Fill Your Money Box or Maybe Just An Old Tin

It is not hard to fill a money box up with all your spare change you have hanging around the house.

This is a very simple task that anyone can do to save money. Also a money box does not have to be anything fancy though.

Recycle and Make a Tin money Box

Find yourself a large jar or tin and make a hole as big as a 50c piece. Place the tin where you are most likely to see it, and any time that you have loose change in your pocket or purse after shopping, empty the contents into your tin.

This will save you money as the coins won’t get lost down the back of the couch or dropped on the floor never to be found again.  Your hard earned cash is safe and sound in its tin money box.

Seal the tin

Make sure that you cannot retrieve the money from the tin.  It is not Start your tin in January and by the time December comes and you need some Christmas cash, break into your tin and take your tin to the Bank and change it for notes and it will surprise you how much money you have saved over the year.

Money Builds Up

A friend of mine followed this plan and all the coins from the entire family went into the tin.

Now either they did a lot of shopping or the tin must have been there for a number of years, but by the time they took the tin to the Bank they had accumulated $10,000 worth of change.  I don’t expect most people would collect that amount of money, but at least $250 would help with all those extra bills at year end.  So go and find your tin or jar and start SAVING money now!!

Comments

  1. Ben Johnson says

    Hi Mitz,

    I did this last year with a sealed “piggy bank” that I bought from our UK pound land. I managed to save around £150 in loose change ($220) over the period of 8 months.

    Brilliant idea.
    Ben

  2. Grady Pruitt says

    I didn’t seal mine, but I’ve used the same idea. A couple of years ago, I took a peanut butter jar that we were going to get rid of anyway. I cleaned and washed it out. Then I put it on my dresser. At night when I come home, I put my change into the jar. I found that by doing this, I was filling it up about every 3 to 4 months with anywhere from $75 to $125.

    After reading T. Harv Eker’s Secrets of a Millionaire Mind, I saved another peanut butter jar of the same size and cleaned and washed it. Now, with the two jars, I labeled one Financial Freedom jar and the other one my Play jar. I split my change between the two now as close as possible (though if I have extra, I put it in the financial freedom jar). I haven’t fully filled either (I expect that will take about 6 to 8 months), but the play jar, I can do whatever I want. But the Financial Freedom jar will be used to start building my wealth. Initially, I’ll be saving it, but later on, it will be a part of my money set aside for investing and growing my wealth.

    It’s a great tip and I think it would work really well, as long as you don’t “dip” into it whenever you need money. I find I just toss it in and forget about it until it’s full, but I’ve developed that into a habit. Others may need more of the sealed tin approach. But it does work!

    Thanks for sharing!

  3. TracyAnn0312 says

    I did this before but it does not work because every time I earn money, I end up spending it paying for our daily expenses.

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