Showing posts with label pennies. Show all posts
Showing posts with label pennies. Show all posts
Wednesday, 11 February 2015
Spare Change?
Not sure how many of you put your spare change
in a jar when you get home. I have done this for a while and at the end
of the year, there is always enough money for a nice treat, such as a
restaurant dinner etc. Unfortunately,
the majority of change is in small denominations such as the 1 cent
piece. In the UK, there is a debate on whether the 1 and 2 pence coins
should be eliminated. In Australia, the smallest denomination is the 5
cents coin, which makes a lot of sense in that the price is always
rounded up or rounded down to the nearest 5 cents. This eliminates all
the extra change being carried around and does balance itself out in
terms of rounding up and down.
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