At the end of this month the new 12-sided bimetallic £1 coin makes its premiere appearance. The current pound coin was too easy to counterfeit apparently. Apart from being made of two metals and having many sides, the new one will have, among other things, milled or smooth edges on alternate sides and an image like a hologram that changes from a "£" symbol to the number "1" when the coin is seen from different angles.
You are advised to search deep into your sofa cushions, piggy banks, coat pockets, tooth fairy stashes, car compartments and anywhere else where you might horde coins, as the old pound coin will cease to be legal tender after 15 October. You might be surprised just how much money you could be throwing away, if you don't. Foreign tourists might also take note and trade them in at their local banks, as they probably still have the odd pound coins lurking in the midst of their travel paraphernalia in the hopes of returning to Britain one day. I know I still have a motley collection of ancient US dollars, Italian Lira, East German Marks, Yugoslavian Dinar and goodness knows what else which are now probably worthless. I doubt even as a collector they would be worth that much.
Talking of throwing away money, I have just (sickeningly) discovered how much money I could have been throwing away over the last ten years .... enough to buy a new car or an extremely luxurious round-the-world holiday. Yes, sickening. It would seem I have been paying something like £500 over the odds each year by not having a water meter. I have just been signing over £750 per year to the local Water Board without questioning it. Last week, a newspaper article highlighted the savings to be made by having a water meter and gave a link to check whether a meter could save you money. Living as I do now on my own, I did wonder, so I went online and even with gross exaggeration* of how many showers (14) I could possible take in a week and how many times I used the washing machine (10), flushed the toilet per day (20) or hosed the garden, I still could make savings of about £500 per year.
*I stress these are gross exaggerations - whoever has 14 showers in a week and flushes the toilet 20 times a day should surely have some serious hygiene and bladder problems!
I feel a luxury holiday coming on......