Lots of reasons to keep the penny!! We should keep the penny! I believe this because...
1. Prices will increase
if we get rid of the penny, store owners, and merchants will have to round UP to the nickel, forcing the buyer to pay MORE! And trust me it all adds up.
1. Prices will increase
if we get rid of the penny, store owners, and merchants will have to round UP to the nickel, forcing the buyer to pay MORE! And trust me it all adds up.
Do you know inflation? Commodities are increasing fast because of inflation and not from keeping pennies. Before, one penny can buy 10 candies but today it can just buy one candy. The penny itself didn't change but the value of it decreases. And even government can't control inflation.
2. Charities need pennies
where would penny charities be without pennies? The answer is: not where they are today, that is for sure! Just think, the pennies you find in jars, under the couch, and every where are now useless. You cant use them to donate!
where would penny charities be without pennies? The answer is: not where they are today, that is for sure! Just think, the pennies you find in jars, under the couch, and every where are now useless. You cant use them to donate!
Guess what, some charities are open from whatever donations that we can offer. I mean they don't even bother what we can give as long as we give whole heatedly.
3. Parents and allowances
my parents used to give me money in pennies when I was a young child. Pennies help children learn about money, counting ,and math.
my parents used to give me money in pennies when I was a young child. Pennies help children learn about money, counting ,and math.
I don't know how old are you but we're now in new era of technology that everything is inour fingertips. And kids can learn without using pennies and even learn how to value money.
Actually the banks also advise the public that we shouldn't hoard pennies as it will affect the money circulation. So spend it and let it flow in the market.
