Coins on the bank.

@lynboobsy11 (11343)

Philippines

January 22, 2013 12:47am CST

Are you still practicing saving coins? I just thought about this when I was a little kid my mother told me that it is nice to save coins and start it with in the new year. I remember my piggy bank that was being open at the end of the year that have lots of coins and save it on my personal bank. But that was when I'm still young, unfortunately I did not learn to teach my children about it. As I grew up and learn to earn money from my own job it's been hard for me to save money even coins, because every time I'm running out of coins to use for jeepneys I'm really bad that I will just take what I have put on my piggy bank. Now I'm starting to think about it again but I'm afraid that someday I will just take again and use it.

What's your thought about this?

10 people like this

33 responses

@surekharathi (14146)

• India

23 Jan 13

Yes still I use my piggy bank and store the coins because some time this coins is very helpful when no change in purse. Now a machine is fix in SBI bank and we can take the coins from this machine give the note and take the coin.

3 people like this

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@lynboobsy11 (11343)

• Philippines

24 Jan 13

Ohh I don't think we do have that kind of machine here but it is good idea for coins can get anywhere.

1 person likes this

• India

23 Jan 13

A coin vending machine was also installed in a bank near my home. Unfortunately it does not work..... So I have to save and keep several coins in the bag. It is very common for vendors to ask for change whenever I go out shopping. Saved coins in the bag come in very handy.

3 people like this

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@johndur (3052)

• Pasig, Philippines

25 Jan 13

i think its a good practice to save some for future use.dont feel bad when you use your savings because it is really saved for you to use it when the need arise...

2 people like this

@lynboobsy11 (11343)

• Philippines

30 Jan 13

yhea your right now I actually started and hopefully this is a good year to start for me again.

@andak2007 (3229)

• Philippines

24 Jan 13

Hi Lyn, I love saving up coins in my piggy bank when i was a little kid and more so even now that i am a mother of three kids, i try to teach my kids the value of saving up and you know kids, they love coins very much that they ask me for it every chance they have. We were able to save up to Php 3500 last year and we are planning to start another one this coming February and we put the money in our savings account at the end of the year. In this way i get to teach my kids the good value of money and savings and have fun at the same time.

2 people like this

@lynboobsy11 (11343)

• Philippines

25 Jan 13

You set a good example to your kids in saving keep it up

1 person likes this

@aquinoma05 (162)

• Philippines

24 Jan 13

I remember when I was a kid when I used to have a coin bank that I open whenever it is Christmas time. We put coins in it and wait until Christmas season to open it up. I still practice saving coins but not for Christmas anymore. I save coins now so i can teach my children to save money as well. If you are afraid of taking what you have put on your coin bank, buy a coin bank that doesn't have any openings. One that you need to put some force to open up.

2 people like this

@lynboobsy11 (11343)

• Philippines

25 Jan 13

Hmm thanks but I decided to have one that I can open to change my bills into a coins. I agree that saving coins for a long month or years are not good because it must be circulated. Once I have a store and my experience running out of coins to change is not easy.

1 person likes this

@dorannmwin (36392)

• United States

24 Jan 13

When I was a little girl, I definitely did save all of my coins all the time and I would only trade them in when I got to a large sum of coins. However, now that I'm older, I don't actually use cash nearly as often as I did when I was a young girl and for that reason, I have to admit that I don't save coins the way that I used to save them when I was younger. That said, I do need to get back into the practice of saving coins when I can because they always do come in handy later.

2 people like this

@lynboobsy11 (11343)

• Philippines

25 Jan 13

Yes me too that's why It came into my mind just before I did this discussion. I think I have to practice saving again

1 person likes this

@bhabycatch013 (9150)

• Philippines

24 Jan 13

hi lyn, Coins should be in coin pursue not in a coin bank

I am not really thrifty person like others happy mylotting

2 people like this

@lynboobsy11 (11343)

• Philippines

25 Jan 13

Hmmm as much as you enjoy it why not but it's also good to save for our next get together

miss yha.

1 person likes this

@salonga (27775)

• Philippines

23 Jan 13

I don't think it is practical to save coins in the piggy bank. It actually affects the flow of coins. This is exactly the reason why most stores are running out of coins. The coins are in the piggy banks and are left there for long. The coins are meant to be spent and not kept. If you wanna teach kids to save coins you may do but help them open a kiddie account with the bank so that the coins are not just sitting inside the piggy bank. That way the circulation of coins won't be disrupted.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

I don't have problems on that once I have a store and I know its hard when I run out of coins to change. The coins that I save for a week I do change it in bills so it will not stuck for months.

@JamesKYTan (1605)

• Malaysia

23 Jan 13

Hi, I think every kids are brought up to value money. Money is the medium of exchange and children know the importance of money. Even now as an adult I still save coins in money box. At the beginning of Chinese New Year I send the money box or piggy bank the bank for counting and credit to my son's saving account. The amount credited tallies with the figures I counted before I send to the bank.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

Wow I know your kids will be happy to see that their savings are now increased.

1 person likes this

@louievill (28851)

• Philippines

23 Jan 13

i think in our country, it is wiser to save bills rather than coins because of the small monetary value, that is if you can manage without needing it

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

We can change the coins into bills, when it is already enough to change.

1 person likes this

@prospectboy (754)

• United States

24 Jan 13

I save coins now, but I mainly just save nickels. I don't know why, but I like saving them. I have a jar that I use to save them in. My goal has always been to get it full to the top. A couple years ago, I was about halfway there and my sister laptop broke. I gave her the coins to help fix it. I've started back saving them now, and I was at near halfway full, but today I traded in some of them today. Saving coins is a wise idea though.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

I'm glad that you save it for purpose your sister was lucky that you have savings for she used it to fix her laptop. Keep it up I hope you save more again.

1 person likes this

@fantabulus (4000)

• India

23 Jan 13

Not me but my both daughter use the piggy bank and store the money they daily take few coins from father and put in it. Whenever need then open the piggy bank and use the money. I remember my old day when see the daughters.

2 people like this

store the money

@lynboobsy11 (11343)

• Philippines

24 Jan 13

Yes when I'm still a kid I do get coins from my father's pocket and put it on my piggy bank.

1 person likes this

Harriet Steinberg

@Happielady85 (384)

• United States

24 Jan 13

I save coins, not so much because I want to save money. I save coins because it fills up my purse when I get change. Because of this, I put a special little purse in my bigger purse and you'd be surprised how many coins I had in that little purse. One day when my granddaughter came over to visit, she told me to go to the bank and get some coin folders. She and her friends filled up all those folders and were we surprised when it went over $20.00. I think it's a good idea to save coins and when you get a certain amount, put it in your bank account.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

That's a very good idea.

1 person likes this

• India

23 Jan 13

Yes saving money is important no matter how much you are saving.The more you save money,the more you know about money management.It's important to save coins and even panies.They will become huge amount in future.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

@xocolatedrool (414)

• India

24 Jan 13

I put coins in my coin bag and usually exchange them for papers whenever possible. I dont take coins to the bank. But hey, its a possibility. But then I am alwyas runnin short of change at the pay counter. Nah! I would rathher hav the change to me. I end up buyin things that I dont want when I dont have change.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

Lots of coins on my purse or bag give me shoulder pain for it's heavy.

1 person likes this

@jillhill (37354)

• United States

22 Jan 13

I do save coins and they add up. I saved pennies which are only worth one cent but I had a big tin full and it added up to $80.00...and that is quite a bit of money when you think about it.

2 people like this

@lynboobsy11 (11343)

• Philippines

23 Jan 13

Wow that's great jill your good in saving pennies, I hope I can be like you too.

1 person likes this

@ddaguno (3107)

• Philippines

23 Jan 13

Yes I still do but I only keep the 5's and 10's. Last year my piggy bank or 'cow' bank to be exact, reached 5k and that what I used to buy gifts last Christmas.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

Wow that's big you really save for your gifts.

@god_is_good (683)

• Philippines

23 Jan 13

I am truly in admiration for what you have done and what you will be doing, saving money coins in a piggy bank. I also do that. When I get home and I had loose coins, I put it in my piggy bank. I use it during emergency when I don't have money for fare and other circumstances. It matters not whether we save big or small but the most important is that we can save some of our earned income.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

Yup nowadays it is better to save than be expensive.

@911Ricki (13588)

• Canada

23 Jan 13

I still do this, I will throw loose change in a jar, and just leave it. I counted mine back n November I had $75.00 in change which bought my months worth of groceries.

2 people like this

@lynboobsy11 (11343)

• Philippines

23 Jan 13

That's great how I wish that I can save this year from coins. I already started yesterday I encourage my daughter to put some of her coins too.

@edvc77 (2140)

• Philippines

23 Jan 13

Yes, I'm still saving coins in coin bank and my son has it too. I still believe that one can use it in many ways especially for emergency. You'll never how much it will cost too when it is full. You will be surprised.

2 people like this

@lynboobsy11 (11343)

• Philippines

23 Jan 13

Yes that's the exciting part when its time to bring it all out and count.

@pomwango (1353)

• Kenya

23 Jan 13

i love saving coins because they always come in handy when am broke.i rarely get to taking the money to the bank because as soon as i get broke i go there,i think the point is to have money for a tough day so if this will help me all the better.

2 people like this

@lynboobsy11 (11343)

• Philippines

24 Jan 13

Good luck to us in saving coins.