join | what's new | site map
Home Site Map Crafting Ideas Family Fun Parenting Home & Garden Holidays Funbook Forums
Your online source for free family fun, craft projects, parenting advice, and more...
Tell a Friend or Two
Cratfs & Fun
Kid's Crafts
Kid's Recipes
Holidays
Family Fun
Our Experts
Ages & Stages
Education
Home & Garden
Just For You
Parenting
Fun Stuff
Pets
Humor
Games
Message Boards
Photo Gallery
Blogs
 

Craft Supplies


  The Money Jar Trap
by Jeffrey Strain


Hundreds of thousands of people place their extra change into a jar or bank every night when they return home thinking that they are saving money. In reality, the dynamics of saving coins has changed over the last 10 years so that by placing your extra coins in a jar, you may actually be losing money.

This is the new money jar trap.

Related Articles & Projects: First time here? Don't forget to sign up for our free newsletter!

The money jar has been a classic way for people to save money for generations. The concept was easy. After coming home for the day, you simply empty out your pockets and put the coins into a jar. When the jar was full, you take it to your local bank, have the coins counted and place the money into your savings account. While this sounds simple enough, the savings generated in the coin jar may not be worth their face value depending on how you redeem the coins.

The problem with the money jar game is that banks and other enterprises have figured out that they can charge you for taking your change. If there is a way to make a buck, you can be sure that banks and others will try to take it.

Take the convenience of changing your coins at a grocery store. CoinStar and other businesses will take your change and give you a receipt that you can use for your grocery shopping, but they'll also take a huge fee to do so. In effect, you are trading the face value of your coins for something worth less than face value.

Click here for next page








More You Might Like:
I'm Out of Money
Bye, Bye Bills!
Saving Money on Your Utility Bills
Teaching Your Child the ABC's of Money
Laundry Loot Jar

About the Author:
Copyright (c) Jeffrey Strain. He is owner of Save Money Games - a website dedicated to decreasing debt through money saving games.



 
Coming Up

Mother's Day!

Mother's Day is right around the corner. Celebrate mom this year with plenty of crafts, recipes and plenty of other ideas. Here are a few examples to get you started...

More Holidays...




Free Newsletters
 
Contests & Giveaways
new on familycorner.comWin Fun Stuff!

Check out all the fun goodies we are giving away here at FC...

Check out all of our contests here! Giveaways change every couple of weeks, so be sure to check back often. Several giveaways going on at once!

Recently Added
New Stuff

new on familycorner.comMissed the last couple of newsletters? Haven't visited for a while? This section highlights articles and crafts that have recently been added to FC...

Coming Up


Flower Wand


Easy Bird Treats


Strawberry Pin


Litterbug Craft
 
FamilyCorner.com Magazine
OUR FRIENDS
Craft Supplies
Family Stickers
Children's Halloween Costumes
Letter Stencils
Family Costume Ideas
FamilyCorner The Blog
Amanda's Cooking Blog
Amanda's Craft Blog
MORE GOOD STUFF
Newsletters
Advertising
Services
Submissions
Media Opportunities
Link To Us
Shop
Feedback
Staff
POPULAR AREAS
Family FunBook
Forums
Kid's Crafts
Coloring Pages
Household Hints & Tips
Photo Gallery
Blogs
e-Cards
Reminder Service


Contact Us | Copyright Notice | Privacy Policy | Terms of Use/Disclaimer

Copyright © 1997-2012 FamilyCorner.com FamilyCorner.com® is a registered trademark of FamilyCorner.com, an Internet Brands Company