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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. :|
When I was little, I used to think that when someone went bankrupt, a robber went into their bank and stole their money. I always wondered why my Grandpa told me not to go bankrupt if it was out of my control.
Not me but my mom knew someone who didn't realize when people talk about "The Government" paying for something it meant with tax money. Apparently he thought the Government just had a unlimited amount of money just sitting around or something! What a maroon..
I used to believe that the bigger the coin was, the more it was worth.
I remember as a kid I was totally confused by the trays they somtimes had a stores that had money in them and said "give a penny, take a penny". I thought it meant you should put a penny in it and then take another one out and I didn't get the point of it.
I would get a lot of money from cousins on national holidays. I used to believe my mom, who said “If you gave all the money to me, I might give the money back after you enter elementary school”, but I didn’t get my money so far.
I sometimes watched people borrowing money from others. They said "I'll give it back to you tomorrow" or something like that.. I always wondered how they would be able to give it back after having spent it.
I thought if you had $100 you were rich!
When I was kid I didn't get what decimal points meant so when I would see (for example) a toy that was $9.99 I thought it meant it was $999 dollars and thought that seemed awfully expensive for a toy...
I thought you could buy a car with $100. I saw an ad for a car for about $100 per month. I did not understand financing and thought that you only had to pay about $100. When a family member actually bought a vehicle, the salesman said how much it cost and I realized that I was wrong.
When my mother complained about bills I would tell her to just put them in the bin, thinking that would be them gone.
I used to believe that 'bankruptcy" meant that you were actually going to rob a bank
I used to believe that the checks my mom would write were money that she could have and it was an endless supply and that if I could get my hand on a checkbook I would have all the money I wanted
When I was young, I used to believe that every week my dad would go to the bank drive-thru on his forklift, and drop off a pile of money. Then mom would go through with us, and take it all out.
Everyday after work, my dad would come home and empty the change from his pockets onto the dining room table. I thought this was his wages for the day.
When I was little I used to believe that the banks would randomly choose who went into foreclosure. I used to read the foreclosure sections of the paper to make sure my family wasn't in it.
I used to believe that a bank was a place where they give out money to people
I used to think that when people talked about the stock market crashing, they said sock market, and that everyone had to wear old socks with holes in them because they couldn't buy new ones.