Memo 9: Find a penny pick it up and all lifelong you’ll learn to save.

The real quote, known by most is “find a penny, pick it up and all day long you’ll have good luck.”  I am not sure who coined, punned intended, this phrase, alas it brings to mind that a penny saved is a penny earned.  Mostly as I pondered my habitual way of finding pennies, and other coins and actually saving them either reflects my frugality or my interest in savings, probably both.  At a more rudimentary level, this concept of saving pennies is actually the essence of today’s financial coaching memo: developing the muscle of saving.  Saving and learning to save is like anything else you must practice doing it and it will become part of your way of being.  In my own family, I know that people toss aside pennies as meaningless and yet I know someone who saved every penny and other spare change from the time his daughter was born until she was 16 and bought her first car with the change that had been saved over her 16 years.  I know for myself, I frequently turn 5 pennies into the bank for a nickel so that I have the parking meter money. How often have you needed parking meter money and wished you had not tossed aside your odd change. I am sure many can attest to paying a parking ticket for not having change available. Pennies to parking money, pennies to cars, what can you turn your pennies into? Start saving your pennies and you will learn to start saving.