The £2.00 Coin Savers Club

ryoooh

Im confused about the £2 savers club...Does it not make better financial sense to put all your efforts into paying off any debts that you may have? Rather than keeping an inconsequential store of £2 coins somewhere in your house? Sorry if ive missed the point, but if you have a huge credit card bill/overdraft then it seems stupid to be keeping £2 coins seperately and not using it to offset/pay off that debt (even if you're putting them in the bank for some miserly interest!!)

*Louise*

Well I haven't been on for a few days, but managed to hold on to three of 'em while I was away.

Miffi_2

ryoooh wrote:

Im confused about the £2 savers club...Does it not make better financial sense to put all your efforts into paying off any debts that you may have? Rather than keeping an inconsequential store of £2 coins somewhere in your house? Sorry if ive missed the point, but if you have a huge credit card bill/overdraft then it seems stupid to be keeping £2 coins seperately and not using it to offset/pay off that debt (even if you're putting them in the bank for some miserly interest!!)

It's just an extra incentive for people to save and not spend. I think I speak for most people here when I say that we are still putting all energies into trying to sort out our debts, it is just an extra thing we are doing.

Nowadays, I would rather put a £2 coin I got given in change into my saving box and see it add up, then spend it like I used to.

Every little helps!

pash_2

had a tidy up at weekend and found 2 £2 coins that I had put to one side to add to box and forgot! then emptied purse and had 3 in there!! woohoo! good week for me.. no shortage for me though as I work with cash and if i have withdrawl symptoms I can change a couple of pound coins!!
Pash x

melancholly

angel wrote:

I think that when we get to £10,000 we should get Greenfingers a medal for looking after this thread so well! :T

Actually, maybe we could all have a party! :beer:

yeah - greenfingers - how is maintaining this not taking over your life?!?! (or prehaps it is!)

anyway - we're all very very grateful either way!

Kimberley

ryoooh wrote:

Im confused about the £2 savers club...Does it not make better financial sense to put all your efforts into paying off any debts that you may have? Rather than keeping an inconsequential store of £2 coins somewhere in your house? Sorry if ive missed the point, but if you have a huge credit card bill/overdraft then it seems stupid to be keeping £2 coins seperately and not using it to offset/pay off that debt (even if you're putting them in the bank for some miserly interest!!)

Yes but if you fill your piggy up full, then the money you saved will be a huge amount and you will see your debts paid off quicker. It's much more rewarding to pay off a debt with say £500 in £2 coins then if you pay it off at £2 a time

Go and get yourself a tin that holds £500 in £2/£1 coins and see how quickly it fills up :T

Also once the tin is full, you may have enough to offer a full and final payment on a larger debt :rolleyes:

scroogey

Banking my first £20 that I've saved up today. Absolutely gutted last night when counting them up and realised my sig and the amount in the tin don't add up. Turned out that the OH had "borrowed £4" and "forgot" to tell me, so had a furious bust up with him over it, he can't see why I'm making such a fuss about it!! :mad: So i'm off to buy my own piggy bank today where he can't access my £2 coins and banking £20 so there isn't too much lying in my flat.

Cullumpster

Ohh i've got some more, have update my sig :j:j:j:j:j

D&DD

scroogey wrote:

Banking my first £20 that I've saved up today. Absolutely gutted last night when counting them up and realised my sig and the amount in the tin don't add up. Turned out that the OH had "borrowed £4" and "forgot" to tell me, so had a furious bust up with him over it, he can't see why I'm making such a fuss about it!! :mad: So i'm off to buy my own piggy bank today where he can't access my £2 coins and banking £20 so there isn't too much lying in my flat.

Aw Scroogey couldn't help but have a chuckle at this one as me and OH had the same thing happen!! Thanks to having a siggy with the total on I knew he'd been apilfering I don't think he'll try it again...

laura_24601

got another 1 today (at the post office )