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When I was a child, I used to know that using cheques you could spend an endless amount of money
when I was 8 I asked my dad if we could go to disneyland, he told me we didn't have enough money for it, so I suggested we go to the bank to get some. Thats when he had to explain he needs to put the money in before he can take it out. This notion seemed like madness to me, I couldn't figure out what the point of it was, though he did try to explain it to me...but at that moment I realized money doesn't magically come out of an ATM machine.
When I was 4.Me and my dad were in the bank and he said he needed to get money out of his card.so I thought I'd save him the bother and I snapped his card,needles to say I didn't find any money.
When I was about 5, my dad said he was going to get money out of his bank card. I thought I'd save him the trip and I snapped the card. Needless to say I didn't find any money in his card.
When I was little I'd watch the news with my dad and one time he told me that Nasdaq, Dow Jones, and S&P were competing like sports teams and that our favorite team was Nasdaq. I didn't realize this wasn't true until high school. For years afterward, even though I knew this was a complete lie, I'd silently cheer in my head when I saw the Dow Jones lost points out of habit.
My brother used to think that the bank just gave out free money. Whenever we said that something was too expensive, he would be confused and ask, "Why don't we just go to the bank?"
When I was very little I had no sense of what was a lot of money. I came to the conclusion that my family had around $300 in savings, and it was a reasonable amount to have.
When I was younger, I was rather inventive and imaginative. I wanted to solve poverty by inventing ' a game device that cloned money from DNA'. I was blissfully unaware of the giant hole in my invention for many years and sad when the teuth came about. All I wanted was to solve poverty...
When I was around 13-14, before I understood where money came from etc etc I thought that when a cashier asked you if you wanted 'cash back' it literally meant, 'would you like some of money you used to purchase this item back' I always used to ask my mum why she never wanted any of her cash back! I have now learned that I should explain shit to my kids to save them all this hassle!
I believed money didnt exist and you could just get anything you wanted.
All American pennies say "In God we trust" and underneath that they have a portrait of a bearded man. Until I was 8 I thought the portrait was of God! Only later did I learn that it's Abraham Lincoln.
I used to believe that for adults, your age was equal to your wage. 35 year olds make $35,000 a year, a 45 year old makes ten thousand more than that. In my family, the older someone was, the more money they seemed to have, so it made perfect sense. I finally realized that people's ages can be much smaller or larger than their wages. (No comment regarding how I'm doing!)
I used to think that ATM machines just gave out free money when you needed it. Ahhh if only...
In 3rd grade we were given an assignment to write about what we'd do if we'd won $10,000. I had grand plans about traveling the world, owning a fleet of airplanes and cruise ships, living in mansions with servants and never having to work again.
I used to believe that money was just a verification of wealth, and you only had to show a shopkeeper that you had the money to pay for something, and they would give it to you. So, the first time I payed for something on my own when I was five or six, I showed the shopkeeper five pounds (I live in the UK), grabbed my item, and turned to leave. He wasn't best pleased, but I was adamant that I had payed! In the end, my Nan gave him the money, and I couldn't understand why she was just giving it away! I thought money was like a passport for buying things, and it seemed silly just to give it away! After all, you wouldn't just give your passport away!
I used to think that everything sold for the exact price it cost to make it. I didn't comprehend that anyone would be aiming to make a profit on anything.
I used tho think that gas was only $4 and i would be like why are people so worried about gas prices. then one day i figured out it was per gallon and it was a huge discovery.
I used to believe that pennies were made of gold, and therefore must be very valuable! I always saved all the pennies I found on the ground. :)
When I was young, I couldn't understand how you put money on your mobile phone, so I came to the conclusion that you'd take the back off and there would be a special slot for the money, which would slowly disappear as you use it.
I used to believe that when you put bills into a vending machine, it shredded them. (Because of the noise.) What stymied me though, was when you hit the change return it GAVE THE BILL BACK. I couldn't figure out how the machine put the pieces back together so seamlessly. And it WAS the same bill, cuz I tested it by writing down the serial number. :|