What are some ideas for collecting spare change?

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Collecting spare change in designated containers at home and in the car helps keep coins organized and can add up to a surprising amount over time, teaching children the value of saving money.

To collect spare change, many people set up a designated container, which can be anything from a decorative coffee can to a coin sorter. This prevents coins from being scattered on top of the dresser when pockets are emptied. People who like to carry change with them every day might keep a small, shallow dish in their bedroom or near the front door, from which change can be easily retrieved.

In the laundry room, people often keep a large container, such as an empty water jug or a large empty fishbowl, to put change that has been left in pants pockets. They can store it within reach on a shelf next to or just above the washer and dryer. The kitchen is another area where an easily accessible container that can hold spare change might come in handy.

The home is not the only place where change accumulates. Many people have built-in coin holders in their car’s console, but these are not designed to hold many coins. Drivers who have an extra cup holder in their car might want to place an empty cup just for change. When it fills up, they can bring it inside and dump it into a larger coin container.

Gathering spare change in one or two locations makes it easier to use. Over time, coins can add up to a surprising sum that can be allocated to whatever the collector pleases. He or she can sort it after it has been collected and roll it for bank deposit or exchange the rolls for bills and spend the money on something frivolous. It can be helpful to involve the entire family by designating the collection for a movie and ice cream outing, for example, or the money can be donated to charity.

Collecting change is also a great way to teach children the value of saving money. By providing a child with a piggy bank, a parent can make learning to save fun. Each time the parent or child finds a coin, the child can use it as “piggy food.” When the child feeds the piggy, they have more money. The parent can allow the child to count the money when the bank is full and help them roll it.

People who do not have a coin sorter and do not want to carry change can take it to a grocery store or another retailer that has a coin sorting and counting machine. These machines are a convenient way to dispose of change, but they have drawbacks. The machines do not return money to the user but provide a cash credit slip for the store where the machine is located. Users will also be charged a small fee of a few cents per dollar, so people should expect to pay for the convenience of disposing of large amounts of change without the need to roll or count them.




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