canstockphoto2014300You have all that Loose Change sitting at the bottom of your purse, in your pants pocket or even find them between the seats of your sofa. What do you do with all of these coins? Do you save it or toss it aside? Saving change may not seem like much. After all, it’s just a few extra pennies here and there. But if you were to collect all of the change and add it up, you might be surprised at how much money will be saved up . It could be enough to take your friend out to lunch or buy yourself something special.

It won’t feel like it cost anything since this money was just sitting and not included in your budget.

Many people often treat Loose Change like it’s not real money. After all, what difference can a few cents make? As a result, it usually end up in the hands of the kids, on the counter or you allow the cashier to keep it. Collecting your change can add up quickly and pay for some extras that aren’t included in your budget.

Think about how much change that you collect in a month, or over a year. Even a few pennies here and there can make a difference and will add up in several months. If you find a way to start saving all of your coins, you could always put some aside for something fun such as a family outing.

The downside to this is your loose change will take time to count, depending on how much you’ve accumulated and it takes up a lot of room. You can easily solve these problems by counting it on your day off from work and by creating a designated place to keep it. Get a big jar and place the change in it until there is enough money to spend on groceries or whatever purchases that you would like to make.

You are probably not the only person in your household who’s spending money and carrying loose change in your pockets. There is a good chance that your spouse and kids have it too. You can increase your savings even more by getting everyone together to participate by placing their coins in the change jar. Place the jar where everyone can find it and put their left over change in the jar each day. You can add it up altogether as a family and plan what to do with it when the jar is full.

Set aside time each week or month to roll the coins that you already have. That way it won’t become a tedious task once the jar is full. Rolling your coins will help you keep track of how much money that you’ve saved.

You will have enough to spend on fun things like going to an amusement park . On the other hand, you can save it for a trip, use it to purchase Christmas gifts or donate to your favorite charity. If your family have a big goal to save for, you should tape a photo of it on the front of the jar to remind everyone to stay on track.

What if you don’t want to spend it? You can choose to let it sit or add it to your savings. Some banks will charge you a small fee for adding pennies or will accept it in limited quantities. Contact them first to find out their policy on depositing change into your account.

Saving your Loose Change will allow you to save up enough money for family outings, vacations and make big and small purchases. The next time you see coins lying around the house, put it in the jar and watch those pennies turn into dollars in no time.

 

 

 

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