The 5 gallon Vacation

United States
December 5, 2008 1:42pm CST
So with the way the economy is going its getting harder and harder to save up for a vacation, so my boyfriend and I just started a vacation fund. We took a 5 gallon water jug and painted the whole thing black so we wont be tempted to take anything out. Weve been putting all our extra change in there along with a few bills here and there and in the last month its gained a pound and a half. When It gets full we hope the'll be enough to have a great vacation. You can use anything that will hold a lot of change, and that isn't that easy to get into, so that you can let your saving grow. If anyone has any has any other tips on making my vacation money grow let me know.
2 people like this
7 responses
@peavey (16936)
• United States
6 Dec 08
Five gallons sounds like an awful lot of change. With a few bills thrown in, you should have enough to take a great vacation when it's filled up. How long do you think it will take to fill it? If you do rewards programs or something like that, it might help to designate the income or gift certificates to the vacation fund. Paid recycling (as in aluminum cans, etc.) could go there, too.
2 people like this
@Marie5656 (336)
• United States
7 Dec 08
My brother used to do that all the time for a vacation fund. All his pocket change went in. One year he had almost a thousand dollars. I know because guess who got to sit and help him sort it and roll it.
1 person likes this
• United States
7 Dec 08
Yeah thats the part im not looking forward too. I've heard it takes hours to roll all of the coins, when you have to roll them by hand. Is that true?
1 person likes this
• United States
7 Dec 08
Yes, it can. Whaqt we did was sort all the coins out in bowls of the same coins. It took is a whole weekend to do it. We did as an assembly line sort of. Did each denomination of coin separatly. Of course now, there are the Coinstar machines at a lot of grocery stores where you can run your coins through the machine. They take 8 cents on every dollar as a fee, so you have to debate whether you want to give up a few dollars of your money in order not to hand roll it.
1 person likes this
@lightningMD (5931)
• United States
7 Dec 08
We save all of our change too. we cash ours in though every time we have 50.00. Then we go to our Giant Eagle grocery store and buy a gift card. We put them away for birthday and Christmas gifts. We also earn fuel perks for buying the gift cards so it's like double dipping to me. Painting your jar black was a great idea. I hope you guys get a great vacation.
@CRSunrise (2981)
• United States
18 Dec 08
My husband bought me a digital coin counter last year for Christmas. We started using it after Christmas with all our loose change. After about 6 months, we had over $100. I'm not sure of the exact amount. Of course, we had to cash it in. My husband lost his job, and we needed the money. Maybe we'll start that again next year. Who knows. Maybe we use the money to help out with Christmas gifts for next year.
@samijo719 (1052)
• United States
5 Dec 08
This is a really good idea. I especially like your idea of painting it black so you aren't tempted. That was smart. I have saved change before and once I saw it getting full went in cashed it in. I hope you guys save enough for an amazing vacation!
@cynthiann (18602)
• Jamaica
22 Dec 08
This is a great idea and I know someone who did something similar but for a different reason. He got an opening cut into an empty gas container - I think that it was a 100lb container. He and his wife put every cent in that container tthat they could save and all his tips as a waiter. It took seven years to filll and when the money was changed out, they had enough money to purchase a piece of land to build a house. They also had enough money to dig the foundations of the house before they borrowed froma government scheme to finish the building. I am late this year but I have saved my change from May and I have enough to buy a 14 lb turkey and a 12lb ham and a roasting chicken - about 8 lbs for Christmas. It os relatively painless to do it this way and it just becomes a habit - a good habit. Blessings
@saundyl (9783)
• Canada
8 Dec 08
I have an old glass milk jar that i put my change into. I wait til its filled, sort the pennies out into a second one and keep filling it. I change my pennies into larger change or bills and add them to that jar later on. Once i get enough i tend to use the change to buy a "big ticket" item such as my tv, my mattress and box spring, my laptop, on occasion tickets to see my boyfriend. It works really well.