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View Poll Results: Your coin jar - are you losing money?
The article was an eye opener! 6 16.67%
The article made me rethink my coin jar 9 25.00%
I already knew everything in the article 9 25.00%
I don't collect change 7 19.44%
I do something different - what? 5 13.89%
Voters: 36. You may not vote on this poll

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  #11 (permalink)  
Old 07-18-2008, 03:45 AM
barbszy's Avatar
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My bank also has a free coin counter. Many banks here do--it's a point of competition among them right now. It's a "do it yourself" machine and the kids like pouring the jar of coins in there and seeing how much it counts up!

I do have a jar of coins and when it gets too heavy I bring it to the bank for counting.

My mom told me the other day that she is saving all her $5 bills. She refuses to spend those. Instead, she deposits each one into her savings account.
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  #12 (permalink)  
Old 07-18-2008, 09:32 AM
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We use our change for lets say yard sales, maybe a new pair of shoes for our daughter or sometimes even dog food for the dogs. I live to have change around. I would like to save up for a lap top, but who knows. We will get one when God says its time.
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  #13 (permalink)  
Old 07-18-2008, 09:13 PM
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My hubby saves his change, but I spend mine. When he fills the change jar he brings it to a coinstar machine. Grrr! I'm always arguing with him about it. I found out there is a bank in the area that has one of those machines. They only charge non-customers to use the machine.
I have a small account at that bank now.
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  #14 (permalink)  
Old 07-19-2008, 08:43 AM
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I didn't realize that some banks charge customers for counting change. I haven't encountered that anywhere I've lived.

There is a Coinstar machine at several of the local grocery stores. At one of them, there's a sign that there is no charge, but they do issue a slip that's good for groceries at that store. I don't know about the one at the other store as I haven't investigated it.

I did like the idea in the article about saving $1 bills. I thought that was very clever.

Most days I don't spend any cash at all as I write checks at the grocery store and use a credit card for my gas, so saving the day's change or $1 bills doesn't really work for me.

It's not so much how busy you are, but why you are busy. The bee is praised. The mosquito is swatted.
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  #15 (permalink)  
Old 07-20-2008, 05:49 AM
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We use an old coffee can to collect change. Our bank doesn't charge to count it, at least not yet! We use the money for short weekend trips and last year I used the second 6 months for christmas shopping. We usually get around 400.00 a year from that can!

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  #16 (permalink)  
Old 07-20-2008, 06:25 AM
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Good for you and hubby on getting that much in a year from change. I also use debit/credit for the most part so don't get that much change but what I do get goes in the diff banks
I will take what I am served knowing someone out there is being served MUCH less
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  #17 (permalink)  
Old 07-20-2008, 04:29 PM
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I'm like Patti where I use my debit card for just about everything.

When my oldest son (16) was just 2 years old, I went to my bank where I had opened up a savings account for him. I handed them my coin jar and they informed me that there was a fee to count it.

I demanded to see a manager, they showed me the policy in writing and I wanted to know who i could contact about it. They ended up charging me a fee and i wrote a letter to the person they gave me to contact.

A few months later I received a nice letter from him stating that for account holders under the age of 18, the fee would be waived from now on. They reimbursed my son's fee and deposited it to his account. It made me feel good that I was able to make a difference.

I have been with the same bank now for about 12 years. The branch in town here does not charge to count coin. However, when I lived in Vegas, the same bank DID charge to count coin. So I guess it's up to the individual bank? Who knows.

I also knew someone who saved all his coin, $1's AND his $5's. Every time he bought something he used a $10 or $20. Then he refused to spend anything smaller than that. At the end of the day he would put all change, $5s and $1s in his jars. I don't know what he saved but it had to be a bundle!

We have a coin jar now (we use a coffee can too) and I also have one by the laundry machines for change I find in there (see Laundry Loot jar I made years ago). I will use it for the game room and for the laundry up at the campground when we go up there.
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  #18 (permalink)  
Old 07-20-2008, 04:39 PM
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Forgive me if I'm generalising, maybe in Vegas it was to do with the amt of coins for the casinos?
The only Vegas I'm up with is CSI and Las Vegas with Josh Duhamel I could be and probably am way off base LOL

Under 18 have account fees free they pay nothing in extras until then. They even start an account with a major bank here and do banking through school and a percentage of the money banked goes to the school from the bank. Only primary school though and when they finished we closed and put into their own accounts.
ds1 is about to find out all about banks and fees and all sorts of things you need to do once you turn 18.

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  #19 (permalink)  
Old 07-20-2008, 04:42 PM
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Children's bank accounts around here are also fee-free and come with a few perks like a $10 bonus when you open the account.

Good job, Amanda, for sticking up for your child and helping him keep everything he saved.
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  #20 (permalink)  
Old 07-20-2008, 04:57 PM
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Amanda, I bet it felt so good to make such a difference that the bank changed its policy for all minors.

I don't spend any of my quarters as I save them for laundry day each week. The more quarters I save, the less I will need to get, which cost time, which is also a valuable commodity for me.
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