Watch those coin counters!!!

[NYCDiane]

Why don't you just spend the money and save yourself the time and aggravation of using the coin machines?

Because it's a fun and easy way to save for extras. I toss all my pennies in a can (last time, I had $68 in pennies!) and my Q, D, and N in a different can. In addition to the change, I also throw in dollar bills and if I win $5 or $10 on a scratch off, I'll toss it in also.


I'll use the money saved to get Broadway show tickets or to do something special with my daugther that we wouldn't normally be able to do because we don't have that kind of discretionary income.

 

[RumpleMom]

OP thank you very much for this heads-up on coin counters.


I have never used one, but I believe the coin counter at my grocery store charges a percentage fee.

I always count, roll and take my coins to the bank. I would not be happy if my bank refused my wrapped coins.

 

[ptlohmysoul]

because we don't have that kind of discretionary income.

lol. But obviously you do have that discretionary income .

 

[NYCDiane]

lol. But obviously you do have that discretionary income .

No. Obviously I don't. If I had the discretionary income, I would just take $200 and but tix or whatever it is we want to do.

Saving the change is simple. When you make purchases, always pay with bills, never change. Throw all the change into your change jar/can/bank every day. You don't miss it and it adds up quickly.

If you use the change throughout the day, you're very unlikely to say at the end of the day "oh, wait, I have to put $___ aside now" because if you have the money, you're going to spend it. With the change, you don't even look at it other than to separate the pennies out and toss them in a separate can.

I've found this works for me. You may be fortunate enough to say "I'm going to put aside $50 this week for _____." At the moment, I don't have that luxury and tossing coins in a can is the best way I can save for extras right now.

 

[NYCDiane]

OP thank you very much for this heads-up on coin counters.


I have never used one, but I believe the coin counter at my grocery store charges a percentage fee.

I always count, roll and take my coins to the bank. I would not be happy if my bank refused my wrapped coins.

You're welcome!!

I wonder how far ahead the banks and other coin counting companies come out with these "miscounts"????

The coinstar charges (I think) 9% which is just crazy. My bank doesn't charge anything but, again, you have to know how much you're throwing in there.

I wish my bank would take rolled coins! It would make life so much easier!

 

[SandrA9810]

Try taking rolled coins to the grocery store. I used to do that with Publix, I'd take a couple rolls at a time to the customer service desk and they would exchange it without an issue.

 

[bumbershoot]

Why don't you just spend the money and save yourself the time and aggravation of using the coin machines?

FWIW, money saved like this does get spent. It's how my family easily gets tip money for trips. Buy groceries with cash, save the change, and we end up saving far more change than we would get back in CC rewards.

I guess this is one of the reasons that I gave up on banks a long time ago. None of the credit unions I've used over the years have ever given me a problem with depositing coins.

Whereas for me, the closest branches that accept cash deposits other than paper money in their ATMs is up in Seattle. I'm not driving up there just to turn in my change.

When WaMu was stolen a few years back, I kept my brand new Chase account, and while WaMu had started charging 10% on more than a few rolls of coins at a time, Chase never has. It's one of the OK things about moving from WaMu to Chase.

Most of the self check out stations in stores take change, I just started using the one at giant eagle ( grocery store in ne Ohio ) to buy Disney gift cards. Feed the machine over $21 in change. Dd10 loved doing it and the count was spot on.

Now THAT is an interesting idea!

No. Obviously I don't. If I had the discretionary income, I would just take $200 and but tix or whatever it is we want to do.

Saving the change is simple. When you make purchases, always pay with bills, never change. Throw all the change into your change jar/can/bank every day. You don't miss it and it adds up quickly.

I think it's the "you don't miss it" part that the other poster is talking about. In my family growing up, we used every bit of money, including the coins, because we had to. We would have missed it if the coins went into a jar.

You're welcome!!

I wonder how far ahead the banks and other coin counting companies come out with these "miscounts"????

The coinstar charges (I think) 9% which is just crazy.

But IF you have need of any of the giftcards they have in their machine (like starbucks, amazon, etc) you can get those without a fee.

 

[Colleen27]

But IF you have need of any of the giftcards they have in their machine (like starbucks, amazon, etc) you can get those without a fee.

And they've recently added Southwest as one of the e-certificate options, at least in my area.