The Phrase "Keep the Change" Costs You More Than You Realize
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The Phrase "Keep the Change" Costs You More Than You Realize

The reader will gain an in-depth understanding of the difference in a his/her budget that coins make. They will understand that the phrase "keep the change" is something that should never be said, for that little change adds up in the long run, and the money they are refusing could be very useful to them. The reader will hopefully improve his/her financial situation with the help of this article.

There are many people in this world who don't like to deal with the jingle of coins in their pocket. Change is just too bulky and heavy, and isn't very easily stored. It takes up lots of space, but doesn't hold that much value. So, alot of people generally tell a cashier to "keep the change". But what many people don't realize, is that this decision will prove to be very costly in the long run. In today's economy, with so many people looking to save money, these few tips may just help ease the recession pains.

Let's say the average person makes three purchases a day. A coffee in the morning, a snack at lunch, and another quick snack on the way home from work. Now, the amount of change you receive from a purchase always varies, but i'll just use an estimate of about thirty cents in change. If there is a quarter in there, some people will keep the quarter. But if this person were to say "keep the change" then that thirty cents that would have gone into their pocket, is now in the cash register. But remember, there were three purchases in a day, which means that ninety cents were kept. Say the average person keeps the same schedule five days a week, that amounts to $4.50 a week that goes down the drain. In a month that total would amount to $18. And the scariest figure of this scenario is that in a year, the total would amount to $216. I can't imagine anyone saying "keep the change" when that change totals any dollar figure about $5. You also need to keep in mind that thirty cents is quite possibly a large underestimate of the amount of money people receive as change.

People may frequently discard nickels and dimes because these coins aren't of very much value, and become very annoying by taking up space in the pockets, or constantly falling out and creating a scene. What if the average person only keeps the quarters they receive from purchases. Maybe on average the receive fourty-five scents from larger purchases, a quarter and two dimes. They keep the quarter, and discard the dimes. Maybe this occurs two-three times a week. That's between fourty and sixty cents a week that they are wasting. Of course, sixty cents seems like chump change, and in reality it is. It won't take you very far in today's economy. But in a month that would amount to $1.60-$2.40, and in a year that would be close to $30. It seems like alot of effort for little gain, but it is really important to keep your change.

There's a really easy solution to this "change dilemma". Simply put some kind of container in your car, the place many people frequently make purchase thanks to fast food drive-throughs. Every time you receive change, drop it in the container. As you make purchase you'll notice the container fill up more and more, and you'll realize the amount of money you're saving. As the container begins to reach it's limit, transfer the money to a larger container in your house, and repeat the first part of the process. After a while you'll have a giant tub of change, cash just waiting to be spent. Take it to one of the change machines, and you'll have dollar bills raining on you.

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