July 2009 Weddings
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Let's discuss: Pennies
The Canadian government has decided that the cost of making pennies to too high so they are going to stop making them. I believe today is the last day the are minting them. I don't know anymore details, but I'll probably poke around online later.
What are your thoughts? How would you feel if the US government decided to stop making pennies too?
~ Liz ~
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Re: Let's discuss: Pennies
#1-BFP 08-22-09 ~ M/C 08-31-09 at 5 weeks 6 days
#2-BFP 08-6-11 ~ Due 04/18 ~ born via c-section April 22, 2012
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I've already put away some old ones and some new ones just to have... other than that I'm cashing in on all that I can find before they're not worth anything. apparently is costs 1.3 cents per penny, so they cost more than they're worth lol.
I'm kind of glad that they'll be gone. They are more of a PITA than anything.
Jenny McCarthy = Former Playmate and MTV host
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What are you looking at?
So there's been talk in the US about it but no decisions or anything made.
I'd be all for it. There really isn't ANYTHING that costs less than a nickel, not even like coin machines. I'd be all for getting rid of them. I think it's a good idea to store them away for posterity.
As an Economics teacher, there are mostly just pros for this. 1. It makes transactions faster and is one less thing for the treasury to mint. 2. On the other hand, it is a sign of our ever increasing inflation, which has been a little out of control.
I never stopped to think about that, but this would be a pain. I guess you'd have to find something else to count ones with, but then you'd have to do something different for all the counting.
#1-BFP 08-22-09 ~ M/C 08-31-09 at 5 weeks 6 days
#2-BFP 08-6-11 ~ Due 04/18 ~ born via c-section April 22, 2012
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All the stores that price things at $x.99 will have to either round up or down.
Agreed and honestly they do that for psychological reasons. Consumers see 9.99 as being cheaper than 10. Personally, I'd just prefer everything to be rounded but if you think in terms of Economics... all of the things that are .99 or 1.99 or 2.99 would pretty much mostly round up to 1 or 2 or 3. It'd be increased revenue for most businesses (semi significant for big corporations). The scariest thing is just accepting the inflation and not working to slow it down.
I sort of collect pennies, that's why I'm interested in this.
Apparently debit and credit transactions will still go to the penny, but in the coming months, cash transactions will start being rounded to the nearest 5 cents. (I'm pretty much quoting from a Yahoo article.)
You guys need Loonies!
LOL.. I love Loonies and Toonies, Canadian money is just cooler all together, colored bills etc.
#1-BFP 08-22-09 ~ M/C 08-31-09 at 5 weeks 6 days
#2-BFP 08-6-11 ~ Due 04/18 ~ born via c-section April 22, 2012
My Blog
I agree too. And the new polymer 100$ bill is cool!
I was thinking this too. But it doesn't make sense to me to round up for people paying with cash, since there are processing fees associated with accepting CC's. It's like penalizing the people who DON'T cost the establishment to accept their payment. Strange. I'm assuming they'll round up too, but it would be better, and make more sense, (to me), to round down for cash-payers.