Conquering coin clutter

Piggy Bank

Coins can gradually claim a lot of space over time. In your car, on top of your dresser, or in multiple containers throughout the house. Make sure you designate one place for your spare change and keep the collecting reasonable. Don’t let the hoarding of spare change get out of control. Take your piggy bank to a Coinstar machine where you can cash it in for an eCertificate to Amazon.com or many other retailers. You also have the option of donating your spare change to one of six non-profit partners. By opting for the gift card or donation option you also skip the service fee (8.9 cents per dollar).

Getting value out of your coin clutter isn’t the only thing Coinstar helps you with. It saves you the time you would spend rolling all that change and the smelly fingers you inevitably get from handling all those pennies.

You can also cancel change out of your life completely by exclusively using your debit card and going cashless. Bank of America has a program called Keep the Change which rounds your purchases up to the nearest dollar and transfers the difference to your savings account. Going cashless is probably the best way to canceling out clutter, but cash is sometimes the only option at certain establishments.

13 Comments for “Conquering coin clutter”

  1. posted by Matt on

    I have a tin that I use on my dresser and once a year (I know long time) I turn it in for, usually $180-$250 and my wife and I go out for dinner for our anniversary. She and the kids keep their coins separate for their uses.

    matt

  2. posted by Ryan on

    I just bring all my silver coins to work. Anyone who has worked such a boring desk job as mine can often find themselves raiding the snack and drink machines out of pure bordem.

    I’ve been using this method for a month now, and I can honestly say that I haven’t owned a quarter for more than 4 hours at a time.

    What about the pennies and the canadian quarters you ask? A good old coffee can and every-now-and-then trips to the bank works loads better than rip-you-off coinstar.

  3. posted by Erin on

    At many banks, there are now machines to do what coinstar machines do but for free. Our local bank does it and we use it about twice a year.

  4. posted by Lavatory Lady on

    I started keeping my change in my son’s spiderman halloween bucket. I do find myself haVing to empty my purse and clean out my car because of the pennies. Great Post.
    http://www.lavatorylady.com

  5. posted by GrantParish on

    Our local grocery has installed self service lanes with coin/bill acceptors for payment. About once a month, I take all my coins and make a small purchase and pay for it by feeding all the coins in the slot. (This works best if you don’t go at peak times and have folks standing behind you!) It is much better way to use up coins than rip-off Coinstar and you don’t have to deal with a harried clerk who does not want to take your pennies.

  6. posted by Neil McIntyre on

    Is there a Coinstar equivalent in Canada? On their website you can search for one near you in the US and UK…

  7. posted by Deb on

    We have two places to keep coin. One with silver that we roll for goodies on vacation and the other we keep just the pennies, those go to Coinstar….

  8. posted by Leo Petr on

    Dominion grocery stores have coin machines in Canada. I think they give store credit.

  9. posted by Mark on

    I’m in the UK and anything less than a 20p piece (e.g. a quarter) goes into my big wooden bowl (like what Tim Roth has in Reservoir Dogs)at the end of the day.
    Every few months, I bag it up and take it to the bank who’ll change it for free. It’s surprising how fast the 20p’s add up. I reckon I get around £60 (c. US$120) every two months, and I pay it into my ‘fun’ account.
    It’s almost like free money.

  10. posted by Damian on

    Coinstar’s fee is exhorbitant. Go to Commerce Bank, or find another bank that does free coin counting. If you’re still keen to give away almost 9% of your money (that can be a lot if you’ve been hoarding for a while), give it to the charity of your choice.

  11. posted by Damian on

    “You can also cancel change out of your life completely by exclusively using your debit card and going cashless.”

    The banks and marketers LOVE that tip. It enables them to track everything you do.

  12. posted by Patrick on

    I find that going completely cashless doesn’t let me save those leftover coins for later. This last week I happened to use a lot of cash, and by the end of the week I had enough quarters for a few loads of laundry, which saved me a trip to go get cash and change.

  13. posted by lelak on

    After accumulating loose change for years, I’m finally making a dent in the mountains of coins by using them to pay for my morning coffee. The 7-Eleven guy knows I’ll be paying exact change.

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