I know this has been covered on many sites before, but now that I’m actually doing it, it’s amazing just how well it works.

The premise is as simple as it gets. Put a box by your bed (or wherever you get naked). Empty the change from your pocket into the box when you go to bed. Repeat. At the end of the month, go to the bank and deposit the change.

Let me tell you from the experience of just a couple of months doing this system: Change adds up! I’ve been able to deposit approximately NT$8000, or about $258 in 2.5 months. Before I began doing this plan, I didn’t save anything, so for me that’s a massive increase. Granted I’m using Taiwanese change, one very handy piece of which is the 50NT coin, which works out to about $1.50. According to other sites however, it shouldn’t be hard for a person in the States to save around $100/month with this method. Multiply that by 12, and that’s $1200/year! That’s awesome, and it really feels like free money.

I used to have piles of change all around the house which would disappear, scattered to the far corners of the galaxy (or under the sofa, in the laundry machine’s catch drawer, etc.) Now, I know exactly where my change is, and I look forward to depositing it each month and seeing how much I’ve saved.