Today I had the chance to engage in one of my favorite activities. It was coin-rolling day – the day my piggy bank won’t allow me to put another penny in, and I break out the paper coin rolls then head to the bank for a nice little bonus deposit to my checking account.
Call me a nerd, but I love coin-rolling day. Sorting quarters and dimes into neat little piles satisfies my organizational tendencies and rewards me with extra money I didn’t even miss. And it only takes 15 minutes – I kept track! You can sort your change while watching TV, listening to a podcast, or make it a family affair by getting the kids involved.
Back in the day when Suze Orman first hit the airwaves as a guest of the Oprah Show, she wisely suggested that one way to save money without even trying is by saving your change. OK, so maybe she wasn’t the first to think of it, but I remember seeing it and have been saving my change ever since. Do you? If not, I suggest you try.
What’s that? You don’t really spend that much cash? Well, I didn’t think I did either but even the little dollars here and there I use to buy coffee have produced enough change to add up. In fact, this little pile totaled $26 and I had several dollars left over that went back in the piggy bank since they weren’t complete coin rolls.
I know that doesn’t seem like much, but if it’s money you didn’t miss anyway, it adds up over time. Twenty-six bucks per month equals annual savings of $312, which is enough for cross-country airfare from most major airports! Think of it as a bonus vacation fund.
For complete disclosure, I have to share that when I arrived at the bank, the teller simply dumped all my neat little coin rolls into the electronic change counter. It turns out the banking centers in Chicago are a little more technologically advanced than those in Cincinnati! At least at my bank… I have to say, I’m a little bummed to learn this, as I actually like rolling my change. (Some banks charge for this service, so don’t toss those paper rolls yet!)
Regardless, my point remains: the next time you use cash for a purchase, use only dollars and pocket the change. You’ll be surprised how much money you “find!”
Note: No animals were harmed in the production of this blog post.