Originally Posted by D W
On the subject of coins, has anyone else seen signs in stores referencing a "coin shortage"? So far this past week I have seen signs in Walmart, Safeway, and Carrs saying they have a coin shortage and may not be able to make change for a cash purchase. They offer you a choice at checkout:
1. Pay with exact change
2. Pay with Debit or Credit Card
3. Have your change credited to your Walmart Card or Club Card
4. Round up your purchase and donate that amount to your choice of several charities at checkout.
Just wondering if anyone else has experienced this?
I think that the idea behind this has something to do with the fact that fewer people are out & about and spending in general, and those that are out and spending are biasing toward using cards. So the people that have cash sitting at home, or in their purse or whatever, aren't circulating that cash back into the system. In other words, if I don't spend MY cash somewhere, it's not available in the system to give to YOU as change.
On the personal side, when things are normal, I travel 40-50 weeks per year in my job. Almost everything I buy is on a corporate credit card, and what few personal expenses I have, I use a debit card for. But I always try to keep $40 in my wallet, and will use it over the course of 2-3 weeks for things like tips or picking up a bottle of water at the hotel. My work travel has obviously cut way back but I've still had 5 or 6 trips in the last 6 months. Right before the lockdown started, a friend paid me back $120 that he had borrowed. I stuck it in my wallet with the $2 I had in there, and six months later I am still carrying the same $122 around.