What Are You Doing With Your Spare Change?

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When I was growing up, I remember a large vase that our neighbors kept near their front door. It was full of loose change. I imagine that they came home from making a purchase and transferred that rattling change from their pockets to that clear vase in the living area. What they did with it, I have no idea, but I’m sure they knew what they were saving for.

Since my wife and I have been using mostly cash for our purchases (it’s easier to stay accountable that way), we decided that our loose change will go into a jar of our very own. We know what the money is for, but if we had to put a label on it, it would read, “Travel Gas Money”. When we get to a certain stage with our finances, we have decided that we are going to take a trip (the trip has yet to be decided) and since gas is a definite expense, we figured our change could help us fund it.

It’s not the most exciting thing in the world, but your change could go toward anything you want! It could be a new TV, or a movie rental, or maybe it can fund a large pizza for those fun, pig-out nights!

Do you have a change jar? What are you saving up for?

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Money

Derek

AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

1 Comment

  1. That is a wonderful way to save for something if you use cash a lot. We use a credit card that we pay off monthly so we never have any extra charges. We keep all of the receipts for purchases and I reconcile them with the statements. It keeps track of our purchases and we have a paper trail. This works for us. Now, we have a granddaughter that has left a piggy bank at our house that she cleans out whenever she comes to visit so when grandpa does use cash for something, the change goes to her piggy bank. Smart granddaughter, don’t you think? We have 9 grandchildren and she is the only one that thought of it!


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