Wednesday, 27 January 2010

Money, money, money

 

With regard to the coins, the 1-cent and 2-cent coins met with resistance in Finland and the Netherlands. In both countries, prices are rounded to the nearest 5 cents – in Finland by law, and in the Netherlands on a voluntary basis following a recommendation from the retail sector and consumer organisations (link)

Can someone explain this to me? I know that 1 or 2 cent coins don’t seem like a lot of money but as the say: take care of your pennies and the pounds will take care of themselves. To give you an example: I opened my money box today, sorted the coins and to my delight, I discovered there was more than £8 in total. And that was only after a few months of collecting them. Now imagine several million people in a country like the Netherlands or Finland who don’t get their 1 and 2 cents back. Shopkeepers must be so bloody pleased with this, and who wouldn’t? People give them THEIR money, no matter how little, in exchange for nothing. And what consumer organisation would recommend that consumers do that?

I am one of those people who, while paying for a product that costs £9.99 with a £10 note, will always wait for this 1p change and thanks to that, every few months I get to open my money box, sort the coins into those little bags, exchange them for real cash and enjoy some extra money.

3 comments:

Morloth said...

oj, u nich chodzilo o to, że juz wczesniej nie bylo cen typu 4,99 tylko np 4,95 i 1 oraz 2 centy nie byly w ogole uzywane

zarazek said...

Nie, nie chodziło o to. Skąd Ty masz takie informacje? Poczytaj sobie o Swedish rounding.

Morloth said...

tak zgaduje, bo np u Czechów było podobnie, tyle że z koronami.
skoro jednak masz inne informacje, to pewnie sie myle :)