A dike of a thousand miles can be destroyed by a single ant hole. In terms of savings, every small savings is the foundation of future wealth. Nowadays, many people use a piggy bank to save loose coins and bills. But what do you do when the piggy bank is full? In this article, we will share some useful tips to help you empty your piggy bank and deal with the coins and bills inside.
First, let's discuss how to deal with a jar full of coins. Most savings jars will have a bunch of loose coins inside, which may be leftover change from pockets or wallets, or loose coins found around the house. Over time, the savings jar will fill up with these coins. Here are a few good methods to help you easily deal with these coins:
Sort and deposit coins: You can sort the coins by denomination, such as sorting them into $1, 25 cents, 5 cents, etc., and then deposit them into the bank. This is the simplest and one of the best methods. Go to the bank and get a bag and label, put the sorted coins in the bag, write the label on it and hand it over to the teller. The bank will calculate the amount of the coins and deposit it into your account. The downside is that manually sorting the coins by denomination is time-consuming and can easily make people lose patience.
Make a donation: If you find the first method too cumbersome and believe in doing good deeds to bring good luck, you can choose to donate the coins directly to a charity organization. This is also a very simple method. You just need to put the filled coin container directly into a bag, without the need for tedious sorting, and then take it to a local charity or church. They will appreciate your kindness and donation and use your gift to support other disadvantaged groups in need.
Consider to buy a home-use high-speed coin counter machine: High-speed coin counter can count thousands of coins accurately and efficiently, sort them by size, and save you a lot of time and energy. When the savings jar is full of coins again, you can continue to use the coin machine to count them, which is very convenient and practical.
Get change at a supermarket or mall: You can take a lot of coins to the supermarket or mall to buy things and use coins for change, which can lighten your burden. But please note that don't go during busy times to avoid causing unnecessary trouble to the merchants.
Exchange coins for bills: If you don't want to spend the coins, you can try to exchange them for bills. You can go to a bank or currency exchange and they will exchange the coins for bills. Or use self-checkout machines. In some supermarkets or malls, you can use self-checkout machines to check out, so you can easily convert coins into bills.
Sell coins online: If you have some special and valuable coins for collection, you can consider selling them online. You can sell them on eBay or post information on coin collector forums.
Make DIY crafts: If you like DIY, you can use coins to make various crafts. For example, coin art, coin bracelets, coin necklaces, etc.
Now let's continue discussing paper money. Like coins, the scattered bills in your piggy bank will increase over time, but finding a practical use for them may be more challenging. Here are some tips to help you deal with your full jar of bills.
- Deposit into a bank: This is the easiest method. Simply go to the bank and deposit the bills into your account for easy use when needed. This method ensures safety and convenience, while also earning interest. Note: Before heading to the bank, it's best to organize your banknotes and determine exactly how many you have to check for any errors in the bank's count. You can choose to manually sort them or use a mixed denomination money counter machine to accurately and efficiently count them if you find it too cumbersome.
- Exchange for coins: If you don't like using bills, exchange them for coins. This method makes it easy to manage your loose change and saves time when making small purchases.
- Buy gift cards: Some stores offer gift cards that you can purchase with bills. Use them for your own purchases or give them as gifts to express gratitude and care.
- Donate to charities: Similar to the coin method, you can also donate your bills to charity. This not only helps those in need, but also reduces your tax burden.
- Pay small bills: You can use your piggy bank bills to pay for various bills, such as utility bills and phone bills, to avoid forgetting bills and late fees.
- Invest in products: Transform your bills into investment products, such as stocks, funds, or real estate investments, to increase your wealth and earnings. However, be mindful of the risks.
- Save for emergencies: If you don't think it's necessary to deal with the bills in your piggy bank immediately, consider storing them in a safe place for unexpected medical expenses or car repairs. You can also buy another piggy bank to save more loose change.
- Create artwork: If you have some creativity, use your bills to create art, such as origami or paper cutting. This not only exercises your crafting skills, but also brings you joy. Though the cost may be a little high, isn't life all about enjoyment?
In conclusion, whether you're dealing with loose coins or bills, there are many ways to make the most of your savings. Whether you choose to donate to charity, invest in the stock market, or use the money to pay bills, every small saving can make a difference in the long run.