Frugal Confessions – Frugal Living

Living in Frugal Decadence

Cashing in on the Billions of Dollars in Change Americans Throw Away

Posted on | August 1, 2009 | No Comments

As most of my readers know by now, I like to test things out with little experiments that revolve around money. The experiments are always fun, I learn something, and it indulges the go-getter desire within me (for the moment anyhow).

My newest fascination has come from an article I remember reading several years ago. Apparently, Americans literally throw away billions of change every year! I know, pretty unbelievable–except that I thought back to my high school and college days, and remembered throwing away a few pennies found in the corners of rooms while vacuuming and sweeping. (I can’t believe I confessed that to you all).

How can I–and the rest of us frugalites–cash in on some of that? For the next month I have decided to go on ‘moneywalks‘, and put any change I find into a big change jar. I will also add any loose change found around our home. At the end of the month I will cash this jar in and put it towards our honeymoon account.

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Last night I took my first moneywalk and was very happy to have a reason to go outside and walk around. Around 7:00pm I walked up to Hermann Park, utterly convinced I would find lots of loose change from the July 4th crowd the night before. Some pitfalls: shiny, silver bottle tops, dogwalkers (who, it appears, do not just drop change out of their pockets like I had thought they would), and competition from homeless people who are undoubtedly looking for change as well. In the end, all I found was a mutilated penny.
 
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Who knows, it could be a fun and lucrative hobby to have (this family has accumulated $1,100 since 2005 and will be donating it to charity once they reach $10,000). If nothing else, it is a motivating force to get me outdoors and exercising!

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  • Fru•gal Dec•a•dence

    The art of enjoying the many pleasures and luxuries of life at a fraction of the cost others will pay. Life is too short to deny yourself, and too long to use up all of your money living today. Never go without, but never pay full price. No compromises.
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