The Shiny Box Challenge!

deborah64

We have 3 on the go, in one I put 1p, 2p and 5p pieces, that goes into a counting money jar, tells you the total on the top. I have a tall tin for my £1 a day or more if I have a extra odd one and upstairs on the window sill I have a big penguin biscuit barrel which I put 2p pieces into, theses are then used when we go on holiday or days at the seaside for the 2p machines in the arcades which we all love.

KxMx

I already save 1p, 2p and 5p which generally go into the ISA once there is enough for a coin bag.

I've been thinking though about a sealed pot for larger change to get some more money into the account as it does take me a long time to get enough to pay in a bag... 5ps take a good year! Maybe opening every quarter or something and then go and make a deposit.

At some point this year it is very likely that my income will reduce by almost half for at least a year so the more I have in the ISA by then the better.

renegade

Linda32 wrote: »

I save loose change as well, and will save more now as the change had previously been used to pay the milkman. (We now pay online - long story )

I also save 50p's in a money box, I can get into it, but I won't be doing so. I'll just count up how much is in there......£4.50 I'm glad I did that, as I found out the hole isn't very big and you have to fish them out one at a time :eek: I think I'll revert to the original money box.

Can I ask please, Spider in the Bath, you said you cash in change at the bank. Do the banks still take change, does it have to be bagged up? I guess it does, I didn't think they had the time for that now. Or didn't like doing it. I surpose they are obliged too if it isn't every week.

I've been using Coinstar machines in the past :eek:

I have been doing this for years, the P.O. will take change but it has to be bagged which is not a problem, they weigh it . Go on a non-busy day they are happy to oblige.Would never ever use Coin machines and pay for the privilege.

Penny_pincher_4

Good Morning All,
Last year I got a "Coin tray and note holder" which has 3 slots for notes and a section for each of the coins.

Each coin section has the £ value for this coin on the side so one can easily see how much has been saved up.

As soon as I have enough to to bag it up I do so but I only go to the bank once I have more than £10 bagged up.

Each weekend I also empty my pockets of all loose change, keep £4 for change at work for next week, and put the rest in the trays.

On average I have saved £180 - £200 each year over the last 3-4 years.

@ Linda32 - I agree with renegade - don't use coinstar machines and pay for something you can get for free at your bank.
Banks still take loose change but it has to be bagged - they supply the bags and let you do the work. However, using this coin tray has cut down on the time I used to spend counting all the loose money.

Happy saving everyone!

MotheroftheKid

I have been thinking about doing this recently as my purse seems to get very heavy with all the change. I will look round the house for a suitable container.

The only coins which I save in a plastic bank bag are 5p's, which I use in car parks, I do begrudge paying 50p just to nip into the bank or buy some fresh vegetables etc.

It does take me a while to put them in all in the machine, but I do get satisfaction from it!!!!