Shopping – Some local convenience stores do not accept card payments less than $10 or a certain minimum. Parking Meters – While many accept credit/debit cards, there are a few places that only accept cash or coins.Ĥ. Coin counting machines – Still one of the best ways to convert your coins to cashĢ. It’s a good idea to teach kids to save money at an early age, that will allow them to grow into responsible young adults.Īpart from investing and growing your spare change, here are some other ways to make use of coins in your wallet.ġ. Make it fun, but creating these cheap and beautiful mason jar money banks, that will make it interesting to save money. Use your spare change to teach kids about saving money. Virtual bookkeeper – You don’t need a degree for this one! As a freelance bookkeeper, you can earn up to $60 an hour Online Proofreading – earn up to $4,000 a month correcting grammar and punctuation mistakes in online content. If you are looking to invest your money in a flexible online training, here are some worth considering. There are many online side hustles that you can start between $200 -$1,000 and can give you a higher return. I know you might think that starting your own business might be expensive. Even if it’s a part-time side hustle, put some money aside in a retirement fund. Start a retirement fund, the minute you start earning money. Sign up for your chance to get a $5 Swagbucks bonus.Īnother place to invest your spare change is in your retirement fund. Make extra money by browsing the web, watching videos, playing online games and testing new products - clothing, food, cosmetics and more! Its free to join. So if you have $100 a month to save, opt for an online bank like CIT, where you have a high-interest return. CIT bank offers a 1% APY when you make one monthly deposit of $100 or more. Open a high yield savings account with an online bank like CIT bank, which offers a high-interest rate. If you are interested in starting a blog and selling it for profit, you can check out this blog flipping post here. There are many bloggers who prefer buying “pre-made” blogs so they don’t have to set it up themselves. If you can start a blog and build up a few posts – say 30 posts – you can certainly sell it for some extra cash. I can talk from my experience and say that my blog has replaced my full-time income and is a flexible way to work from home as a stay at home mom.Īnother way to make money as a blogger is to sell blogs. But this little investment can generate anywhere between a few hundred dollars a month to way more than a full-time income. Starting a blog costs as little as $70 a year. Adding spare change to your piggy bank to use for debt repayment. No matter how big your debt is, saving every dollar can eliminate part of your debt. Use this link to sign up to Swagbucks and get yourself a $5 bonus. Spare change can work in your favour where you don’t need to touch your savings or income for these expenses.Īnother useful tip is to use Swagbucks to get yourself free gift cards to give as a gift. That also means you might need to take out $50 or so from your monthly budget. If you have a large circle of friends and family, it might seem like there is a birthday every month. Reducing the burden of your expense with a travel fund will definitely help your wallet. Even if your lose change is not enough to pay for the trip, it can help cover the additional costs like food and shopping.Įverything adds up when you are on holiday. Just like having an emergency fund, you can also add up some spare change for travel or vacation. Store all your spare coins in one safe place, rather than having some laying around in drawers or your handbag. Have a little emergency fund at home – like a money bank where the money is readily available in case of an emergency.Įven a few hundred dollars can be very useful at times. Here’s a simple example, if you were to buy a burger for $3.40, the app automatically rounds it up to the closest dollar (which is $4) and invest the $0.60 for you.įor those who don’t have the time to invest or can’t get into the habit of investing, this is the best option. The next time you shop with the connected card, the app with invest the spare change from your shopping for you. Once you sign up for free with the app, you will need to connect your debit card to it. How this works is, the app rounds your purchases up to the nearest dollar and invests the spare change on your behalf. Both these apps work the same, the only difference is that Mylo is a Canadian app and Acorns is for those in the US. There are apps like Acorns and Moka that help people invest spare change. What else can you do with spare change?Īn investment is an investment, no matter how small it is – even a dollar!.
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