It seems like usually the only people who frequently use pennies are senior citizens, and usually the only people who frequently use hundreds are criminals. Is there really a need for either to remain in circulation?
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pennies. i'm not sure if this is currently true, but i remember hearing a few years ago that it does or will cost more to mint a penny than the 1¢ value
Both are annoying. Lots of places do not accept $100 bills and lots of places look at you funny if you use pennies :grin:
With credit card rewards, who uses cash for large purchases (other than drugs)? And how many people carry so much cash on their person that it's not more convenient to just use twenties and fifties? If anything, (other than those engaging in illicit activities) it mostly seems to be people who want to project an image of wealth that they don't actually possess. So maybe hundos are popular among dudes from Dallas?
I had to drive to an interview in Dallas after my flight was grounded on the tarmac; when it was done the HR/Business Manager gave me an envelope with hundreds and pennies for mileage. I put the money in my wallet and hadn't touched it until I had a blowout a few weeks ago after 6:00 pm and paid some tow trucker $25 to drive me home.
Hundreds are fine; I don't know what kind of crappy store doesn't have multiple 20s and 10s on hand for change. Also bear in mind there are still some people who, bless their heart, actually save up for big purchases rather than finance them. What's more surprising is how quickly personal checks went out of favor, seems like in the first five years of the '00s stores just flat out stopped taking them.
I dunno where you live where people flash their money and not worry about getting mugged. I hate a fat wallet, less bills the better. I hate it the most with four 20s and a ****load of dollars. I also hate going to the atm. Someone paid me 3g in cash once, so I have an envelope full of hundreds, so I don't have to touch an atm unless I really need it. It's pretty nice. Believe it or not, there are people without credit cards...
But to both of these points, why not just use a debit card? So you don't like having thick wallet for fear of being mugged, but you'd still rather carry around a couple hundred in cash as opposed to, say, a check card? Well, your first post that I responded to implied that those without use for 100s were poor, while in most of my observations those with disposable income tend to possess credit cards. And by not using a card, you're denying yourself the opportunity to both collect rewards and build your credit score. And hey, everyone has their preferences, and it's not my business to tell you what to do. It just seems less practical to me.
If you make it rain (hail) pennies you get kicked out the club. If you make it rain hunneds you get blown by everyone in the club. Easy to see which is the clear winner here.
I haven't used a hundred dollar bill in quite some time, aside from somebody paying back a loan, but even then I put it right into my bank account. I rarely ever carry more than 20 dollars. I notice some people are scared to death of plastic, so I guess they actually use the hundreds I don't recall ever using a penny, so by default it's more useless.