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Give Yourself a Second Payday With Coins

Category Saving Money
Many people drop their loose change in a bucket or jar. If you take that cache in to your local market where there is a Coinstar machine you can turn it into cash, no fee gift cards, or make a donation. There is a fee for the service, but you don't have to sort and wrap as with a bank. This can make you feel like you just got a second payday.
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I know everyone is aware of the Coinstar machines in nearly every grocery store, and everyone is aware that saving coins can add up, but are you aware that you can painlessly have enough money to pay your rent after a mere two years or more?

We recently did this. We had a huge, heavy jar of coins that we had been collecting since 2013. When we recently moved last November, the money available was enough to cover the first month's rent, and moving costs.

You save even more money if you roll your own coins and take them to the bank teller, but we have found that the opportunity cost of roll-your-own is not worth the 8% surcharge that the Coinstar machine takes.

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Anonymous
January 24, 20172 found this helpful

My husband who recently passed away use to save all of his change when he came home from work in jars, cans...whatever was available. Last year was our first year without him for Thanksgiving and just couldn't do the traditional dinner so my daughter and her family went to the ocean for the weekend.

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I paid for the trip with one of the many cans of coins he had saved. I am sure he would be pleased we used them this way.

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January 25, 20173 found this helpful

that's a wonderful story, and I am deeply sorry for your loss.

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January 28, 20171 found this helpful

I have never heard of Coinstar machines. Can you please explain them to me? Thank you.

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Anonymous
January 28, 20172 found this helpful

Some banks will run your jar of change thru their change counter for free, beats the coinstar fee.

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Budget & Finance Saving MoneyAugust 29, 2019
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