Save The Change: A Simple Coin Jar for Simple Savings

Some of the simplest ideas have endured because they work so well.

The wheel. A hammer and nails. A lever. Hugs.

One of my favorites is the humble change jar.

At the end of every day, where do you throw your change?

Sometimes simple ideas beat more complicated ones - use a change jar for small time savings!Try a change jar.

Use it as a way to save up some cash to buy something small that you might need. Maybe treat you or a loved one to a little treat.

We throw our change into a little change box in our detritus drawer (my lovely wife doesn't like calling it a junk drawer :)).

When it gets kinda full, we bring it to a local Coinstar machine (kiosk finder) and turn it into an Amazon.com gift card. From time to time there are promotions, like an extra $5 if you pour $20 in coins, and we'll sometimes wait for those promotions before cashing them in. They'll count your change for free if you turn it into a gift card.

If you want cash, skip Coinstar and their 10.9% fee. Call your bank and ask if they will count coins for you. Some will do it for free, others will charge you a fee. Call to find out what your bank will do.

Then spend it! (or save it, whatever!)

Not everything has to be complicated. It's nice to keep things simple. 🙂

Other Posts You May Enjoy:

How to Cancel Subscriptions You No Longer Use

With the advent of streaming platforms like Netflix and Amazon Prime Video, not to mention food delivery apps, people have more subscriptions than ever before. But what happens when you're no longer using a subscription? Find out how to cancel your unwanted subscriptions.

What is the Average Household Budget?

Ever wonder if you're spending too much or too little on something? Curious what others are spending on it? We look at the BLS' data on consumer spending and breakdown the categories so you know what others are doing.

Are No-Penalty Add-On CDs the Future?

Navy Federal Credit Union has a no-penalty add-on CD, which are two CD features I've never seen combined before. Banking products are becoming increasingly flexible and I discuss why I think that is.

About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

Subscribe
Notify of
guest

3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
7 years ago

Ohhhh – I never knew Coinstar offers promos for gift cards. I have to add this one to my list! I have been saving my coins in the same mini Carlos Rossi jug for the past 10 years! I usually just take it to the bank for free, I never saw the point of paying someone else to count my change, but now I’m going to hold out for a promo. Thanks!!

7 years ago
Reply to  Jim Wang

How did you find out about the Coinstar promo? That’s a sweet deal. You should toss up a post next time do a promo.

As Seen In:

3
0
Would love your thoughts, please comment.x
()
x