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Loose Change Account

July 1st, 2017 at 09:22 am

Ok. I have been thinking about this for a long time. On my dresser is a canister about the size of a can of coffee (not the big fatty, rather, the normal refill size). Whenever I have any spare change, which is rare as I usually do not carry/use cash, I toss it in. I am always scouring the ground for "droppings" and sometimes, hit on a few pennies. This morning, while reviewing my cash rewards via my new Capital One Quicksilver account which pays 1.5% on all charges, I noticed that after only two weeks of usage with a total balance paid of $205.00, I have earned $3.06. Theoretically, this could net me about ~$6.00/month. Not a lot, however, $72.00/year supports some nice stocking stuffers!!!!! I'll take it.

At any rate, I was thinking, do any of you have tips or tricks to capturing small earnings? Little things that require little to no commitment and/or efforts other than bending, stooping or surfing?

I look forward to your brilliance.

5 Responses to “Loose Change Account”

  1. creditcardfree Says:

    I make a point to save all interest rather than spend it. All earnings from surveys, rebates, Swagbucks, and credit card rewards get saved in our savings account as well. I'm not tracking very well this year, but if you look on my blog under Snowflakes you will find a lot of ways I capture extra/found money.

  2. ThriftoRama Says:

    I try to pay cash for everyday things, like groceries and eating out. It helps me stay on budget, and then I DO have change to put in the change jar.

  3. rob62521 Says:

    Good job on the extra $72. If you use coupons or rebates, that is a good way to save. Instead of just going with the discount, put the money you saved into a savings account. Do you have a Christmas Club Account? We have one and we put in a set amount each month when we get paid and then any extra funds such as change or rebates we divide between it and our vacation account and our home improvement account. It's kind of thrilling to see the totals accumulate month by month.

  4. crazyliblady Says:

    Every week, when I go grocery shopping in the summer, I get funds from the atm for purchases at the grocery store. I sometimes also have some other cash left in my purse also. Whatever cash I have I funnel to my grocery store bill when I go shopping there after leaving the farmer's market. The amount ranges widely as a couple of dollars to nearly $20. I make a payment equal to that amount to my cc #1. Also, when I charge something to my cc #2, which gets me rewards, I cash in the rewards to cover part of the purchase and then make a payment equal to that amount to cc #1.

  5. PatientSaver Says:

    Well, someone here said earlier you're going to get a very diverse range of opinions and feedback on stuff, and just reading what some of the others have said I guess confirms that.

    While others use cash to pay for everything, I've been using credit cards as much as humanly possible so I can earn rewards points. And of course, I'm a big fan of those upfront credit card bonus rewards. I just finished one with Wells Fargo where I charged $1,000 in the first 3 months of use to earn $200 cash. This for me is the equivalent of "little things that require little to no commitment and/or efforts" since I have to pay my bills anyway, so why not make those bill payments work for me?

    This won't work unless you're very disciplined and can pay off your credit card bills in full every month, and have a higher credit score to qualify for the best cards.

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