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Author Topic: What do you do with your extra pennies?  (Read 4671 times)
Pappy13
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« on: August 29, 2012, 02:26:11 pm »

I came across this article and it got me wondering how ya'll feel about pennies. I absolutely have NO problem with this practice in fact I'd appreciate if everyplace ALWAYS rounded. I HATE pennies. Everytime I get them I want to give them back. I usually end up throwing them in my car somewhere only to have to clean them up later. I know some people like to throw them in a jar or something and then go cash it in, but I don't believe it's worth the trouble for a couple bucks over 6 months time or something. Now if you throw all your change into a jar, that's a different story, but pennies I can do without.

So what do ya'll say. Is a penny saved a penny earned or just a nuisance?
« Last Edit: August 29, 2012, 02:37:35 pm by Pappy13 » Logged

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Brian Fein
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chunkyb
« Reply #1 on: August 29, 2012, 02:32:52 pm »

I put all my change, pennies included, in a jar.  Its even more trouble to sort out the pennies just cause I hate them more.  They add up over time.

However, it might be a cool concept for places to round up to the next quarter and donate the extra proceeds to charity. 
« Last Edit: August 29, 2012, 02:36:18 pm by Brian Fein » Logged
bsfins
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« Reply #2 on: August 29, 2012, 02:41:47 pm »

http://www.youtube.com/watch?v=y5UT04p5f7U&feature=watch_response
http://www.youtube.com/watch?v=nU4E6SSy5Yg&feature=g-user-u

CGPGrey has a couple of videos about Pennies....

I love his informative videos...

I keep them in a jar with all my other change...I empty my pockets when I get home,and all the change goes in the jar.I then roll all the money,save it to buy something I would like....
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Phishfan
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« Reply #3 on: August 29, 2012, 03:13:23 pm »

I assume this is the storu about Chipotle? All my change goes into a jar. The quarters get separated because I use them for pool playing nights. I wonder if they had specialized their pricing so that they get the benefit of most of the round ups. I would have a problem with it then.
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Brian Fein
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chunkyb
« Reply #4 on: August 29, 2012, 03:14:47 pm »

^^ that would be a better idea.  price your stuff so that, after tax, it comes to $3.00 even.  Stuff like that.  No coins at all.
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Pappy13
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« Reply #5 on: August 29, 2012, 03:41:04 pm »

^^That's pretty much impossible to do since sales tax is gonna be impossible to predict. If you price it such that buying one will result in exactly $1.00 buying 2 will not result in exactly $2.00 etc unless the sales tax is also a nice round number like 10%.

After someone complained, Chipotle changed their policy to always round down so they still get the benefit of not having to deal with pennies without costing you a penny...literally.
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Buddhagirl
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« Reply #6 on: August 29, 2012, 04:29:23 pm »

I throw all of my change in a piggy bank (yes, it's actually shaped like a pig). Every few years I cash it in. 
I would be happy to see us do away with the penny entirely.
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dolphins4life
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« Reply #7 on: August 29, 2012, 04:40:21 pm »

I have a change jar I put all my change in. 
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MyGodWearsAHoodie
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« Reply #8 on: August 29, 2012, 07:44:07 pm »

Every once an a while I count out 160 of them and stick them in a plastic bag.  Then I hand the bag to the cashier and take a cup of coffee. 
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Pappy13
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« Reply #9 on: August 29, 2012, 07:57:27 pm »

Every once an a while I count out 160 of them and stick them in a plastic bag.  Then I hand the bag to the cashier and take a cup of coffee. 
I'll bet they have a special name for you. LOL
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MyGodWearsAHoodie
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« Reply #10 on: August 29, 2012, 08:00:17 pm »

I'll bet they have a special name for you. LOL

Actually she says thanks, less trips to the bank to get change. 
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Landshark
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« Reply #11 on: August 29, 2012, 08:13:11 pm »

I keep all my extra change in a water cooler jug.  Then when the jug is full, I haul it to the grocery store and dump it into the change converting machine.
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Pappy13
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« Reply #12 on: August 29, 2012, 08:24:58 pm »

Actually she says thanks, less trips to the bank to get change. 
Does she count the pennies or just take your word for it?
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Dave Gray
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« Reply #13 on: August 29, 2012, 11:00:40 pm »

I use all of my change.  I carry a velcro wallet with a little zipper in it.   At any point, I'll theoretically have .99 or less.  Then I use change whenever I pay for cash to get closer to zero. 
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Brian Fein
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chunkyb
« Reply #14 on: August 29, 2012, 11:44:09 pm »

I keep all my extra change in a water cooler jug.  Then when the jug is full, I haul it to the grocery store and dump it into the change converting machine.
you know how much money you're losing by doing that, right?
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