What do you do with your pocket change?
OK, you just got some change back from the vending machine. You carelessly drop it into your pocket or throw it into your purse. You really don’t think about it much, it’s just loose change, right?
Well, consider again. At the end of each day before going to bed, my husband empties out his pants pockets before throwing his pants into the laundry hamper. We have a little blue piggy bank on a table in our bedroom, and each night Bill puts his change in the slot in the piggy’s back. Night after night, more change is added till the pig is full; then we head to the CVS Pharmacy and throw the entire pig’s worth of change into a counting machine. We get a little ticket to take to the cashier, who hands us the amount counted by the machine in actual bills of green.
Last time we did this, we got $172.00 and some change out of the deal. This enabled us to buy our little parrot, Gobi (as a matter of fact, one of Gobi’s many nicknames is “Loose Change”).
It is really a wise financial move to save your loose change. There are so many things you could do with the money: Buy a pet, fund your IRA, save for a rainy day, put in your glove box to pay for future tolls, make an extra mortgage or car payment, buy that new Eels CD you always wanted, etc.