Money Makes the World Go Around

Fiesta porcelain piggy bankMoney. It doesn't really make the world go 'round, but it also doesn't hurt to have a stockpile just in case. Everyone knows the global economy has been a rough place lately; there's nothing I can say that you haven't already heard. If you want to learn more, check out our selection of books on money and the economy. If you've got that end covered, it's time to move on to other strategies. That's where I can help.

 

My favorite way of saving money (after traditional methods, of course), is piggy banks. I didn't mean to start collecting them, but somehow I did. And now I've got bunches of them in bright colors, in costumes, carved out of wood, hand-painted by relatives, … and I love every one of them (except the weird blue plastic one with a sort of melted face, but even that one I keep around). I think the collection started when people realized how much I like pocket change; a day I can convince someone to give me a quarter is a good day indeed. People first tried to tempt me with change counters, electronic banks and other educational toys, but piggy banks are the way ahead. The whole point is not knowing how much you've accumulated; then it's a pleasant surprise when you cash in your nickels and dimes.

 

Once you empty out the piggy bank, you're faced with cashing in your coins. You can buy paper coin wrappers and count coins by hand or invest in a coin roller to wrap them for you. Once you have your loose change secured in rolls, you can take them to the bank. As you're rolling, or even before you drop your pennies in the bank, take a close look and make sure you don't have valuable or collectible coins in your possession; your coin collection might be more valuable than just face value.

 

Those who study the science of coins, or, more specifically, the science of currency, are called numismatists. If you're interested in learning more, do some reading on how to get started and then get to work!

 

There you go -- money-saving advice and a new hobby all in one. I know piggy banks aren't the most efficient way to save; what are your tips? Or, if you're a novice in that field, what hobbies do you spend your money on instead of tucking it safely away?

 

 

Posted by Jessica Gezon

Jessica Gezon

 
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Comments

Oct. 5, 2010 at 8:10 AM

My piggy bank is my semi-serious retirement plan, which consists of dumping my spare change into it every day. This probably amounts to about 1 cent out of every dollar.

Oct. 5, 2010 at 9:43 AM

I used to have an AWESOME Kool-Aid man piggy bank that only had pennies in it because I would use all the quarters on bouncy balls. It had quite a bit of money in it when I actually dumped it out this year. I was shocked!

Oct. 5, 2010 at 11:35 AM

My favorite piggy bank growing up was a Kermit the Frog bank. The plug in the bottom was pretty much impossible get out though, so I always had to try and shake coins back out of the slot in the top.

Oct. 5, 2010 at 11:37 AM

My Dutch friend sent me a silver piggy bank for Sinterklaas last year, which is a holiday that is celebrated on December 5th. Everyone exchanges small gifts and sings songs and eats specific foods. There are games for exchanging the gifts similar to the gift games we have in America. I gave my husband a change-sorting machine one year for Christmas. It even places the coins into the correct paper tubes for exchanging at the bank, but he has yet to use it, so change is found everywhere in our apartment.

Oct. 5, 2010 at 12:45 PM

I have never amassed enough change to need a piggy bank. Change is real money! I spend it.

Oct. 6, 2010 at 11:03 AM

I knew a guy who was a welder for the navy, and he would weld himself steel boxes that he'd but his change in, and the only way to open them was to take them back into work and cut them open with a torch.

Oct. 6, 2010 at 4:17 PM

I've always loved my Snoopy glass bank. It's full of pennies, but doesn't have a plug. Now it is just a very heavy paperweight.

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