moneyShow most recent or highest rated first. Common beliefs in this section include:
My Mum told me there were 100 pennies in a pound so I thought she meant that you could literally fit 100 pennies into a pound coin, so i sat at the table one day stacking pennies up, when I got to ten I realised that there was no way you could fit them into a pound coin... They must be squashed down to fit.
I used to stay in a house with a six year old and used to take her out a lot. One day when I was trying to get money out of the ATM the screen came up as insufficient funds (I am a poor student with no money). She assured me that it was ok because she knew her mums number and we could use my card to get her mum's money.
My friend used to believe that if you put any amount of money in to a vending machine and then pressed any of the buttons, the machine would just choose something to fall. Then it would decide how much change you would get.
My grandpa was a barber, and usually when we visited them, the first thing we did was stop at his shop. Usually he had a toy for me. On this day, he gave me a dollar, then told my dad to take me to the toy shop across the street. My dad, trying to instill the value of money into a 5 year old, told me I could only spend half of it! No PROBLEM!....I ripped the dollar in half, gave one to him, and said "Let's go shopping!"
I used to believe that tiny men lived in shop tills and decided how much each item should cost. I thought that bar codes were their own special language.
When I was little, I used to think that CDs (certificates of deposit) were the same as the CDs that you listened to. I always heard my parents talking about them and so I thought they would invest the CDs they had in the bank or something. When I got a CD for Christmas one year, I thought that my parents took care of the banking part of it for me. It was a while before I figured out the difference between the two.
when i was a child, i used to believe paper notes (money), once become crumpled or soaked wet, would be unacceptable and unuseable. well, mom gave me and my sister (younger than me yet infinitely wiser) a $5 bill one day after school to go get some groceries, I dropped it in the gutter and it was promptly soaked with rain water. my sis picked it up and said it's ok, use it, i grabbed it from her and chucked it out the window, which got blown away immediately. my sis saw such horror on my face, not because she thought I did such a stupid thing as throwing away good money, but that I made it wet in the first place!
The first time that I went to Spain on holiday when I was 7, I thought everyone purchased things with potatoes. Then dad told me they were pesatas.
i was always fascinated by the receipts given by ATM machines. one day, my brother told me that if you could get the receipts out of the tiny containers people put them in, and took them to the bank, then the bank would give you the amount of money shown on the docket. i was excited for 15 mins, thinking i would make our family rich, until i jammed my fingers in the container.
already at the age of five i was disgusted by the lack of fairness and logic in the grown-up world.
f.ex. i had discovered that a lotery ticket did not guarantee getting anything, although you had paid for it!
so i organised a little lotery in my street with free tickets and prizes for every ticket:)
i had to part with many of my toys this way, but thought i had showed the world how things should be done...
I used to think the bank was a money factory where anyone could go and get free money if they needed it.
I also used to think that if you didn't have enough money to buy something at a store, you would get change.
At age 5 I believed Monopoly money was real. I remember feeling stupid and embarassed when the the man at the corner shop laughed at me when I tried to buy sweets with it.
When I was younger, I always thought that when the bank held money for you, they put it in a little drawer for you until you wanted it.
I could never understand why it was that whatever bank my mum went to to get money, *her* drawer always used to be just beneath where the cashier sat... maybe she had a special account or something.
I once believed that the bank was where people went to pick up money, and it gave out infinite amounts of it. When I used to want toys, and my mom said she didn't have the money right then, I'd say "Well, we can just go to the bank and they'll give us some!"
I used to believe the Bank was where poor people went to get money, I didn't know you had to actually have money IN there.....I would be so humiliated to go into the bank I would cry and hide behind my mom.
If you didn't have enough money to buy an item in a shop the shop assistanct gave you the shortfall and this was the change.
I wnted to get money out of a savingts account my great grand mother had set up for me, my mom told me if I took the money out it would stop growing meaning growing in intrest. I thought my money was actually growing. I would hold dollar bills up next to each other to see if it had been in a bank to "grow". One day I asked if I could go to the bank to see how much my money had grown she showed me my bank statment, and explaned it to me. To say the lest I was disappointed.
When I was a kid, I thought that libraries got all their funding from overdue fines. We had a pretty lousy branch library, so I would hold onto books long after I'd read them so I'd have to pay an extra nickel or dime and maybe they'd be able to buy more books.
I thought that the vault in a bank was the place where all the cash was placed, not the safety deposit boxes. I never understood when I saw that the tellers had cash in their cash drawers, and when I deposited money the tellers would not take the cash into the vault.
Watching movies about bank robberies where the main goal of the robbers is to get into the vault confused me.
I believed that store proprietors personally owned everything in the store, and they could decide to charge whatever prices they wanted. Therefore if some item was very expensive, the storekeeper was obviously just being mean and greedy (especially if there were a lot of the thing in stock).
I told my mother that when I grew up, I would have a store that charged very low prices for everything (like a penny for a vacuum cleaner) so that everyone could afford what they needed. That's when she explained to me how stores' inventory really works, but I still didn't quite understand.