saving loose change (merged)

sillyvixen

i wish more banks would install machines for paying change into an account. i take mine to asda a couple of times a year and get 30 - 40 pound from the coinstar machine and use it for homewears that i want last time it bought new towels, bathmats and accessories to revamp my bathroom .. but i prefer the idea of commision free paying into my account i would have a bit more to spend and just take it out of the cashoint!

1jb

Hi,
Ive not long since joined Moneysaving expert and I feel I'm actually getting somewhere, all be it virtually, just need to wait for all the savings and points to come through to my account.

Didn't know where to post this so..........

Just thought I'd share a fairly obvious point of saving change. I thought, as many of you probably will now, "How obvious" but about 6 months back I got a huge emtpy whisky bottle:beer: and started saving any loose change I had but put the bottle out of sight and NEVER DIPPED INTO IT, just trying to forget about it. I recently counted all of the change and had just over £120, so putting it towards a holiday.

My Dad did a similar thing with pound coins.

I just thought that I would share something as simple as that and see if it helps anyone. If I've stated the obvious then apologies.

Thanks People

perfectlypoor

I can only save 2p,1p and 5p coins as I am totally rubbish and will dip into it if I save any coins of bigger amounts.

ovetta2001

perfectlypoor wrote: »

I can only save 2p,1p and 5p coins as I am totally rubbish and will dip into it if I save any coins of bigger amounts.

Haha! I'm exactly the same!

purplevamp

1jb - :wave: welcome! Glad you found us. That's good discipline!

I've got one of those electronic money machines. Every day I put my change in it, from 1p to £2.00!! I try not to dip into it but if I need change, eg for the childrens school dinners, I will get some. I've got £60 waiting to be banked next week and that didn't take me too long to save. :j

1jb

perfectlypoor wrote: »

I can only save 2p,1p and 5p coins as I am totally rubbish and will dip into it if I save any coins of bigger amounts.

thats why you keep it out of sight.... "out of sight, out of mind"(except for putting the money in :cheesy:)

Bambywamby

Adds up without you really noticing...well done x

noh

1jb wrote: »

Hi,
Ive not long since joined Moneysaving expert and I feel I'm actually getting somewhere, all be it virtually, just need to wait for all the savings and points to come through to my account.

Didn't know where to post this so..........

Just thought I'd share a fairly obvious point of saving change. I thought, as many of you probably will now, "How obvious" but about 6 months back I got a huge emtpy whisky bottle:beer: and started saving any loose change I had but put the bottle out of sight and NEVER DIPPED INTO IT, just trying to forget about it. I recently counted all of the change and had just over £120, so putting it towards a holiday.

My Dad did a similar thing with pound coins.

I just thought that I would share something as simple as that and see if it helps anyone. If I've stated the obvious then apologies.

Thanks People

The more obvious course of action to me would be to not draw the £120 cash out of the bank in the first place and spend your loose change should you have any.

Nigel

Big_Nige

noh wrote: »

The more obvious course of action to me would be to not draw the £120 cash out of the bank in the first place and spend your loose change should you have any.

Nigel

Nigel, the first line of forum etiquette states "pls be nice to all MoneySavers". What works for you, might not work for others, I have personally been saving loose change for the last 20 years, whilst not drawing money from the bank.

Big.

LittleVoice

Big_Nige wrote: »

Nigel, the first line of forum etiquette states "pls be nice to all MoneySavers". What works for you, might not work for others, I have personally been saving loose change for the last 20 years, whilst not drawing money from the bank.

Big.

Nigel was giving an opinion (which I share) and wasn't being not nice!

However, horses for courses. People should do what works for them. It wouldn't work for me, so I don't have a piggy bank or similar. If it works for you (and it seems for many others), then that's fine too.