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Are you throwing away $144 per year?

September 7th, 2006 at 07:43 pm

When we purchased our new home this past April, I found an old Planters peanut jar while unpacking. Why it was there, I don't know. Instead of throwing it out, I decided to keep it in my bedroom closet so that I could empty all of the change from my pockets each night. Before I did this, my wife would yell at me because I would just dump the change on the kitchen counter or on my dresser in the bedroom. I was interested in just how much money I was throwing around.

Day after day, I would return home from work, head up to the bedroom and empty the change from my pockets. A penny here, a nickel there, and the occasional quarter and dime ended up in that old peanut jar. This went on until August 26, 2006 when I took that now heavy peanut jar to the bank and threw the change into one of those coin counters...........$60.80! Wow! Not bad for 5 months worth of change. Comes out to about $12 per month or $144 per year. I was throwing away $144 per year! Never again. Needless to say, the jar is starting to fill up again.

Oh yeah...this was put towards my mountain of debt.

1 Responses to “Are you throwing away $144 per year?”

  1. carol Says:
    1157752036

    If you want to see that change jar grow even faster, I suggest buying 1 roll of quarters each paycheck. You have paid yourself first, and that's $20 saved per month if you get paid every 2 weeks.

    I have never been able to save money my whole life. Finally, I figured out that if I buy rolls of coins(quarters are my favorite), I always have money left at the end of the month. I don't think I'm going to be able to reach my original goal of $250 for this year, but I know that I hate spending coins, whereas it is so easy to whip out that printed money($20, $10, etc) and go on a spending spree.

    Right now I have $75 of rolled coins in my posession. Not bad for a former spendaholic.

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