wikiHow to Save Loose Change

Did you know that you can save hundreds of dollars by collecting the loose change in your pockets?


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    Go to a bank and get a bunch of coin wrappers.
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    Empty the change out of your pocket and into your piggy bank at the end of the day.
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    Do that every day until the piggy bank is full.
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    Separate the change into pennies, nickels, dimes, and quarters.
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    Count out 40 quarters, which is equal to ten dollars.
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    Put the quarters into the wrapper and twist the top to seal them.
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    Repeat until you don't have enough quarters to make a full ten dollars.
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    Count 50 pennies ($.50), 50 dimes ($5.00), and 40 nickels ($2.00) and repeat step number 6 with the appropriate wrappers.
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    Repeat steps 5 through 8 until all the change is wrapped.
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    Deposit the money straight into your savings account instead of trading it for cash.
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    Have some fun with your cash!


  • Save multiple piggy banks full and do it all at once; you seem to get more that way.
  • There are also many other places to find loose change, like in between the couch cushions, underneath the seats of your car, and on the street (if you keep your eyes peeled and are willing to pick them up!).
  • If you are a server, save all the coins you get--don't trade them out. You can make a lot of money in a month by saving every coin you get, and it won't actually impact your nightly tips too much.
  • Instead of using piggy banks, you can also use empty,clean water bottles, or an empty jar.
  • Many banks would prefer to accept your coin rolls if you have an account with them. They may ask you to write your account number on the outside of the wrapper.
  • Check the coin dispensers from vending machines - especially the Coinstar machine. This is a great place to find wheat pennies, steel pennies, dollar coins, and foreign coins.
  • Learn a little bit about coin collecting and you'll learn to spot other gems as well.
  • Some banks and credit unions don't count change and have self-service coin machines. Just dump the change, get a receipt from the coin machine, and take it to the nearest teller.
  • Feel the ends of the wrappers to make sure they are even. If they are, then you have the right amount in them.
  • The raw metal in a nickel is worth 6 cents. The metal in a penny from 1982 or earlier is worth about 2.5 cents. Prior to 1965, dimes and quarters used to be made out of silver! Check out


  • Coinstar machines, that can be found in many supermarkets, are also an option. The machines accept coins, sort them, then give you a receipt to be redeemed for cash. The machines charge 8.5 cents per dollar as a service charge. However, you can avoid this charge by redeeming your coins for gift certificates to common retailers (e.g. Starbucks, Amazon, Borders, iTunes, etc.) In that case the charge is ZERO cents per dollar.
  • Coin counting machines can't necessarily count accurately. Anticipate a 2% discrepancy - but that might work to your favor.
  • Make sure you have exactly the right amount in a wrapper, or the bank won't accept it.
  • If your bank does not have a coin counting machine-ask if they will reimburse you for the 8.5 cents when you deposit your funds into your savings-they may reimburse all or a portion-it costs you nothing to ask.
  • Banks are generally reluctant to perform services for non-customers, but they may let you use their machine in exchange for a sales pitch on why you should switch your banking there.

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Categories: Budgeting