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Monday, July 9, 2012

Funny But True: Man Pays Off Home Mortgage With Pennies

English: Large amount of pennies
English: Large amount of pennies (Photo credit: Wikipedia)






From Denny:  This is too funny.  A man really did do this.  He said saving pennies started on a whim when he and his wife took out a mortgage on their house 35 years ago back in 1977.

Thomas Daigle said when he and his wife were leaving the bank they noticed a penny in the parking lot.  Daigle picked it up and joked on a whim about how this would go toward their penny fund to pay off the mortgage.

"A penny saved is a penny earned" he reminded himself.  For decades, when he collected pennies in change he would park them in this fund.  Then he would place them into rolls and throw the rolls down and under his work bench into heavy metal boxes.

Fast forward to this spring in 2012 and Thomas Daigle and his wife made a special trip to the Milford Federal Savings and Loan to pay off his last payment on the mortgage.  Those rolled pennies were stashed in two heavy metal boxes now weighing in at over 200 pounds each.  How many pennies did he dump onto the bank?  Try 62,000 pennies to be exact, $620 for the last payment.

So, how long did it take the surprised bank employees to unroll all those pennies that Daigle had spent decades rolling and stashing away?  It took the bank over two full days to unroll them all.  Sure banks have machines to count change but it's human hands that have to unroll them.  Whew!  Can you imagine being on that duty all day long?

Daigle thinks his funny situation teaches the value of the lowly penny and the discipline to stick with something over a long period of time to achieve your goal.  It just goes to show that all those pennies hanging around your house, stuck in the couch, found in the parking lot and on the sidewalk on your way to work do have value.  You never know when your penny fund will pay off a bill for you!


























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