Comments on: Rolling Coins Can Teach Your Kids The Value Of Saving Money

By: » Kids Can Teach You To Be Frugal | PT Money

» Kids Can Teach You To Be Frugal | PT Money — Wed, 18 Nov 2009 20:16:28 +0000

[...] and waiting to buy an item when they have cash in hand. Take the piggy bank to your local bank or roll your coins and allow them to see how much money they have [...]

By: Manshu

Manshu — Fri, 06 Mar 2009 03:42:24 +0000

Very good, simple, honest and straightforward advice.

By: Scott

Scott — Thu, 05 Mar 2009 18:21:47 +0000

@ 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.

By: Craig

Craig — Thu, 05 Mar 2009 17:55:57 +0000

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.

By: John

John — Thu, 05 Mar 2009 15:35:19 +0000

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.

By: Miranda

Miranda — Thu, 05 Mar 2009 13:57:27 +0000

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.

By: SuburbanDollar

SuburbanDollar — Thu, 05 Mar 2009 13:49:14 +0000

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.

By: Greener Pastures

Greener Pastures — Thu, 05 Mar 2009 12:58:44 +0000

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.

By: MacNessa

MacNessa — Thu, 05 Mar 2009 11:54:08 +0000

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.