Round Up Your Pricing Strategy If you're a small business owner or freelancer, consider rounding prices to the nearest nickel. This makes cash transactions easier and more efficient while preparing for a penny-free economy.
Use Digital Payments More Often Transition to cashless and digital payments (Venmo, Apple Pay, credit cards). Not only does this eliminate penny-related hassles, but it also offers better tracking, cashback, and fraud protection.
Empty Your Coin Jar Start rolling and redeeming your coin jars before pennies lose all value. Exchange them at banks or use coin-counting machines—some charge a fee, others don’t.
Automate Savings with Round-Up Apps like Acorns or Qapital automatically round up purchases to the nearest dollar and invest the change. It's a powerful way to save without thinking about it.
Price Shop Smartly With the phasing out of pennies, expect some retailers to round up in their favor. Compare prices and shop where rounding benefits the buyer—especially when using cash.
Advocate for Charity Rounding Support or create initiatives that encourage customers to round up to the nearest dollar for charity. It's a positive social use of otherwise discarded cents.
Hedge Against Inflation As coins lose relevance, it’s a subtle reminder of inflation’s impact. Make smart moves like investing in inflation-protected assets (e.g., TIPS, commodities, or dividend-paying stocks).