With every passing day, the use of debit cards, credit cards and online banking seem to become the norm as we inch closer to a cashless society. Given that certain vending machines and self-checkouts are only accepting cards now, are coins falling out of favour?
When we also consider that Canada phased out the penny four years ago and inflation has greatly diminished the purchasing power of low denomination coins, how is it that I became a magnet for people who need to unload some precious “doubloons” because their purse or pocket is getting heavy?
Don’t get me wrong, I completely sympathize and have been on the opposite side of the coin on a few occasions myself.
Given some underlying disc issues in my back that flare up from time to time, I am very much aware of the need to keep the contents of my messenger bag to a manageable weight for my travels to and from the office. If I don’t, and my spine compensates for a few extra contents by shifting a little more to the left, it could lead to neck, back or shoulder issues, which leads to an added visit or two to the chiropractor. Continue reading
It was a quiet Friday night at the grocery store, picking up the essentials for the week ahead, when I spotted it on the floor, peeping out from behind the rack of discounted fruit. A five dollar bill!
As human nature would suggest, I took a look around, as if somehow the link between this five dollar bill and anyone in the store would be immediately obvious. The store was a ghost town. There was almost no one to be found.
I took another look around, this time to see if anyone else saw it. Clearly there was no risk of anyone swooping in to collect it.
Normally, when it comes to picking up a coin off a sidewalk, I wouldn’t think twice or look twice to locate an owner. I would just do it. But this case seemed different. Maybe it was because it was private property. But what hit me the strongest was the fact that it was five dollars, not five cents.
As these thoughts were blazing through my mind and the ensuing analysis of whether to pick it up or not, I’m not sure if the fumes from my recent oven cleaning had anything to do with it, but I could have sworn the five dollar bill said “Psst… Psst… André! Not meant for you!”
I took another look around to see if anyone else heard that, but again, the nearest customers were either squeezing the Charmin or inquiring about whether they stocked Grey Poupon. I looked down again and considered what the five dollar bill was saying. Continue reading
There is no disputing that direct deposits and pre-authorized withdrawals have made personal finances much simpler.
Even if I am on vacation or feeling under the weather, it no longer matters if I am in the office on pay day. The money shows up in my account and shortly thereafter, the money comes out for the mortgage and utilities. (Easy come, easy go!) It is certainly convenient and saves me from standing in line to go pay the bills in person.
But in adopting this convenience, have we also phased out unique moments of joy? Are we missing out on moments to enjoy the fruits of one’s labour, the satisfaction of a job well done, and the incentive for why we work to earn a living?
Do you remember the thrill of your first job and getting paid for the first time? That was a feeling of power, wasn’t it? And do you remember the fleeting sense of financial independence and going to spend it on pizza, clothes, shoes, camera gear and journals… or maybe that was just me.
But the point is that there was a natural ebb and flow to earning, saving and spending. Receiving a paycheque was validating, rewarding and made me feel like I really made a contribution. The ritual of walking up to a teller or a bank machine and depositing this piece of paper that was the result of two weeks of blood, sweat and tears actually made me happy. It was also a motivator.
But now, with direct deposit and automatic withdrawals going on autopilot, I barely remember what week is pay week anymore.
A fond memory from the early years of my career, working as an assistant, was when the secretary was not in the office, I would be the one tasked with distributing the envelopes containing the paycheques. The warm reception and the smiles on people’s faces were something I will never forget. I even remember thinking to myself that this is what “spreading sunshine” is all about, making people happy like this. Continue reading