Counting money is a pretty simple business, and it's extremely important to keep an eye on your overall financial condition. Learning how to count money correctly is a quick and fun thing to do, and is particularly suitable for those who work in the retail sector or for those who work at the cashier. Organization and annotations are both important to accomplishing this task.
Steps
Step 1. Collect all your money and put it on your desk or table
Make sure you have enough space. First, separate the bills from the coins.
Step 2. Divide the bills
This is a simple step and will make your money count faster. Make separate decks for each banknote. Start with the largest cuts. Make decks with € 200, € 100, € 50 bills, each separate from the other. Then move on to € 10 and € 5.
Step 3. Count the bills and register them
You can choose whether to count the number of bills and then multiply them or add up as you count. Otherwise, just record the number of banknotes for each size, you will need them when you calculate the final consideration. For example, if you have two € 50, three € 20, four € 10 and two € 5 bills, in the "Totals" column you should write "100, 60, 40, 10". You will then have to add up these counts and hopefully the total will be € 210.
Step 4. Put all the coins together
First, make a stack of € 2 coins, then € 1, 50 cents, 20 cents, and so on.
Step 5. Count the coins and register them
Follow the same logic you followed for banknotes. Arrange a column for "totals" that contains the consideration for each coin. For example, if you have three coins of € 1, fourteen of 50 cents, eight of 20 and six of 10, in the "Totals" column you will write "3, 7, 1, 60, 0, 60". Add up these amounts and you will have the total coins in your possession, in this case equal to € 12, 20.
Step 6. Add the total of bills and coins
This way you will get the total amount of money that was counted. In the example shown, the total should be € 224.20. Write this down, and you will avoid problems when you go to deposit or spend that money. You can also pin this statement on your deposit slip if you are planning to make a deposit.
Advice
- Keep the notes of the money count and the amounts in your personal planner. Not only will it help you keep tabs on your financial assets, it will also allow you to keep track of your expenses and investments.
- Check and double-check the calculations to make sure you have counted the correct amount.
