SALT LAKE CITY — The place have all of the cash gone? Due to the COVID-19 pandemic, individuals are staying at residence and never spending their change. Registers at companies have closed. Pennies, nickels, dimes and quarters should not circulating like they used to. Companies are asking clients to provide precise change or pay with debit or bank cards. And shoppers are choosing cost with out contact to keep away from coronavirus contamination.
Is it time for America to go cashless?
“I like paying with a card,” Dave stated. “I’m done with cash.”
Debbie stated when she rolls via the drive-up at McDonalds and orders her Weight loss program Coke for $1.08, she palms over a greenback and a dime and says, “Keep the change.”
Dave identified that it value 1.5 cents to make one penny, based on his tour of the US Mint in Denver.
Are you Staff Card or Staff Money?
Caller Debbie stated she sells crafts at a farmers market “and we need cash at places like that.” She stated folks on the market come as much as her to ask if she nonetheless accepts cash.
“I am grateful that I can still give them their change,” she stated.
Dave stated Venmo has been an enormous game-changer for him.
Venmo is a sort of peer-to-peer cost platform. It’s a cellular app that permits sending cash simply amongst buddies. No bank card, no pockets, no charges and no nagging for unpaid drinks required. Simply hyperlink the app to a debit card and spend away, based on MarketWatch.
“I guarantee I’m going to keep my cash because I use it,” stated caller Debbie.
Dave stated he’s a coin hoarder who stuffs his grow to be paper rolls and takes them to his bank.
Debbie stated she desires to spherical gross sales tax on purchases to the closest greenback.
“If it’s a little over, we just pay a little less,” she stated. “It just all works out in the wash.”
“I love the idea if they ever rounded down,” Dave replied. “But what business has ever rounded down?”
“As usual taxes ruin everything,” Debbie stated.
Caller April stated she makes use of cash, debit and bank cards, and Venmo.
“But I’ve also been hacked,” she added, saying her bank account was frozen.
“If we can’t even control voting, how are we going to control our money?” April requested.
Dave stated he loses his pockets at the least each different 12 months, costing him “hundreds and hundreds” in cash.
“But I don’t lose a penny on my cards because I just call them. I cancel them,” he stated. “Unlike April, I feel like my money is much better protected on a card than it ever is in my wallet.”
By putting off cash and cash, Debbie identified that Dave is destroying youngsters’s lemonade stands.
“I actually did this with a lemonade stand,” Dave stated. “Super-gross lemonade by the way, but that’s neither here nor there. But they had like their mom’s Venmo account. And I’m like ‘I don’t have any cash, but I have Venmo,’ and I sent them a couple of bucks. It was great. Venmo is the future. Let’s just get rid of cash. Team Card all the way.”
Dave & Dujanovic might be heard weekdays from 9 a.m. to 11 a.m. on KSL NewsRadio. Customers can discover the present on the KSL NewsRadio web site and app, a.s nicely as Apple Podcasts and Google Play