This archive report was first published on 9 January 2020.
January 9, 2020, marked a day when many Kenyans were reminded of the importance of managing their spare change. According to estimates, every middle-income household has at least 5000 shillings in coins, which can be used to boost one's wallet or make a difference in the community.
One way to make good use of these coins is to cash them in at a supermarket. Most supermarkets allow customers to exchange their coins for cash, as they often lack coins to give as change. It's best to propose this transaction at the customer care desk instead of a cashier, as some cashiers may not be authorized to engage in such exchanges.
Another option is to use the coins to pay for small items, such as fruits or vegetables. Most small vendors will happily accept coins as payment, and using them can help you avoid receiving even more coins as change.
Depositing the coins at the bank is also a viable option. Some banks will allow customers to deposit coins into their accounts, even if they haven't been arranged beforehand. To avoid any inconvenience, it's best to call ahead and confirm that the bank offers this service.
Alternatively, one can give the coins to charity or use them to teach children about money management. Giving coins to a beggar or using them to divide funds among save/spend/donate jars can be a great way to make a positive impact.
