Saturday, August 2, 2008

Saturday Handy Tip : Get a Piggy Bank

When I was a teenager I would always save my change. I had a piggy bank and all coins automatically went into it. When I was about fifteen I finally went to put a coin in it and it wouldn't go. I emptied it out and took that money to buy my first cell phone (pay-as-you-go of course). 

As an adult, I still practice this. There are two piggy banks in my house. One is downstairs and one is upstairs. I put all my change in the one downstairs and my husband sometimes contributes to the one upstairs. When it's full or when I've fallen on harder times, I cash them out and take them to the bank. These coins usually go into my down payment fund. 

This might only add up to a few dollars, but it's hassle free saving that really adds up over time. 
However, be sure that if you do this you count out your change yourself. Banks will happily give you little paper coin rollers. Coinstar machines and other services skim a fee off the top of your money. 

Check out some other Saturday Handy Tips

1 comment:

Matthew said...

Hmm I do this. I did it more before I left for college though. Everytime I spent money I would put the change in a jar. I very rarely spend change. It's nice to find $50 or so every few months :).