Never mind those 30p's – the financial world is saved
Uh-oh, blog time. Where's my inspiration for the next 500
words?
What can the only chartered accountant in the office come up with
to match the wit, insight and sheer brainstormin',
mind-bogglin', pot-pourri of verbal dexterity already presented
to you?
There's been some great stuff already here, but one item caught
my eye the other week, and that was Karen's lost 30p's in
those troublesome parking meters. It had all my desired elements:
finance, intrigue and whimsy.
Well, never mind the lost 30p's - what about all our other
loose change, and what it amounts to?
So, I started my research by keeping every single coin given to me
in change for a week, and aside from adding to an already
overweight situation, and bulging pockets, the amount was
staggering. In one week, I amassed £122.34.
Now okay, the experiment was a little biased: I only paid in notes
and could have used the credit card a bit more, but apart from the
absurd notion of keeping those coins as an experiment, I think
it's a good starting point. And anyway, aren't most
scientific arguments flawed?
So, 52 weeks of that, multiplied by 24.7 million households
multiplied by the average 1.8 adults per household and you have
£283 million.
Now, add that amount to the estimated £962 million actually
lying idle in these same households (The Guardian 17 August 2005 -
must be true), and throw in say £30 of foreign loose change
per 24.7 million household holidays multiplied by the number of new
easyjets routes, but discounted sadly by the euro (drat, fewer
foreign currencies now), plus loose change in sofas, piggy banks,
and jars, then multiply it by the global factor and what do we
have?
Clearly the end of the credit crunch as we know it. Your bank needs
your loose change.
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