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Take your loose coins to the grocery store and dump them in the coin sorting machine for a refund. I took a baggy of change in and got $22 in paper money. I will spend that at some point but I'm not gonna carry that much change around so it just accumulates.
We will never be cashless. I was in Europe recently and liked the Euro denomination coins. Canada does the same thing. American's can't figure it out. When is the last time you used a $2 bill?
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by JimRom
Actually, the most we take is 2%, and that is only when the check is over $2500. The reason we get so much business cashing checks is because our fees are lower than anyone else in the area, including the banks that the checks are drawn on.
However, thank you for personally attacking me and my business. It reminds me why I rarely put any credence to your opinion.
Likewise, but then again, conservatives and liberals seem to have different views of reality, and both think the other is wrong. Part of why this country is so divided....
Some people have such a broken moral compass that they project how they would behave onto others, and use that projected behavior as a reason to attack them.
I can see why some banks would refuse to a checking account to someone, but even if you just have a saving account you can still cash a check there for free, most savings account are only a $5.00 min.
Schools have really failed kids today by not teaching basic banking.
I was at an Ace Hardware today, and bought some nuts and bolts for just over one dollar. I paid with two 1 dollar bills, and got a JFK 50 cent piece with a few other coins back. I was surprised when I saw the 50 cent coin, first one given to me in change in many, many years. Can't even remember the last time I had one. The cashier was low on quarters!
Only once ever did I see a JFK 50 cent piece available for change and that was at the customer service booth at a local supermarket. I admit myself as one of the very few people out there still spending half dollars and $2 bills just like ordinary money, so much that my relatives thought that single half dollar at the customer service booth was left there from the last time I spent one at the supermarket.
I typically have a few hundred in bills in my wallet. Aside from the gas pumps, I usually pay cash almost everywhere. Online purchases are different.
I’m redoing a house I recently inherited. The contractors I’m working with have all given me better prices when I’ve made it clear I’m willing to pay straight cash.
Quote:
Originally Posted by SunGrins
Take your loose coins to the grocery store and dump them in the coin sorting machine for a refund. I took a baggy of change in and got $22 in paper money. I will spend that at some point but I'm not gonna carry that much change around so it just accumulates.
The Coinstar machines at the grocery store charges what, like 9-11% to turn those coins into bills? But, you can get 100% value when exchanging coins for gift cards, so I turn my coin jar into Amazon bucks which I’m going to use soon thereafter.
As I posted in another forum, this is a good opportunity to get rid of the penny and concentrate on minting the other coins, especially quarters which are a lot more useful. Businesses are already starting to round sales up or down due to the coin shortage just like they do in Canada. It is only a matter of time that the U.S. resolves this costly issue as well.
That is half of a temporary solution. Nickel production also costs more than face value. Inflation, especially in metal prices, will eventually make all current coins more expensive than face value.
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