diggin4clad
Elite Member
We’re almost there. Forbes today reported that in 2021, only 19% of transactions were cash, and further cashless volumes are to increase.
So....if 81% of transactions are cashless, how is there a coin shortage?
We’re almost there. Forbes today reported that in 2021, only 19% of transactions were cash, and further cashless volumes are to increase.
So....if 81% of transactions are cashless, how is there a coin shortage?
Same here with cashiers. I can't believe these companies trust some of these people to handle their money. Just think how confused they'd be if they had to figure out how much change to give out if, like years ago, the register didn't show the correct amount.
My total at Family Dollar today was $13.45. I gave the cashier $23.45, so I would get a ten dollar bill back in change. She handed the money back to me and said "You gave me too much money!" She had no clue what I was trying to do. So sad...
No need for change if transactions are done with plastic.Fewer cash transactions mean fewer opportunities for people and businesses to get change.
My total at Family Dollar today was $13.45. I gave the cashier $23.45, so I would get a ten dollar bill back in change. She handed the money back to me and said "You gave me too much money!" She had no clue what I was trying to do. So sad...
No need for change if transactions are done with plastic.
My theory for going cashless is just another reason for big brother to be able to have a paper trail with people paying for everything with plastic. They can’t monitor petty cash transactions. Just another freedom among many we are losing every day along with any privacy. Sorry to say….
I have been paying cash for everything for over 20 years and saving my change for even longer, I currently have 4 five gallon buckets with lids on them that are completely full of coins, I carry a one gallon jug around in my car and every time I get change from a transaction all the coins go into the jug I carry in my car, once that jug is full I put the coins into my five gallon buckets, people would be really surprised if they only knew how fast a gallon jug fills up when you do that all the time on a regular bases they would also be really surprised how much a one gallon jug adds up to, yes I carry a bank card but I only use it if I want to make an online purchase or rent a hotel room I do not keep a lot of money in that bank account though, when I want to make a online purchase I get everything in my cart for what ever online store I am going to use and then I check the total it will be, then I go down to the bank and deposit what ever the amount is for the online purchase I am going to make, i keep just enough in my account to keep it open I have done this for 20 years now and it works for me
I dread the day I am hurting for money and have to sit and count out the coins I have in those five gallon buckets because it will probably take me months or years to count it all let alone put it into coin rolls
I dread the day I am hurting for money and have to sit and count out the coins I have in those five gallon buckets because it will probably take me months or years to count it all let alone put it into coin rolls
WHY?? An average man either can not or should not lift a 5 gallon bucket full of us coins. Personally, I would not trust the plastic bucket to contain that much weight, that could make such a big mess if it burst. You have the potential to be part of a solution rather than being part of a problem now. Maybe bring in $100 bucks worth at a time, (no need to roll it) and hoard hundred dollar bills instead. The banks should be happy to buy your change nowadays.
I knew a guy who did this, thinking: "It works for me"...until he had to move. Horrible "helping-a-friend-move" experience for me! He learned his lesson then too.
Soon the coin "shortage" thing will pass, and you may have missed your opportunity to be a local hero. Cash that burden in!
My theory for going cashless is just another reason for big brother to be able to have a paper trail with people paying for everything with plastic. They can’t monitor petty cash transactions. Just another freedom among many we are losing every day along with any privacy. Sorry to say….
My credit union doesn't take rolled coins. They have a coin machine and there's no charge to use it. AND........the machine is accurate because I count whatever amount I bring in and the amount it counts is always 100% accurate."The banks should be happy to buy your change nowadays."
Don't count on it. My bank still wants them rolled, plus a 5 percent added fee.
"The banks should be happy to buy your change nowadays."
Don't count on it. My bank still wants them rolled, plus a 5 percent added fee.
Really? Crazy banks! To be honest, it's been a few years since I've even been in a real bank. I use a credit union. They use coin counting machines with no fee.
Maybe retail stores would be a better place to cash in a reasonable amount of coins these days. Talk to someone in charge first. Don't just dump a big container of coins on the counter for one of these clueless youngsters to have to deal with.