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Positive saving penny stories?

16 replies

iLoveFoood · 29/12/2018 19:15

New Years resolution is to buy a piggy bank and actually use it correctly. I always end up taking the money out a few weeks later!

Can I ask for positive penny/pound saving stories?

OP posts:
crosser62 · 29/12/2018 19:20

I save every 50p coin and every £2 coin in mine.
Every time I get £20 in 2’s or £10 in 50’s I take it to the bank and put it into s little savings account.
Saved just over £300 last year.

Iamclearlyamug · 29/12/2018 19:21

I've got the most amazing cheap piggy bank from B&M. It was meant to be able to be opened with a can opener, but omg that was impossible! My mum had to use an electric saw to get into it 😂😂 sparks everywhere! So if you really want to save and not take money out then buy one of them 🙈🙈😂😂

Onlyjoinedforthisthread · 29/12/2018 19:23

I try to empty my pockets once a week and put the coins in a jar, it adds up but sadly not possible for every one

Somewhereovertherainbow13 · 29/12/2018 19:27

Agree to using a tin that you can’t open. I started one last January and saved nearly £500 between then and the start of December. I just put in any spare change I had but had to 50p or more and then any money I saw as a bonus - from selling sites or borrowed money that was returned when I didn’t desperately need it for example

Annandale · 29/12/2018 19:29

Not really, but my bank does 'save the change' where they round up every debit card purchase and put the change into a nominated savings account. That's quite good.

IHopeYouStepOnALegoPiece · 29/12/2018 19:30

Every year I buy one of those pots you have to smash (£2.99 in B&M) and a tin you need to open with a tin opener (89p in B&M then about £2 for the dressings for the wound that comes from attempting to open it....)
£1 & £2 coins and £5 notes (then the odd £10/£20 note) go in the smash pot and everything else in the tin.

I generally have £80-£100 in the tin and have had £400-£800(!) in the smash pot when it’s totally full

jinglewithbellson · 29/12/2018 19:32

Am going to save all my loose change and tips in one from 1 jan.

Saved loose change and the odd note between jan and April last year and had £300 in it Shock so this year am going to have two on the go

iLoveFoood · 29/12/2018 21:30

@Annandale is that a revolut card or something?

I have one of these Tin piggy banks, looks impossible to open, so should be perfect for saving! 😂

OP posts:
PatPhoenix · 29/12/2018 21:32

No card, it's just a thing that Lloyds does. You have to activate it via the website I think, or IIRC you can have it set up by a branch.

PatPhoenix · 29/12/2018 21:32

Oh sorry, mid-thread name change!

Katedotness1963 · 29/12/2018 21:35

We had one of those small ceramic jars. We put £2 coins in it and saved £780 over two years. It would have held more but I picked it up to clean under it and the weight broke it.

Now we have a loose change jar and a $5 jar. But it's slow going as we mostly use the debit card now.

Bambamber · 29/12/2018 21:36

I try and pay for most things in cash. I budget and take money out at the beginning of each week, at the end of the week any money left goes in except I always keep a couple of quid in change.

Sitranced · 29/12/2018 21:48

Jack Daniels bottle is just wide enough for 5pence piece and holds about a hundredish quid. It's just a pain in the arse trying to empty it all out again that you can't be bothered till it's full.

SilverySurfer · 29/12/2018 22:00

I remember reading on here last year about the 'penny a day' savings plan.

If I recall correctly, you save an extra penny each day, so Jan 1st is 1p, 2nd is 2p, and so on up to £3.65 on 31st December. It obviously means a large amount being saved in the last month but some people wrote down 1-365 and ticked off what they paid into the pot and found it easier to pay some of the larger amounts earlier in the year to spread it out a bit.

I can't see many people lasting out until 31 December, I bet most opened the pot to use the money for Christmas.

Returning2thesceneofthecrime · 29/12/2018 22:16

I second the idea of a bottle.

I used to live in a country where notes were used instead of coins. I pushed them into a champagne bottle and saved the equivalent of well over a hundred pounds. The downside was that champagne bottles seem to be much tougher than wine bottles, possibly because of the pressure of the wine. I tried everything I could think of to break into that thing safely. In the end, I fished the notes out using a bent coat hanger.

A JD bottle sounds much better!

DH has been using a piggy bank we were given we we opened a new bank account. I am counting the pennies today and we are using that for upcoming anniversary treat.

ChipInTheSugar · 29/12/2018 22:20

Someone on FB (I think he's called Skint Dad) does a savings thing where you save 1p on the 1st Jan, 2p on the 2nd etc

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