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What do you do with all that change?

02/27/09 posted by Mary Lynn Halland: Personal Finance Contributor    

To lead a prosperous life we need to treat money with respect. Only when you respect money does it know that you want it to stick around – and that you want more of it.

Here’s one easy way to increase your respect for money. While I’m talking, literally, about nickels and dimes (or less), it doesn’t matter – money is money. 

Roll your coins – or use them
Whenever I see someone with a cup or bowl overflowing with coins, I figure they have more money than they know what to do with. After all, since they have money lying around, not being used or even paid attention to, they must be rich, right?

Unfortunately, I fear that the reality is quite different. People who don’t treat their money with respect don’t just have lots of unused change lying around. They very often have significant consumer debt – another way of not respecting money.

So be nice to your money. Roll your coins and deposit them in a savings account. Perhaps deposit them into your children’s college fund, where they really will add up over time. Or use your coins to pay for things – stores love it when you to do this. (Stores have to pay a service fee, in addition to the value of the coins, to get rolled coins.) Just don’t let your coins feel unwanted and unneeded. Treat your money with respect and you’ll have more of it.


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