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Take A Vacation On Your Spare Pennies, Nickels, Dimes, And Quarters.

Updated on January 16, 2010
Don't Throw That Spare Change Away! Make It Work For You.
Don't Throw That Spare Change Away! Make It Work For You.

"A penny saved is a penny earned," so goes the old adage. If this is the case, than why do so many of us discard our spare change as if it's absolutely worthless?

Take for instance what took place in Massachusetts in 1996.

Due to a shortage of pennies, banks were experiencing a massive shortage to the point that the Key Bank of New York offered 55 cents to anyone who brought in 50 pennies.

Though this may not have seemed to amount to much, in "Massachusetts (alone), one large garbage treatment center was reported to have collected $1,000 every day in small change - mostly pennies - by (simply) sifting through the ashes," so reported The Sunday Times of London.

This really makes you stop and think about where all that spare change we individually discard goes.

With money as tight as it has been, isn't there a better way we can make that spare change work for us?

* Get A Piggy Bank, Make A Vow, And Watch The Savings Pour In.

I've heard several stories where individuals have taken vacations funded by their spare change.

These weren't vacations of the substandard kind either. These were the type of vacations you'd easily give a four or five star rating to.

Curious to see for myself if this could be done, about a year ago at the very start of that year, my husband and I sat aside an industrial water jug, and vowed to put every bit of loose change we came home with in the jug - which was to be left untouched.

Anytime we'd break a bill, we'd put the change in the jar. Pennies, nickels, dimes and quarters, it all went in that jar. Occasionally a dollar bill or two would get thrown in for good measure, but over 97% of the spare change that went in that jar was coins.

In addition to putting money away in our industrial water jar bank, at the beginning of that very year, we signed up for the "keep the change" program at our local Bank Of America.

This program helped us save an substantial amount of money - just electronically.

Each time we purchased something with our Bank of America Check Card, they would round up our purchase to the nearest dollar amount and transfer the difference from our checking account to our savings account.

It's Vacation Time!  courtesy of clipartguide.com
It's Vacation Time! courtesy of clipartguide.com

* Break Out The Piggy Bank, And Let's Go On Vacation!

Well, the time had come to break out the piggy bank, wrap the coins, take them to the bank to exchange them for bills, and relish in our yearly savings.

How much did we save? - Astonishingly enough, in just a years time, we had saved over $700 in our makeshift bank, and a little over $350 with the "save the change" program, for a total savings of $1,050!

Now it was vacation time!

Our destination? - Orlando, Florida - with two toddlers in tow.

Since we vacationed during the summer, things were a little more costly than if we had gone during the off season. Nevertheless, here's how we spent our money:

  • Approximately $500 went to our five day, six night hotel stay.
  • $150 went to activities such as movies, museums, and other attractions.
  • Close to $300 was used for eating out - breakfast, lunch and dinner.
  • The remaining $50 for miscellaneous items such as snacks on the road, souvenirs, etc.

With all the major expenses taken care of, the only out-of-pocket cost we had to worry about, was about $140 used for keeping gas in the car.

Looking back, I'm pretty positive we could have made that money stretch a little further, but all in all, I think we were pretty successful.

* If We Can Do It, You Can Do It Too.

If a one income household can fund their family vacation on spare change, than anyone can do it.

As astonished as I we were at just how much we had saved, we were that much more surprised when we saw first hand, what our spare change could truly accomplish.

Think about it. With all that spare change just laying around, you could open up a savings account, catch up on outstanding debts, purchase groceries, even set up a trust fund. The possibilities are truly endless.

So the next time you think about dismissing that penny, nickel, dime, or quarter, stop and reflect on all the great things you can accomplish with all that wonderful spare change.

Who knows? You just may be able to take that much needed vacation - all funded by your spare pennies, nickels, dimes, and quarters..

copywrite © 2010

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    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      7 years ago from Georgia

      I feel the same way BkCreative - it gives me a sense of empowerment. I understand what you mean by not seeing enough cash since we tend to use our debit cards and direct deposit. This is what I've tried: 1.) my girls and I pick up coins we see on the ground when we take our daily walks; 2.) we will save the coins their grandmother gives them on occassion from tips she makes from working; 3.) my hubby will at least pull out ten dollars to carry around in his wallet when he does not want to use his debit card (or in the event he runs into a business that does not except debit or credit cards - believe it or not their are still a few - or in the event the business debit or credit machine is not working) for the week and place the change from what he spent in the coin jar; and 4.) you could do it electronically by signing up for "save the change" program several banks may offer. I know "bank of america" is one of the banks that offer this program and have been able to put a substantial amount in our savings as well.

    • BkCreative profile image

      BkCreative 

      7 years ago from Brooklyn, New York City

      By the way, having that jar filled with change makes me feel...well more secure for some reason.

      Maybe because I just don't see money often enough. When a check is deposited to my accounts well then I use a debit card in the supermarket or pay a bill online - I am just not seeing enough cash. Well this can't be good.

      How can we attract money if there is no money laying around to pull it in? I really need to get to work on this coin jar.

      Thanks for this hub. It all adds up.

      Rated way up!

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      7 years ago from Georgia

      I tell you ListLady, it really helps. I've learned a long time ago not to get rid of that loose change. THanks for stopping by.

    • TheListLady profile image

      TheListLady 

      7 years ago from New York City

      Ok this will work. I want to take a vacation in April - and if I start now in November by then I'll have something even if it's just $100.00 - I'll be ahead.

      Thanks for this pep talk. Yay!

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Ohh, I so agree with you there. Thanks for the compliment. When saved up for over a period of time, loose change can really do an abundance.

    • profile image

      TheDisneyVacation 

      8 years ago

      Nice tips!

      People should start to consider what could saving loose changes can do in the long run.

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Thanks lynnechandler for stopping by. It's amazing how fast the change adds up.

    • profile image

      lynnechandler 

      8 years ago

      Veronica this is an awesome idea! I actually do have a jar I started at the beginning of the year for my change. I also have a slot in the car where a good bit of it lands and has to be cleaned out periodically. I can't wait to see what I have at the end of the year.

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Thanks for stopping by habee. Yeah, this form of saving really works. I can't wait to see how much we save this year.

    • habee profile image

      Holle Abee 

      8 years ago from Georgia

      Great hub! I save all our spare change in a big jar. It really adds up!

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Thank you so much Tina V for stopping by and leaving your personal experiences regarding saving those often thought of insignificant coins. It just goes to show you just how quickly they add up. I'm so glad you liked the hub.

    • TINA V profile image

      TINA V 

      8 years ago

      I also keep pennies, five cents and dimes in our money jar. We use it for emergency purposes. There were also instances that we used it to have a special family dinner. You have shared a great way to save and spending it wisely. I like this hub. Have a great week!

    • joyceann0129 profile image

      joyceann0129 

      8 years ago from philippines

      welcome^^

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Thanks for stopping by joyceann0129.

    • joyceann0129 profile image

      joyceann0129 

      8 years ago from philippines

      great share^^

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      I feel you fastfreta. That's why I've been busting my hump trying to find alternative sources of income. I hope things turn around for you really soon. Thanks for stopping by, hope to see you soon.

    • fastfreta profile image

      Alfreta Sailor 

      8 years ago from Southern California

      I love it Veronica. I once did something similar. When I was in business I would turn between 10 & 20 dollars, from each check I deposited, into change. I managed to "save" over $1200.00 in four months. Now, however, I don't have two nickles to rub together, much less saving loose change. LOL! But believe me when I am in that position again I will implement your plan.

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Thanks so much vannarith and sarovai for stopping by and leaving a comment. Vannarith, I'll check your blogspot out.

    • sarovai profile image

      sarovai 

      8 years ago

      Very good start for childrens.Thank u for sharing.

    • vannarith profile image

      vannarith 

      8 years ago

      Nice, Veronica, i will need to try it .

      can anybody vote for me here,,, http://www.3dwallpaperdownload.blogspot.com/

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      So that just goes to show, that spare change does add up, and that it has the potential to do a lot. Thanks for sharing your personal story with us Quicksand, and thank you for stopping by. It's good to hear from you.

    • quicksand profile image

      quicksand 

      8 years ago

      Well you know, when I first opened my office, my fax machine was purchased with coins and currency notes I had collected over a period of six months!

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      I don't blame you about being wary of giving out all your personal info. My husband and I had already had accounts opened with them, so it took a simple confirmation from us to sign on to it. And as always, the old-fashioned piggy bank works great too. Thanks so much for stopping by.

    • Paradise7 profile image

      Paradise7 

      8 years ago from Upstate New York

      Yes, Veronica, you're so right. I thought about the "keep the change" program with Bank of America but they wanted me to post a lot of personal info online and I'm wary of that. I like the good old-fashioned piggy bank better!

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Nicks, you hit the nail right on the head. Thank you so much for stopping by and leaving a comment.

    • profile image

      Nicks 

      8 years ago

      An old English saying was: 'look after the pennies (cents) and the pounds (dollars) will look after themselves' - exactly what you are saying...

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Thanks for stopping by Hello, hello. I myself never thought of this until I started hearing about how some aquaintences of mine were taking vacations on their spare change. So I decided to give it a try. And from what you've read, it's possible.

    • Hello, hello, profile image

      Hello, hello, 

      8 years ago from London, UK

      A very interesting hub of which I never thought about. Thank you for the good read.

    • Veronica Allen profile imageAUTHOR

      Veronica Allen 

      8 years ago from Georgia

      Thanks for stopping by creativeone. This really works, my husband and I are a true testiment to that. I hope it works well for you. You'll be suprised at just how much you save.

    • creativeone59 profile image

      benny Faye Douglass 

      8 years ago from Gold Canyon, Arizona

      Hey thanks Veronica, great hub and g idea, I think I will try it myself. thanks for sharing. Godspeed. creativeone59

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