One of the favorite traditions that my mom and I share is saving up loose change. It has taught me how much every dime and quarter adds up when you consistently save your coins.
Now, every single penny gets put away – no exceptions! We love doing it so much that my grandparents gave me an electronic change jar that automatically counts how much we put inside of it. You don’t need one of these, but they cost less than $10 if you want to get one for fun.
The jar holds about $100, and it’s fun to see how fast we can fill it.
But what really motivates me is what we do with the money once the goal is met.
After taking our change to the credit union to exchange for cash, my mom and I head to the spa for some pampering. One of my favorite things to do is to get a pedicure, especially since I love rock climbing, which can be rough on the feet.
But at $30-40 a trip, a pedicure is not something I can let myself get very often. Instead, saving up for it makes this splurge even more special because it was earned.
Want to fill your change jar? Here are three ways that you can find and save up your cents.
Go On A Change Hunt
The first place I look for change? My purse! I’m always finding pennies or nickels at the bottom of my bag. At the end of the week, I turn my purse over and let the coins come to me. If you don’t find any change there, check the couch, your pant pockets, or even the laundry room. Get your whole family involved, if you want even bigger savings! Lots of people throw change into a compartment in their car or toss it on their dresser.
So many banks now give teens debit cards to access their bank accounts more easily.
But I know that controlling your spending is tough when you can’t actually see the money in your hand.
That’s why I use cash to pay for just about everything. The bonus is that, if you round up instead of paying with exact change, you’ll always get some change back. This is a quick, perfect way to make your change add up in your jar.
Have a bad habit you want to break? Take a couple of dollars to the bank and ask for it in change. Reward yourself every time you avoid temptation. For example, give yourself 50 cents every time you make it to the gym. If you stick with it, that change jar will fill up quickly and you can reward yourself with awesome new sneakers or a trip to an athletic store for new workout gear.
We know a family that does this in a big way. They all save their change in a huge jar in their living room. When they go on vacation, they use the change as their spending money. They usually have hundreds of dollars to take along with them! Normally, they use it to splurge on something special that they wouldn’t normally do.