“Keep The Change”

 

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All great things are only a number of small things that have carefully been collected together.

I am a BIG believer in the philosophy that: every little bit counts. This guiding principle can be relevant to a potpourri of life topics, but today I will be discussing its relationship to the humble coin. I think it can sometimes be easy to overlook the significance of spare change, but those nickels and dimes can really add up. The average U.S. household has about $90 in loose coins lying around the house, according to Coinstar, a prominent company in the coin-counting kiosk business.

If you pooled together your coins instead of tossing them into wishing wells -or perhaps losing them between the sofa seat cushions- it might be possible to eat an extra meal out at a restaurant, or even add cash to your bank account. Here are some tips to consider if you want to make every coin count:

  1. Use a Coin Jar. If your spare change is banished to the bottom of your purse and various locations around your home dwelling, you’re hardly doing yourself any favors. To be able to use your money, you need to know where it is. {Seems simple enough} Set aside a designated “coin jar” or other convenient holding area in your home to collect the steady accumulation of nickels, dimes, pennies, and quarters.
  2. Collect. Make sure to amass the coins that are already hiding in the various recesses of your home. Start with the most obvious spots, such as purses and dresser drawers, and then move on to scavenging the laundry room, junk drawer, inside the automobile, and underneath the sofa seat cushions. Leave no stone unturned.
  3. Exchange Your Coins. You have two main choices when it comes to exchanging your coins: bringing them to the bank, or to a local coin-counting kiosk. The largest difference between the two options is how much of your own money you get to pocket.
    • Bank– Coin exchange policies will vary depending on the bank you do business with. However, most banks will give you a 100% return rate if you relinquish the coins to them pre-sorted and wrapped. You should be able to get coin wrappers of all coin denominations for free from your bank- just ask. Some banks will tally account-holders’ coins for free using various methods. Call or reference your banks’ website to figure out their policies in advance.
    • Coin Kiosk– Coinstar is the nations biggest coin exchanger, with thousands of kiosks at retail locations throughout the United States. Simply locate the Coinstar kiosk nearest you, and dump your coins into the machine. You’ll pay for the convenience (an average of 10.9 percent service fee is applied), however there is no service charge for converting your coins to gift cards, PayPal funds, or charitable donations, as of current.

Even the mighty oak tree was once a small acorn. So remember, keep the change.

 

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