When i was about 5 or 6 my grandfather would take me and my brother to bury a penny. He told us that it would turn into a dollar, and what do you know, every time we went back a couple of days later, there would be a dollar. He really had us going for a couple of years.

Anon

I guess many kids believed that one: I believed that if I buried coins in the earth, they would "breed" and multiply. At least, that's what a teenage boy told us. He told us to bury our money in his garden. Needless to say, when we checked back, all the coins were gone :-(

Marion Schimmelpfennig

Growing up in Los Angeles in the 1960s and 70s, you couldn't turn on the television without seeing an ad from used car salesman Cal Worthington, a mildly colorful man whose idiosyncratic tic was including a different wild animal - say, a cheetah - in each ad. Anyway, I loved the guy.

In his ads, he'd abbreviate the prices of his cars, so for an asking price of $1,095, he'd say "ten ninety-five." Wow, I thought, you could get a car for 10 bucks! To me, this meant a) I had enough money in the piggy bank to buy a Ford Mustang even though I was seven-years-old, and b) our family was desperately poor, since Mom and Dad only had two cars worth, at most, 20 dollars.

Brian Moore

When my sister and I were little we used to go and stay with our aunty who always gave us nice things to eat so when my sister heard my aunty say that she was going to buy some premuim bonds, she thought she heard 'creamium buns' and was really disappointed when they didn't turn up on the tea table. For years she was convinced that that was what she had said. Mind you she's forty and still claims that she goes to China every night to visit her friends so what can you say.

Anon

I used to think that all banks led to a giant 'super-bank' through underground tunnels and everyone had a little lead box there with their name on it and all their money inside. I therefore assumed that putting money in the stock market meant taking your box to a market, presumanbly in Camden Town, and hiding it there.
And of course, money gets teleported from the super-bank to cash machines, otherwise how would it be your money?

Anon

I used to think a tip was a fixed amount of money you were required to give to someone after shopping at their store. When I was little, my friend and I would have a lemonade stand and we put out a paper cup with "Tips: $2" written on it. A woman bought a cup of lemonade from us (for 50 cents). We then started yelling at her because she didn't give us a $2 tip. Then my mother came out and yelled at us.

Alen

I saw a sign by a lake that said "No littering - $300 fine" I asked my dad what "fine" meant. He said it meant that if no one saw you littering, you were "fine" and didn't have to pay.

Anon

I asked my aunt once where did money come from, and she told me that it came from a plant she had in her backyard. I was about 7 or 8 at the time, and i asked her where was it, so she prepared a plant with money covering it...Made us, my cousins and me, believe that until we were 10. I remember my friends asking to see the "money tree" we had at home (I grew up with my aunt and uncle).

Julia

When I was little I thought that you could just go to a bank and get some money, there was a very nice person in there who would just give you some if you asked nicely. So when I asked mum for expensive things and said that we didn't have enough money or whatever, I couldn't understand why she wouldn't just go to the bank and get some!

Poor simple Katie

I had a friend who thought that when they gave you change at the cash register that they acutally changed the paper money magicly into coins.

Anon

I used to believe that checker pieces were a kind of money. Products ordered from television commercials always told you to send $9.95 checker money order to some PO box.

Eric

I remember not understaning why, when my parents paid for something with a credit card, the cashier gave the card back to them. I had thought a credit card was something like a plastic dollar bill.

Anon

I used to think that "priceless" meant free.

DAAA

When I was younger I used to believe that like if somthing was $12 then you would just give them a $1 and a $2 bill. Or if somthing was $91 then i would just give them a $9 bill and a $1 bill. Luckily I still don't believe that..

Tehswimmingcow

When i was little i thought the tip you left at a restraunt was just my mom forgetting some money. So i would pick it up and keep it.Well i guess they thought we were mean people, not leaving them a tip and all.

summer

I used to think that when we bought something at the store and they gave us back change, it was bonus money to thank us for buying their product!

Anon

When I was kid I used to believe that I had to earn enough money to have one of everything that existed.

Anon

When I was in grade school we were learning about the Presidents. Well I knew the first one was George Washington (because he was on the $1 dollar bill)well I ALWAYS thought Abraham Lincoln was the second President(Because he's on the $5 dollar bill)so I also thought that the third president was Hamilton and so on and so forth... I had misunderstood my teacher. She must have said that Lincoln might have been the sencond most important president. I believed this until I was in late teens...

MS

I used to believe that the picture of the Lincoln Memorial on the back of the penny was actually the trolley from Mister Roger's Neighborhood. It took a lot of convincing on my parents part to eventually come to terms with the truth!

Anon

When I was four or so, I used to believe that you could use Monopoly Money to buy things. I remember "helping" my grandma pay for her items at the store with the money, and the cashier actually accepting it!

Mandy