I’m in my mid-30s now and I’m the type of person who has a really hard time asking my parents for money. In fact, I have too much pride in me to even ask for a $20 loan and whenever we’re at a restaurant or coffee shop, I always pull out my credit card to pay the bill.
But when it comes to my children (who are 8 and 5) I don’t think they’ve really grasped the concept of money, as in how it’s made, how it’s spent, and how it should be saved (especially when we make a trip to our local Target or a toy store). As much as I try to explain to them that mommy and daddy work hard, long hours for our paychecks and that it’s not very wise to blow it each time we’re out and about, I feel like it’ll be sometime before they truly understand the value of a dollar. Now, that doesn’t mean I’m not going to try my hardest in teaching them, but at their age I just feel like we have some time ahead of us.
According to the Daily Mail though, one father tried to teach his six-year-old son a lesson in money management with a letter from the bank after he refused his request for $20 (BTW, do you know a lot of Kindergartners who ask for $20?!??!). Imgur user Sonan303 instead sent a letter saying there was “insufficient funds.” Apparently, the boy has a history of not doing his chores and was turned down for a loan.