How To Get Your Kids To Start Saving
Have you ever been stuck looking for change at the vending machine, or parking meter? I know I have. Just a heads up that now your change may not even work in machines anymore. The Canadian government is in the process of redesigning and printing new money. They started the redesign with our 50, and 100 dollar bills. Then they take away the penny, which will force us to eventually round up or down the change in our pockets.
They may have wanted to update the machines that we use daily to accommodate the change, or at least ensure the new coins would be accepted by our vending machines and parking meters. They look different, they feel different, and from what I’m hearing they don’t work! Our VP Paul Heenan had this experience when he attempted to use a parking meter in Durham Region, the meter took his loonie however did not produce a parking voucher.
They then redesigned the 20 dollar bill which critics are saying is too provocative with a naked woman on it, and what looks like a depiction of the twin towers in New York when really it is the monument of Vimy Ridge.
How do you feel about all the changes to our Canadian money?
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Seems quite unfair for vending operators because there is no recourse, it’s just strictly out of pocket money for them to upgrade their machines. The new coins use a different machining process and are lighter than their predecessors. These changes will ensure that Canadian mint is saving money and taxpayers want to see the government actually save money for a change, but they put it back on small businesses in regards to the costs incurred for the upgrade. Apparently, vendors were given years notice before the changes occurred, but I hardly see that as a reasonable solution!