At the moment I have forty-two cents in my pocket. When I get home that $0.42 will be placed in a tray on my dresser.
That happens every day and has for decades. It’s a sign of my frugality, my cheapness or my obsession with saving and planning ahead when it comes to finances; take your pick.
When I have accumulated forty or fifty dollars, it’s rolled and taken to the bank. In the olden days it was deposited and accumulated until I had enough to send to my brokerage account later to be invested.
Since I retired the purpose has changed.
Now my accumulated coins go into our travel funds. It’s converted to Euros or whatever, even Rubles or Krona on occasion and becomes the spend money we take with us.
My change strategy is in direct conflict with my accumulate the points with your credit card strategy, but I still use both. I recently used years of accumulated frequent flyer miles to purchase two first class round trip tickets from NJ to Argentina. That’s some hefty savings and I never would have spent my money on first class tickets, not even my accumulated change could do that.
In any case, the message is saving is important whether you are very young or very old. You can start very small and let the money work for you and work it will.