life lessons at the toy store
4-year-old Lindsay: I like this baby bottle. I want to buy it. How much is it?
Amanda: It’s $5.99.
Lindsay: Can I buy it?
Amanda: You should ask your dad.
Lindsay: Dad, can I buy this?
Dad: I don’t have any money.
Lindsay: My dad doesn’t have any money but I want to buy this.
Amanda: Maybe you can come back another time?
Dad: What do we do when we don’t have money Lindsay?
Lindsay: …
Dad: We use the credit card!
Yes, Lindsay. Let’s go use debt to buy unnecessary things that immediately deprecate in value. Parenting fail. Parents should be teaching their children fiscal responsibility. Doing otherwise is just going to raise another generation of mindless consumers who don’t understand the full ramifications of short-term, high interest credit usage. This was clearly evidenced in the 2008 global financial crisis, where a lack of personal financial resilience prolonged the recessionary period.
(Although to be fair, he might actually have had the money to pay for it but just uses the credit card as a charge card. And yes, I do realize I butchered the cute value of the above post).
Reblogged from a woman who fears the Lord 
Comments (View) •
Prmlnk ∞ • posted at 08.39pm
