Monday, February 11, 2008

Find Money Mondays - 1

Today's money Monday is focused around the change jar.

Change. If you are like most people you probably have a lot of loose change floating around your home. You need a change jar. This could be anything... from a pretty planter pot (like I have) right down to a simple mason jar. The object is to stop leaving the change around everywhere and put it all in one place.

Once you've done this you're going to want to roll it up and get it in the bank. Don't spend a lot on rollers. You can either pick an assorted bag up at the dollar store or steal some from a friend who has extras. Roll it all up and leave the extras in the jar until next time.

It actually cost more to make a penny than its worth... so you are doing your part by getting it out of your home and back into circulation.

Take it to the bank. As long as its rolled up the bank is happy to take your change. Deposit it into your account and then immediately go home and put that money to work. Some good ideas would be to either put it in your savings fund where it can actually grow or if you are in debt you could make an extra payment.

Now it may seem trivial but I've actually paid for quite a few things with all the change that has built up in my house. There is no sense in keeping this change around doing nothing when you could be putting it to work for you.

I encourage you to go around your home now, collect all the coins you see laying around and see what you come up with. Let me know what you do with it!

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