Coins Count Too!

How many times have people walked over coins in the parking lot?  NOT ME!  I take the time to pick them up.  I was surprised at how many young people toss coins on the ground because they don’t want the change (especially the brown ones!)  What?!  PICK UP THOSE COINS! *With three loud claps

According to YouGov, “Seven in ten adults over 55 say they stop for pennies, less than four in ten millennials do the same.”  Make it make sense (cents)!  Really!  What message are we sending to our younger generation?  Get the paper!  There is more than one way to get that paper and that’s by counting the coins that equal the paper.  A container to house these special coins (yes, a piggy bank) is not outdated!  You can go old school and get the good old fashion pig with the slot at the top and the stopper underneath.  Get a soda bottle, water cooler bottle, whatever! 

How many money challenges begin with saving loose change?  Below are some challenges I found about saving that change:

365 - Day Nickel Challenge

This challenge is a fun way to use up your spare change while building up a sizeable savings account. You start on the first day by saving a single nickel. Then, each day you increase the amount you’re setting aside by one nickel. For example, by day three you will be setting aside three nickels, and on day 45 you’ll be setting aside 45 nickels.

Einstein is reported to have called compound interest the “most powerful force in the universe”, and this challenge demonstrates why. If you follow this nickel challenge throughout an entire year, you will end up with a fund of $3,339.75 on day 365. (Rise blog https://blog.risecredit.com/money-saving-challenge/)

Spare Change Challenge

This super easy savings challenge is another way to put away a little extra money without adding extra strain to your budgeting plan. Whenever you make a purchase and receive coins back in exchange, you can drop those pennies, nickels, dimes, and quarters into a jar.

Commit not to touch your savings for a certain set amount of time (perhaps a year) before you add it up to see how much you’ve saved.

Also, your credit union or bank might have a free coin-counting machine that can save you time when you’re ready to turn your coins into cash. Beware of coin counters at grocery stores and elsewhere. These typically tack on fees for the service.  (Rise blog 24 Money Savings Challenges to Try in 2024)

Round Up Money Saving Challenge

When you buy something, round up the amount to the next dollar. Direct the difference to a savings account.

You can do this the old-school way by recording rounded-up amounts on a piece of paper and then depositing that amount into a savings account, but you can automate it with one of several apps. If you use one, be sure you understand any fees involved and where your money goes. Some apps direct savings to FDIC-insured accounts, but others send your money to investments that involve more risk.  (Rise blog 24 Money Savings Challenges to Try in 2024)

Keep-all-the-change challenge

For this challenge, whenever you stumble upon some extra cash around the house or when you receive change from a store, keep it in a jar. The idea behind this challenge is that even small amounts of change can add up over time. (Money-saving challenges: 23 types for every personality)

Penny Savings Challenge

If you often pay with cash, this challenge may be for you. The penny savings challenge is like the keep-all-the-change challenge, but instead, you will add only the pennies to your jar.

(Money-saving challenges: 23 types for every personality)

Yes, there are SEVERAL savings challenges available, but I just searched for loose change.  I’m sure there are several more, but the point is to SAVE THOSE COINS!