“How to Boost Your Savings with Coins”
When I was child we had neighbor uncle who put all of their lose money (especially coins) in one of soil pot (which he called buggy) and when it would get full he rushed to bank and came back with lot of Savings cash. And for him that moment was the happiest moment.
My wife (Savings Buff), collects all of loose change too, she’ll keep the money to piggy bank and calls it his “Travel Fund”. Once it’s full she starts planning for next tour!
We all know that there are a lot of methods of Savings out there to make you better at savings your money, but sometimes you have to just simplify the process to get your brain on board and develop better money habits. One of the simplest things you can do to start savings money today is to just start collecting your pocket change! Sound easy? That’s because it is!
Here are 6 ways your entire family can boost savings accounts with your spare change.
1. Prepare your Kids for using Piggy Banks
Get your kids on board with savings more money. Even the youngest one in your home can learn how to save money regularly. Make homemade, crafty piggy bank by using old jug/container to design .Encourage them to fill up the container often with any change they find or receive from Grandparents or any other source of perks.
2. Place a Jug near the Washing Machine
Whenever you do the laundry, check all pockets for spare change and other items that could clog up the machine. Keep a jug right next to the washing machine to make it easier to collect any missed spare change. Earmark all money from the laundry to go into a home emergency fund . Its unique idea of savings isn’t it.
3. Keep a Cup near your wardrobe
Every time when you change clothing, check your pockets for loose change. Drop your coins into that cup and commit to using the money collected for holiday spending or anything else. (It’s never too early to get a head start on the holiday expenses!)
4. Explore the Sofa Cushions
Make a weekly event to enlist the kids into checking into the sofa cushions and other areas of the house for spare change. Tell them that they are looking for buried treasure because, really, they are! Kids deposit what they find into a jar specifically for family vacations or a family night out or Sunday’s Dinner. Let the kids pick the family outing, and for even more of a savings incentive, have the kids come up with additional ways money can be saved.
5. Collect from the Car
Check the storage compartments and the floor each week for dropped coins. Any extra change that you find in the car can be deposited into a savings account for gas money or car maintenance costs.
6. Roll up Monthly
Visit your bank or buy bags of coin papers to keep on hand. Each month, set aside an afternoon for the whole family to sort, count, and roll up the coins collected from each container in the house. Not only will kids enjoy the family time, they will learn good money habits and fruitful math lessons. Deposit coin rolls in the intended savings accounts and watch how fast the accounts grow within the year.
Do you have any secret places that you like to find change, and what do you like to do with the spare change you collect? I’d love to hear about them in the comments below!
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