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I used to think the man on the dime was Arnold Palmer.
I thought the bank just gave away money if you typed the right number in. Now I realise thats not the case!
When I was young I used to think that some special selected pennies went through an old penny machine that spray painted them green and chipped the edges.
I think I must have once followed my Mom to the bank while she got something out of a small safe or something when I was young, because I believed that the way banks worked (having never gone with her to the bank before, and not going with her again later) was that everyone with an account had their own locked drawer. You'd go to the bank, then someone would take you to a room where there were walls and walls of little drawers, and you kept your money in that drawer.
When she explained it to me a bit, about how banks will give your money to other people, but they keep track of how much money you have, I figured that they just had a gigantic safe (with a huge combination lock on the front), like in cartoons, that was just piled up with money tossed everywhere. When you deposited money, they opened the door and threw it in. When you withdrew money, they went into the safe and got the money you asked for.
I still thought it was mean that they gave your money away, though.
When I was about six years old I figured out that a penny was worth a cent because it had one cent's worth of copper in it. A nickel had five cents' worth of nickel, a dime had ten cents' worth of silver, etc.
Dollar bills I decided were worth a dollar because the printing process was so expensive.
I believed that if you wanted to buy something, but didn't have enough money, the kind shopkeeper would give you enough "change" so that you could afford it. It is a shame that I only ever tested this theory when buying lollies, instead of trying it out to buy a porsche!
When I was 5 years old, the church gave everybody in the neighbourhood those little donation bags that said 'bread for the world' on them. The girl who distributed those bags told me that they were collecting for poor kids who had no money to buy bread. So it seemed only natural to me to snag a few slices of bread from my kitchen. I asked my cousin to do the same, then we'd go to the church together and gave the priest our bags that contained real bread! He had a good laugh before he explained that you were actually supposed to put money in those. And because I thought the money was going to kids, I figured they would only need play money, so I emptied the cashier of my doll supermarket, filled the back and took it back to the church. Little did I understand why the priest was still laughing at me!
One day when I was very young my grandpa was going to the bank. He showed me his check, and explained it to me. I told him I wanted some money too. I got out my red crayon, and some paper. I tried my best to copy his check. I even put a line under my name. I gave it to my grandpa, and asked him to take it to the bank for me. He said it wouldn't work. He said it was a hot check. I thought about it for a while. Then I took out some more paper and my blue crayon. I copied the check again, and handed it to him. I told him it wasn't hot anymore it was cold because I used blue! It took him quite awhile to explain it to me.
When I was about 7 I thought checks were special bills with no predetermined value. When you wanted to pay for something, you could turn a check into a bill for the specific amount of money you were paying by writing the amount on it. Very convenient, wasn't it? But then I thought about the person receiving the check and wondered if they were ever going to find a use for that specific amount of money.
My mother told me that money was the dirtiest thing around. I decided it was because people kept it in their bums.
That belief lingered and when I was a cashier in HS I almost vomitted when someone handed me a damp dollar bill.
When i was younger i got 2 dollars a week for allowance. my dad sometimes ran out of 1 dollar bills so he gave me a 5 and took 3 of mi dollars. that made me so angry. i didnt know much about money or math so i just thought my dad was stealing from me.
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.
When you are very poor you "can't make end's meat." End's meat is some sort of cheap very low quality meat.
I thought when I was a kid that people just went to the bank to get money, like it was simply a money source. I was always so confused as to why my parents would complain about having no money.
When my sister and I were young we would pester our parents for a McDonalds but the only reply we got was: "Sorry, we don't have McDonalds money". For a while I believed that there were coins bearing Ronalds face.
For the longest time (maybe until I was 10 or 11) I could have sworn that there was a 3 dollar bill. I thought I had remembered seeing one and then I never saw one again. I don't know why or where I thought I saw this, but it stuck with me.
I didn't know what it meant to be "filthy rich", so I decided that the difference between the rich people and us is that they don't have to eat their apples to the end, and would throw them away after the first bite.
I used to think when I was little that you had to actually make your money by cutting out pices of paper and use a pencil to draw the faces of the presidents. I thought this for many years until my mom told me about money and how i should save it up.
When I first learned that gold was very soft and that pirates used to bite their coins to ensure that the loot was composed of real gold, I ran around the house biting every metal object I could find. If the item bent when I bit into it, I made sure to inform my mother of its enormous monetary value. I am sure she was delighted to find me gnawing on bracelets and spoons.
I used to have a strange belief that everything would happen at least once in your life, like a bee sting, or a house fire, or anything, it was only until i once read the chances of winning the lottery that it became apparent that this is not true!