saving loose change (merged)

System

we use these i have one i put 50p and £2 coins in ,its to cover the fuel /food costs for a trip to butlins in october, my daughter saves a portion of her pocket money in one again for her hols.

mrsclecoco_2

We have 2 tins one with £2 coins in and another with 20p 10p and 5p in. We put money in regular and last yr opened the £2 for spending money for our hols. We were amazed it had £428 in, and popping a few in when you have them we didn't miss the money. We have started a new tin this yr and will open it at xmas for the pressies.

gazza975526570

But that £428 could have earnt you extra if youd put it in a savings account

mrsclecoco_2

I know we do have a savings account we put £50 a month in, and i'm not organised enough to take extra to the bank every week/month, To me it's money I 'can't get too'. Daft i know it would only take a tin opener to open it!!! and I like the suprise of how much is in it when it is opened!!

nephilim

same here, it is money I cant get too, a savings account, I can walk into the bank and get the money, or go online and transfer it. I know that it would earn me interest, but I would rather it went somewhere that I know that I have to physically open the tin, which would defeat the object. Its something I know that I wouldnt miss, so its not really a big thing!

lofty_cherrytree

I had one of these tins which the removal men stole when we moved:eek: :mad: so now I save 20ps in a plastic piggy and anything else goes into the bank.

mrsclecoco_2

nephilim you sound like me, on a few months when we are 'skint' or rather it's 4 days to payday and we want a take away we often transfer money online out of the savings account. I'm really not disaplined enough and it feels more like saving to me in a tin. But I also know it'd there in extreme circumstances. Touch wood we havn't had any yet but you never know!

nephilim

thats exactly it! I do it because I know I cant touch it till its needed!

mrsclecoco_2

Hope you manage to get the £500 by july, i've just put 60p in (change from mymothersday takeaway!) was gonna tip the diver but he was a bit rude so thought stuffit better off in my tin!!!!
good luck

leoetal19

see sealed pot challenge thread-loadsa people are at it from december to december-me too!!!!!!!