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fescuerescue

(4,448 posts)

12. That doesn't help that much.

Reply to lastlib (Original post)

Tue Aug 4, 2020, 07:58 PM

Aug 2020

It just sits in accounts payable fund until you cash it.

They can use the $1.50 fee they charge for the MO though immediately. They can also spend the interest earned off the MO.

Much better off buying $2 worth of stamps and using them. (using them frees the money, buying them - again goes into AP)

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16 replies

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If you have extra cash in savings...... [View all] lastlib Aug 2020 OP

Great idea! Dennis Donovan Aug 2020 #1

Great idea! I'll send my husband on a mission to do this for us! redstatebluegirl Aug 2020 #2

Nice idea but, Disaffected Aug 2020 #3

If personal checks have a six-month shelf life, what about MOs? CaptYossarian Aug 2020 #4

Hang on. Is the USPS problem cash flow or trumpy management? NightWatcher Aug 2020 #5

They have cash-flow probs due to the onerous law lastlib Aug 2020 #10

Like helping the PO. But, I'm not sure that really does it. In 2015, the USPS only made about Hoyt Aug 2020 #6

The point of it is giving USPS operating cash, more than "float". lastlib Aug 2020 #8

I can see them investing it, but not spending what is an liability/obligation. Hoyt Aug 2020 #11

The obligation to repay is a short-term liability, lastlib Aug 2020 #13

So, they run through the cash, then a bunch of folks redeem their money orders. Hoyt Aug 2020 #14

So not only do you not make money but you have to pay for the jimfields33 Aug 2020 #7

Wouldn't claim it's a good investment-- lastlib Aug 2020 #9

That doesn't help that much. fescuerescue Aug 2020 #12

See post #13. lastlib Aug 2020 #15

love this our son is a letter carrier gopiscrap Aug 2020 #16