Wednesday, January 6, 2010

Yet Another Lucky Penny!

My daily walk today took me to the Value Village on Edmonds Street in Burnaby, BC, Canada in order to drop off a few household items I wanted to clear out.  On the trip home, I found yet another lucky penny! 

Today's Total Found Change: $0.01
Total Recorded 2010: $0.31
Grand Total Since Recording January 19, 2009: $24.80 +£0.30 +$0.01 = $24.81 + £0.30

Here's a simple calculation that I like to do to track how my finds over the course of the year.  I take my total recorded for the year, then divide by the the number of days into the year -- at the end of the year (i.e., day 365), I then have my daily average for the year.  For example, today is January 6, 2010.  It's the 6th day of the year.  So my "running average" (is there a more appropriate term?) is $0.31/6 ~ $0.05 - that is, over the last 6 days, I've found approximately 5 cents per day. This is actually not that bad. If I keep up this "running average" I'll have found about $18.25 ($0.05/day x 365 days) by the end of 2010. For comparison, my daily average for 2009 was $24.50/365 days ~ 0.067 cents per day.

QUESTION: What kind of calculations do you use to keep track of your performance at finding lucky pennies and other found change? Please share your thoughts in the comments section of this post.

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