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GOODBYE CLUTTER, INC.
Nancy Heller, CPO-CD (212) 828-8888 |
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August 20, 2010
Volume 1, Issue 12 |
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Change Your Change into Dollar$;
Use Sense With Your Cent$ |
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Yes, Virginia, even coins can be clutter! |
I'm not talking about your old coin collection from when you were a kid, or the gold krugerands your grandfather left you. I'm talking about the coins in between the sofa cushions, in ashtrays, in boxes, bins and buckets, the ones in drawers, in jugs, on top of bureaus, in tote bags, pockets, purses and in the ubiquitous mayonnaise jar. THE FOLLOWING TRUE STORY WILL AMAZE YOU..........
Early in my career as a Professional Organizer, I was called in to help organize a closet. Along with the usual things one would expect to find in a closet were boxes, jugs and suitcases filled with coins. They represented a family of fours' collection of change, amassed over 20+ years. It took several strong movers (and considerable expense!) to haul the coins to a bank, where they were fed into a CoinStar machine. The grand tally for the coins came to a whopping $12, 500!
Since then, I've noticed that MANY homes I go to are cluttered (YES! CLUTTERED) with coins. One reason people accumulate so many is because they're heavy, and they don't like to carry them around (or lug them to the bank!); they pile up, taking up valuable space. Others collect change because they view it as a way of saving money, BUT the reality is, the dynamic of saving money in a coin jar has changed over the last 10 years, so by placing coins in a jar, you may actually be losing money..........Banks and CoinStar machines have figured out ways to charge fees for loose change.
A 16-ounce jar contains an estimated value of $28.54 in coins.
More than 80% of American homes keep a coin jar or other container with stored up change,
The latest estimates indicate that $10.5 BILLION in change (including pennies) is sitting idle in American homes. (That represents approximately $90 per household.)
71% of Americans are in favor of keeping the penny in circulation.
My tips for getting rid of change
CoinStar, a publicly traded corporation worth over 1 billion dollars, has kiosks in supermarkets They'll convert your coins into....cash? But they'll charge you 10%. Take those same coins to the cashier, and you'll get 100% of their value! OR take them to any TD Bank, where you can put them in their coin-counting arcade without a fee. It's TD's way of attracting new customers.
Before you take your coins to a bank, make sure they don't charge a fee for taking them. The policy for changing coins at banks varies widely. Some will charge for loose coins, but won't charge if you roll them yourself. (Some people feel the bank's fee for loose coins is worth the convenience of not having to roll them - which, can be really time-consuming.) The best way to get face value is by depositing them in your account.
Use your coins whenever possible. Try to give exact change when you have it. After all, coins are legal currency. Spend them a little at a time (OK - so the person behind you at the check-out line might throw you a look...but get past it).
Buy stamps at the Post Office vending machines with change. You get face value for the coins that way.
So now, Dear Readers, resolve to cash in. It's change you can bank on!
'Til next time,,,,Be well, be safe, be organized! xxx's,
Nancy |
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SAY GOODBYE CLUTTER.....HELLO PEACE OF MIND!
WE ORGANIZE CLOSETS, OFFICES, RELOCATIONS, LIVES |
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