limits.
- Scope Out a Bank or Credit Union.
- Make a Donation.
- Roll the Coins Yourself.
- The Bottom Line.
Where to Find Loose Change
- between the couch cushions.
- inside the washing machine.
- inside your car, between the seats and in the glovebox.
- pant/coat pockets, especially the ones you never wear.
- drawers.
- purses or wallets (old and new)
- suitcases.
- toy box.
CoinStar is a Rip-Off. If you shop at a grocery store or places like Walmart, you've likely seen the name Coinstar. These big, green, coin-counting machines promise to turn your water-bottle-full-of-pennies into cold, hard cash–all without the hassle of paper rolls and endless counting.
If someone has pennies don't they have to be accepted? For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.”
Turn the Coins In
Take the coins into your bank or credit union's lobby. Give the rolled coins to the teller to count, along with your deposit slip. Most banks and credit unions will not accept coin deposits via the drive-thru, so you'll need to go inside to complete the transaction.Here's how to do it:
- Pick up some coin wrappers in the denominations that you need (quarters, dimes, nickels, pennies) Some banks will give them to you for free if you ask politely.
- Separate your coins according to the amount listed on the wrapper. $10 quarters.
- Change to cash or deposit the amount into your bank account.
Chase, Bank of America, Citibank, Capital One, PNC Bank, TD Bank, BB&T and other major national banks no longer provide coin-counting machines to customers or to non-customers.
