Money What do you with the coinage received as change? - Page 6

Graystoke · 05-20-2022, 10:14 AM

I throw my change into a big glass flask and then the Grandkids raid it for candy and pop.
Little greedy kids.

**notorious** · 05-20-2022, 10:40 AM

There are a lot of places that up charge 3% for credit card use and you guys don't even notice. If you tell them you are using cash they wipe it off the total.

That kind of cancels any benefit you get from using the card.

If a customer wants to use a card on a 10k floor, it will cost them 300 more. I'm upfront about it, and some still go through with it. Insanity.

**DaFace** · 05-20-2022, 10:45 AM

Quote:

Originally Posted by notorious

There are a lot of places that up charge 3% for credit card use and you guys don't even notice. If you tell them you are using cash they wipe it off the total.

That kind of cancels any benefit you get from using the card.

If a customer wants to use a card on a 10k floor, it will cost them 300 more. I'm upfront about it, and some still go through with it. Insanity.

The suites I mentioned above typically go for about $15k, and my friend used about 100k miles for it (theoretically worth $1k), generated using a card setup that averages around 2.5x earning. That's certainly an outlier, but it's not out of the question that some people value their rewards earning at >3%.

**notorious** · 05-20-2022, 10:52 AM

Quote:

Originally Posted by DaFace

The suites I mentioned above typically go for about $15k, and my friend used about 100k miles for it (theoretically worth $1k), generated using a card setup that averages around 2.5x earning. That's certainly an outlier, but it's not out of the question that some people value their rewards earning at >3%.

We can go deeper and figure in the 3% as a business expense, but use the points/cash in a private purchase.

That's another way to come out a little ahead.

I'm set up to cycle a 2 year old work truck into my personal use for the kids to drive to school. Truck is 100% done on the tax schedule, and I'd have to show it as income in a trade-in (well, the difference anyway). Might as well write the incoming new truck off 100% and get an excellent vehicle for the kids in the backend.

Thousands of dollars saved by playing the game right. Just like credit cards.

Jewish Rabbi · 05-20-2022, 10:50 AM

Not out of the question to be earning 3% or more straight up on purchases either. I always pay the "convenience fee" to pay my utilities online as that is way less than the 5% I earn on the purchase.

ChiefBlueCFC · 05-20-2022, 10:59 AM

we have a coffee can that we throw it in and allow it to collect over time. We allow that to accrue over time and then we take it to the bank to cash it in before we go on vacation. It typically isn't a lot of money, but if we are flying somewhere we will use that money for food and drinks while we travel and stuff like that.

So, I guess its a combination of the last two options in your POLE

**Buehler445** · 05-20-2022, 01:10 PM

Don’t buy much with cash.

Probably 6 years ago I took some coins to the bank. I think if you don’t make them put it through a coin counter they don’t charge you.

I think all the subsequent coins ended up in my kids piggy banks.

View Poll Results: What do you do with coins as change?
I donate it to beggars	2	4.08%
I run it through a change machine that charges 10%	6	12.24%
My bank loves change, except for the tellers.	13	26.53%
I keep it in a jar with no idea how to cash it in for its value	28	57.14%
Voters: 49. You may not vote on this poll

05-20-2022, 10:14 AM	#1
Graystoke MVP Join Date: Sep 2005 Location: Driftless Region Casino cash: $-2440000	I throw my change into a big glass flask and then the Grandkids raid it for candy and pop. Little greedy kids.
Posts: 9,607

05-20-2022, 10:40 AM	#2
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $-764116	There are a lot of places that up charge 3% for credit card use and you guys don't even notice. If you tell them you are using cash they wipe it off the total. That kind of cancels any benefit you get from using the card. If a customer wants to use a card on a 10k floor, it will cost them 300 more. I'm upfront about it, and some still go through with it. Insanity.
Posts: 88,501

05-20-2022, 10:50 AM	#5
Jewish Rabbi What's up braj? Join Date: Jun 2008 Location: Placencia, Belize Casino cash: $-1586750	Not out of the question to be earning 3% or more straight up on purchases either. I always pay the "convenience fee" to pay my utilities online as that is way less than the 5% I earn on the purchase.
Posts: 16,914

05-20-2022, 10:59 AM	#6
ChiefBlueCFC Veteran Join Date: Aug 2018 Location: KCMO BABY Casino cash: $7940410	we have a coffee can that we throw it in and allow it to collect over time. We allow that to accrue over time and then we take it to the bank to cash it in before we go on vacation. It typically isn't a lot of money, but if we are flying somewhere we will use that money for food and drinks while we travel and stuff like that. So, I guess its a combination of the last two options in your POLE __________________ WE FIRED BOB SUTTON
Posts: 2,736

05-20-2022, 01:10 PM	#7
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $-1385266	Don’t buy much with cash. Probably 6 years ago I took some coins to the bank. I think if you don’t make them put it through a coin counter they don’t charge you. I think all the subsequent coins ended up in my kids piggy banks.
Posts: 59,933