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| | #11 | |
| Member Join Date: Jan 2008
Posts: 73
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Reputation: | Quote:
I would love to have seen the car salesman's face when presented with all those rolls of change =) | |
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| | #12 |
| Senior Member Join Date: Jul 2008 Location: NYC
Posts: 150
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Reputation: | Interesting story. I just do laundry and try to use up the rest. Put the rest in a piggy bank for the kids |
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| | #13 |
| Member Join Date: May 2008
Posts: 60
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Reputation: | Coinstar charges a fee, don't they? I would roll up the coins and bring them to the bank. You get 100% of the value of the coins this way. |
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| | #14 |
| Wise Bread Blogger Join Date: May 2007 Location: North Carolina
Posts: 406
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Reputation: | Some CoinStars have the option to convert change to a gift card without paying the fee. My husband is just like Mr. Brant -- he makes change but doesn't usually spend it. Though I do and wrote about it a while back: Making Change Count with discussion of options for using change; quarters are easy to count, store, and use nearly anyplace but smaller coins are trickier though usable. Still, we would generate about $200-400 per year in change rather than $1905 (average) that Mr. Brant would have had to save over 14 years unless he had some left over from the previous car purchase in 1994. Still, a great idea to say I won't buy a car until I can pay for it in coins! |
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| | #15 |
| Member Join Date: Dec 2008
Posts: 38
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Reputation: | I saw this on Digg. This guy is crazy. If you go buy a newspaper from a newspaper stand, you can just ask that they switch your $20 of coins into 20 bills. The stand will appreciate it as they wouldn't have a need for big bills. |
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| | #16 |
| Wise Bread Blogger Join Date: Jul 2007 Location: Champaign, IL
Posts: 199
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Reputation: | Around here, most banks will count your change for free, if you have an account with them. We save our excess change in a coffee can and lug it over when it gets up to a substantial weight. (Mostly just the pennies, nickels, and dimes. The quarters usually get spent on newspapers and the like.) It adds up to a tidy sum two or three times a year. |
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| | #17 |
| Junior Member | I think this is taking frugality a bit too far. But more power to him for being able to do this. I think it would be very hard in this society to buy a new car in cash. I'm okay with having to finance, if that's what it takes to get a quality ride. |
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| | #18 |
| Junior Member Join Date: Jan 2009
Posts: 1
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Reputation: | I admire this man for having the discipline many of us Americans (a country of under-savers) don't possess. I think it's best to buy a used car with no payments, but a lot of people don't even want to be seen in a used car I certainly would love to spend cash upfront on a brand new car. Two! - at that. No car payments! Cool thing was because he used quarters, it didn't take long for him to do it. Personally, I wouldn't have done it the way the man did. I would have gone to Commerce Bank once a year and cashed in the coins or taken the loss from a Coinstar machine and cashed them in, then put the money in an interest-baring IRA. Last edited by violetdawn68; 01-10-2009 at 06:42 PM. Reason: grammar error |
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| | #19 |
| Member Join Date: May 2008
Posts: 60
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Reputation: | I oftentimes put my change gathered during the day in a coin bank, but what I do to make sure I always have meter money is to have a change purse in the glove compartment with quarters, nickels and dimes. |
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| | #20 |
| Member Join Date: Jan 2009
Posts: 32
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Reputation: | My change would never add up to that amount. I so rarely pay for anything in cash. It usually ends up in a tip jar or in a charity collection tin. |
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