Spare change

 OK I have a question for you, what do you do with your spare change? A recent survey found that most Americans — 55.5% — let their spare change just sit there and don’t do anything with it. That’s up significantly from a similar survey done in 2016, when only about 38% of respondents said they let their change go to waste. Over the years I’ve known folks that take that spare change after a year or two, they cash it in and use it for a vacation, or other fun purchase. In today’s world they have apps where you can use your spare change for an investment. For example, if you buy a coffee for $3.65, 35 cents will automatically get added to your portfolio via the debit or credit card you’ve connected to the app. Instead of paying in cash, pocketing the coins and then tossing them in the pile on your dresser, you can pay with a card and invest your spare change without even thinking about it. I see this being especially useful for a younger person simply because they don’t use cash very often and this could be a good way for them to save without really trying. They call this Micro-investing and there’s pro’s and con’s like anything, but it is an option to save and put that spare change to good use. For more information go to yoursafemoneyshow.com.