Three Articles About Tiny Amounts of Money
First, by Billfolder request, a Vox post about whether it’s appropriate to use Venmo for sub-$5 requests:
There is a deep, under-discussed divide among every group of friends I know that has nothing to do with politics or income bracket or level of traditional hotness. It is whether or not a person will request an amount less than $5 from someone on Venmo.
WhoPaid99Cents.com is the M.C. Escher print of websites: Its sole purpose is to charge users 99 cents to unlock a list of people who also paid the site 99 cents to look at the list of users who paid 99 cents. The conceit is diabolical: The only way to see who was stupid enough to fall for it is to pay the money and become a sucker yourself.
Then go back to Vox for a look at how much (or how little) people earn when they sign up with multi-level-marketing programs:
The website Magnifymoney recently polled 1,049 MLM sellers across various companies and found that most sellers make less than the equivalent of 70 cents an hour. Nearly 20 percent of those polled never made a sale, and nearly 60 percent earned less than $500 in sales over the past five years.
Read and discuss — and let us know what your Venmo “request threshold” is.
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