Thinking of pocket change as an investment opportunity may seem like a bit of a stretch……Yet, the United States Treasury reports that Americans hold about $15 billion in loose change, It is estimated that the average household accumulates $50 of change every month. Invested over 20 years (@ 5% interest) would yield over $20,000.
Saving change at the end of each day or week can add to personal savings or be used to fund extras. Use your change for an evening out each month or to pay extra on a bill.
Saving that change can also help you reach longer term goals like a weekend getaway or upgrade for the family's computer, television or other recreational equipment (such as new bicycle).
So, consider saving your change! It’s a great start to a savings plan
Tuesday, April 20, 2010
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