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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.
I used to think that the Night Safe outside a bank did what the cash machine, or "hole in the wall", does: that you could stick a note in it (presumably with your name and bank details) and get money out. Thus, I was ahead of my time, as I was a small child in the late 1970s/early ‘80s, in the days before "holes in the wall"!
I used to think that "checks and balances" were some how related to balancing your check book. Actually, I believed this until 7th or 8th grade.
When I was a child at about 4 years young I used to believe that every time me and my Mom would go to the checkout at a store I thought that the person at the cash always gave you change no matter what the circumstances.
I used to believe that money was free and you could just go to the bank when you need some. Every time someone said they needed money I was like "HELLO!?!? Just go to the BANK!" People laughed and I didn't get it...I just got mad at them for laughing at me.
When I was 5, I asked my mom if we could go shopping and she said that we didn't have enough money. So, I just said "Then, let's go to the bank!" Little did I know, the bank is not a place that just has an endless supply of money that they just hand out to whoever wants it.
When I was about nine, I heard someone saying that they spent all afternoon balancing their checkbook. I thought that it meant they *literally* balanced their checkbook. I imagined people trying to keep their checkbooks balanced on the tip of their finger, and they kept it up there the entire afternoon. Those people must have been really bored!
When I was little, I thought you could get money at a store because I would see the woman behind the till giving my mother change. If my mother said I couldn't have something because we didn't have enough money I would say 'but we can just buy some money at the shop like you always do'.
I used to believe that priceless meant free.
When I was a little girl my Dad gave a friend and me a quarter. My friend put hers in her mouth and accidentally swallowed it. We went crying to my Dad and all he said was, "Don't worry, it'll all come out in the wash." It just so happened my Mom was washing clothes that day (using the old Maytag wringer washer). We followed her all day looking for that quarter and could never figure out how it would get from her stomach to the wash.
I used to save money up by throwing coins into the bottom of my wardrobe, among all the shoes and things. I believed that it would be easier to save this way, and that I would end up saving more money, because I wouldn't be tempted to go rooting around down there to take the money back. Also, I would never be certain how much money was there. It was a brilliant scheme.
I used to hear the business report on the radio and think they were saying that 25 million chairs were traded on Wall Street. I pictured a huge room with millions of metal folding chairs being moved around.
I used to think that if you went to the bank and said "I need money!", they would give you as much money as you needed, no questions asked, as long as you paid them back! Boy, if the world only worked that way! ;)
I remember hearing about how our country owes billions of dollars, I asked my father why the people at the white house just doesn't order the money makers to print more hundred dollar bills out to pay whomever they owed.
I thought that change was just the clerk giving you back the exact amount of money you'd handed over. I thought it was a ritual formality thing, and I never saw the point.
I used to believe that you weren't allowed to spend change. I bought something at this elementary school book sale and got change back and wanted to buy something else but thought I couldn't.
I used to believe that it was customary to receive change regardless of how much you give to the clerk... Like a bonus for shopping at the store.
When I was about 6, my dad told me that the stock market crashed. Needless to say, I was determined that this meant the stock market building rolled down a big hill and broke.
when i was little, my mom and i would go shopping and before we left she'd sometimes casually say that she didn't have any money, therefor i thought she meant our family had no money period, even though she just didnt have any cash.
My mom was BIG into coupons when I was a kid. One time we went to the grocery store and she asked me what kind of cereal I wanted. When I told her, she said we didn't have a coupon for that kind. I guess I must have looked really disappointed, because she let me get it anyway. I was so shocked; I didn't think you were allowed to buy cereal without a coupon.