saving loose change (merged)

john_kent

Agree with gewens post

I us emy "Shrapnel" for the odd stamp and paper. Had around £30 at one point. Soon goes down if you put a couple of quid in coin bag in you rucksack

Also , my little independant corner shop is always greatful for change

jonesMUFCforever

lush_walrus wrote:

If you do know anyone with a small business, and a business bank account just ask them to bank them for you, business accounts do not have a limit, private customers pretty much always do.

So it's ok for the business account to pay bank charges on money paid in is it?

heppy23

MoJo wrote:

Are these the ones they have in Asda?
I've never used the ones in Asda but have been intending to - I thought they just rounded down if you didn't have round pounds? And I understood that the difference went to charity?
But I don't know

No, they take 7% or so. The only way charity comes into it is that you have an option to donate the money to charity BUT they take their 7% first.

I used to use on in sainsburys but after joining the £2 savings club I bought a science museum coin sorter which is fun to use and doesn't take 7%!
Yes it cost me £15 but it will pay for itself within a year.

jonesMUFCforever

heppy23 wrote:

No, they take 7% or so. The only way charity comes into it is that you have an option to donate the money to charity BUT they take their 7% first.

I used to use on in sainsburys but after joining the £2 savings club I bought a science museum coin sorter which is fun to use and doesn't take 7%!
Yes it cost me £15 but it will pay for itself within a year.

Counting by hand would not cost you anything!!
Banks give out coin bags for free!!
Count coins, put in bag - seal bag hey presto you have funds!

john_kent

Cant see the big issue here. If i need to pay something small like a stamp or a paper (rare as broke at moment) or even a wiper blade , I take the relevent amount of change with me. Obviousley , I pay for the wiper blades £4.99 with 20p`s and get a penny change. But 30 1p pieces is always ok at my post office for a stamp.

Also , my local parkingmeters take 2p coins so use them. Once paid £1.50 in 25 2p`s and a £1 coin

heppy23

ejones999 wrote:

Counting by hand would not cost you anything!!
Banks give out coin bags for free!!
Count coins, put in bag - seal bag hey presto you have funds!

I have a 7 month old son and would rather pay £15 for machine to count the money so I can have extra time to play with him.

Plus, I'm a big kid and like putting the money in a machine.

cats505cats

I took Martin's advice last year and saved 20p's 5p's and 2p's through out the year.At regular intervals I bagged them up and payed them into a bank account.By beg of Dec I had £55 which payed for xmas goodies.Better the interest (£1) went to me than tne bank!

harrie_2

jdee23 wrote:

We were discussing this in the pub last night, and two people informed me that they have one of those counting machines in Asda in Nottingham. Don't know if they have one in any other Asda. You can either get a voucher to spend on your groceries or you can get the cash.

got one in asda boldon colliery but you cant get your shopping got to cash in at customer service someone was using forged ones to get there shopping like to no how they done it lol

bestpud

We save small change, counting it up and bagging it once a year - usually towards a day out.

The problem is getting it paid into an account or into notes - Nationwide and the Post Office have a £5 limit on change.

Does anyone know if/which banks provide this service?

Tia

Bestpud

Joe_Bloggs

Now you have it to hand, why not consider carrying a range of it to make sure you never accumulate it again ? You have lost interest on your coin based money pots throughout the year.
J_B.