Have an extra money by saving some of our change.
By airasheila
@airasheila (5454)
Philippines
September 5, 2012 12:44pm CST
Good day Fellow Mylotters,
Just want to share some good ideas regarding on how to have an extra money. It is very common to all to look for more ways to earn. But, are we also aware that earning is not only the way to have more money. Hence, we must also save some of our money in order for us to have an extra when we need it. Just like if we try to save some of our change from any purchases we did. In this way, saving a penny or a coin and keeping it on a jar or coin bank will help us to start our savings. Although we are just keeping a small amount now, we might be surprise eventually that the small savings we are keeping is already big. After all, great things start from small beginnings.
6 responses
@asliah (11137)
• Philippines
10 Nov 12
hi,
of course to have an extra money in the future we need to save it and keep so in the future that we need money we still have it,that is why saving money for me is mean and i always do that so that in the future i still have that i can use whenever i need it or not.
@cutepenguin (6431)
• Canada
6 Sep 12
We saved a lot of coins over the last year. What I am doing, because we are trying to boost our bank account this month, is using some of the coins in the selfcheckout at the grocery store, so I can save some dollar bills. Hopefully this will stretch our money a bit further so more of our money can stay in our bank account. I'm also going to roll what coins I can and deposit them into our account.
@AgentGulaman (3546)
• Philippines
6 Sep 12
I don't know. But I have tried that style of saving before. I just ended up having money which well worth below what it used to be. Inflation can eat up such kind of savings. It is better off put into the bank and let it earn interest rather than stuck it in a piggy bank with no growth. I think that saving is overrated. We all should focus on investing rather than saving to make our money's worth. Also, saving coins makes the liquidity and coin circulation of the currency disrupted. There is not much clear cut advantage about saving in piggy banks and collecting small change of coins. Just my two cents in.
@Sindrum91 (254)
• United States
6 Sep 12
I agree, and I do this too. I usually buy most of my needs and goods with cash. And I end up with a lot of change. All this change I put aside, and just continue to build it. In the past I have spent it. But now I am in a position where I don't need to ever touch it. And I will just let it continue to build. You can also return bottles and cans, depending on where you live. And receive returns for change on them. While some may snicker at this idea, you never know when you can use that extra change. Every little bit counts. And in terms of saving it can go along way, and add up pretty quickly.
@nadi333 (101)
• India
6 Sep 12
Hi
Yes I completely agree with you.
Even I have habbit of saving coins and change out of money after any purchases since my childhood and I must say it really help us to a great extent. Doing so soon we realize how from a single penny we turn that amount to 100-300-...some 1000s by saving and in middel can also use them to face any sudden expenses.
So I personally feel its a good way of making extra money and also the easiest way.
Have a nice day !
