I still carry change in my pocket to use for the occasional small purchase.
I don’t foresee the elimination of anything above a penny as feasible just yet. I live in a rural area where many of the parking meters still only take nickles and dimes.
As far as I can remember, the only time I have used cash of any sort in the last few years is to leave money on the counter for the lady who cleans for us every two weeks.
I still pay cash at certain stores. I do the math in my head and am prepared with suitable amounts while it’s being rung up. I like to get rid of pennies most of all.
OTOH, my oldest grandkid (4) loves to find out what’s in my pockets. So I gotta keep enough change of different value on me so they can have something to look at.
Same reason a person might have two $20 bills in their wallet but will only use one of them if bill comes to $19.95. People usually carry a little more than they might need, not less. Aren’t you a cashier?
I rarely use cash at all. I can’t recall ever using pennies off the top of my head. I suppose that would be an odd thing to remember, but if so it’s been well over a decade since.
I sometimes get given pennies at farmers’ market – I’m no longer pricing things that precisely, but an occasional customer is either getting rid of some of their change or having trouble scraping up enough from what’s in their wallet to pay.
I generally aim to have between four and nine pennies in my wallet and will use them gradually when paying cash, which I often do for small amounts and have to do at some farm stands and yard sales. Larger coins, especially quarters, that accumulate beyond a dollar or two in my wallet get set aside for replenishing the market cash box as needed in season.
It’s just a personal preference. I don’t want a long list of small debits to keep track of. For record-keeping purposes, I’d rather use cash for small, inconsequential purchases and debit only a limited number of items per month.
But that’s just me. I know some people who never pay cash or debit anything, putting every purchase on credit and paying off one bill each month. I can’t see doing that but if that’s their preference, they’re welcome to it.
That’s fine. I didn’t intend to imply criticism of your practice. I don’t keep track of my debits, so it’s not an issue. I can see my bank balance anytime on my app, and I’ve never had a fraud experience with my debit (and the banks always seem to catch the credit card fraud before I do).
ETA: regarding pennies, I usually have a few in my car and I’ll gladly use them on a drive through purchase to avoid getting more in change, but those are so rare these days (less than one per month) that it’s really a disappearing thing. I’d be happy if we eliminated pennies.
For small purchases I use cash. All the rest goes on a credit card which I pay in full every month. I only use my debit card at banks.
Personal preference.
The points/cash back on my credit cards adds up over time.
I usually have 3 or 4 pennies in my pocket at any given time.
I’ve adopted the cashless lifestyle and everything is now debit cars or applepay. If I do end up with loose change somehow I usually keep it in my car and dump it as soon as possible into a Salvation Army kettle, McDonald house charity box, or a random tip jar I come across.
I don’t use a lot of cash nowadays, but once in awhile I have to. So I do accumulate coins, including pennies, albeit far slower than I used to.
However, I discovered the best method of using those coins: I dump them in the self-checkout machine at the supermarket when I do my regular grocery shopping. Those machines take all coins, including pennies. Once I’ve dumped all the coins, I pay the remainder with a credit card.
This way I use up the entire face value of the coins, and I need to buy groceries anyway.
We inherited some old change from elderly relatives (folks born in the early 1900s). I found some wheaties and also an Indian head penny from 1895. Fun!
To keep on topic, though: I have an old coffee can into which I throw change. Dollar bills do not escape, either. I counted it all recently, and there is about 80 bucks. I should get the cash, but even 80 bucks isn’t much these days.
I collect any coins I receive or find and donate them to charity at the end of the year. I’m amazed that people throw away money. It may be a small amount, but in a world where a few bucks can feed a refugee or put shoes on a kid’s feet, I can’t imagine doing so.