I was compensated for this promotional post. All opinions are genuine and my own, based on my personal experience with this product. Your experience may differ.
Chances are you have seen the green Coinstar machines at your local grocery store or other places. I personally have known about this service for years, but have always shied away from trying them because of the fee involved. Let me stop right here and tell you that you can use this machine and get 100% of your coins in gift certificates to your favorite stores or restaurants.
It's so easy, check it out:
Step one: find a Coinstar machine near you.
Step two: what are doing with these coins? You can get cash back (10.9% service fee applies), get 100% of your coin in the form of a Gift Card or Donate to Charity. Some kiosks even allow you to pay bills with your PayPal account (9.8% fee applies).
Step three: insert your coins and watch the magic.
Step four: collect your rejected coins and receipt and enjoy!
Look at that, I had just over $52 in coins collecting in our coin jar. This will cover dinner with my family at Red Robin and we will have some left over for a second visit.
The paper receipt will work just like a gift certificate in the store. Just present the receipt at check out. It's so easy.
You can even use your Gift Card as a holiday gift for a family member or friend.
Based on this experience, I will be using this service again in the future. I found it to be a convenient way to trade in my coins for a usable form of currency. I highly recommend Coinstar.
More tips for getting the most of your money:
- Control it with cash. The need to get holiday spending under control might explain why 50 percent of holiday gift givers usually pay for most or all of their presents with cash.
- Coins are money, too. While 85 percent of Americans report that they have spare change lying around, 86 percent of survey respondents would not feel comfortable buying holiday gifts with just coins.
- Gift card collectors. More than half (58 percent) of Americans are holding at least one gift card and many of these gift cards might be lying around for some time before they get used. In fact, 48 percent of Americans admit that when they receive gift cards they wait to use them or never use them at all.
- Money going to waste. Many people look for ways to ensure that they can get gifts for everyone on their list, but only 12 percent sell gift cards to help stretch their budget. That still leaves a lot of money – more than $1 billion in gift cards goes unredeemed annually – that could be used to bolster holiday budgets.
What are you going to do with your extra coins this holiday season?
The great people at Coinstar have given me a $50 gift certificate to award to one lucky fan. Enter below for your chance to win.