The Power of Spare Change

One of the perhaps most iconic hallmarks of the saver of money is the image of the piggy bank. After all, what is the purpose of a piggy bank? Well, it is a coin container used to store coins. Why would anyone store coins? Well, because people want to save them. Thus the piggy bank and saving money go hand and hand with each other both symbolically and literally.

Perhaps one of the best things you can do for young children (other than start a dividend investment account for them) is getting them a piggy bank. This way the art and power of saving money is instilled and learned at a young age, even if it is in its most basic sense. I did not have a “piggy” bank growing up per say, as it was not literally a pig. I was a fan of DuckTales as a child so I had a ceramic figure of Uncle Scrooge holding a large money bag with a coin slot on it. That is what I used that to store any coins I received or found. It functioned the same way and I watched my coins add up over time.

So I had a great experience as a child saving little amounts of money. This experience carried over into adulthood. I save all my spare change from the pennies to the quarters. Except today, I use a digital coin jar (pictured above) to hold all my spare change. I forget just when I started placing my spare change into the jar, but as of publishing this post the total monetary value of the jar is approximately $154.00.

My coin jar is pretty full now and it is time for me to cash those coins in. Plus or minus one or two dollars, I have managed to save over $154 in spare change over the past five to six months. All that small change added up to some huge dollars! So sometime this month (when I have the time to cash in) it will almost feel like getting a $154 bonus for the month.

So what to do with your accumulated spare change? There are numerous possibilities depending on how much you saved. Heck, you saved it and it’s yours to do with as you see fit.  You can spend it on a nice dinner with family or friends. Or you can go out and buy new clothes or shoes. You can spend it on food or supplies for your residence. Or you can pay down your debt whether on credit card or loans. You can continue to save it as part of an emergency fund should the need arise.

You can use your accumulated spare change to pay your monthly bills. The $154 that I managed to save would actually cover my phone bill, internet bill, and utilities bill for the entire month. And I would still have a few dollars left over. You can also put that saved money to work for you by investing it in quality dividend paying stocks. That way your one time spare change continuously generates even more money for you while you sleep.

I have yet to decide what to do with the extra $154 I have saved up. But as you can see, the more you save the more options you have. I am divided between two options for using this saved money.  The first is investing in dividend stocks and the second is buying a bookshelf for all my history books current sitting inside cardboard boxes in the corner. I am leaning towards the bookshelf just to get those boxes out of the way.

Is there a lesson here? Yes. Don’t underestimate the power (and value) of pocket change. What seems like a small amount, when saved, really does add up to large amounts over time. So it is best to save your spare change. You will be grateful when the time comes to cash in and you have extra cash to use as you see fit. How about you guys? Do you save up your spare change?


  1. Dividend Portfolio

    Hey great post Dynasty. I used to save with Digit and Qapital, but now I just use Digit even though they cost money on a monthly basis. I also use Acorns so that the money I save doesn’t just get saved, but also invested. Whatever method is used, I think saving your spare change is a smart idea.

    1. My Dividend Dynasty (Post author)

      Hi DP. Yes you are right, saving you spare change is a smart idea. I like that you use Acorns to invest that saved change. Someone mentioned Acorns to me a few months back, but I never got around to trying it. Thanks for your comment! 🙂

  2. Dividend Daze

    That is a good lesson. I too save my change. Usually cash it in about once a year. It really does add up. And I hate carrying it around with me so it just goes into the jar when I have it.

    Funny story, a few years back I actually stumbled upon my childhood piggy bank (was an actual pig shape). But it wasn’t fancy like the ones now with a plug to drain the coins when needed. No, this had one opening to put coins in, and zero to take them out. Ended up getting the satisfaction of breaking it open in my older age to see what was inside. A few bucks, a few really cool old coins, and a lot of Chucky Cheese coins haha. But they were from the year I was born so it is kind of a cool keepsake.

    1. My Dividend Dynasty (Post author)

      Hi Daze. That is a great story! I don’t know what happened to my old childhood Uncle Scrooge coin bank. I think it make have broken at some point many years ago. But it was good while it lasted lol. Thanks for stopping by! 🙂

  3. Dividend Diplomats

    Dynasty –

    I am a huge proponent of making every dollar and cent, for that matter, count! It all adds up to a bigger piece of pie, for sure. Thanks for sharing your story and background.


  4. My Dividend Dynasty (Post author)

    Hi Lanny. Yes! I could not agree with you more. Everyone dollar and cent counts! Thanks for stopping by. 🙂

  5. wealth from thirty

    Savings spare change great. It’s always amazing how much dollar value one can fit in a jar. It’s even kind of fun – in a nerdy way – to take the coins to the bank, exchange them for a deposit receipt and then think of those coins as throwing off extra cents in interest.
    BTW MDD, how awesome was duck tales 🙂

    1. My Dividend Dynasty (Post author)

      DuckTales was (is) awesome! 🙂 lol When I was young I would roll up the coins in the paper and bring them to the bank. Now I just use CoinStar. 🙂

  6. Mr. Robot

    I have all ways saved in a piggy bank when I was younger. In recent years I usually don’t have any cash on me, paying by card most of the time. But now every coin I do have goes into my kids piggy bank 🙂

  7. My Dividend Dynasty (Post author)

    Hi Mr. Robot! That is great. Your kids will see first hand the power of spare change saved up over time! Thanks for stopping by! 🙂

  8. Dividend Diplomats

    I love saving my coins. Like you, I have been doing it since my childhood and am always excited to deposit coins into my change jar. Like you, I have an electronic counter as well. We recently rolled the coins one rainy night before we moved and had $174 in that jar. I was shocked and was pumped to take those to the bank and cash them in! We actually used it as an extra principal payment towards our mortgage since we deposited it in the mortgage checking account. Whatever it is that you use it for, I’m sure you will put it to good use. Whether it is an investment or an experience, I’m sure the fact that you saved all that money will make it that much more enjoyable.

    Thanks for the fun read tonight!


  9. My Dividend Dynasty (Post author)

    Hey Bert! That is a great use of $174 in coins! Good job saving all that. Thanks for your comment and for stopping by! 🙂

  10. Sascha

    I save all my coins up to 25cents in a jar.

    Then I have a special container where I save every 5 dollar bill I get, no matter what, plus every 1 and 2 dollar coins. It all adds up over a year.

    The result I invest in dividend stocks.

  11. My Dividend Dynasty (Post author)

    That sounds great Sascha! I like how you put your spare change to good use. 🙂


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