Never underestimate the power of cents

Hi everyone.

I hope my previous post about saving on daily basis has becoming fun for you because you see your savings keep growing base on your daily record.

In this post, I will share another tips on saving. Before I start, I strongly encourage you to consider to have another record keeping for this. You can have this record on the same book or excel sheet. How you want to organise it, it is entirely up to you.

Usually we spend on daily basis such as buying lunch, taking public transport or anything. After we have spend for the day, we always found remaining coins in our wallet or purse. Typically we will put it somewhere. We do so because we don't see much value in it. Therefore we don't save the coins.

This is not true. Regardless the size or number on that coins, it does carry a value in it. Lets look into this example.

In your wallet, there are few coins found in it.

3 10 cents coins
2 20 cents coins
1 5 cents coins
5 1 cents coins
1 50 cents coins

How much do you have? The answer is $1.30 in total. The value may look small to you but if we save it on daily basis instead of dump it aside, then we see that we have save quite an amount. Let use the example above for a simple calculations.

$1.30 x 30 days = $39

So in 1 month you have save a total of $39 from those coins. How about in 1 year time if we keep practising it on daily basis?

$1.30 x 365 days = $474.50

In 1 year time you will save a total $474.50.

Now do we still want to dump all those coins we have in our wallet? Well what are you waiting for? Start to hunt all your lost coins in your house. If you were walking down the street and saw a coin lying on the floor, pick it up and add to your saving collection too. Happy collecting and saving.

Regards,

Sam Salleh