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» Kids Can Teach You To Be Frugal | PT Money
November 18, 2009 at 1:16 pm
4 Tips to Help You Change Your Spending Habits After College
June 8, 2011 at 8:11 pm

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1 MacNessa March 5, 2009 at 4:54 am

Yep – and it’s full to capacity, keep meaning to open it up and sort it, here, they get ‘bagged’ not rolled but I keep forgetting! Must do that this weekend. It’s going into the kids accounts.

2 Greener Pastures March 5, 2009 at 5:58 am

I bet the younger kids, especially, love this! When I was a kid, I remember how fascinated I was with saving and rolling my own coins, then bringing them to the bank and depositing them into my own bank account with my parents. I had a paper route, so there were lots of coins to roll.

3 SuburbanDollar March 5, 2009 at 6:49 am

I do this with my son as well, but where do you get the coin rolls? We have a ton of change and no rolls, it almost seems counter intuitive to buy rolls, but then I don’t know how much they would cost.

4 Miranda March 5, 2009 at 6:57 am

This is great! Just yesterday I got some coin roll papers, and my son and I are going to add up what he has in his savings jar and his spending money jar. He wants to see if his spending money jar has enough to buy the Transformer he has his eye on. If not, we’ll get the calendar down and see how many more weeks he needs to save his allowance to get what he wants.

5 John March 5, 2009 at 8:35 am

Coins also give kids a physical representation of money instead of the “magic” credit card that parents use. They can actually see the process of saving money and spending it and it teaches them to spend what they have.

6 Craig March 5, 2009 at 10:55 am

I always would save loose change in a zip lock bag, and just let it build up still I thought it got too heavy. Then would cash it in, a nice way to make a quick $30-$50 one random day. I have found some banks have this service for a small $1 or so fee, for me it’s worth it. The problem with rolling coins is if you can’t fill the roll, you can’t exchange the money. But saving the coins is a very solid tip for kids.

7 Scott March 5, 2009 at 11:21 am

@ Suburban Dollar

Your local bank will give them to you for free. If you only bank online, you could ask a friend if they have some or can get some from a bank. I’ve priced the rolls at Staples and you don’t want to buy them. Like you said, you would be paying for something that should be free from a bank.

8 Manshu March 5, 2009 at 8:42 pm

Very good, simple, honest and straightforward advice.

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