- Tue Oct 18, 2011 2:05 pm
its a good idea but as gazza says it may not work for all though
-try to avoid thinking there is more in there than there really is
-If you put £1 and £2 coins in there be careful that you are not having to draw more money from the bank in notes each time you need to spend, you may cause a banking problem
(apparently lloyds are doing an account that rounds up transactions and transfers the pennies to a savings account( i did this with the coins 20 years ago! if only id have known))
- the safest way i have found is to do the calculation lloyds do for yourself. as most peoples budgets use rounded figures ,make sure you round up and keep your receipts you will then know how much to put in the jar ( much easier if you use cash and your less likely to 'card spend' and it should be sat in your pocket anyway)this trains you to be more carefulwith money anyway.
- bank the larger coins more often to avoid dipping in for treats
a paid bill is more beneficial than a chinese ,lol.
'card spend' - when you spend more than you should, particularly after payday , because the card wont bounce - whereas with cash you have to add up as you go to avoid putting things back at the till