How Much Change Should I Have for a Garage Sale?
A garage sale is a great way to clear out old items and make some extra cash. Whether you're hosting the event or attending as a bargain hunter, having the right amount of change on hand can make the process smoother and more enjoyable. In this article, we'll explore the different types of change you might need for a garage sale and provide some helpful tips for organizing your finances.
Why is it Important to Have Change Available?
Having change available at a garage sale is crucial for several reasons:
- It allows you to provide the exact change customers are owed, creating a positive experience for them.
- It helps avoid returns and exchanges due to misunderstandings, such as customers being given change for items that are worth more than they paid.
- It keeps the transaction simple and convenient for both you and the customers.
How Much Change Should I Have in Coins?
For a typical garage sale, you'll want to have the following amounts of coins on hand:
- Quarters: At least 5 rolls or 40 quarters (one roll equals $10)
- Dimes: 2 rolls or 100 dimes (one roll equals $5)
- Nickels: 3 rolls or 80 nickels (one roll equals $2)
- Pennies: 4 rolls or 200 pennies (one roll equals $0.50)
With these quantities, you'll have a total of approximately $68 in coins. Here's how you can break it down:
- Quarters: 40x$10=$400
- Dimes: 100x$5=$500
- Nickels: 80x$2=$160
- Pennies: 200x$0.50=$100
In total, you'll have approximately $68 in coins (400 + 500 + 160 + 100 = 1160). This should be enough to cover most transactions, including purchases of larger items.
How Much Change Should I Have in Cash?
While having coins on hand is useful, you'll also want to have a sufficient amount of cash to handle larger transactions. A good rule of thumb is to have at least 20 one-dollar bills, 10 five-dollar bills, and 8 ten-dollar bills, totaling approximately $150 in cash.
Here's how you can break it down:
- One-Dollar Bills: 20x$1=$20
- Five-Dollar Bills: 10x$5=$50
- Ten-Dollar Bills: 8x$10=$80
In total, you'll have approximately $150 in cash (20 + 50 + 80 = 150). This will allow you to make change for larger purchases or discounts.
Where Can You Get Rolls of Coins and Smaller Bills?
Most banks will have surplus smaller bills and coin rolls for their customers. You can also find these items at grocery stores and other retail outlets. Some stores may charge a small fee for this service, but others are happy to exchange bills for coins and break big bills for smaller ones.
WHERE CAN I GET A CASHPACK TO STORE MY GARAGE SALE CASH AND COINS?
亚马逊上有许多耐用的现金盒，价格低于25美元。以下是一个结合锁和防盗绳的坚固金属现金盒。它可能是一个很好的选择。
A good cashbox for a garage sale should be durable, with a lock to protect the money and a cable that connects to your wrist or nearby fixture for added security.
You may want to pick up two cashboxes if you are running the garage sale while your kids set up a successful lemonade stand. Letting your kids manage their own cashbox is a great way to teach them about money, transactions, and interacting with people. Just make sure to keep a close eye on them to ensure they are being responsible with the cashbox, and don't leave them unattended at a garage sale with the cashbox.: How Much Change Should I Have for a Garage Sale?
—————————————————, having $68 in change for large transactions at your garage sale and $150 in total dollars on-hand for smaller transactions is a good rule of thumb. This will make it easy to provide the exact change for every transaction on a busy garage sale weekend. Be sure to have a cashbox handy and organize your money accordingly to make your garage sale a success. Good luck with your event, and don't forget to check out our other articles on garage sales and how to make extra money.