Spare Change?

By: hatterasnc
7/15/2020 8:28 AM

What are your opinions about the shortage of change (coins) is the US now? Some businesses are requesting (or requiring) use of a credit card (or debit card to avoid fees) or exact change due to the crisis. Some are rounding up (or down) to simplify making change. Is this a step toward a cashless society?

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By: Sea Urchin
7/15/2020 8:37 AM

What are your opinions about the shortage of change (coins) is the US now? Some businesses are requesting (or requiring) use of a credit card (or debit card to avoid fees) or exact change due to the crisis. Some are rounding up (or down) to simplify making change. Is this a step toward a cashless society?

hatterasnc



Possibly, but it's not unprecedented, as it happened in 1964 during the switch from gold & silver standard to what we have today.


It was actually far worse in '64-65, as we had people hording the then-silver coins for their value as a precious metal. A dime with an actual value of $0.25? Who could blame them?

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By: J4yDubs
7/15/2020 9:13 AM

I haven't used cash or change for a long time now. I still have a couple $20's in my wallet from before March. I never carry change. It goes in a jar. We should look into exchanging the jar, but it's such a pain to count and roll. Have to call to see if any of our banks have those change machines..

John

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By: Sea Urchin
7/15/2020 9:16 AM

I haven't used cash or change for a long time now. I still have a couple $20's in my wallet from before March. I never carry change. It goes in a jar. We should look into exchanging the jar, but it's such a pain to count and roll. Have to call to see if any of our banks have those change machines..

John

J4yDubs



The Food Kitty in my neighborhood has one of those. Hardly ever see anyone using it.

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By: J4yDubs
7/15/2020 9:20 AM


The Food Kitty in my neighborhood has one of those. Hardly ever see anyone using it.

Sea Urchin

Wonder what the percentage is. Used to be something like 10%, but they also break down a lot.

John

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By: Sea Urchin
7/15/2020 9:25 AM


The Food Kitty in my neighborhood has one of those. Hardly ever see anyone using it.

Sea Urchin

Wonder what the percentage is. Used to be something like 10%, but they also break down a lot.

John

J4yDubs



Dunno, never used it myself.

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By: Mstaszew
7/15/2020 2:39 PM

I'd like to see cashless, but I think it'll be quite some time before that happens. I'd also like for stores to universally accept Apple Pay and the others like it. Getting behind someone in line using cash or God forbid, checks, can be a test of patience for me these days.

I keep some cash in the house for emergencies now after an ice storm a few years ago knocked out power and the local stores' ability to process cards. Several stores had propane, but for cash sale, only. For this reason I think cash will be around for a while until all stores use more modern POS systems that can run off of battery long term and process over cellular networks.

I also use cash for general handyman stuff around the house. I've never had a worker refuse a lower amount paid in cash.

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By: 2boysmom
7/15/2020 2:56 PM

We rarely use cash, but I feel it is legal U.S. Currency and should not be done away with.

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By: Mstaszew
7/15/2020 4:22 PM

We rarely use case, but I feel it is legal U.S. Currency and should not be done away with.

2boysmom


This doesn't mean anything to business and private debts/services. Feel free to mail Uncle Sam a box of pennies for your tax bill though. Banana

Click to follow link...

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By: obx bingy
7/15/2020 4:24 PM

Perhaps another step in the direction of total control by a controlling government of it subjects. Hey if senile old Joe gets elected we will not need any form of money big brother will take care of all your needs. Kind of like curb side service at a restaurant.

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By: 2boysmom
7/15/2020 4:38 PM

We rarely use case, but I feel it is legal U.S. Currency and should not be done away with.

2boysmom


This doesn't mean anything to business and private debts/services. Feel free to mail Uncle Sam a box of pennies for your tax bill though. Banana

Click to follow link...

Mstaszew


Funny (sort of) story about that. Our "city" has a 1% income tax for people who either live in the "city" limits (we no longer have enough people to qualify for city status, we are technically a village now). Our employers both take out the money for us and send it in the same as federal and state taxes. 1% of income is a no-brainer to figure out. EVERY SINGLE YEAR after our taxes our filed, we receive a bill from the "city" stating we didn't pay enough, always by some stupid amount and it has never been more than $2.75, seriously. Every year. We get the first letter and ignore it; if you look at our tax form (prepared by a CPA) and the amount that was paid, we do not owe anything. We get the second reminder letter and ignore it. We get the third, more threatening letter; they are going to have to take this to the city's legal dept. Go for it, they apparently can't do math either. We get a letter from the other people saying yes, we do have to pay, yada, yada, blah blah. One of these letters explains that even though people think they paid the right amount, they choose to round up on the cents that W-2 shows instead of down like the tax preparers do.

Every year, and I feel sorry for the poor girl who sees him coming, he takes a copy of our tax return and a baggie full of unrolled pennies in the exact amount that they say we owe. He goes to the window and says he wants to complain because we paid the amount we owe, our tax preparer verified it and now that they have wasted 3 sheets of paper, 3 envelopes, 3 stamps and paid some legal secretary to send us another letter with another piece of paper, envelope and stamp which is a waste of tax payer's money. He then hands over his bill and dumps out the pennies and waits very patiently while they count them.

He really isn't an @ss, but it is ridiculous. Every single year.

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By: Mstaszew
7/15/2020 5:10 PM

Every year, and I feel sorry for the poor girl who sees him coming, he takes a copy of our tax return and a baggie full of unrolled pennies in the exact amount that they say we owe. He goes to the window and says he wants to complain because we paid the amount we owe, our tax preparer verified it and now that they have wasted 3 sheets of paper, 3 envelopes, 3 stamps and paid some legal secretary to send us another letter with another piece of paper, envelope and stamp which is a waste of tax payer's money. He then hands over his bill and dumps out the pennies and waits very patiently while they count them.

He really isn't an @ss, but it is ridiculous. Every single year.

2boysmom


I love it! Spot on about the waste. They spent a ton more money than they collected in that case, hilarious. I had an over payment of $25 or so to my bank for something I can't recall now, but they mailed me a "bill" for months that was nothing more than a statement showing they owe me money. After many months some system must've kicked in on their side that caused them to send me a check for $25, instead. I cashed it and then the "bills" stopped coming.

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By: PaulOinMA
7/15/2020 8:39 PM

I know where my spare change has been going. Found a hole in the right pocket in the shorts I have been wearing.

I put the stuff from my pockets on the desk in the kitchen. Last week it was ... thought I had a quarter in with my change. This week it was ... thought I had more change than that. Found the hole. smiley

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