We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The "Loose Change Pays Your Debt 2009" Challenge

Searched for a challenge like this but couldnt find one, so thought I would post it up.

I have a savings pot that counts my change (bought in WHsmith for about £7) when I put it in, my aim is to put all loose change I have into it and see how much I can pay towards debts/put into savings in 2009.

The aim is to get to your target (e.g. £20, mine is £50) as quickly as possible, then pay it towards a debt or save it, and save as much as possible!!

Ebay Savings Tins - http://shop.ebay.co.uk/?_from=R40&_trksid=m38.l1313&_nkw=+Coin+Counting+Jar&_sacat=See-All-Categories

Sign up below

Member List

1. Guesty6
2. Buffythedebtslayer
3. Lewby
4. Different Corner
5.madmich666
6.tinypawz
7.Sunshine&Stars
8. debt free me
9. Sharon87
10.carlislelass
11. Rosepink1984
12. lemma1968
13. piranhalikethat
14. dizzybee
15. 2652147
16. notenoughcash
17. AliJ72
18. alexsmum

TOTALS UPDATED WHEN PAID TOWARDS DEBT
DEBT FREE - FEB 2010 :beer: (LBM £24,000)
House Deposit 2010 - £2500 / £10,000 Saved

«13456712

Comments

  • I think I might join you with my five pence jar?

    I am in the sealed pot challenge and the 2 pound coin challenge and do sometimes think I am saving too much change and should be putting it towards a debt!

    so I will use my 5p's (cos they annoy me!!) to pay towards the cc.

    xxx
    Nevertheless she persisted.
  • Lewby
    Lewby Posts: 449 Forumite
    Part of the Furniture Combo Breaker
    Morning all,

    Just wanted to let you know that the 5p's add up really quickly and they are so small and fiddly I am always pleased to get them out of my purse. We have set up a 5p jar at Lewby Villas for my daughters University Fund.

    Over Christmas I got back on here and she became a bit interested in what I was always doing on the computer :rolleyes: . She's 16 and since she's been at college in September we worked out that she has spent £800 on 'nothing'! She doesn't know where it has gone but when prompted she remembers buying clothes, shoes, trainers, cd's, makeup, books, etc etc. She was totally shocked to have spent so much!

    I explained that I was doing this to get debt free so that we could afford to support her through Uni (she wants to be a doctor so 5 years+ there) and she realised that she needed to start saving to contribute herself. She opened a savings account there and then and we came up with the idea of getting jars and handing them to family members asking them to save their 5p's for her.

    She has decorated the jars and has put a label on that says 'Please could you spare your little 5p's to help me with my Uni fees'. Both Nans, 2 x Uncles and 2 x Aunties have got jars and have pledges to save their 5p's for 18 months til she goes to Uni. It will be exciting to see how much she collects. She also asks her friends if they have any 5p's and can she have them, and as they are so small they are happy to oblige! It's begging on some small level but I'm hoping that she will understand the concept that my Mum always told me (and I totally ignored!) of "If you look after the pennies the pounds will look after themselves". Maybe I should make some jars for friends and family - 'Every 5p helps me get debt free!'. :rotfl:

    So we have a 5p 'Uni Fund' jar and will keep an eye on how quickly it builds up. The 5p's are so small it will take ages to fill a jar!!!

    Good luck with the challenge.

    Lewby xx
    ** Official DFW Nerd Club Member 009**
    Total Debt 01/02/11 [STRIKE] £64,912 [/STRIKE] 01/04/16 [STRIKE]£32,700[/STRIKE] 01/01/19 £0 :j
    NSD's for Feb 01/15 GC £0 / £300
  • I have today set up a Bathroom fund, have a huge whisky bottle for the cause. I know I'm looking at the £1000's and don't expect to do this before next year but you gotta start somewhere right ?

    Now I need a clever slogan for my bottle, something about spending a penny ?
    DC.
    "Some people walk in the rain... others just get wet... " - Roger Miller
  • Guesty6
    Guesty6 Posts: 136 Forumite
    Excellent, we will wait for a few others and then I will draw up a list.

    My savings pot currently shows £47.70 so today I will have a look round the house and car to see if I can get to my first £50 and then I can cash it!!
    DEBT FREE - FEB 2010 :beer: (LBM £24,000)
    House Deposit 2010 - £2500 / £10,000 Saved

  • Guesty6
    Guesty6 Posts: 136 Forumite
    Been tidying most of the day, and trying to work on this challenge as I go , found 70p in my Football Bag, about 20p in the car ashtray, 30p in 1p's that I didnt put in the savings pot and then I finished the football bag and found a fiver!

    so over £6 today, chuffed
    DEBT FREE - FEB 2010 :beer: (LBM £24,000)
    House Deposit 2010 - £2500 / £10,000 Saved

  • Hiya

    I would love to join this challenge. I already save all my small change as I try to pay for stuff with cash and not by card cos its easier to see what I'm spending. And I regularly raid my hubby's pockets and wallet for change.

    My aim with this challenge is to either clear my nasty virgin credit card or my nasty lloyds overdraft or both.

    Please add me to the list.

    Thanks

    Madmich666
    DFW Nerd No: 758 :cool: Proud to be dealing with my debts!:T Proud mum to Bon-Scott my amazing 10/10/10 baby :p
  • Guesty6
    Guesty6 Posts: 136 Forumite
    Now upto £49.85, need 15p and I can cash in, hmmmm
    DEBT FREE - FEB 2010 :beer: (LBM £24,000)
    House Deposit 2010 - £2500 / £10,000 Saved

  • Hiya

    I've got my change counter. Done the DFW way of course. Its by birthday on Sunday and I'm getting my hubby to pay for it as a birthday present.

    I can't wait to put all my change in my new money jar.... god that sounds so sad!!! But even more I can't wait to pay off some debt with the money that I save.
    DFW Nerd No: 758 :cool: Proud to be dealing with my debts!:T Proud mum to Bon-Scott my amazing 10/10/10 baby :p
  • Guesty6
    Guesty6 Posts: 136 Forumite
    £51.40 now, will cash in ASAP and put towards the Lloyds Loan Fund!!
    DEBT FREE - FEB 2010 :beer: (LBM £24,000)
    House Deposit 2010 - £2500 / £10,000 Saved

  • tinypawz
    tinypawz Posts: 219 Forumite
    Me too please.....I already collect 'shrapnel' when I remember.

    So my target is £50....for a nice day out with lo.....is that allowed or does it have to go toward debt?
    LBM May 2007 -£20584!!! :mad: (£18k is ex-husbands-nice guy, eh?:mad: )
    [strike]Dec 2008 -£15095[/strike] [STRIKE]Jan 09 - £14871[/STRIKE] [STRIKE]Feb 09 - £14534 [/STRIKE] [STRIKE]Sept 09 - £12463[/STRIKE] [strike]Jan 10 - £11805[/strike] May 11 - £7981
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.