In a comment to a previous post, reader Isabel shared her tip in saving up small change which leads us to our newest Money Tip here on MWS.
Save your small change.
I have a bad habit of leaving coins lying around the place. Since coins are heavy and bulky, I sometimes empty them out of my wallet so it doesn’t make my bag too heavy. I used to leave them on my dresser until one day, I scooped them all into a container. Thereafter, every time I had small change I wanted to empty out of my wallet, I’d empty it into that container.
It acts as a very basic form of savings and it adds up without you even realizing it. By the time your container is full, you’d have quite a tidy sum in there that you can take to treat yourself with.
I use this loose change to treat myself to a nice meal now and again. It might even buy you that new lipstick that you are coveting and you’d really be saving for it without even thinking.
For us here in Malaysia, our coins go up to a maximum of 50 sen so whilst putting away the small change might not seem like a lot, you might just surprise yourself. If your coin denominations go higher, boy are you in for a treat! 😉
So your finance challenge from now is to get yourself a container, and keep away your small change. You will lighten your wallet in the short term, but have a nice tidy sum to look forward to in the long term that can buy you something nice!
Try it and see 🙂