Like most of us, I have a jar of change sitting in a dark cupboard, that I sometimes throw my spare nickels and dimes into----they just get in the way in my tiny little wallet! Every once in awhile if I need money for gas (just a few bucks to get me through the end of the month), I'll dive in and grab some quarters, but in general the money just sits there, unused and seemingly unloved! I've never actually cashed it in for "real money", and I'm not sure I ever planned to. . .
With this economy, though, it seems that more people are heading to their local Coinstar or bank to cash in the random change in their respective jars. The bank representative in this NBC video says that not only do they cash out to the tune of $15,000 to $20,000 per week (total) just at her branch, this kind of business has increased by 13% this year! I guess when times are tough, every little bit counts, eh?
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I think I may take a second look at my little jar of change! I know I don't have anywhere close to $50 in there, but it might be enough to fund a guilt-free night out with the girls sometime soon!
4 comments:
All of our change and $1 bills go to our daughters piggy bank! That's how she gets most of her savings.. and on holidays we add more money. :)
I just cashed in some change for my MIL (my bank does it for free for their customers), and she had $148 in change sitting in her house!
Yowsa!
If I had spare change around, I'd be putting it into my little savings account - and watching it grow :)
I've never understood letting it sit around and not making it work for you. I don't have a change jar. What I do have is a jeans pocket... when it's heavy with change I am reminded to use it instead of breaking a bill. That enables me to stretch my dollar bills further. Store tellers are not used to people having correct change anymore, that is for sure!
PS - There's a charge for using those coin machines - 7 - 9 %... so if every little bit counts, it's best to use up the change yourself. If you use the coin machines, you are LOSING part of your money!!!
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