A penny saved is a penny earned, Ben Franklin once said. Smart man, that Ben – and I guess his sage wisdom has not escaped the minds of my generation. Of course, the lessons learned have been lessons different! Ponzi and I were recording videos yesterday, when she suddenly started talking about one of my bad habits: I throw away pennies because I can’t stand ‘em. She continued to talk, despite live stream hiccups. When the stream came up again, she was finished – so I asked her to repeat it for the live chat’s benefit. It was a bit awkward at first, but we got rolling again quickly.

Depending on how long ago it was, if the pennies were several years old they have more of a copper content and are now worth 3-4 times their face value! Same with quarters made before 1964, that have a silver content. That’s inflation, people… It is indeed 100,000 pennies for $1,000. 100 pennies to the dollar; pretty simple. Assuming that he would throw out 20 pennies a week (probably a high estimate, but still believable) that’s a whopping $10.40 a year. At that rate, it’d take him 96 YEARS to get to $1,000! [shanedk]

Personal Money Management