Sunday, January 1, 2012
The Great Quarter Experiment
Sometime back before the beginning of 2011 I read something somewhere about someone (hmm, this may be where pinterest comes in kind of handy) who saved every quarter that came into her possession as change for a full year. At the end of the year she had over $700.00 saved. Sounded good to me, although I suspected one actually had to spend a lot of money to garner $700 in quarters in change.
I was curious as to how we would do on such an endeavor -- modified of course to accommodate our thrifty (cheap?) lifestyle, since we don't have spending situations that generate change every day. So, every week this year on each Sunday we dumped any quarters we had as change into a large jar.
Now, on New Year Day 2012 we have tallied the results: $71.00
After an initial let down that it wasn't $700, or even $100, I thought this was pretty cool -- I didn't have to "work" at it at all. I didn't have to deprive myself of anything, did not even consciously try to "save" quarters through the week -- if there were quarters at the end of the week, they went in the jar, if not -- no biggie. I started wondering how much money we would have had to have on deposit for one year (like a CD or Money Market) to earn $71 at the current interest rates offered -- about $25,000!! So not too bad, considering we "earned" that "interest" on money spent on groceries, occasionally eating out, magazine purchases, trips to Target, Hobby Lobby, etc.
Linking to Masterpiece Monday at Boogieboard Cottage