Advertisement -- Learn more about ads on this site.

Secrets of Success

< Secrets of Success Main Page    Submit a Secret

Funds

64

Members Were Sparked
This Sparked Me!

I come form a middle-class family of 7 people. We know what penny-pinching is, but the best thing I ever did was save my change. I opened up a savings account specifically for it. Since I vowed to never take it out, it can only build. emoticon emoticon

MORE INFORMATION:
My freak-out moment was when a check bounced. It was my financial low and I desperately needed to keep my head above water. My customers always tell me that "every penny counts"...well, I decided to prove it. I went from ~ $36 to ~$532 in two years - in change ONLY. emoticon
- Submitted by BLUEBIRDS_FLY 6/17/2010 in Saving Money | 7 Comments
Please note these are member-submitted secrets and are not reviewed by SparkPeople's health experts for accuracy. If you feel a secret is inappropriate, please click Report Inappropriate Secret and our staff will review it.

Member Comments

BLUEBIRDS_FLY 6/19/2010 1:28:00 PM

    My bank has limitations, too. Like I can only pull out $500 a day. But I can deposit up to $1,000 without verificatin of where it came from or have to use my ID. If you spread your large amount of change up into sections, you should be able to take it to the bank and just deposit it one day at a time.
I think your two sentences are opposite questions. Redeeming your change would read as taking it out of the bacnk, and deposit would be putting it in. I'm not sure if I answered your question correctly. emoticon
SILLYANN 6/18/2010 8:17:00 AM

    How do you redeem your change? My bank has rules on how much you can deposit?
BLUEBIRDS_FLY 6/17/2010 8:26:00 PM

    Suterspace - I've heard a lot of people who use the extra money for vacations. I actually had a discussion about it with a lady at work whose advice kind of got my mind rolling. I thought it was very helpful.
NancyMT6151 - I never spend my change either, and it actually makes me enjoy my shopping trips to know that even though I am spending, I'm still saving. It helps ease money stress in a small yet effective way.
Mamacity - I know, isn't it such a great feeling to get those luxuries after all that saving? I find it refreshing, especially to get get a hrad-earned treat when we're in this wretched recession.
Bethiejude - you will definately get addicted to change, lol. I literally used to do the whole, drop the change accidentally. Turn it in to the tipping cup...I hated carrying it around, and now I can't wait to see the rows build up in my coin-sorter! I'm so cheesy.
JUDLEPIP 6/17/2010 5:54:00 PM

    Great tip. I will try to follow your lead!
MAMACITY 6/17/2010 2:23:00 PM

    I used to save the pennies, nickels and dimes....then my fh said nooo, use the small change when you go for coffee or buy the newspaper, save the toonies, loonies and quarters. They add up so quickly - especially because we're both doing it! We have saved enough to buy the big screeen, two sofas for the downstairs and then our complete bedroom set just on what we saved with the toonies and loonies. These were relatively large purchases and didn't feel a thing out of pocket!
NANCYMT6151 6/17/2010 12:19:00 PM

    This really does work. I just counted out the change I had in various piggy banks around the house and in my car. It was over $300!!! I never spend my change.
emoticon
SUTERSPACE 6/17/2010 12:16:00 PM

    We not only save change but any money from various water bottles and pop bottles we collect from work, etc. That money becomes our vacation money. Great way to help afford vacations that we may never have otherwise.

Leave encouragement, a question, or anything else relevant to this. All comments must abide by SparkPeople's Community Guidelines.

Log in to post a comment.

Related Secrets

Diet Resources: fitness test calculator | gym fitness test | standard fitness test