Spend Those Notes Fast

@Kandae11 (57233)
August 29, 2022 9:23am CST
I heard on the news this morning that after September 30, 2022, the Bank of England will be withdrawing legal tender status of £20 and £50 banknotes. Which means that if you have hundreds of them stashed somewhere you have until the end of September to get rid of them. Reminds me of a movie l watched where someone had to spend a couple of millions in a number of days. Suppose you were in that position , how would you spend the money fast?
9 people like this
8 responses
Anna
@LadyDuck (502148)
• Italy
29 Aug 22
I would go inside a bank and ask to invest in something, so I spend the money I have and I still have the money to spend later.
1 person likes this
Anna
@LadyDuck (502148)
• Italy
29 Aug 22
@Kandae11 This is usually the case. It happened when Europe switched to the new Euro Currency, we had 5 years to get rid of the old local banknotes.
1 person likes this
Kandase
@Kandae11 (57233)
•
29 Aug 22
@LadyDuck. Five years was time enough. I think.
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Kandase
@Kandae11 (57233)
•
29 Aug 22
Very good idea. Where the banknotes are concerned , they say some banks will still accept if you deposit them to your account.
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John Evans
@58lordstreet (1668)
•
29 Aug 22
I didnt know - not that i have any lol, nice problem to have I suppose
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Kandase
@Kandae11 (57233)
•
29 Aug 22
I don't know if people in the U.K. stash money instead of banking it, but here in the caribbean many people - mostly the older generation hoard it instead of banking it. Maybe in a suitcase, under a mattress , in a jar etc etc.
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Kandase
@Kandae11 (57233)
•
30 Aug 22
@58lordstreet Ha ha , Happened to me once - l placed some notes in a book and couldn't remember which one.
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John Evans
@58lordstreet (1668)
•
29 Aug 22
@Kandae11 yes loads do it - my mother threw an envelope out that my father had been hoarding money in, we did find it again though. My brother liked flat notes so he pressed them in a book then had to find which book it was
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OceanTiara
@RebeccasFarm (91299)
• United States
29 Aug 22
Oh dear that will cause some panic
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Kandase
@Kandae11 (57233)
•
29 Aug 22
If l had a lot of bank notes to dispose of fast l would probably stock up on lots of non perishable food items.
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OceanTiara
@RebeccasFarm (91299)
• United States
29 Aug 22
@Kandae11 Good idea
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DianneN
@DianneN (254949)
• United States
29 Aug 22
I wish I had that problem!
1 person likes this
DianneN
@DianneN (254949)
• United States
29 Aug 22
@Kandae11 Could you imagine?
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Kandase
@Kandae11 (57233)
•
29 Aug 22
Ha, yes - it could be fun.
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Judy Evans
@JudyEv (381760)
• Rockingham, Australia
30 Aug 22
Anna's idea seems a good one. I would try to buy each of our sons a house.
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Kandase
@Kandae11 (57233)
•
30 Aug 22
That's a great idea too.
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Terri Doss
@gtdoss (1013)
• United States
29 Aug 22
Yeah, I agree with others on here who have said they would invest it.
1 person likes this
Kandase
@Kandae11 (57233)
•
30 Aug 22
A very good plan.
1 person likes this
snowy
@snowy22315 (208746)
• United States
29 Aug 22
I'd have to think about that one.
1 person likes this
Kandase
@Kandae11 (57233)
•
29 Aug 22
It will surely take some thinking.
CarolDM
@CarolDM (203396)
• Nashville, Tennessee
29 Aug 22
Some type of investment probably.
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Kandase
@Kandae11 (57233)
•
29 Aug 22
My thoughts too , along with purchasing some items.
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