by Angel Lee, Guest Contributor

Thanks to some people in the divinity school, I became a little richer last week. I found a quarter in 202 and two pennies in the student lounge. Some may have forgotten basic mathematics, especially when it comes to money. One penny may not have worth to most people. But when I add that penny to another penny, I have two pennies. If I add another penny, I will have three. Yet another penny will give me four. With each penny, the value of my change increases.

When I was a child, my dad kept piggy banks for my brother and myself, and he would often put change in our banks. Because my dad kept them, we were unable to access the change whenever we wanted. The value of our piggy banks increased since more change was being added than subtracted. When I was ready to go to college, I was able to use the funds in my “piggy bank” for spending money.

Whenever you have loose change and think it may be of no value, put it into a piggy bank for yourself. Otherwise, you will be making someone else, like myself, richer. I also encourage you to not be too proud to bend over and pick up a penny, nickel, dime, or quarter. It will be a penny, nickel, dime, or quarter more than what you had. One day, you can go to Coinstar or your bank and convert all of your accumulated change into dollars. You may be surprise at how many dollars you will have from saving loose change over a period of time. Remember one plus one equals two. Whenever you keep adding, regardless of how small the amount, you are increasing the value of your money.

Angel’s Challenge: Make a piggy bank for yourself and place loose change in it at least once a week. Resist the urge of spending the change until your “piggy bank” is full.

Interesting Info: This wikihow article provides steps on saving and depositing loose change into a bank account. Some Coinstar machines charge a fee, so you may get the most of your money by taking your change to the bank.


 

http://www.wikihow.com/Save-Loose-Change