Check out these Easy Ways to Save Your Change That Add up Fast! You will find great reasons to save your loose change and how to cash in what you save.
I have been saving my change for a long time. I do this because I really have seen it add up to a lot more money that you would think in a relatively short amount of time. We have used our saved change for various things such as car repairs, new tires, or even a fun weekend getaway. If you are struggling to save money, saving change can be a great option for you. Here are some Easy Ways to Save Your Change That Add up Fast and ways to cash in your saved change.
Easy Ways to Save Your Change That Add up Fast!
Save it the old fashioned way; in a jar or piggy bank. There are a few reasons why this makes sense. It is easy to do, it can be placed in a central location for everyone to use, and it can hold a lot of change. I sometimes even go further and separate my pennies in one jar and my silver coins in another so that when I go to cash them in, I can just take my silver or my pennies.
Have an end goal in mind that doesn't have a specific monetary value. I like to have a goal in mind of how I would like to spend the money so that I feel like I am saving for something. This keeps me from dipping into it or being tempted to. I like to plan for general, vague things like car repairs or weekend trips.
Ask the whole family to get involved and give them an incentive. If you have teenagers, this is a perfect way to help them do something as a family and get them involved in some decisions. Before you start planning, have a discussion as a family over what you should do with the money and how long you want to save it. Get input from all family members. Let everyone know that whomever adds change to it will have a say in what is done with it in the end, no matter how little they contributed. The goal is to get everyone to contribute and participate so its' fun and easy. Make sure to pick a date to open it and cash it in.
Ways to Cash in Your Saved Change
Use Coinstar Machines. If you use a Coinstar machine, you have to pay over 105 to the machine to get cash, however, if you turn it into gift cards, you get to cash in for free. Turn them over into gift cards that make sense for your particular end goal. If the end goal is to buy clothing for everyone in the family, fore example, turn it into gift cards for places your family likes to buy clothing at.
Check with your bank. Many banks and credit unions offer a free coin counter in their lobby for members to use. These don't usually charge fees if you have an account there. This is a great way to get cash for free rather than use the Coinstar.
Have your kids roll them and count them. This is a great exercise for those of you that have younger kids who may be learning how to count coins or in increments. Do this periodically and then store them or cash them in.
Do it periodically and place it in a separate savings account. If you are like most people, you don't like the idea of hauling lots of change to the store to use the machine. Let's say your final cash-out day is one year away. Rather than wait an entire year, why not take your coins in quarterly and place them into a savings account?
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