Be honest. We’ve all had those lean days when every pocket was searched, bags were emptied and banks were broken. All this scrounging done in search of the thing we forget about until we need it …. change. That’s right! Quarters, dimes, nickels and especially pennies are often treated like the black sheep of our financial family. No one wants them until there is no more paper to fold.However change is still currency. It still spends, even though you may get a harsh look or two depending on how much of it you’re spending at the same time. We’ve all been behind someone at the register buying with pennies. I’ll confess. I’ve been that person a time or two. I learned a very valuable truth the moment I headed out to the store with my money that jingled. Change adds up.So, before you banish your change to the bottom of your pocket or handbag along with that last stick of gum, let me share a thought with you. Your journey to financial security begins with one very small, possibly humbling step.Start saving your pennies. Anytime you get change back from a purchase separate the pennies when you get home. I know this is not earth shattering news but stay with me I am going somewhere. Once you get disciplined at saving pennies, begin to save pennies and nickels. Then once you’ve mastered that, save pennies, nickels and dimes. Then once you’ve developed that skill, add quarters to your saving strategy. By the end of this process, you should only be receiving change, not spending it. Any and all change you receive should be emptied into a jar or similar container at home.“But I need a real savings account. Change is going to take too long to accumulate”I hear you murmuring. I did the same thing. Maybe this will help.If you save one quarter every day for 100 days, you will end up with $25. However if you save nothing everyday for 100 days, you will end up with nothing. I don’t know about you but I would rather have $25 than have nothing. The point is that saving your change is a start, a place for you to begin. It is also a way for you to develop the discipline of saving.I can still hear some grumbling out there. Let me give you one more insight.Because we value paper money more than the kind that jingles, it will be easier to say no to unnecessary purchases when it means breaking a bill instead of reaching for the change to complete the purchase. Trust me, your change jar will begin to multiply faster than you expect. Soon you will be at the register eagerly looking at the cashier thinkingCHANGE PLEASE!Job 8:7“Your beginnings will seem humble, so prosperous will your future be.”Written ByTanai M. Colemanwww.GodsChic.comwww.TMCFC.comwww.TaDaNetworking.comTMC Financial ConsultingYour Money Is a Tool. Are You Using It Wisely?
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But lack of patience you say? Now that is a profound, and I believe quite accurate. I am really looking forward to what you what you have to share in the follow up article. I think this is an issue that if explored could really create some major breakthroughs in people's financial mentalities. Please don't wait too long to post that one. By the way, Happy New Year!
It is because things are so expensive that we don't value the small sums of money. Also it is because people on the whole have grown impatient. Most of us lack the patience and commitment it takes to cultivate riches. Thanks for your question. As far as what I would say to change their minds, I will tell you soon You just gave me an idea for another article. That way I can go into detail. Thanks Tonya! Keep bringing out the beauty in others!
This is good. I agree. I wonder what do you think about why we feel like $25 is nothing. As a financial advisor what can you say to change a person's perception about the value of small sums of money in a world where it seems like everything is so expensive.
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But lack of patience you say? Now that is a profound, and I believe quite accurate. I am really looking forward to what you what you have to share in the follow up article. I think this is an issue that if explored could really create some major breakthroughs in people's financial mentalities. Please don't wait too long to post that one. By the way, Happy New Year!
It is because things are so expensive that we don't value the small sums of money. Also it is because people on the whole have grown impatient. Most of us lack the patience and commitment it takes to cultivate riches. Thanks for your question. As far as what I would say to change their minds, I will tell you soon You just gave me an idea for another article. That way I can go into detail. Thanks Tonya! Keep bringing out the beauty in others!