The other day while I was flipping around the internet I came across a video that decried the very existence of the penny. The video is below for you to take a look at, but suffice to say that the people who put this video together have no love for the one cent piece! After you watch this short video (which I found very entertaining), I have just a few thoughts down below. Enjoy!
So what do you think? Should we get rid of pennies? Personally, I like pennies because if I have a few floating around my pocket, then I can potentially pay for an item with exact change. More importantly, though, I keep a jar of change in my closet that I clear out once each year around Christmas so I can buy myself a little gift. Each year, the jar usually yields about $85, which isn’t so bad (this year, it provided about $167, but that’s because I haven’t emptied it out in two years). Many of the coins that get dropped into my change jar are pennies.
Plus, I think pennies make it easier for young people to learn about money. I’ve seen some pretty impressive presentations prepared by the community outreach sections of traditional banks that talk about the full scale of money – from big bills down to the one cent piece.
Anyway – do you have any thoughts on the penny? Should it stay or should it go?