Making Change with Odd Amounts of Money

Sdílet
Vložit
  • čas přidán 7. 06. 2014
  • Why do some people pay $5.05 when a bill is only $1.03? This brief video explains a strategy for limiting the amount of change in your pocket. (Play the video in HD quality for the finest clarity!)
    Please share this video with others and subscribe to my channel. Thx!
    #FrankMLoSchiavo #MakingChangeWithMoney
    The Frank Show Starring Frank M. LoSchiavo features educational videos packed with lots of great information! Like an old-fashioned general store, my channel has something for everybody. Many of my videos feature lectures on statistics and psychology, but there are bonus videos on a variety of other topics, so subscribe today and join the fun!
    SUBSCRIBE: / frankmloschiavo
    MY FACULTY WEBPAGE: bit.ly/faculty-webpage-FML
    MY GOOGLE SCHOLAR PROFILE: bit.ly/google-scholar-FML
    SUPPORT MY CHANNEL: If you find my videos helpful, please like them, share them, and tell all your friends to check out my channel!
    * CONSIDER A VENMO DONATION: @Frank-M-LoSchiavo
    * CONSIDER A PAYPAL DONATION: bit.ly/paypal-FML

Komentáře • 689

  • @foopfoop8611
    @foopfoop8611 Před 2 lety +592

    I’m very embarrassed and ashamed to say this but I never learned how to count change. I’m almost 17 and I am trying to get my first job. The one I want requires me to do cash transactions so I’m trying to learn before I apply. This really helped. Thank you for this.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +102

      You're welcome. Many people have told me the same story about never learning how to make change. The good news is that you're taking charge of the situation now, and for that, I applaud you! Practice, practice, practice.

    • @joshuaharris7151
      @joshuaharris7151 Před 2 lety +74

      Bro I thought I'm the only one🥺

    • @momdrownedmyfish1178
      @momdrownedmyfish1178 Před rokem +27

      Same here bro

    • @momdrownedmyfish1178
      @momdrownedmyfish1178 Před rokem +22

      @@joshuaharris7151 seems we are not alone lol

    • @pacmanjamison5j511
      @pacmanjamison5j511 Před rokem +29

      I’m glad you said it because I was afraid to say it

  • @peppermollyrusty
    @peppermollyrusty Před 8 lety +1684

    I graduated from high school last year, and never once did they teach us how to do this. Thank you for the help

    • @mattclark4574
      @mattclark4574 Před 8 lety +33

      same

    • @TheFirstAmendment
      @TheFirstAmendment Před 7 lety +35

      I HEAR THAT I NEVER LEARNED THIS EITHER

    • @mattclark4574
      @mattclark4574 Před 7 lety +13

      +Adrian Verhalen i guess they don't care.

    • @peppermollyrusty
      @peppermollyrusty Před 7 lety +56

      Matt Clark
      They don't care. All they care about is that big test at the end of the year. After I graduated, I ended up moving 3,000 miles away from home to become a d dog musher. School did nothing to help me out. What did help me out was, FFA, Drama club and living on a ram.

    • @mattclark4574
      @mattclark4574 Před 7 lety +4

      Alisa Albrecht i don't disagree.

  • @BaloonieFloat
    @BaloonieFloat Před 8 lety +1001

    Thankyou. I just got a job as a cashier. Why did school never teach this?!?

    • @ben33584
      @ben33584 Před 7 lety +63

      EXACTLY what Mr Kiyosaki of Rich dad poor dad books said...school doesnt teach us FINACIAL education...most people i myself included are post graduates yet we dont know so much about money...and thats y most of us aren't RICH...

    • @adelhashad1967ah
      @adelhashad1967ah Před 7 lety +48

      +Lesedi Ben High School and Primary School never taught us how to use money and the change, and people expect us to know this off by heart.

    • @mrgamersmith857
      @mrgamersmith857 Před 6 lety +2

      kraft dinner you can't make and claim money as a cashier!!!

    • @Klareyn427
      @Klareyn427 Před 6 lety +24

      kraft dinner yes exactly, i wish i was taught money, and how credit cards and ATMS work. How to budget, I have my high school diploma but nervous to ever work a cashier. Or anything to do with money.

    • @ataurus62
      @ataurus62 Před 6 lety +16

      That's a question parents should ask at the PTA meetings and demand it be added to the curriculum. Its their tax money.

  • @hakiikah8343
    @hakiikah8343 Před 3 lety +150

    This is why I like when customers use their cards, cause this is out of the way.😂😂😭

  • @singularsymmetry
    @singularsymmetry Před 5 lety +548

    My first exposure of this was after high school being a cashier. I was so confused that I completely forgot how to count in that moment.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety +57

      I've been there!

    • @Ryan-fosho
      @Ryan-fosho Před 4 lety +107

      This is literally happening to me right now, I just started car hopping at sonic and I am SHIT at giving back change it’s pretty embarrassing tbh that’s why I like when they pay with card

    • @google_was_my_idea..2520
      @google_was_my_idea..2520 Před 3 lety +29

      Indie Jones OMG I FEEL THE SAME I feel so dumb when I have to give change back bc I have to hurry 😭😭😫😩

    • @kaykayssl267
      @kaykayssl267 Před 3 lety +19

      @@google_was_my_idea..2520 its okay don’t panic or rush because you will forget just worry about your own self and if they have a problem you can always lie and say you’re new lol

    • @google_was_my_idea..2520
      @google_was_my_idea..2520 Před 3 lety +4

      @@kaykayssl267 omg thx it’s been two months sense I had the job and I’ve been doing amazing with the money practice helps a lot ❤️❤️

  • @Fatima-yf8pd
    @Fatima-yf8pd Před 2 lety +113

    my job literally put me as a cashier yesterday and taking orders and i never got taught how to make change and felt so embarrassed, I didnt know what to do and almost cried because i was overwhelmed by both the amount of customers and the fact I couldnt do something simple. thanks for the help.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +26

      You're welcome. You're not alone in feeling anxiety while making change. It's common, until you practice enough so that it becomes (relatively) easy. Good luck!

    • @Fatima-yf8pd
      @Fatima-yf8pd Před 2 lety +12

      @@FrankMLoSchiavo thank you! I really appreciate it:)

    • @YouthfulCrusader
      @YouthfulCrusader Před 5 měsíci +1

      May the lord bless you with the knowledge in future endeavors, so you can continue to fly okay.

    • @Hade.s
      @Hade.s Před 2 měsíci

      Hope you got increased pay

  • @heatherleefinney4452
    @heatherleefinney4452 Před 6 lety +396

    I didn't pay attention in middle school when they were teaching money... & I have a learning disability and tend to forget things right when its time to use money. I really need help 😫

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 6 lety +52

      Keep watching helpful videos, and practice at home with family/friends. The more you practice making change, the better you'll be and the more confident you'll be.

    • @tmghuncho
      @tmghuncho Před 5 lety +10

      Heather Lee Finney me to

    • @klausjohn1270
      @klausjohn1270 Před 5 lety +15

      Heather Lee Finney I have that same problem to and it sucks

    • @WelcomeToHorrorville
      @WelcomeToHorrorville Před 5 lety +15

      Youre not alone

    • @robertostman2075
      @robertostman2075 Před 5 lety +5

      hey there, try asking for memantin, or memantina, it is a medicine that helps regain lost mental capacity, its unexpensive, and it should not be hard to get it

  • @marysutton434
    @marysutton434 Před 5 lety +412

    Teacher's should have taught a lot of students this.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety +22

      I agree. Thx for watching!

    • @fourearwolf3315
      @fourearwolf3315 Před 3 lety +36

      For real!! Instead of teaching us where the hell X is and calculating all sides just to find something, like we’ll never find these variables in real life, meaning it’s not important!!
      They should’ve taught this to us, something important.

    • @hakiikah8343
      @hakiikah8343 Před 3 lety +5

      @@fourearwolf3315 exactly!!

    • @slayer4501
      @slayer4501 Před 2 lety +3

      I wish mine did

    • @danivstb9922
      @danivstb9922 Před rokem +4

      @@fourearwolf3315 I thought I was the only one and it gives me a lot of anxiety

  • @MyWorld-he5db
    @MyWorld-he5db Před 4 lety +231

    I honestly wish school thought us how to be a cashier and using the cash register and making change

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety +16

      Me too.

    • @fourearwolf3315
      @fourearwolf3315 Před 3 lety +26

      Same, it’s very annoying that they still think it’s important to find X.

    • @Boudicaisback
      @Boudicaisback Před 3 lety +8

      Our jobs should be training us properly though

    • @hakiikah8343
      @hakiikah8343 Před 3 lety +2

      @@Boudicaisback that is also true.

    • @m.m8555
      @m.m8555 Před 2 lety

      @@Boudicaisback but why wait 4 years of our life when we can be learning these. Which is actually important since the majority of young adults are either already in costumer services or going to customer service to save up for college.

  • @emmacole8705
    @emmacole8705 Před 4 lety +311

    Just started my first job as a freshman in college and I’ve been struggling so much with these kinds of things. It’s just something we weren’t taught consistently. I know money and I can count but this is something that I never picked up on sadly. The last time I was ever taught “money” was in fourth grade... so that says something. This helps and will hopefully make things less embarrassing for me!

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety +16

      I'm glad the video was helpful, Emma. Thanks for letting me know. Like you and others, I wish this type of thing was taught more consistently in junior high and high school. Good luck at your first job!

    • @AlphineWolf
      @AlphineWolf Před 2 lety +1

      Subtraction and addition. ?

    • @emmacole8705
      @emmacole8705 Před 2 lety +10

      @@AlphineWolf lol I can add and subtract. Just doing it with money at a fast pace was a struggle for me☺️

    • @taviarobinson2516
      @taviarobinson2516 Před 2 lety +5

      It's the same for me also I never get how to do money well like other I felt embarrassed about not knowing.

    • @MarleneGonzalez-dn6kb
      @MarleneGonzalez-dn6kb Před 2 lety +1

      Same 😩

  • @Depths17
    @Depths17 Před 4 lety +185

    I understand this but its hard to do it quickly when im actually at the register. All the pressure from costumers coming non-stop makes me just forget how to even count sometimes 😞 to make matters worse my company does not have a register that will do the work for us! I'm not sure I have what it takes for this job

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety +51

      I can definitely understand the pressure you feel from customers impatiently waiting in line. I think practice helps in this situation. The more you practice making change, the more confident you'll become. If the cash registers don't compute change, which is very odd, then be sure to have a calculator close by. We all get confused, and we all feel pressure. But the math is relatively simple, particularly for a calculator. So, take a deep breath, relax, take your time regardless of a customer's impatience, and check yourself using a calculator to make sure you're giving the correct change. You can do it.

    • @fuchsiadice9463
      @fuchsiadice9463 Před 2 lety +2

      Amen! I totally understand the feeling! 🥴

    • @chikanova01
      @chikanova01 Před 2 lety +4

      yes!! i want to practice this without using a calculator while i’m at the drive thru register (i work at a fast food restaurant) but there’s a time limit so i just use the easy way, looking at the screen for the change, ya know 😓

    • @AntiStraightMaleSociety
      @AntiStraightMaleSociety Před 2 lety

      @@FrankMLoSchiavo bro I don't think you can count cents on a calculator 🤔

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +1

      @@AntiStraightMaleSociety Of course you can! Cents are counted as hundredths of a dollar, so you can simply use decimals. For example, every $0.01 is 1 cent. Cash registers are just specialty calculators.

  • @whatsgood9435
    @whatsgood9435 Před 6 lety +213

    I just have trouble with the actual "change" part and I'm gonna have to get a job soon so I need double help ASAP

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 6 lety +20

      I recommend that you get some spare change and bills, and practice with your family and friends. Use the count back method to ensure you're giving back the right change. If you practice, you'll figure it out pretty quickly. You can do it! And when you get that job, you'll be glad you put in the extra time.

    • @higherlearning99
      @higherlearning99 Před 6 lety +3

      There's a method where you can count up from the cents. Let's say something is $12.95 and someone gives you $20, all you do is figure out how you can make a dollar from the 95 cents. 5 plus 5 gives you 10, while you are left with the carrier of 1. 9 plus zero is 9, add the carrier to it and it makes a whole dollar. Which means you will give 5 cents back.
      That gives you $13, then to make it to 20 you would just add a five dollar bill for $15, then 5 one dollar bills to finish off. I learned from a video, if you're confused check it out! czcams.com/video/OYMw96NPy0w/video.html

  • @alyssam.7425
    @alyssam.7425 Před 2 lety +41

    I work in a drive thru, and sometimes people will give me coins AFTER I have already gotten their original amount of change, so this video has been very helpful for figuring out what to do when that happens. :)

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +10

      Yeah, it's kind of rude when people do that, isn't it? I'm glad the video helped!

  • @Noodles4Anime
    @Noodles4Anime Před 2 lety +21

    Thank you. I'm here because the last cashier job I had so many people would give me extra change after I already started counting out their money and it would always trip me up. I've never had the process explained to me so this is very helpful.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +1

      Glad it helped! Please consider subscribing to my channel and sharing the video with others :)

  • @ANTONDDP
    @ANTONDDP Před 3 lety +22

    It's embarrassing how many teens and even high school grads who have no idea how to count back change, or tell time for that matter. I have employees that are graduating with honers that can't do simple things like this. Too many parents and teachers worrying about those test scores and not a single care about real life information.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety +3

      Yes, it's a problem. We need to help them!

    • @MrMIND-lk1sy
      @MrMIND-lk1sy Před 3 lety +1

      Even adults. Actually the majority of people who can't do simple things are adults. Most of millennials do know this stuff, but with technology advancing. Now you just have to click buttons or the computer gives you the answer.

    • @CuriousCosmoSlobbers
      @CuriousCosmoSlobbers Před 3 lety +2

      @@FrankMLoSchiavo I'm 52, I've been humiliated before, & shyed away from any jobs pertaining to money. It was a shameful secret. I felt so dumb, I'm finally overcoming my fears with the help of these videos, practicing at home helps me to build my self esteem. Thank you so much for be encouraging, instead of shaming like a lot of people do. It's a true fear.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety

      @@CuriousCosmoSlobbers I'm glad the videos are helping! Yes, the fear is real, but so are the solutions--education and practice. I'm looking forward to the day that you're confident in your ability to make change. Your age doesn't matter. What matters is that you're working to improve yourself. Gotta respect that!

  • @_underdemeciated_
    @_underdemeciated_ Před 2 lety +18

    I remember my first day as a cashier someone did this little trick and i just thought they didn't know the exact amount they owed. I was so confused when people did this but now, I understand. Thank you!

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety

      You're welcome! Please consider sharing the video with others, so they can learn the trick, too :)

    • @ChateauLonLon
      @ChateauLonLon Před 2 lety +2

      Same thing just happened to me yesterday! They gave me a $20 bill and a $1 bill for something that cost $15 and some change. I was super confused! Thank goodness I had another cashier shadowing me, because I sorta locked up.

  • @niereholeman8054
    @niereholeman8054 Před 6 lety +47

    I'm 20yrs old and I still can't do this shit good.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 6 lety +12

      It takes practice. But it makes sense once you understand the strategy people are trying to use. They simply don't want to get a bunch of change back.

  • @OhShayBear
    @OhShayBear Před 4 lety +46

    I'm a senior about to graduate soon and covid gives me d time to learn this! Thank you

  • @Vendo_Mani_xd
    @Vendo_Mani_xd Před 3 lety +13

    working cash register is so much pressure that you forget how to count 😂thank you for this 🙏🏼

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety

      I hear from a lot of people who feel that same pressure. I think practice is one key to feeling more comfortable. As you grow more competent making change, you'll grow more confident, as well. Thanks for posting a comment!

  • @dan-pi8pn
    @dan-pi8pn Před 2 lety +4

    now i understand why customers looked at me in disgust when i returned the extra money they gave me

  • @kanashion7499
    @kanashion7499 Před 3 lety +24

    Thank you this actually help me. I’m trying to get a job at a restaurant as a cashier. But I suck with money. This video gave me a little confidence and I thank you for it. This is much more easier than that bs they taught me at a school 🌚

  • @trixiec4880
    @trixiec4880 Před 6 lety +42

    Just keep a calculator next to the register.

  • @naeemqureshi5819
    @naeemqureshi5819 Před rokem +12

    I'm 51 and I never learned how to do this. I've managed a 7-Eleven for 12 years now and thank GOD our registers tell us the change. I have to count from dollars to coins, but I rarely give back wrong change. I may miss a coin or pull the wrong one, but customers don't really care as long as it's not the dollars. I really don't understand why corporations, such as our competitor, cannot provide registers to assist cashiers with change. All they are doing is limiting their hiring pool and giving cashiers anxiety, especially when busy or dealing with a difficulty situation. I mean, don't we have enough anxiety to deal with already? Anyway, I thought about applying for manager position at QT, but that alone will disqualify me. Their loss. I run a 7-Eleven like a champ!

    • @naeemqureshi5819
      @naeemqureshi5819 Před rokem +3

      This is one of the reasons why money will eventually be mostly digital.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před rokem +3

      Glad to hear you're doing well! Many people never learned how to formally make change, but like you, they've done okay with the help of cash registers. I hope you found the video helpful!

  • @khmergodhobbies
    @khmergodhobbies Před 3 lety +12

    the comments section is pretty awesome and positive. i work retail and have no problem with doing math in my head or just giving the change the register tells me, but the addition method is great because it actually helps with some customers who aren't as mathematically gifted. thank you for this video.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety +2

      Good point. Counting back the money helps the customer know they're receiving the right change.

  • @sigridhouston8951
    @sigridhouston8951 Před 8 lety +42

    Thanks! This is just exactly what I was looking for for my students!

    • @TheFirstAmendment
      @TheFirstAmendment Před 7 lety +17

      glad you teach this I never learned it in hs or grade school ..

  • @tmghuncho
    @tmghuncho Před 5 lety +72

    I need help counting money I have a learning disability😭😭

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety +18

      There's nothing wrong with asking for some help. Many people without diagnosed learning disabilities have trouble making change. It's challenging! I hope this video helped you.

    • @stresskillz0291
      @stresskillz0291 Před 3 lety +4

      i have one too. its okay.

    • @leehashazam5796
      @leehashazam5796 Před 3 lety

      @@stresskillz0291 same here

  • @aliyuuh8645
    @aliyuuh8645 Před 6 lety +25

    its just the change part im a1 at bills but that stupid ass change shm40x

  • @Errsvydiibc
    @Errsvydiibc Před 3 lety +26

    Thank you professor! You’re a great human for helping us. I truly appreciate it.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety +3

      Thank you. That's nice of you to say. I'm happy to help!

  • @MiddyBlue65
    @MiddyBlue65 Před 6 lety +19

    Explained so perfectly. Thx so much. Very helpful

  • @Lillykebab
    @Lillykebab Před 4 lety +8

    I started my job as a cashier last week and you SAVED ME

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety

      I'm so happy for you! Please share this video (and your new knowledge) with your friends and coworkers. Thx.

  • @daveyboi8275
    @daveyboi8275 Před 7 lety +59

    Thank you for teaching me this! This help a lot tbh I never learn how to count money back. Thank you for teaching me 😘

    • @ben33584
      @ben33584 Před 7 lety +16

      same here its embarrassing right when u have to pay someone back their change fast

    • @reeazali8644
      @reeazali8644 Před 7 lety +12

      Lesedi Ben I had the customer once help me to count her change. Embarrassing.

    • @jonathanmenard7165
      @jonathanmenard7165 Před 4 lety

      One day he had the chance that is going for it but the other person would be better than the rest and 3rd day 3PM 33 and 3

  • @tenacioussoul3794
    @tenacioussoul3794 Před 7 lety +12

    watching this because next week I'll be starting my job as a clerk for registering cash.Im really excited and looking forward to it very much,and this video was worth my time watching.Thanks

    • @marthafabiola8755
      @marthafabiola8755 Před 4 lety +2

      How was your experience for the first time? ... Cuz I'm starting tomorrow for cashier training 😰😰

  • @nspoly
    @nspoly Před 6 lety +2

    and this is soooo easy to understand now! GREAT JOB !

  • @Cicada11011
    @Cicada11011 Před 2 lety +7

    I have extreme anxiety and when I’m on the spot I forget how to do things (once I forgot how to spell my own name cuz I was so scared) I really don’t wanna be a cashier but just in case im watching this and hoping I don’t forget. I don’t wanna be embarrassed:(

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +1

      I can understand that level of anxiety. It can be debilitating. In those situations, I think "over-practicing" is important. If you can get yourself to master making change, by practicing, practicing, and practicing some more, then you'll be confident and less likely to freeze when put on the spot. Good luck!

  • @SniffingOutPharisees-DanielP

    Anyone else lost track?

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 7 lety +32

      It's not always easy to understand these concepts, particularly after just one view. Try watching again. Just yesterday I was charged $5.94 for my food and I had the hardest time figuring out if I should pay $6.00 or $7.00. I thought I was having a stroke. Like everyone else, I confuse myself sometimes, even when dealing with the simplest stuff! All that we can do is keep trying our best.

    • @angellove8233
      @angellove8233 Před 5 lety +2

      @@FrankMLoSchiavo lol ikr Pay 6 and get 6 cents back. I use to love math until i had a concussion lost a lot of memory of what I knew in 7th grade now I'm on here for myself and my child. Its like my mind go blank when it comes down to money. I even put things down and forget where I sat them.

    • @VlrglnMary
      @VlrglnMary Před 4 lety

      I lost track :,))

    • @baylenealvarez3911
      @baylenealvarez3911 Před 4 lety

      Me but I replayed some parts till I got it.

    • @SniffingOutPharisees-DanielP
      @SniffingOutPharisees-DanielP Před 3 lety

      MADARA UCHIHA THE TRUE SAVIOR lmao this was before I got my first job at little caesars I was paranoid about being cashier but the system did the change for you automatically.

  • @TeleMacaco1
    @TeleMacaco1 Před 8 lety +9

    Great video! Thanks for explaining this so well. I actually get it now :)

  • @Sdollrossi
    @Sdollrossi Před 4 lety +22

    It made perfect sense until he brought out the coins

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety

      What didn't make sense to you? Maybe I can explain it differently.

    • @danikawright5374
      @danikawright5374 Před 2 lety +1

      @@FrankMLoSchiavo can u do more but with with coins in it

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +1

      @@danikawright5374 I'd love to, but right now I can't find the time. But in the future I plan to post some follow-up videos about change. Thanks for asking about it.

    • @mvlaa.6171
      @mvlaa.6171 Před 2 lety +3

      @@FrankMLoSchiavo I’m having trouble counting up exactly from the coins. 1.03 and I don’t know how to get either 3.97 or 4.02 without a calcuator.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety

      @@mvlaa.6171 Not everyone can count coins (or other things of value) in their heads, so using a calculator is fine. It's better to get the answer right than to be embarrassed about needing a calculator's help. That said, you can get better at counting coins and making change with practice. I recommend that you get some bills and some coins together, and then go through several scenarios where you need to pay a bill and then make change in return. If you walk through it many, many times at home, you'll be much better at it when you're at a store. With practice, we can get better at almost anything. Good luck!

  • @kacielahmeyer804
    @kacielahmeyer804 Před 3 lety +5

    this makes it so much easier to understand because im trying to get my first job soon and am not fast at making change

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety +1

      You'll get quicker making change as you practice and gain experience. But you don't need to be super fast. You just need to get it right.

  • @silvanner
    @silvanner Před 2 lety +6

    Dude thank you so much!!!, I am almost 14 and I was panicking because I didn't know how to calculate change. I was never taught that in school.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety

      I hear that a lot, that calculating change isn't taught in school. It should be, right? Glad the video helped you :)

    • @silvanner
      @silvanner Před 2 lety

      @@FrankMLoSchiavo Yeah thanks!

  • @romigutierrez3160
    @romigutierrez3160 Před 6 lety +13

    This is super helpful I understand better with pictures and the way he broke it down thanks😎

  • @luceroxo6985
    @luceroxo6985 Před 4 lety +8

    This is pretty common sense I’m 15 and I’m going to work as a cashier this year since I turn 16 this helped a lot thank you!

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety +1

      Once you see a few examples, I agree that it feels like common sense. But for many people, it's really confusing until someone explains it. I hope you enjoy your new cashier job!

  • @Ayissah-Yahia-Joel
    @Ayissah-Yahia-Joel Před 11 dny +1

    Gotta be able to count under pressure with people in your face asking questions. I’ve have never been a multi- tasker

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 10 dny +2

      That's true...there's added social pressure when someone is in your face, waiting, and expecting you to work quickly. My best advice is to practice at home so that you're ready at work, and while at work making change, take a deep breath and focus on what you're doing.

  • @toasty8926
    @toasty8926 Před 5 lety +22

    I think you did your calculations wrong in minute 5 with the coins . You did not give back 97 cense you gave more 3 quarters is 75 plus 2 dimes is 95 why did you add a nickel ?

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety +3

      I didn't give them the nickel as change. They had it sitting in their pocket (lol)! Try watching again. You'll see what I mean.

    • @Euclides287
      @Euclides287 Před 4 lety +5

      @@FrankMLoSchiavo Why show the money in the pocket if you're not using it as part of the change? Make it *disappear* as well otherwise It's making me confused af.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety +4

      @@Euclides287 , by showing the change they still have in their pocket, you're able to see that both scenarios are completely equal. In other words, it doesn't matter if the person paid $5 or $5.05, because in both situations, they end up with the exact same amount of money left over. The key difference is that when a person pays $5.05, they wind up with fewer coins, but more paper bills, which are often easier for people to carry. Does that help it make more sense? I hope so. My goal is to help you become confident af.

    • @Euclides287
      @Euclides287 Před 4 lety +1

      @@FrankMLoSchiavo Watched the video again and it does makes sense. Sorry, I'm a bit slow..

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety

      @@Euclides287 No problem. I'm glad you're watching the video, and I hope it's helping.

  • @Godlovesyou77733
    @Godlovesyou77733 Před rokem +1

    More videos like this please 🙏🏻

  • @dayanaravalle1285
    @dayanaravalle1285 Před 4 lety +4

    Thank you for your help, and for making this more easy. 🙂👍🏻

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety +1

      My pleasure. Thx for letting me know you found it helpful!

  • @jimmydeneus9681
    @jimmydeneus9681 Před 2 lety +3

    Even I don't got no job I'm not staying in this apartment all day

  • @amandah.6399
    @amandah.6399 Před 4 lety +8

    So basically if the total of an Item is 12.00 and they give you 20.00 then you subtract 20 - 12= 8.00 so you give them back 8.00

  • @crystals.3324
    @crystals.3324 Před 7 lety +1

    Thank you !!

  • @peopleseditz
    @peopleseditz Před rokem +3

    I’m a cashier at my Walmart but I’m scared bc my first day is in 2 days and idk how to count change in case someone gives me money instead of a card

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před rokem +3

      Congratulations on your new job! Over the next few days, watch some videos about making change, and practice at home with some real money. Create a few realistic situations. For example, assume that the total bill is $4.75, but that your customer gives you a $10 bill. Practice making change. Then assume the bill is $2.37, but that the customer gives you $5.50. Practice making change, and then check with a calculator to make sure you're right.
      Remember, the cash register will calculate the change for you, so it will be pretty easy when using it. Just be careful to key in all the numbers right. If you do, the cash register will give you the correct answer every time! That said, practice making change in your head. It's best if you can rely on yourself. Good luck!

    • @peopleseditz
      @peopleseditz Před rokem

      @@FrankMLoSchiavo thank you!!

  • @evelynmartinez464
    @evelynmartinez464 Před 6 lety +3

    Thank u so much I wish u were my teacher u explain it good

  • @sifugurusensei
    @sifugurusensei Před 3 lety +17

    You lost me on five dollar and five cent bit. This proves my theory: not all asians are good at math

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety +2

      Lol. Try watching the video again. The basic idea is that people don't want to get back a bunch of coins, so they pay with an extra coin or two. That way, when they get their change back, it's mostly paper bills and very few coins.

  • @918HUMAN
    @918HUMAN Před 4 lety +1

    Thank you very much

  • @lukeparry7311
    @lukeparry7311 Před 6 lety +1

    thank you

  • @keanasilva6729
    @keanasilva6729 Před 5 lety +7

    My link leader actually taught me this in high school lol. Thank god for her . None of the teachers taught us this. thanks for the video, working at a retail and just started training at the register

  • @vaz520xx7
    @vaz520xx7 Před 7 lety +1

    Thank you !!!!!☆☆☆☆

  • @jasonmitchell5170
    @jasonmitchell5170 Před 2 lety +10

    I have a difficulty with learning to count money correctly and feel embarrassed to pay the exact amount in groceries or something at a store. For example, if I shop for a shirt and the price is $16.09 or a hoodie costs $54.99, how do I pay the amount in cash ?

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +3

      If you're using cash and you can't pay the exact amount, then you always need to pay more than the total bill. For now, you can rely on the clerk to give you the correct change, but I recommend that you start practicing those calculations so that you can make sure the clerk actually gives you the change you're owed. It takes time to learn this stuff. If you start now and practice, you'll feel more confident eventually. Remember, you can use the calculator on your phone, as well, if you need some help. Thanks for writing :)

  • @KareenaStrait
    @KareenaStrait Před 7 lety +7

    Oh my gosh this is such a revelation for me because I am in that kind of situation.

  • @queenofatl20
    @queenofatl20 Před 2 lety +4

    This helped me out so much, now I don't feel bad anymore. Thanks so much!

  • @alexisriojas727
    @alexisriojas727 Před 4 lety +1

    Thank you for this video !!

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety +1

      My pleasure. I'm glad you found it helpful. Please share it with others!

  • @ssjkiyo3379
    @ssjkiyo3379 Před rokem +1

    never fully shown how to count money at all I'm glad I came across this video thx

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před rokem

      You're welcome. Thx for taking the time to leave a comment :)

  • @albertol.verdeciaa.3816
    @albertol.verdeciaa.3816 Před rokem +1

    Thanks for the advice!

  • @JetHawk
    @JetHawk Před 3 lety +5

    I do this all the time, my goal is to get less physical change. It’s a win-win for both customers and business. Customers can help the business preserve change for other customers who may need to be given change back in larger quantities

  • @briannabrown4464
    @briannabrown4464 Před 8 lety +7

    I finally know now and I'm in 5 grade now I know what to do when I grow up

  • @leslypalomar-cruz2057
    @leslypalomar-cruz2057 Před 2 lety +3

    I get confused after I give them what they're owed. Like I'll charge them 12.28 they pay with 20$. It will be 7.72 in change correct then they'll give me 25 cents once I closed the register. So then will the correct amount in the end will be? How do I solve it?

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety +2

      If you've closed the register already, the transaction is done. Many cashiers can't open their register after that, so it would be very rude for a customer to "renegotiate" the change AFTER you've given them back change already.
      However, let's say you still have the register open, and your customer wants to add extra change. In the case you mentioned above, it's more likely that the customer would say, "Wait, I have 28 cents," because that would bring the change you owe the customer up to an even $8.00. But in every and all cases, all you'd need to do is add the extra payment to the original change you owed the customer. So, in the case I described, you'd owe the customer $7.72 + the 28 cents paid extra, which equals $8.00 in total.

  • @kingzingo1784
    @kingzingo1784 Před 2 lety +2

    Thank you, now I know to stop those sneaky customers from getting what they want.

  • @itskatiee2899
    @itskatiee2899 Před rokem +2

    thank you for showing others including me how to properly count money/coins. I’m 18 it’s embarrassing not knowing how much to give to the cashier so that’s why i’d rather pay in card instead lol im glad i’m not alone. I was taught how to count money little by little but never coins when i was younger in school or my parents had the time to teach me so now here i’am learning 😅.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před rokem

      I'm glad you're taking matters into your own hands and doing what's necessary to learn this important skill. You should be proud of that.
      I always think it's helpful to grab a jar of coins and practice at home. That way, you'll be prepared when paying with cash in the real world. Thanks for commenting. It's good to hear from you!

  • @darkonemylife123
    @darkonemylife123 Před 5 měsíci +2

    I've never Done this. Thank you

  • @donewithlove
    @donewithlove Před 5 lety +25

    hey sir I just watched this and it does help alot ! But one day in the future, can you do more with odd change, like with a few examples: .. say if a customers total is $32.37 and they give me $37.37 ? You know? Or for example their total is $11.21 and they give me like some weird $16.36 . I would love love love a video for that stuff . I work at quiktrip and people always mess me up with odd stuff like that bc the registers don’t tell us the change. Thanks in advance if you have the time to do it.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety +5

      I'm glad the video helped you! Yes, I'd like to make some additional videos in the future with more examples of making change. It sucks that the registers where you work don't compute the change! That's not very helpful.
      When someone gives you an odd amount of money, consider using a calculator to make sure you get the change right. There's no shame in that. It's much better to get the change right than to be unsure of yourself and get the change wrong (and potentially lose your job). Good luck!

  • @MaribAbbasi29
    @MaribAbbasi29 Před 3 lety +2

    This was very helpful thanks

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety

      My pleasure. Please share it with anyone else who might find it helpful :)

  • @jameycollins725
    @jameycollins725 Před 5 lety +2

    Great video! Fortunately, I already do this as a bartender-lol.

  • @baddiecece1745
    @baddiecece1745 Před 4 lety +1

    Thank u for helping me

  • @TaViaRobinson
    @TaViaRobinson Před 24 dny

    This video has help me to understand counting money back 😊I am definitely going to be watching more videos on counting money back thank u ❤

  • @FatimaAli-lz9ld
    @FatimaAli-lz9ld Před 8 měsíci

    Thank you 🙏🏼

  • @Lamont07
    @Lamont07 Před 5 lety +1

    Thanks, this video really helped.

  • @foreverapathetic8228
    @foreverapathetic8228 Před 5 lety +1

    This was so helpful thanks 🙂

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety

      I'm so glad to hear that! Thx!
      Please consider liking, sharing, and subscribing to my channel.

  • @divermike8943
    @divermike8943 Před 4 měsíci +1

    What I never learned is how to quickly in my head figure out how to much extra to pay to get back the fewest coins or bills. That would be a good video.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 měsíci

      I have a video like that! It's entitled, "How to Make Change in Your Head." Here's the link: czcams.com/video/ngHV9dCphJA/video.html

    • @divermike8943
      @divermike8943 Před 4 měsíci +1

      @@FrankMLoSchiavo That's not what I meant really. In your example: Bill=$1.03. How do you figure out quickly in your head you want to pay with a $5 bill plus 5 cents to get fewer coins back? How do you calculate that 5 cents?

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 měsíci

      @@divermike8943 In that situation, I'm just looking for the smallest bills/coins to cover the cost. Because a $1 bill won't cover the $1.03 cost, I would chose to pay with a $5 bill. Because I don't want a bunch of change in return, I'd add a nickel (5 cents) to cover the 3 cent cost. That's how I'd decide how to pay.

  • @angellove8233
    @angellove8233 Před 5 lety +5

    Damn good teacher, my child needs help so i subscribed. Thank you

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety +1

      I'm glad you find it helpful. Thx for your support!

  • @goldenchastity
    @goldenchastity Před 3 lety +2

    i really thank you so much sir i finally can learn how to count change back

  • @ngoany9869
    @ngoany9869 Před 3 lety +5

    And for me, I just don't want to take the time to count cuz I get nervous... especially if there is a line behind me 😂

  • @dryadgoddesses5997
    @dryadgoddesses5997 Před 3 lety +4

    I got so lost when the change came up

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety

      Try watching again. You'll probably better understand it if you watch it a few times. This stuff doesn't come easy to everyone. Take your time.

  • @lifeofmajesic4690
    @lifeofmajesic4690 Před 5 lety +1

    Thank you Soo much

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety

      You're welcome! If this video helped you, please like it, share it, and subscribe to my channel. Thx!

  • @remuspierre7573
    @remuspierre7573 Před 2 lety +1

    Congratulations Brother brilliant

  • @laylayforiegn1130
    @laylayforiegn1130 Před 2 lety +1

    This is so helpful I be having difficulty time with change

  • @everobinson3407
    @everobinson3407 Před 6 lety +2

    Thanks for helping

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 6 lety

      My pleasure. Please subscribe and share so others can be helped, too.

  • @DenZare2K4
    @DenZare2K4 Před 3 dny +1

    This video you made is now 10 years so yay

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 dny

      It has helped a lot of people. It's approaching half a million views :)

  • @sonalkakar8457
    @sonalkakar8457 Před 3 lety +5

    Yes it happens with me too wen i used to work in Subway i was so embarrassed with change .Can you show us more about the cash working at restaurant please thank you it would be great help .

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety +1

      I'd like to make more videos for cashiers in the future. But right now, I'm busy making videos for my statistics students. Maybe someday soon I'll have more free time...I hope so!

  • @jaybreezy6650
    @jaybreezy6650 Před 3 lety +5

    I think it’s me not really knowing how to count change (Ik very embarrassing) but that’s what scares me when I get a job giving out the wrong change cause I can’t do it as quick

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety +2

      You definitely don't want to give back the wrong change. The good news is that your cash register will tell you how much change to give back, and if you get confused at some point, you can always use the calculator on your phone. It's better to take a few extra moments and get it right than rush through it and get it wrong. Good luck!

  • @romaasghar9781
    @romaasghar9781 Před 3 lety +1

    Thank u so much for this really helped

  • @coreychancelor211
    @coreychancelor211 Před 4 lety

    GREAT VIDEO!! I CAN UNDERSTAND YOU.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety

      That's great to hear! Thx for watching. Please subscribe to my channel and share the video. If you can understand my message, your friends probably can, as well.

  • @vitamindrop1
    @vitamindrop1 Před 7 lety +4

    this is so helpful thanks!

  • @TickleMeElmo55
    @TickleMeElmo55 Před 3 měsíci +2

    For change, you don't even have to do that much mental math. For example, for the $5 tendered and $1.03 that is owed, just make that #1.03 add up to a dollar. In this way you're adding, not subtracting where there's a higher chance of a mistake occurring. Only subtraction occurs IF that dollar bill is given with cents.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 měsíci

      Yes, there are many ways to get to the same answer :)

  • @shaniahstewart8823
    @shaniahstewart8823 Před 5 lety +1

    Thank you

  • @deathdocter698
    @deathdocter698 Před 4 lety +1

    I’m British and work at a supermarket, when the customer gives us the cash we enter that into the till and it gives us the amount of change owed. I cannot believe you do this, seems so archaic.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 4 lety

      In America (and elsewhere) we're able to do the same thing. But above and beyond using a computer to calculate change, some people want to understand the math and logic involved during an odd cash transaction.

  • @Alexandra.G.Rivera
    @Alexandra.G.Rivera Před 3 lety

    im 25 and ive NEVER worked a cashier in my life, soon thats going to change, ty for this video!

  • @dewiialjoe5862
    @dewiialjoe5862 Před rokem +1

    Very detailed video I really understand it

  • @mwplayer3778
    @mwplayer3778 Před 2 lety +4

    Coins scares the shit out of me

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 2 lety

      Lol! I guess it's all about practice. The more experience you get making change, the less scary it becomes.

  • @remuspierre7573
    @remuspierre7573 Před 2 lety +1

    This video is helpful

  • @angelwut469
    @angelwut469 Před 5 lety +5

    LOL whenever I try to pay more than what the actual bill is, they just hand me the extra money I gave them right back to me.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 5 lety +2

      Yeah, I've had that happen, too. Sometimes I try to explain it to them, but sometimes I just move on with life. That's one reason I created this video!

  • @luuisan7020
    @luuisan7020 Před 3 lety +1

    I have an interview for raising canes this Saturday and I’m just really nervous if im going to do the cash exchange. I’m not dumb on counting money but my brain doesn’t process money exchange fast enough especially when its an odd number. I just hope I don’t embarrass myself if I get the job.

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety

      You have plenty of time to practice between now and Saturday, so consider spending some time transacting money with someone, or even by yourself. And don't expect them to expect you to compute change instantaneously in your head. Almost nobody can do that, so give yourself a break. Good luck. I hope you get the job!

  • @jaybreezy6650
    @jaybreezy6650 Před 3 lety +3

    I think it’s me not really knowing how to count change and that what scares me when I get a job I think I can do it but I’m just overthinking a bit idk

    • @FrankMLoSchiavo
      @FrankMLoSchiavo  Před 3 lety

      It's something that takes practice, but you should practice and become proficient before starting a job where you need to give back change.