I keep having to break into mine. Too much month at the end of the money.

We also have a coin jar, wel not a jar but a tin can with the photo of a 500 euro bill on
it, bougt it at a flea market for € 0.10.
Im putting al the tips that i get in it, already have € 12.- in it

Last edited by Hall Gump (2007-07-09 01:36:15)

We always have change lying around the house.  A couple of years ago I began collecting it and throwing it in a jar.  Last year I went to Walmart and bought one of those cheap coin sorting machines and a bag of rolls you put quarters, dimes, nickles and pennies in.  After running the loose change through the machine I had about $200.  It was more than I thought it would be.  I took it to the bank and bought a savings bond with it.

My wife works at a latch key program, where they watch the kids after school till the parents get home from their job.  So during the year we put our change in the jar so when she is off for the summer vacation it helps supplement the loss of her salary during the summer months

I usually have a coin jar and stick all excess change that I find in pockets, on the floor, all over the house. Lots of pennies and some silver, too. When the family is getting ready to go on vacation, the kids and I take the jar to a Coinstar and cash in. Then they get to split the money and use it for spending money on vacation. It is surprising to see how fast that change can add up. Start your own coin jar and start picking up all of those pennies people throw away!

My Dad had stopped smoking and as an added incentive he would still take the money he would have spent on cigarettes and placed it in a jar.  With the price of cigarettes you can see the potential of how much you can put away.

Last edited by Nick4033 (2007-07-17 22:34:55)

Last summer I went to Vegas for a bachelor partry.  The day before we left I took all my cange that I had saved (it was over 8-12 months, probably) and rolled and cashed it in at the bank.  I had over $250, and used it for all my gambling money.  It was great!

I have to make a note about those Coinstar Machines:  I'm not so much of a fan.  Yes, they're convenient, but if you get them for a cash voucher (I guess some will spit out vouchers for Amazon.com, etc) you have to pay eight cents on the dollar for them!  That means that if I took my gambling money to a coinstar, I would have paid a machine $20 to sort my change!

I wonder if I could cash in on that somehow?  ...If anyone wants thier coins wrapped and traded in overnighjt, I'll do it for five cents on the dollar. 

I don't like the idea of Coinstar machines either (they take too much in fees).

We have a large coin jar, and I'm keeping the coins with the idea that someday I'll have the time to sort through the coins and pull out full "collections" of quarters for each of the kids, all the dates for pennies, etc.  (We're trying to assemble a set of all the "new" quarters for each of the kids.)

We use a glass water bottle we got at a flea market, and it's heavy enough that you don't want to pour it over for "little raids on your money", and since it's so big, it certainly won't fill up for a long time.  However, being a water bottle, its neck is too small for the fifty-cent-pieces.

You could argue that it's a waste of capital tying up money like that (in a jar for a long time), but metal prices are rising so fast that a lot of those coins are actually worth more in metal than they are at face value, so that seems like a little hedge against inflation.  ;-))

Of course, it's illegal to melt down or deface government money.  But, I could still turn them into jewelry or sell it on the coin market in a couple decades.  (My dad did this, and his jar had over $1500 after about 20 years).

I have a coin jar in my room and on the kitchen table. In my room is this vase i painted on and i throw in my change from places i went to after every day. I also carry a change purse with me, so i just take the change from the jar. My dad and mom drop their change in the kitchen jar. I go to my bank to cash the jars, mainly because they dont charge like coinstar. My bank only charges if the change is worth over $100 even then i believe its only 8-12 bucks or so. I havent found out, i usually go cash in about every 2-3 months so its equals to about $60-80 and i never have to pay. ending on how the saying goes, every penny counts.

Since we recently moved to a cash system, I've been throwing all my change (from groceries, eating out, etc...) into a jar.  It keeps the envelopes simpler and also beefs up the jar at the same time!  I'm hoping I'll end up with enough at the end of each month to continue paying for some encyclopedias we just bought for our family.  Our kids also have jars that we fill with $2 of nickels at the beginning of the week.  When we need to (for disciplinary reasons), we take out a nickel.  At the end of the week, they get to decide how much of what's left goes into savings and how much they want to spend.  It's a little incentive for them and will hopefully teach them some self-discipline in both behavior and spending habits!